Goldman Sachs Group annual operating expenses
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Goldman Sachs Group Operating Expenses Growth & History (GS)
Goldman Sachs Group's operating expenses was $37.54B for fiscal 2025.
View full Goldman Sachs Group company overviewGoldman Sachs Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $37.54B | $3.78B | +11.19% |
| 2024 | 2024-12-31 | $33.77B | −$720.0M | −2.09% |
| 2023 | 2023-12-31 | $34.49B | $3.32B | +10.66% |
| 2022 | 2022-12-31 | $31.16B | −$774.0M | −2.42% |
| 2021 | 2022-01-14 | $31.94B | $2.96B | +10.20% |
| 2020 | 2020-12-31 | $28.98B | $4.08B | +16.41% |
| 2019 | 2019-12-31 | $24.90B | $1.44B | +6.13% |
| 2018 | 2018-12-31 | $23.46B | $2.52B | +12.03% |
| 2017 | 2017-12-31 | $20.94B | $637.0M | +3.14% |
| 2016 | 2016-12-31 | $20.30B | −$4.74B | −18.92% |
| 2015 | 2015-12-31 | $25.04B | $2.87B | +12.95% |
| 2014 | 2014-12-31 | $22.17B | −$298.0M | −1.33% |
| 2013 | 2013-12-31 | $22.47B | −$487.0M | −2.12% |
| 2012 | 2012-12-31 | $22.96B | $314.0M | +1.39% |
| 2011 | 2011-12-31 | $22.64B | −$3.63B | −13.81% |
| 2010 | 2010-12-31 | $26.27B | $925.0M | +3.65% |
| 2009 | 2009-12-31 | $25.34B | — | — |
| 2008 | 2008-11-30 | $19.89B | −$8.50B | −29.94% |
| 2007 | 2007-11-30 | $28.38B | — | — |
Goldman Sachs Group quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $11.67B | $2.43B | +26.32% |
| Q1 2026 | 2026-03-31 | $10.43B | $1.30B | +14.22% |
| Q4 2025 | 2025-12-31 | $9.72B | $1.46B | +17.69% |
| Q3 2025 | 2025-09-30 | $9.45B | $1.14B | +13.69% |
| Q2 2025 | 2025-06-30 | $9.24B | $708.0M | +8.30% |
| Q1 2025 | 2025-03-31 | $9.13B | $470.0M | +5.43% |
| Q4 2024 | 2024-12-31 | $8.26B | −$226.0M | −2.66% |
| Q3 2024 | 2024-09-30 | $8.31B | −$739.0M | −8.16% |
| Q2 2024 | 2024-06-30 | $8.53B | −$11.0M | −0.13% |
| Q1 2024 | 2024-03-31 | $8.66B | $256.0M | +3.05% |
| Q4 2023 | 2023-12-31 | $8.49B | $396.0M | +4.89% |
| Q3 2023 | 2023-09-30 | $9.05B | $1.35B | +17.52% |
| Q2 2023 | 2023-06-30 | $8.54B | $891.0M | +11.64% |
| Q1 2023 | 2023-03-31 | $8.40B | $686.0M | +8.89% |
| Q4 2022 | 2022-12-31 | $8.09B | $821.0M | +11.29% |
| Q3 2022 | 2022-09-30 | $7.70B | $1.11B | +16.89% |
| Q2 2022 | 2022-06-30 | $7.65B | −$987.0M | −11.42% |
| Q1 2022 | 2022-03-31 | $7.72B | −$1.72B | −18.24% |
| Q4 2021 | 2022-01-14 | $7.27B | $1.36B | +23.07% |
| Q3 2021 | 2021-09-30 | $6.59B | $387.0M | +6.24% |
| Q2 2021 | 2021-06-30 | $8.64B | −$1.77B | −17.03% |
| Q1 2021 | 2021-03-31 | $9.44B | $2.98B | +46.13% |
| Q4 2020 | 2020-12-31 | $5.91B | −$1.39B | −19.06% |
| Q3 2020 | 2020-09-30 | $6.20B | $588.0M | +10.47% |
| Q2 2020 | 2020-06-30 | $10.41B | $4.29B | +70.16% |
| Q1 2020 | 2020-03-31 | $6.46B | $594.0M | +10.13% |
| Q4 2019 | 2019-12-31 | $7.30B | $2.15B | +41.71% |
| Q3 2019 | 2019-09-30 | $5.62B | $48.0M | +0.86% |
| Q2 2019 | 2019-06-30 | $6.12B | −$6.0M | −0.10% |
| Q1 2019 | 2019-03-31 | $5.86B | −$753.0M | −11.38% |
| Q4 2018 | 2018-12-31 | $5.15B | $424.0M | +8.97% |
| Q3 2018 | 2018-09-30 | $5.57B | $218.0M | +4.07% |
| Q2 2018 | 2018-06-30 | $6.13B | $748.0M | +13.91% |
| Q1 2018 | 2018-03-31 | $6.62B | $1.13B | +20.59% |
| Q4 2017 | 2017-12-31 | $4.73B | −$47.0M | −0.98% |
| Q3 2017 | 2017-09-30 | $5.35B | $50.0M | +0.94% |
| Q2 2017 | 2017-06-30 | $5.38B | −$91.0M | −1.66% |
| Q1 2017 | 2017-03-31 | $5.49B | $725.0M | +15.22% |
| Q4 2016 | 2016-12-31 | $4.77B | −$1.43B | −23.03% |
| Q3 2016 | 2016-09-30 | $5.30B | $485.0M | +10.07% |
| Q2 2016 | 2016-06-30 | $5.47B | −$1.87B | −25.52% |
| Q1 2016 | 2016-03-31 | $4.76B | −$1.92B | −28.74% |
| Q4 2015 | 2015-12-31 | $6.20B | $1.72B | +38.48% |
| Q3 2015 | 2015-09-30 | $4.82B | −$267.0M | −5.25% |
| Q2 2015 | 2015-06-30 | $7.34B | $1.04B | +16.48% |
| Q1 2015 | 2015-03-31 | $6.68B | $376.0M | +5.96% |
| Q4 2014 | 2014-12-31 | $4.48B | −$752.0M | −14.38% |
| Q3 2014 | 2014-09-30 | $5.08B | $527.0M | +11.57% |
| Q2 2014 | 2014-06-30 | $6.30B | $337.0M | +5.65% |
| Q1 2014 | 2014-03-31 | $6.31B | −$410.0M | −6.10% |
| Q4 2013 | 2013-12-31 | $5.23B | $307.0M | +6.24% |
| Q3 2013 | 2013-09-30 | $4.55B | −$1.50B | −24.75% |
| Q2 2013 | 2013-06-30 | $5.97B | $755.0M | +14.49% |
| Q1 2013 | 2013-03-31 | $6.72B | −$51.0M | −0.75% |
| Q4 2012 | 2012-12-31 | $4.92B | $121.0M | +2.52% |
| Q3 2012 | 2012-09-30 | $6.05B | $1.74B | +40.21% |
| Q2 2012 | 2012-06-30 | $5.21B | −$457.0M | −8.06% |
| Q1 2012 | 2012-03-31 | $6.77B | −$1.09B | −13.83% |
| Q4 2011 | 2011-12-31 | $4.80B | −$366.0M | −7.08% |
| Q3 2011 | 2011-09-30 | $4.32B | −$1.77B | −29.14% |
| Q2 2011 | 2011-06-30 | $5.67B | −$1.72B | −23.32% |
| Q1 2011 | 2011-03-31 | $7.85B | $238.0M | +3.13% |
| Q4 2010 | 2010-12-31 | $5.17B | $2.93B | +130.92% |
| Q3 2010 | 2010-09-30 | $6.09B | −$1.49B | −19.61% |
| Q2 2010 | 2010-06-30 | $7.39B | −$1.34B | −15.33% |
| Q1 2010 | 2010-03-31 | $7.62B | $820.0M | +12.07% |
| Q4 2009 | 2009-12-31 | $2.24B | $797.0M | +55.31% |
| Q3 2009 | 2009-09-25 | $7.58B | — | — |
| Q2 2009 | 2009-06-26 | $8.73B | — | — |
| Q1 2009 | 2009-03-27 | $6.80B | — | — |
| Q4 2008 | 2008-12-31 | $1.44B | — | — |
| Q3 2008 | 2008-08-29 | $5.08B | — | — |
| Q2 2008 | 2008-05-30 | $6.59B | — | — |
Goldman Sachs Group operating expenses trends
Over the last five fiscal years, Goldman Sachs Group's operating expenses increased from $28.98B to $37.54B, a change of $8.56B. The latest reported quarter, Q2 2026, shows $11.67B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Goldman Sachs Group source filings ↗