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Goldman Sachs (GS) Operating Expenses (2016 - 2025)

Goldman Sachs (GS) has disclosed Operating Expenses for 17 consecutive years, with $9.7 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 17.69% to $9.7 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $37.5 billion through Dec 2025, up 11.19% year-over-year, with the annual reading at $37.5 billion for FY2025, 11.19% up from the prior year.
  • Operating Expenses hit $9.7 billion in Q4 2025 for Goldman Sachs, up from $9.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $9.7 billion in Q4 2025 to a low of $6.6 billion in Q3 2021.
  • Historically, Operating Expenses has averaged $8.4 billion across 5 years, with a median of $8.5 billion in 2023.
  • Biggest five-year swings in Operating Expenses: skyrocketed 46.13% in 2021 and later dropped 18.24% in 2022.
  • Year by year, Operating Expenses stood at $7.3 billion in 2021, then increased by 11.29% to $8.1 billion in 2022, then rose 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.
  • Business Quant data shows Operating Expenses for GS at $9.7 billion in Q4 2025, $9.5 billion in Q3 2025, and $9.2 billion in Q2 2025.