Goldman Sachs (GSCE) Operating Expenses (2009 - 2026)

Goldman Sachs' (GSCE) quarterly Operating Expenses came in at $10.4 billion in Q1 2026, up 14.22% year-on-year from $9.1 billion in Q1 2025, and up 7.24% quarter-over-quarter from $9.7 billion in Q4 2025.

Goldman Sachs (GSCE) Operating Expenses (2009 - 2026) Analysis & Trends

Goldman Sachs has disclosed Operating Expenses across 18 years of filings, most recently posting $10.4 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $10.4 billion, up 14.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $38.8 billion (up 13.45% YoY), and the FY2025 annual result was $37.5 billion, up 11.19% from the prior year.
  • Operating Expenses came in at $10.4 billion for Q1 2026 at Goldman Sachs, up from $9.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $10.4 billion in Q1 2026 to a low of $7.7 billion in Q2 2022.
  • The 5-year median for Operating Expenses is $8.5 billion (2024), against an average of $8.7 billion.
  • Across the five-year window, Operating Expenses declined 18.24% in 2022 and rose 17.69% in 2025, its largest moves.
  • Goldman Sachs' Operating Expenses stood at $8.1 billion in 2022, then gained by 4.89% to $8.5 billion in 2023, then decreased by 2.66% to $8.3 billion in 2024, then grew by 17.69% to $9.7 billion in 2025, then climbed by 7.24% to $10.4 billion in 2026.
  • The last three Operating Expenses figures came in at $10.4 billion (Q1 2026), $9.7 billion (Q4 2025), and $9.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 Goldman Sachs - - - 10.43 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.43 Bn
Dec 31, 2025 9.72 Bn
Sep 30, 2025 9.45 Bn
Jun 30, 2025 9.24 Bn
Mar 31, 2025 9.13 Bn
Dec 31, 2024 8.26 Bn
Sep 30, 2024 8.32 Bn
Jun 30, 2024 8.53 Bn
Mar 31, 2024 8.66 Bn
Dec 31, 2023 8.49 Bn
Sep 30, 2023 9.05 Bn
Jun 30, 2023 8.54 Bn
Mar 31, 2023 8.40 Bn
Dec 31, 2022 8.09 Bn
Sep 30, 2022 7.70 Bn
Jun 30, 2022 7.65 Bn
Mar 31, 2022 7.72 Bn
Dec 31, 2021 7.27 Bn
Sep 30, 2021 6.59 Bn
Jun 30, 2021 8.64 Bn