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 338.83 Bn 205.30 Bn - 23.07%
2 Goldman Sachs 316.34 Bn -660.01 Bn - 22.60%
3 Schwab Charles 220.55 Bn 135.80 Bn - 22.24%
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -16.38%
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 19.18%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 2.46%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 26.43%
10 Tradeweb Markets 23.53 Bn 22.17 Bn - 23.50%

Historic Data

Download Data
DateValue
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%