Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 47.48% is 18% below its 5-year average of 57.68%, near the low end of its 5-year range (37.74%–98.17%).
19.28% below its 12-month average of 58.82%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
47.48%
GROSS MARGIN AVG TTM
58.82%
GROSS MARGIN AVG 3Y
43.76%
GROSS MARGIN AVG 5Y
57.68%
GROSS MARGIN AVG 10Y
65.84%
GROSS MARGIN AVG 15Y
71.23%
GROSS MARGIN AVG 20Y
70.51%
CURRENT VS TTM AVG
-19.28%
CURRENT VS 3Y AVG
+8.50%
CURRENT VS 5Y AVG
-17.69%
CURRENT VS 10Y AVG
-27.88%
CURRENT VS 15Y AVG
-33.34%
CURRENT VS 20Y AVG
-32.66%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-18.94%
vs the sector median at left
The Goldman Sachs Group, Inc.
Market Cap
$304.08B
Gross Margin
47.48%
TTM Avg
58.82%
3Y Avg
43.76%
5Y Avg
57.68%
Market Cap
$270.38B
Gross Margin
64.50%
TTM Avg
63.48%
3Y Avg
70.30%
5Y Avg
75.77%
Market Cap
$217.65B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
Market Cap
$201.90B
Gross Margin
54.21%
TTM Avg
46.33%
3Y Avg
53.84%
5Y Avg
61.73%
Market Cap
$187.17B
Gross Margin
86.67%
TTM Avg
80.92%
3Y Avg
82.18%
5Y Avg
87.13%
Market Cap
$169.95B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. (GS) | $304.08B | 47.48% | 58.82% | 43.76% | 57.68% |
| Wells Fargo & Company (WFC)vs › | $270.38B | 64.50% | 63.48% | 70.30% | 75.77% |
| Morgan Stanley (MS)vs › | $340.44B | 59.72% | 56.34% | 62.35% | 72.96% |
| Citigroup Inc. (C)vs › | $236.47B | 46.63% | 43.13% | 49.79% | 59.91% |
| American Express Company (AXP)vs › | $217.65B | 84.35% | 82.56% | 84.69% | 86.88% |
| The Toronto-Dominion Bank (TD)vs › | $201.90B | 54.21% | 46.33% | 53.84% | 61.73% |
| The Charles Schwab Corporation (SCHW)vs › | $187.17B | 86.67% | 80.92% | 82.18% | 87.13% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $169.95B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK)vs › | $167.39B | 46.70% | 48.06% | 48.19% | 49.07% |
| Bank of America Corporation (BAC)vs › | $446.66B | 59.32% | 53.00% | 60.28% | 70.02% |
Gross Margin
47.5%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 52.66% |
| 2026-03-31 | 98.17% |
| 2025-12-31 | 51.71% |
| 2025-09-30 | 46.17% |
| 2025-06-30 | 45.41% |
| 2025-03-31 | 46.83% |
| 2024-12-31 | 41.93% |
| 2024-09-30 | 39.02% |
| 2024-06-30 | 39.92% |
| 2024-03-31 | 42.89% |
| 2023-12-31 | 37.74% |
| 2023-09-30 | 41.40% |
| 2023-06-30 | 39.47% |
| 2023-03-31 | 48.84% |
| 2022-12-31 | 45.97% |
| 2022-09-30 | 62.01% |
| 2022-06-30 | 74.74% |
| 2022-03-31 | 86.41% |
| 2021-12-31 | 88.75% |
| 2021-09-30 | 88.60% |
| 2021-06-30 | 92.71% |
| 2021-03-31 | 92.21% |
| 2020-12-31 | 86.05% |
| 2020-09-30 | 83.17% |
| 2020-06-30 | 76.08% |
| 2020-03-31 | 64.09% |
| 2019-12-31 | 69.60% |
| 2019-09-30 | 62.88% |
| 2019-06-30 | 65.35% |
| 2019-03-31 | 65.09% |
| 2018-12-31 | 65.59% |
| 2018-09-30 | 66.38% |
| 2018-06-30 | 69.37% |
| 2018-03-31 | 74.94% |
| 2017-12-31 | 73.39% |
| 2017-09-30 | 75.64% |
| 2017-06-30 | 76.43% |
| 2017-03-31 | 78.26% |
| 2016-12-31 | 79.65% |
| 2016-09-30 | 82.15% |
| 2016-06-30 | 81.71% |
| 2016-03-31 | 81.23% |
| 2015-12-31 | 83.40% |
| 2015-09-30 | 84.31% |
| 2015-06-30 | 85.91% |
| 2015-03-31 | 90.00% |
| 2014-12-31 | 86.76% |
| 2014-09-30 | 87.05% |
| 2014-06-30 | 85.25% |
| 2014-03-31 | 85.70% |
| 2013-12-31 | 84.67% |
| 2013-09-30 | 81.18% |
| 2013-06-30 | 82.42% |
| 2013-03-31 | 85.70% |
| 2012-12-31 | 82.21% |
| 2012-09-30 | 82.32% |
| 2012-06-30 | 77.13% |
| 2012-03-31 | 84.31% |
| 2011-12-31 | 75.46% |
| 2011-09-30 | 64.23% |
| 2011-06-30 | 76.25% |
| 2011-03-31 | 87.18% |
| 2010-12-31 | 83.31% |
| 2010-09-30 | 83.11% |
| 2010-06-30 | 84.01% |
| 2010-03-31 | 88.97% |
| 2009-12-31 | 88.03% |
| 2009-09-25 | 90.43% |
| 2009-06-26 | 90.60% |
| 2009-03-27 | 79.34% |
| 2008-11-28 | -42.86% |
| 2008-08-29 | 44.35% |
| 2008-05-30 | 53.40% |
| 2008-02-29 | 44.74% |
| 2007-11-30 | 49.88% |
| 2007-08-31 | 51.82% |
| 2007-05-25 | 50.03% |
| 2007-02-23 | 57.14% |
| 2006-11-24 | 51.90% |
| 2006-08-25 | 47.46% |
| 2006-05-26 | 56.89% |
| 2006-02-24 | 60.50% |
| 2005-11-25 | 52.72% |
| 2005-08-26 | 59.94% |
| 2005-05-27 | 55.06% |
| 2005-02-25 | 65.39% |
| 2004-11-26 | 62.16% |
| 2004-08-27 | 68.31% |
| 2004-05-28 | 73.45% |
| 2004-02-27 | 76.31% |
| 2003-11-28 | 69.62% |
| 2003-08-29 | 66.37% |
| 2003-05-30 | 66.58% |
| 2003-02-28 | 68.71% |
| 2002-11-29 | 57.21% |
| 2002-08-30 | 62.14% |
