Goldman Sachs Group Inc (GS.PD) stock
GS.PDNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31Also trades as GS, GS.PA, GS.PC, GSCE
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 2, 2026Score 17/3010% below fair value
$18.00+0.00 (0.00%)
Close on Nov 2, 2026Market cap $261.68BP/E 12.9Yield 1.56%
Goldman Sachs profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Goldman Sachs's profit margin for the twelve months ending Sep 30, 2026 was 31.8%. For fiscal 2025 it was 29.5%, against 26.7% the year before. The highest annual figure on record is 36.5% in fiscal 2021.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 29.5% | +2.8 |
| FY2024 | Dec 31, 2024 | 26.7% | +8.3 |
| FY2023 | Dec 31, 2023 | 18.4% | −5.4 |
| FY2022 | Dec 31, 2022 | 23.8% | −12.7 |
| FY2021 | Dec 31, 2021 | 36.5% | +15.2 |
| FY2020 | Dec 31, 2020 | 21.2% | −1.9 |
| FY2019 | Dec 31, 2019 | 23.2% | −5.4 |
| FY2018 | Dec 31, 2018 | 28.6% | +15.5 |
| FY2017 | Dec 31, 2017 | 13.1% | −10.9 |
| FY2016 | Dec 31, 2016 | 24.0% | +6.0 |
| FY2015 | Dec 31, 2015 | 18.0% | −6.6 |
| FY2014 | Dec 31, 2014 | 24.6% | +1.0 |
| FY2013 | Dec 31, 2013 | 23.5% | +1.6 |
| FY2012 | Dec 31, 2012 | 21.9% | +6.5 |
| FY2011 | Dec 31, 2011 | 15.4% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 28.3% | +1.4 |
| Q2 FY2026 | Jun 30, 2026 | 32.6% | +7.1 |
| Q1 FY2026 | Mar 31, 2026 | 32.7% | +1.2 |
| Q4 FY2025 | Dec 31, 2025 | 34.3% | +4.7 |
| Q3 FY2025 | Sep 30, 2025 | 27.0% | +3.4 |
| Q2 FY2025 | Jun 30, 2025 | 25.5% | +1.6 |
| Q1 FY2025 | Mar 31, 2025 | 31.5% | +2.4 |
| Q4 FY2024 | Dec 31, 2024 | 29.6% | +11.9 |
| Q3 FY2024 | Sep 30, 2024 | 23.5% | +6.1 |
| Q2 FY2024 | Jun 30, 2024 | 23.9% | +12.7 |
| Q1 FY2024 | Mar 31, 2024 | 29.1% | +2.6 |
| Q4 FY2023 | Dec 31, 2023 | 17.7% | +5.2 |
| Q3 FY2023 | Sep 30, 2023 | 17.4% | −8.2 |
| Q2 FY2023 | Jun 30, 2023 | 11.2% | −13.5 |
| Q1 FY2023 | Mar 31, 2023 | 26.5% | −4.0 |
| Q4 FY2022 | Dec 31, 2022 | 12.5% | −18.6 |
| Q3 FY2022 | Sep 30, 2022 | 25.6% | −13.9 |
| Q2 FY2022 | Jun 30, 2022 | 24.7% | −11.0 |
| Q1 FY2022 | Mar 31, 2022 | 30.5% | −8.2 |
| Q4 FY2021 | Dec 31, 2021 | 31.1% | −7.2 |
| Q3 FY2021 | Sep 30, 2021 | 39.5% | +8.3 |
| Q2 FY2021 | Jun 30, 2021 | 35.7% | +32.8 |
| Q1 FY2021 | Mar 31, 2021 | 38.6% | +24.7 |
| Q4 FY2020 | Dec 31, 2020 | 38.4% | +19.1 |
| Q3 FY2020 | Sep 30, 2020 | 31.2% | +8.7 |
| Q2 FY2020 | Jun 30, 2020 | 2.8% | −22.8 |
| Q1 FY2020 | Mar 31, 2020 | 13.9% | −11.7 |
| Q4 FY2019 | Dec 31, 2019 | 19.3% | −12.2 |
| Q3 FY2019 | Sep 30, 2019 | 22.6% | −6.1 |
| Q2 FY2019 | Jun 30, 2019 | 25.6% | −1.0 |
| Q1 FY2019 | Mar 31, 2019 | 25.6% | −2.5 |
| Q4 FY2018 | Dec 31, 2018 | 31.4% | +54.1 |
| Q3 FY2018 | Sep 30, 2018 | 28.6% | +3.1 |
| Q2 FY2018 | Jun 30, 2018 | 26.6% | +3.4 |
| Q1 FY2018 | Mar 31, 2018 | 28.1% | −0.0 |
| Q4 FY2017 | Dec 31, 2017 | -22.7% | −50.8 |
| Q3 FY2017 | Sep 30, 2017 | 25.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 23.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 28.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 28.1% | – |