What is the current annual operating margin of GS?

As of today, GS annual operating margin is 3.60%

What is 1-year change in GS annual operating margin?

GS annual operating margin is down -75.41% year-over-year

What is 3-year change in GS annual operating margin?

GS annual operating margin is down -82.78% over the past 3 years

How far is GS annual operating margin from its all-time high?

GS annual operating margin is currently -91.60% below its historical high of 42.88% set on December 31, 2021

How does GS annual operating margin rank versus sector peers?

GS annual operating margin is higher than 18.77% of companies in Financial Services sector

When is GS next annual earnings release?

The next annual earnings release for GS is on January 19, 2027

What is the current quarterly operating margin of GS?

As of today, GS quarterly operating margin is 4.20%

What is GS quarterly operating margin most recent change?

GS quarterly operating margin was down -81.22% on September 30, 2026

What is 1-year change in GS quarterly operating margin?

GS quarterly operating margin is down -75.54% year-over-year

How far is GS quarterly operating margin from its all-time high?

GS quarterly operating margin is currently -93.31% below its historical high of 62.79% set on December 31, 2009

How does GS quarterly operating margin rank versus sector peers?

GS quarterly operating margin is higher than 17.11% of companies in Financial Services sector

When is GS next earnings release?

The next earnings release for GS is on January 19, 2027

GS Operating Margin History & Chart Since 1996

Annual Operating Margin

3.60%11.04%-75.41%

December 31, 2025

Summary

Current Value: As of today, GS annual operating margin is 3.60%, down -75.41% on December 31, 2025
Historical Performance: GS annual operating margin is down -82.78% over the past 3 years, down -87.87% over the past 5 years
All-Time High Comparison: GS annual operating margin is currently -91.60% below its historical high of 42.88% set on December 31, 2021
3-Year Low Comparison: GS annual operating margin is at its 3-year low
Sector Comparison: GS annual operating margin is higher than 18.77% of companies in Financial Services sector

Operating Margin Chart

beforeafter

Performance

GS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	3.60%	-75.4%	-82.8%	-87.9%	-88.1%
Quarterly Operating Margin	Sep 30, 26	4.20%	-75.5%	-56.2%	-91.1%	+135.5%
Price	Oct 23, 26	$875.68	+16.6%	+192.7%	+111.3%	+757.8%
PE Ratio	Oct 23, 26	12.59	-17.4%	-13.1%	+84.3%	-21.5%
Annual Revenue	Dec 31, 25	$126.21B	-0.5%	+87.7%	+135.7%	+174.6%
Annual Operating Profit	Dec 31, 25	$3.86B	-79.2%	-72.6%	-75.7%	-72.2%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Net Margin	Dec 31, 25	16.04%	+42.5%	-4.2%	-9.2%	-11.7%

Operating Margin Highs

GS Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	20.91%	N/A	-82.8%
5Y	42.88%	Dec 31, 21	-91.6%
All	42.88%	Dec 31, 21	-91.6%

Operating Margin Lows

GS Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	3.60%	Dec 31, 25	at low
5Y	3.60%	Dec 31, 25	at low
All	3.60%	Dec 31, 25	at low

Operating Margin History

Year	Value	Change
2025	3.60%	-75.4%
2024	14.64%	+46.5%
2023	9.99%	-52.2%
2022	20.91%	-51.2%
2021	42.88%	+44.5%
2020	29.68%	+36.5%
2019	21.74%	-16.4%
2018	25.99%	-0.5%
2017	26.11%	-9.9%
2016	28.97%	-11.9%
2015	32.88%	-2.2%
2014	33.61%	+6.2%
2013	31.64%	+9.2%
2012	28.97%	+62.0%
2011	17.88%	-40.8%

Year	Value	Change
2010	30.19%	-21.3%
2009	38.37%	+780.0%
2008	4.36%	-78.3%
2007	20.05%	-4.8%
2006	21.06%	+4.3%
2005	20.20%	-16.0%
2004	24.06%	+23.1%
2003	19.54%	+37.3%
2002	14.23%	+19.9%
2001	11.87%	-22.0%
2000	15.21%	+93.8%
1999	7.85%	-39.6%
1998	12.99%	-11.9%
1997	14.75%	-2.1%
1996	15.07%	-

