Goldman Sachs (GS) Tax Rate (2009 - 2026)
Goldman Sachs (GS) recorded Tax Rate of 22.60% in Q2 2026, down 2.31 percentage points from 24.91% a year earlier but up 9.40 percentage points from the prior quarter.
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Analysis
Goldman Sachs (GS) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Goldman Sachs' Tax Rate came in at 20.24% as of Jun 30, 2026, down 1.36 percentage points year-over-year; for FY2025, it came in at 21.40%, down 1.00 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -2.80 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 22.40% in FY2024 (+1.70 pp), 20.70% in FY2023 (+4.20 pp), 16.50% in FY2022 (-3.50 pp) and 20.00% in FY2021 (-4.20 pp).
- Quarterly Tax Rate has ranged from 10.91% in Q4 2023 to 29.95% in Q2 2023 over the past five years.
- On a year-over-year basis, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of +0.16 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 12.54 percentage points in Q2 2023, against a drop of 8.36 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.20% (Q1 2026), 21.14% (Q4 2025) and 24.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | - |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | 24.29% |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | 17.42% |
| 10 | American Express | 208.01 Bn | -160.24 Mn | - | 23.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.60% |
| Mar 31, 2026 | 13.20% |
| Dec 31, 2025 | 21.14% |
| Sep 30, 2025 | 24.00% |
| Jun 30, 2025 | 24.91% |
| Mar 31, 2025 | 16.10% |
| Dec 31, 2024 | 21.80% |
| Sep 30, 2024 | 25.01% |
| Jun 30, 2024 | 22.29% |
| Mar 31, 2024 | 21.10% |
| Dec 31, 2023 | 10.91% |
| Sep 30, 2023 | 25.33% |
| Jun 30, 2023 | 29.95% |
| Mar 31, 2023 | 19.01% |
| Dec 31, 2022 | 13.33% |
| Sep 30, 2022 | 18.29% |
| Jun 30, 2022 | 17.41% |
| Mar 31, 2022 | 15.40% |
| Dec 31, 2021 | 21.69% |
| Sep 30, 2021 | 21.40% |
API Access
Goldman Sachs Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=GS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=GS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();