stockrowThe Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024.
- Revenue
- +23.0%
- EPS
- +38.8%
- Free cash flow
- +63.7%
- Total debt
- +27.3%
Quarter to September 2026, against a year earlier
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The Goldman Sachs Group, Inc. (GS) Gross margin
The Goldman Sachs Group, Inc.'s gross margin over the twelve months to 30 September 2026 was 100.0%, down 0.0 percentage points from fiscal 2025 (100.0%). Over the past ten years it has ranged from 90.8% (fiscal 2016) to 100.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Capital Markets industry median of 68.2% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 100.0% | 0.00 |
| FY2024 | 100.0% | 0.00 |
| FY2023 | 100.0% | 0.00 |
| FY2022 | 100.0% | 0.00 |
| FY2021 | 100.0% | 0.00 |
| FY2020 | 100.0% | 0.00 |
| FY2019 | 100.0% | 0.00 |
| FY2018 | 100.0% | 8.79 |
| FY2017 | 91.2% | 0.38 |
| FY2016 | 90.8% | (1.55) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 100.0% | 0.00 |
| Jun 2026 | 100.0% | 0.00 |
| Mar 2026 | 100.0% | 0.00 |
| Dec 2025 | 100.0% | 0.00 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TW Tradeweb Markets Inc. compare | 100.0% |
| SCHW The Charles Schwab Corporation compare | 100.0% |
| GS The Goldman Sachs Group, Inc. | 100.0% |
| MS Morgan Stanley compare | 95.9% |
| NMR Nomura Holdings Inc ADR compare | 95.3% |
| HOOD Robinhood Markets, Inc. compare | 95.1% |
| IBKR Interactive Brokers Group, Inc. compare | 93.4% |
| LPLA LPL Financial Holdings Inc. compare | 31.5% |
| CRCL Circle Internet Group, Inc. compare | 0.00% |
| Capital Markets industry median | 68.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on GS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement