Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 24.81% is 18% above its 5-year average of 21.02%, around the middle of its 5-year range (6.66%–45.13%).
3.64% above its 12-month average of 23.94%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
24.81%
OPERATING MARGIN AVG TTM
23.94%
OPERATING MARGIN AVG 3Y
13.81%
OPERATING MARGIN AVG 5Y
21.02%
OPERATING MARGIN AVG 10Y
23.05%
OPERATING MARGIN AVG 15Y
23.84%
OPERATING MARGIN AVG 20Y
23.59%
CURRENT VS TTM AVG
+3.64%
CURRENT VS 3Y AVG
+79.68%
CURRENT VS 5Y AVG
+18.03%
CURRENT VS 10Y AVG
+7.64%
CURRENT VS 15Y AVG
+4.06%
CURRENT VS 20Y AVG
+5.15%
SECTOR MEDIAN · FINANCIAL SERVICES
23.41%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+5.98%
vs the sector median at left
The Goldman Sachs Group, Inc.
Market Cap
$305.78B
Operating Margin
24.81%
TTM Avg
23.94%
3Y Avg
13.81%
5Y Avg
21.02%
Market Cap
$266.04B
Operating Margin
21.17%
TTM Avg
19.52%
3Y Avg
19.13%
5Y Avg
19.19%
Market Cap
$220.22B
Operating Margin
17.14%
TTM Avg
17.26%
3Y Avg
16.84%
5Y Avg
17.11%
Market Cap
$203.62B
Operating Margin
17.92%
TTM Avg
15.18%
3Y Avg
19.96%
5Y Avg
22.93%
Market Cap
$185.86B
Operating Margin
43.49%
TTM Avg
35.50%
3Y Avg
34.52%
5Y Avg
35.70%
Market Cap
$170.95B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$169.78B
Operating Margin
31.12%
TTM Avg
33.09%
3Y Avg
34.26%
5Y Avg
35.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. (GS) | $305.78B | 24.81% | 23.94% | 13.81% | 21.02% |
| Morgan Stanley (MS)vs › | $341.18B | 20.70% | 18.07% | 18.02% | 22.52% |
| Wells Fargo & Company (WFC)vs › | $266.04B | 21.17% | 19.52% | 19.13% | 19.19% |
| Citigroup Inc. (C)vs › | $234.50B | 14.18% | 10.88% | 12.21% | 16.43% |
| American Express Company (AXP)vs › | $220.22B | 17.14% | 17.26% | 16.84% | 17.11% |
| The Toronto-Dominion Bank (TD)vs › | $203.62B | 17.92% | 15.18% | 19.96% | 22.93% |
| The Charles Schwab Corporation (SCHW)vs › | $185.86B | 43.49% | 35.50% | 34.52% | 35.70% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $170.95B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK)vs › | $169.78B | 31.12% | 33.09% | 34.26% | 35.11% |
| Bank of America Corporation (BAC)vs › | $442.76B | 22.47% | 17.44% | 19.57% | 22.46% |
Gross Margin
47.5%
Operating Margin
24.8%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 29.99% |
| 2026-03-31 | 37.65% |
| 2025-12-31 | 19.44% |
| 2025-09-30 | 16.77% |
| 2025-06-30 | 15.86% |
| 2025-03-31 | 17.90% |
| 2024-12-31 | 16.31% |
| 2024-09-30 | 12.65% |
| 2024-06-30 | 12.56% |
| 2024-03-31 | 16.17% |
| 2023-12-31 | 7.92% |
| 2023-09-30 | 9.66% |
| 2023-06-30 | 6.66% |
| 2023-03-31 | 15.73% |
| 2022-12-31 | 7.31% |
| 2022-09-30 | 20.32% |
| 2022-06-30 | 23.66% |
| 2022-03-31 | 32.52% |
| 2021-12-31 | 36.27% |
| 2021-09-30 | 45.13% |
| 2021-06-30 | 40.96% |
| 2021-03-31 | 43.25% |
| 2020-12-31 | 41.65% |
| 2020-09-30 | 34.04% |
| 2020-06-30 | 8.39% |
| 2020-03-31 | 11.07% |
| 2019-12-31 | 16.83% |
| 2019-09-30 | 18.91% |
| 2019-06-30 | 22.10% |
| 2019-03-31 | 20.62% |
| 2018-12-31 | 20.82% |
| 2018-09-30 | 23.63% |
| 2018-06-30 | 24.17% |
| 2018-03-31 | 25.53% |
| 2017-12-31 | 29.14% |
| 2017-09-30 | 27.04% |
| 2017-06-30 | 24.31% |
| 2017-03-31 | 24.76% |
| 2016-12-31 | 33.12% |
| 2016-09-30 | 28.84% |
| 2016-06-30 | 25.37% |
| 2016-03-31 | 20.20% |
| 2015-12-31 | 12.29% |
| 2015-09-30 | 25.14% |
| 2015-06-30 | 16.35% |
| 2015-03-31 | 33.46% |
| 2014-12-31 | 36.23% |
| 2014-09-30 | 34.30% |
| 2014-06-30 | 26.35% |
| 2014-03-31 | 27.75% |
| 2013-12-31 | 34.25% |
| 2013-09-30 | 26.17% |
| 2013-06-30 | 25.31% |
| 2013-03-31 | 28.65% |
| 2012-12-31 | 40.59% |
| 2012-09-30 | 22.65% |
| 2012-06-30 | 16.47% |
| 2012-03-31 | 26.96% |
| 2011-12-31 | 15.56% |
| 2011-09-30 | -13.07% |
| 2011-06-30 | 16.88% |
| 2011-03-31 | 29.61% |
| 2010-12-31 | 33.49% |
| 2010-09-30 | 26.24% |
| 2010-06-30 | 13.76% |
| 2010-03-31 | 35.93% |
| 2009-12-31 | 67.54% |
| 2009-09-25 | 35.04% |
| 2009-06-26 | 33.11% |
| 2009-03-27 | 22.13% |
| 2008-11-28 | -97.75% |
| 2008-08-29 | 7.05% |
| 2008-05-30 | 16.05% |
| 2008-02-29 | 11.50% |
| 2007-11-30 | 23.47% |
| 2007-08-31 | 17.89% |
| 2007-05-25 | 16.86% |
| 2007-02-23 | 21.81% |
| 2006-11-24 | 27.50% |
| 2006-08-25 | 14.78% |
| 2006-05-26 | 19.58% |
| 2006-02-24 | 21.39% |
| 2005-11-25 | 20.41% |
| 2005-08-26 | 19.50% |
| 2005-05-27 | 13.90% |
| 2005-02-25 | 21.53% |
| 2004-11-26 | 22.99% |
| 2004-08-27 | 19.01% |
| 2004-05-28 | 22.67% |
| 2004-02-27 | 24.40% |
| 2003-11-28 | 24.17% |
| 2003-08-29 | 17.15% |
| 2003-05-30 | 17.34% |
| 2003-02-28 | 16.70% |
| 2002-11-29 | 14.24% |
| 2002-08-30 | 13.52% |
