The Goldman Sachs Group, Inc. (GS) Operating Margin: 17.47%
Is The Goldman Sachs Group, Inc.’s operating margin high or low?
The Goldman Sachs Group, Inc.'s operating margin of 17.47% is 17% below its 5-year average of 21.07%, near the low end of its 5-year range (9.91%–41.61%).
The operating margin for The Goldman Sachs Group, Inc. (GS) is 17.47% as of Tuesday, June 9, 2026. It is above its 12-month average by 9.29% (15.98%).
GS Operating Margin Chart
GS Average Operating Margin Chart
GS Current vs Average Operating Margin Chart
GS Operating Margin Metrics
OPERATING MARGIN
17.47%
OPERATING MARGIN AVG TTM
15.98%
OPERATING MARGIN AVG 3Y
15.38%
OPERATING MARGIN AVG 5Y
21.07%
OPERATING MARGIN AVG 10Y
22.32%
OPERATING MARGIN AVG 15Y
23.55%
OPERATING MARGIN AVG 20Y
23.03%
CURRENT VS TTM AVG
+9.29%
CURRENT VS 3Y AVG
+13.61%
CURRENT VS 5Y AVG
-17.11%
CURRENT VS 10Y AVG
-21.73%
CURRENT VS 15Y AVG
-25.82%
CURRENT VS 20Y AVG
-24.13%
GS Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. (GS) | — | 17.47% | 15.98% | 15.38% | 21.07% |
| Morgan Stanley (MS) | $331.62B | 19.09% | 18.07% | 18.02% | 22.52% |
| Wells Fargo & Company (WFC) | $250.94B | 20.40% | 19.52% | 19.13% | 19.19% |
| Citigroup Inc. (C) | $229.72B | 11.78% | 10.88% | 12.21% | 16.43% |
| Bank of America Corporation (BAC) | $386.20B | 19.68% | 17.44% | 19.57% | 22.46% |
| American Express Company (AXP) | $217.24B | 17.14% | 17.26% | 16.84% | 17.11% |
| Mastercard Incorporated (MA) | $437.59B | 59.17% | 57.25% | 56.36% | 55.28% |
| BlackRock, Inc. (BLK) | $157.09B | 29.09% | 33.10% | 34.27% | 35.11% |
| The Charles Schwab Corporation (SCHW) | $154.38B | 41.41% | 35.50% | 34.52% | 35.70% |
| Chubb Limited (CB) | $126.10B | 21.82% | 21.11% | 19.08% | 18.64% |
Operating Efficiency
Gross Margin
47.5%
Operating Margin
17.5%
The Goldman Sachs Group, Inc. Operating Margin Formula & Definition
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
The Goldman Sachs Group, Inc. Operating Margin FAQ
- What is the operating margin for The Goldman Sachs Group, Inc. (GS)?
- The operating margin for GS stock is 17.47%.
- Is The Goldman Sachs Group, Inc.'s operating margin high or low?
- The Goldman Sachs Group, Inc.'s operating margin of 17.47% is 17% below its 5-year average of 21.07%, near the low end of its 5-year range (9.91%–41.61%).
- What is the TTM average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The TTM average operating margin for GS stock is 15.98%.
- What is the 3Y average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The 3Y average operating margin for GS stock is 15.38%.
- What is the 5Y average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The 5Y average operating margin for GS stock is 21.07%.
- What is the 10Y average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The 10Y average operating margin for GS stock is 22.32%.
- What is the 15Y average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The 15Y average operating margin for GS stock is 23.55%.
- What is the 20Y average operating margin for The Goldman Sachs Group, Inc. (GS)?
- The 20Y average operating margin for GS stock is 23.03%.
The Goldman Sachs Group, Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 17.47% |
| 2024-12-31 | 14.50% |
| 2023-12-31 | 9.91% |
| 2022-12-31 | 19.63% |
| 2021-12-31 | 41.61% |
| 2020-12-31 | 23.33% |
| 2019-12-31 | 19.63% |
| 2018-12-31 | 23.83% |
| 2017-12-31 | 26.01% |
| 2016-12-31 | 27.19% |
| 2015-12-31 | 22.41% |
| 2014-12-31 | 30.83% |
| 2013-12-31 | 28.72% |
| 2012-12-31 | 26.90% |
| 2011-12-31 | 16.77% |
| 2010-12-31 | 28.05% |
| 2009-12-31 | 38.37% |
| 2008-11-28 | 4.36% |
| 2007-11-30 | 20.01% |
| 2006-11-24 | 20.99% |
| 2005-11-25 | 19.07% |
| 2004-11-26 | 22.37% |
| 2003-11-28 | 18.82% |
| 2002-11-29 | 14.23% |
| 2001-11-30 | 11.87% |
| 2000-11-30 | 15.21% |
| 1999-11-26 | 7.85% |