Goldman Sachs (GS) Operating Expenses (2009 - 2026)

Goldman Sachs has reported Operating Expenses for 18 years, with the latest figure at $10.4 billion in Q1 2026.

• Quarterly Operating Expenses rose 14.22% year-over-year to $10.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.8 billion (up 13.45% YoY) and the FY2025 annual result came in at $37.5 billion, up 11.19% from the prior year.
• Operating Expenses grew to $10.4 billion in Q1 2026 per GS's latest filing, from $9.7 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $10.4 billion in Q1 2026 and troughed at $7.7 billion in Q2 2022.
• A 5-year average of $8.7 billion and a median of $8.5 billion in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 18.24% in 2022, then advanced 17.69% in 2025.
• Over 5 years, Operating Expenses stood at $8.1 billion in 2022, then climbed by 4.89% to $8.5 billion in 2023, then dropped by 2.66% to $8.3 billion in 2024, then rose by 17.69% to $9.7 billion in 2025, then increased by 7.24% to $10.4 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $10.4 billion, $9.7 billion, and $9.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.