FAQ

What is the current annual operating margin of GS?: As of today, GS annual operating margin is 3.60%
What is 1-year change in GS annual operating margin?: GS annual operating margin is down -75.41% year-over-year
What is 3-year change in GS annual operating margin?: GS annual operating margin is down -82.78% over the past 3 years
How far is GS annual operating margin from its all-time high?: GS annual operating margin is currently -91.60% below its historical high of 42.88% set on December 31, 2021
How does GS annual operating margin rank versus sector peers?: GS annual operating margin is higher than 18.77% of companies in Financial Services sector
When is GS next annual earnings release?: The next annual earnings release for GS is on January 19, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

4.20%18.16%-81.22%

September 30, 2026

Summary

Current Value: As of today, GS quarterly operating margin is 4.20%, down -81.22% on September 30, 2026
Historical Performance: GS quarterly operating margin is down -75.54% year-over-year, down -56.20% over the past 3 years
All-Time High Comparison: GS quarterly operating margin is currently -93.31% below its historical high of 62.79% set on December 31, 2009
3-Year Low Comparison: GS quarterly operating margin is at its 3-year low
Sector Comparison: GS quarterly operating margin is higher than 17.11% of companies in Financial Services sector

Performance

GS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	4.20%	-81.2%	-75.5%	-56.2%	-91.1%
Annual Operating Margin	Dec 31, 25	3.60%	–	-75.4%	-82.8%	-87.9%
Price	Oct 23, 26	$875.68	-18.5%	+16.6%	+192.7%	+111.3%
PE Ratio	Oct 23, 26	12.59	-24.1%	-17.4%	-13.1%	+84.3%
Quarterly Revenue	Sep 30, 26	$32.04B	-16.6%	-0.4%	+10.9%	+118.3%
Quarterly Operating Profit	Sep 30, 26	$1.35B	-84.3%	-75.7%	-51.5%	-80.5%
Quarterly Gross Margin	Sep 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Net Margin	Sep 30, 26	16.52%	-4.2%	+29.7%	+132.0%	-54.9%

Quarterly Operating Margin Highs

GS Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	22.36%	Jun 30, 26	-81.2%
3Y	22.36%	Jun 30, 26	-81.2%
5Y	46.97%	N/A	-91.1%
All	62.79%	Dec 31, 09	-93.3%

Quarterly Operating Margin Lows

GS Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	4.20%	Sep 30, 26	at low
3Y	4.20%	Sep 30, 26	at low
5Y	4.20%	Sep 30, 26	at low
All	-23.40%	May 31, 99	+118.0%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	4.20%	-81.2%
Jun 2026	22.36%	+17.4%
Mar 2026	19.04%	+0.3%
Dec 2025	18.99%	+10.6%
Sep 2025	17.17%	+8.1%
Jun 2025	15.88%	-11.4%
Mar 2025	17.93%	+1.9%
Dec 2024	17.60%	+36.5%
Sep 2024	12.89%	+0.2%
Jun 2024	12.86%	-21.5%
Mar 2024	16.39%	+110.9%
Dec 2023	7.77%	-19.0%
Sep 2023	9.59%	+45.3%
Jun 2023	6.60%	-58.7%
Mar 2023	15.97%	+145.7%
Dec 2022	6.50%	-69.7%
Sep 2022	21.48%	-23.3%
Jun 2022	28.00%	-22.8%
Mar 2022	36.26%	-6.4%
Dec 2021	38.73%	-17.5%
Sep 2021	46.97%	+10.3%
Jun 2021	42.57%	-2.9%
Mar 2021	43.84%	-12.7%
Dec 2020	50.23%	+41.0%
Sep 2020	35.63%	+32.3%
Jun 2020	26.94%	+113.8%
Mar 2020	12.60%	-47.5%
Dec 2019	23.99%	+22.8%
Sep 2019	19.53%	-13.4%
Jun 2019	22.54%	+8.6%
Mar 2019	20.76%	-35.3%
Dec 2018	32.07%	+29.3%
Sep 2018	24.80%	-6.1%
Jun 2018	26.42%	+0.5%
Mar 2018	26.29%	-7.5%
Dec 2017	28.43%	+4.4%
Sep 2017	27.23%	+9.9%
Jun 2017	24.77%	-12.3%
Mar 2017	28.23%	-19.5%
Dec 2016	35.09%	+21.8%
Sep 2016	28.81%	+3.2%
Jun 2016	27.93%	+24.1%
Mar 2016	22.51%	-35.6%
Dec 2015	34.94%	+26.5%
Sep 2015	27.61%	-3.8%
Jun 2015	28.70%	-22.3%
Mar 2015	36.93%	-6.0%
Dec 2014	39.28%	+6.4%
Sep 2014	36.90%	+25.3%
Jun 2014	29.45%	-2.5%
Mar 2014	30.19%	-27.8%
Dec 2013	41.81%	+49.7%
Sep 2013	27.92%	+4.1%
Jun 2013	26.81%	-9.4%
Mar 2013	29.59%	-30.5%
Dec 2012	42.55%	+75.9%

