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Goldman Sachs (GS) Operating Expenses (2016 - 2026)

Goldman Sachs' Operating Expenses history spans 18 years, with the latest figure at $10.4 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 14.22% to $10.4 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $38.8 billion, a 13.45% increase, with the full-year FY2025 number at $37.5 billion, up 11.19% from a year prior.
  • Operating Expenses hit $10.4 billion in Q1 2026 for Goldman Sachs, up from $9.7 billion in the prior quarter.
  • Over the last five years, Operating Expenses for GS hit a ceiling of $10.4 billion in Q1 2026 and a floor of $7.7 billion in Q2 2022.
  • Historically, Operating Expenses has averaged $8.7 billion across 5 years, with a median of $8.5 billion in 2024.
  • Biggest five-year swings in Operating Expenses: dropped 18.24% in 2022 and later increased 17.69% in 2025.
  • Tracing GS's Operating Expenses over 5 years: stood at $8.1 billion in 2022, then increased by 4.89% to $8.5 billion in 2023, then fell by 2.66% to $8.3 billion in 2024, then increased by 17.69% to $9.7 billion in 2025, then grew by 7.24% to $10.4 billion in 2026.
  • Business Quant data shows Operating Expenses for GS at $10.4 billion in Q1 2026, $9.7 billion in Q4 2025, and $9.5 billion in Q3 2025.