Goldman Sachs (GS) Tax Rate (2009 - 2026)
Goldman Sachs (GS) posted Tax Rate of 13.2% for Q1 2026, down 37.58% sequentially from 21.14% in Q4 2025, and down 290.0% YoY from 6.95% in Q1 2025.
Goldman Sachs (GS) Tax Rate (2009 - 2026) Analysis & Trends
Goldman Sachs has reported Tax Rate for 18 years, with the latest figure at 13.2% in Q1 2026.
- Quarterly Tax Rate fell 290.0% year-over-year to 13.2% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.37% (down 50.0% YoY) and the FY2025 annual result came in at 21.4%, down 100.0% from the prior year.
- Tax Rate slipped to 13.2% in Q1 2026 per GS's latest filing, from 21.14% in the prior quarter.
- Over five years, Tax Rate peaked at 29.95% in Q2 2023 and troughed at 10.91% in Q4 2023.
- A 5-year average of 19.95% and a median of 21.1% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 836 bps in 2022, then soared 1254 bps in 2023.
- Over 5 years, Tax Rate stood at 13.33% in 2022, then dropped by 18 bps to 10.91% in 2023, then jumped by 100 bps to 21.8% in 2024, then declined by 3 bps to 21.14% in 2025, then plunged by 38 bps to 13.2% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 13.2%, 21.14%, and 24.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 23.07% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 22.60% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 23.68% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 19.18% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 8.10% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 26.43% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 23.50% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 7.84% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -16.38% |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | 61.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.60% |
| Jun 30, 2026 | 22.60% |
| Jun 30, 2026 | 22.60% |
| Mar 31, 2026 | 13.20% |
| Mar 31, 2026 | 13.20% |
| Mar 31, 2026 | 13.20% |
| Dec 31, 2025 | 21.14% |
| Dec 31, 2025 | 21.14% |
| Dec 31, 2025 | 21.14% |
| Sep 30, 2025 | 24.00% |
| Sep 30, 2025 | 24.00% |
| Sep 30, 2025 | 24.00% |
| Jun 30, 2025 | 24.91% |
| Jun 30, 2025 | 24.91% |
| Jun 30, 2025 | 24.91% |
| Mar 31, 2025 | 16.10% |
| Mar 31, 2025 | 16.10% |
| Mar 31, 2025 | 16.10% |
| Dec 31, 2024 | 21.80% |
| Dec 31, 2024 | 21.80% |