Goldman Sachs (GS) Tax Rate (2009 - 2026)
Goldman Sachs' (GS) quarterly Tax Rate came in at 22.6% in Q2 2026, down 231.0% year-over-year from 17.25% in Q2 2025, and up 71.22% quarter-over-quarter from 13.2% in Q1 2026.
Analysis
Goldman Sachs (GS) Tax Rate (2009 - 2026) Analysis & Trends
Goldman Sachs has disclosed Tax Rate across 18 years of filings, most recently posting 22.6% for Q2 2026.
- In Q2 2026, Tax Rate fell 231.0% year-over-year to 22.6%; the TTM figure through Jun 2026 stood at 20.24% (down 136.0% YoY), while the FY2025 annual figure was 21.4%, down 100.0% from the prior year.
- Tax Rate came in at 22.6% for Q2 2026 at Goldman Sachs, up from 13.2% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 29.95% in Q2 2023 to a low of 10.91% in Q4 2023.
- Average Tax Rate over 5 years is 20.1%, with a median of 21.12% recorded in 2024.
- Year-over-year, Tax Rate plunged 836 bps in 2022 and surged 1254 bps in 2023.
- Over 5 years, Tax Rate stood at 13.33% in 2022, then decreased by 18 bps to 10.91% in 2023, then surged by 100 bps to 21.8% in 2024, then slipped by 3 bps to 21.14% in 2025, then gained by 7 bps to 22.6% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 22.6% in Q2 2026, 13.2% in Q1 2026, and 21.14% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 23.07% |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 22.26% |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 22.60% |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 24.29% |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 17.42% |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | -38.63% |
| 10 | Schwab Charles | 181.98 Bn | 108.39 Bn | - | 23.68% |
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% |