KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Asset ManagementConsolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Financial Services FeesIncome from Continuing OperationsIncome towards Parent CompanyInterest Expense - DebtInterest Expense - DepositsInterest Expense - Fed FundsInterest Expense - OthersInterest ExpensesInterest Income - Debt SecuritiesInterest Income - DepositsInterest Income - Fed FundsInterest Income - NetInterest Income - TotalInterest Income - Trading Account AssetsInterest income - LoansInvestment Gain (Loss)Net Income towards Common StockholdersNon-Interest IncomeOperating ExpensesOther Non-Interest IncomeOther Operating ExpensesOther interest incomePreferred Dividend PaymentsProfit After TaxProvisionsResearch & DevelopmentRevenueShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateWages, Salaries and Other
Others
Ratios

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

Goldman Sachs' Operating Expenses history spans 17 years, with the latest figure at $465.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 94.37% year-over-year to $465.0 million; the TTM value through Dec 2025 reached $28.3 billion, down 16.23%, while the annual FY2025 figure was $1.7 billion, 95.06% down from the prior year.
  • Operating Expenses for Q4 2025 was $465.0 million at Goldman Sachs, down from $9.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $9.5 billion in Q3 2025 and bottomed at $465.0 million in Q4 2025.
  • The 5-year median for Operating Expenses is $8.4 billion (2023), against an average of $8.0 billion.
  • The largest annual shift saw Operating Expenses soared 46.13% in 2021 before it plummeted 94.37% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $7.3 billion in 2021, then grew by 11.29% to $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 tumbled by 94.37% to $465.0 million in 2025.
  • Per Business Quant, the three most recent readings for GS's Operating Expenses are $465.0 million (Q4 2025), $9.5 billion (Q3 2025), and $9.2 billion (Q2 2025).