Month	Value	Change
Sep 2012	24.19%	+36.1%
Jun 2012	17.78%	-37.5%
Mar 2012	28.44%	+77.0%
Dec 2011	16.07%	+236.0%
Sep 2011	-11.82%	-168.1%
Jun 2011	17.35%	-44.7%
Mar 2011	31.40%	-14.2%
Dec 2010	36.61%	+38.2%
Sep 2010	26.49%	+35.2%
Jun 2010	19.60%	-45.7%
Mar 2010	36.08%	-42.5%
Dec 2009	62.79%	+79.2%
Sep 2009	35.04%	+5.8%
Jun 2009	33.11%	+49.6%
Mar 2009	22.13%	+384.2%
Nov 2008	4.57%	-36.0%
Aug 2008	7.14%	-55.5%
May 2008	16.05%	+38.5%
Feb 2008	11.59%	-50.6%
Nov 2007	23.47%	+30.1%
Aug 2007	18.04%	+6.9%
May 2007	16.87%	-22.7%
Feb 2007	21.81%	-21.5%
Nov 2006	27.77%	+78.7%
Aug 2006	15.54%	-24.1%
May 2006	20.48%	-7.5%
Feb 2006	22.13%	+3.3%
Nov 2005	21.42%	+4.8%
Aug 2005	20.44%	+34.0%
May 2005	15.25%	-33.5%
Feb 2005	22.94%	-20.3%
Nov 2004	28.77%	+38.5%
Aug 2004	20.77%	-14.6%
May 2004	24.32%	-8.2%
Feb 2004	26.48%	+4.4%
Nov 2003	25.37%	+47.9%
Aug 2003	17.15%	-1.1%
May 2003	17.34%	-5.5%
Feb 2003	18.35%	+28.9%
Nov 2002	14.24%	+5.3%
Aug 2002	13.52%	-6.4%
May 2002	14.45%	-1.8%
Feb 2002	14.72%	+24.4%
Nov 2001	11.83%	+13.5%
Aug 2001	10.42%	-10.2%
May 2001	11.60%	-12.5%
Feb 2001	13.25%	+16.3%
Nov 2000	11.39%	-26.6%
Aug 2000	15.51%	+1.0%
May 2000	15.35%	-17.3%
Feb 2000	18.57%	+3.1%
Nov 1999	18.01%	+7.2%
Aug 1999	16.80%	+171.8%
May 1999	-23.40%	-215.3%
Feb 1999	20.29%	-

FAQ

What is the current quarterly operating margin of GS?: As of today, GS quarterly operating margin is 4.20%
What is GS quarterly operating margin most recent change?: GS quarterly operating margin was down -81.22% on September 30, 2026
What is 1-year change in GS quarterly operating margin?: GS quarterly operating margin is down -75.54% year-over-year
How far is GS quarterly operating margin from its all-time high?: GS quarterly operating margin is currently -93.31% below its historical high of 62.79% set on December 31, 2009
How does GS quarterly operating margin rank versus sector peers?: GS quarterly operating margin is higher than 17.11% of companies in Financial Services sector
When is GS next earnings release?: The next earnings release for GS is on January 19, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

GS Official Website www.goldmansachs.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/886982/000088698226000008/0000886982-26-000008-index.htm
GS Profile on Yahoo Finance finance.yahoo.com/quote/GS
GS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/gs