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 (GS) has 18 years of Tax Rate data on file, last reported 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.
  • The five-year high for Tax Rate was 29.95% in Q2 2023, with the low at 10.91% in Q4 2023.
  • Average Tax Rate over 5 years is 19.95%, with a median of 21.1% recorded in 2024.
  • Year-over-year, Tax Rate tumbled 836 bps in 2022 and surged 1254 bps in 2023.
  • Goldman Sachs' Tax Rate stood at 13.33% in 2022, then declined by 18 bps to 10.91% in 2023, then surged by 100 bps to 21.8% in 2024, then fell by 3 bps to 21.14% in 2025, then sank by 38 bps to 13.2% in 2026.
  • Business Quant data shows GS's Tax Rate at 13.2% in Q1 2026, 21.14% in Q4 2025, and 24.0% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 13.20%
3 Schwab Charles 167.21 Bn 122.24 Bn - 22.24%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -16.38%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 15.82%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 26.45%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 23.03%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 2.47%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.46%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 2.73%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.20%
Mar 31, 2026 13.20%
Dec 31, 2025 21.14%
Dec 31, 2025 21.14%
Sep 30, 2025 24.00%
Sep 30, 2025 24.00%
Jun 30, 2025 24.91%
Jun 30, 2025 24.91%
Mar 31, 2025 16.10%
Mar 31, 2025 16.10%
Dec 31, 2024 21.80%
Dec 31, 2024 21.80%
Sep 30, 2024 25.01%
Sep 30, 2024 25.01%
Jun 30, 2024 22.29%
Jun 30, 2024 22.29%
Mar 31, 2024 21.10%
Mar 31, 2024 21.10%
Dec 31, 2023 10.91%
Dec 31, 2023 10.91%