Goldman Sachs (GS) Net Margin (2009 - 2026)

Goldman Sachs (GS) posted Net Margin of 31.36% for Q1 2026, down 3.75% sequentially from 32.59% in Q4 2025, and up 94.0% YoY from 16.17% in Q1 2025.

Goldman Sachs (GS) Net Margin (2009 - 2026) Analysis & Trends

Goldman Sachs (GS) has 18 years of Net Margin data on file, last reported at 31.36% in Q1 2026.

  • Quarterly Net Margin rose 94.0% year-over-year to 31.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.32% (up 224.0% YoY) and the FY2025 annual result came in at 27.97%, up 269.0% from the prior year.
  • Net Margin eased to 31.36% in Q1 2026 per GS's latest filing, from 32.59% in the prior quarter.
  • The five-year high for Net Margin was 32.59% in Q4 2025, with the low at 9.83% in Q2 2023.
  • Average Net Margin over 5 years is 23.57%, with a median of 24.73% recorded in 2022.
  • Year-over-year, Net Margin slumped 1895 bps in 2022 and surged 1288 bps in 2024.
  • Goldman Sachs' Net Margin stood at 11.19% in 2022, then surged by 47 bps to 16.5% in 2023, then jumped by 71 bps to 28.29% in 2024, then climbed by 15 bps to 32.59% in 2025, then retreated by 4 bps to 31.36% in 2026.
  • Business Quant data shows GS's Net Margin at 31.36% in Q1 2026, 32.59% in Q4 2025, and 25.42% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 26.29%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 31.36%
3 Schwab Charles 167.21 Bn 122.24 Bn - 36.98%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 122.40%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 32.80%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 7.22%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 37.74%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 132.82%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -171.16%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 1.16%

Historic Data

Download Data
DateValue
Mar 31, 2026 31.36%
Dec 31, 2025 32.59%
Sep 30, 2025 25.42%
Jun 30, 2025 23.82%
Mar 31, 2025 30.43%
Dec 31, 2024 28.29%
Sep 30, 2024 21.89%
Jun 30, 2024 22.71%
Mar 31, 2024 27.66%
Dec 31, 2023 16.50%
Sep 30, 2023 15.93%
Jun 30, 2023 9.83%
Mar 31, 2023 25.25%
Dec 31, 2022 11.19%
Sep 30, 2022 24.73%
Jun 30, 2022 23.48%
Mar 31, 2022 29.62%
Dec 31, 2021 30.14%
Sep 30, 2021 38.83%
Jun 30, 2021 34.75%