Goldman Sachs (GSCE) Operating Expenses (2009 - 2026)
Goldman Sachs (GSCE) posted Operating Expenses of $10.4 billion for Q1 2026, up 7.24% sequentially from $9.7 billion in Q4 2025, and up 14.22% YoY from $9.1 billion in Q1 2025.
Goldman Sachs (GSCE) Operating Expenses (2009 - 2026) Analysis & Trends
Goldman Sachs (GSCE) has 18 years of Operating Expenses data on file, last reported at $10.4 billion in Q1 2026.
- Quarterly Operating Expenses rose 14.22% year-over-year to $10.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.8 billion (up 13.45% YoY) and the FY2025 annual result came in at $37.5 billion, up 11.19% from the prior year.
- Operating Expenses grew to $10.4 billion in Q1 2026 per GSCE's latest filing, from $9.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $10.4 billion in Q1 2026, with the low at $7.7 billion in Q2 2022.
- Average Operating Expenses over 5 years is $8.7 billion, with a median of $8.5 billion recorded in 2024.
- Year-over-year, Operating Expenses slipped 18.24% in 2022 and grew 17.69% in 2025.
- Goldman Sachs' Operating Expenses stood at $8.1 billion in 2022, then grew by 4.89% to $8.5 billion in 2023, then declined by 2.66% to $8.3 billion in 2024, then gained by 17.69% to $9.7 billion in 2025, then rose by 7.24% to $10.4 billion in 2026.
- Business Quant data shows GSCE's Operating Expenses at $10.4 billion in Q1 2026, $9.7 billion in Q4 2025, and $9.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Goldman Sachs | - | - | - | 10.43 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |