GS Goldman Sachs Group margins

Relative Growth: Rel. Growth: 96

Relative Strength: Rel. Strength: 67

Relative Valuation: Rel. Valuation: 62

Relative Profitability: Rel. Profitability: 90

Gross margin

100%

Operating margin

39.7%

EBITDA margin

42.8%

Net margin

31.7%

Based on the latest figures, Goldman Sachs Group reports a gross margin of 100%, an operating margin of 39.7%, an EBITDA margin of 42.8%, and a net margin of 31.7%. Operating margin led the available margin gains with 4.4 percentage points, while the other margins did not change.

GS margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Goldman Sachs Group recorded average margins of 100% gross, 31.98% operating, 37.77% EBITDA, and 25.23% net. Relative to the three-year averages, operating, EBITDA, and net margins are above their three-year averages.

GS margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 4.4 percentage points, EBITDA margin by 3.5 percentage points, and net margin by 4 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

4.4pp

EBITDA margin expansion

3.5pp

Net margin expansion

4pp

GS Gross margin

Across the last 3 years, Goldman Sachs Group's gross margin averaged 100%. The current gross margin stands at 100%, in line with its three-year average. Gross margin was highest at 100% in Jun 2026 and lowest at 100% in Sep 2023.

GS Operating margin

Goldman Sachs Group's operating margin averaged 31.98% over the last 3 years. At present, the current operating margin for Goldman Sachs Group is 39.7%, 7.7 percentage points above its three-year average. Over the last 3 years, Goldman Sachs Group's operating margin peaked at 39.7% in Jun 2026 and reached a low of 22% in Sep 2023.

GS EBITDA margin

Across the last 3 years, Goldman Sachs Group had an average EBITDA margin of 37.77%. The latest EBITDA margin for Goldman Sachs Group is 42.8%, 5 percentage points above its three-year average. Looking back over the last 3 years, Goldman Sachs Group's EBITDA margin reached 42.8% at its highest point in Jun 2026 and 32.5% at its lowest in Sep 2023.

GS Net margin

Over the last 3 years, Goldman Sachs Group's net margin averaged 25.23%. Currently, Goldman Sachs Group's current net margin is 31.7%, which is 6.5 percentage points above its three-year average. During this period, net margin reached a high of 31.7% in Jun 2026 and a low of 17.2% in Sep 2023.

GS margin group comparison

Margins compared with peer-group, industry and sector averages

Goldman Sachs Group's gross margin of 100% is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 84%, Goldman Sachs Group's gross margin is 19% higher.

GS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Goldman Sachs Group's gross margin?

For the period ending Jun 30, 2026, GS recorded a gross margin of 100%.

What is Goldman Sachs Group's operating margin?

For the period ending Jun 30, 2026, GS recorded an operating margin of 39.7%.

What is Goldman Sachs Group's EBITDA margin?

The current EBITDA margin for GS is 42.8% as of Jun 30, 2026.

What is Goldman Sachs Group's net margin?

As of Jun 30, 2026, GS has a net margin of 31.7%.

What are the average margins of GS?

Looking back over 3 years, GS recorded average margins of 100.0% gross, 32.0% operating, 37.8% EBITDA, and 25.2% net.

What are the highest historical margins of GS?

Within the 5-year period, GS recorded its highest margins at 100% gross in Jun 2026, 47.2% operating in Sep 2021, 50.6% EBITDA in Sep 2021, and 38% net in Sep 2021.

What are the lowest historical margins of GS?

Within the 5-year period, GS recorded its lowest margins at 100% gross in Sep 2021, 22% operating in Sep 2023, 32.5% EBITDA in Sep 2023, and 17.2% net in Sep 2023.