The Goldman Sachs Group, Inc. GS
935.45
12.16
1.32%
as of 25 Sep
- Market cap
- $269.9B
- P/E
- 14.3×
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The Goldman Sachs Group, Inc. (GS) Operating margin
The Goldman Sachs Group, Inc.'s operating margin over the twelve months to 30 June 2026 was 39.7%, up 2.2 percentage points from fiscal 2025 (37.5%). Over the past ten years it has ranged from 23.2% (fiscal 2023) to 45.6% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 37.5% | 3.11 |
| FY2024 | 34.4% | 11.16 |
| FY2023 | 23.2% | (5.25) |
| FY2022 | 28.5% | (17.11) |
| FY2021 | 45.6% | 17.58 |
| FY2020 | 28.0% | (0.96) |
| FY2019 | 29.0% | (5.13) |
| FY2018 | 34.1% | 0.08 |
| FY2017 | 34.0% | 0.54 |
| FY2016 | 33.5% | 7.51 |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 42.1% | 4.45 |
| Mar 2026 | 37.7% | (5.87) |
| Dec 2025 | 43.5% | 8.01 |
| Sep 2025 | 35.5% | 1.51 |
| 42 more quarters | Free account |
Against its own ten years
Low 23.2%
High 45.6%
Ten-year median
33.5%
Current reading's percentile
91
Operating margin against peers
| Company | Operating margin |
|---|---|
| IBKR Interactive Brokers Group, Inc. compare | 78.2% |
| NMR Nomura Holdings Inc ADR compare | 73.1% |
| MS Morgan Stanley compare | 59.7% |
| SCHW The Charles Schwab Corporation compare | 55.0% |
| HOOD Robinhood Markets, Inc. compare | 46.0% |
| TW Tradeweb Markets Inc. compare | 43.7% |
| GS The Goldman Sachs Group, Inc. | 39.7% |
| LPLA LPL Financial Holdings Inc. compare | 9.06% |
| CRCL Circle Internet Group, Inc. compare | 7.42% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on GS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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
- The full statement