Filing Flows › Goldman Sachs Group (GS) › Operating margin
Goldman Sachs Group (GS) operating margin by quarter
Goldman Sachs Group's operating margin was 37.5% in Q3 2026 (third quarter 2026), -4.6 pts from Q2 2026. Over the last 5 quarters it ranged from 35.5% (Q3 2025) to 43.5% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 37.5% | -4.6 pts | +2.0 pts |
| Q2 2026 | 42.1% | +4.5 pts | — |
| Q1 2026 | 37.7% | -5.9 pts | — |
| Q4 2025 | 43.5% | +8.0 pts | — |
| Q3 2025 | 35.5% | — | — |
Q3 2026 at a glance
Goldman Sachs Group, Q3 2026: revenue $18.7B (+23% year over year), operating margin 37.5%, net earnings $5.3B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
Questions
What is Goldman Sachs Group's operating margin?
Goldman Sachs Group's operating margin was 37.5% in Q3 2026 (third quarter 2026), -4.6 pts from Q2 2026.
How has Goldman Sachs Group's operating margin changed?
Over the last 5 quarters it ranged from 35.5% (Q3 2025) to 43.5% (Q4 2025).