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The Goldman Sachs Group (GS) Financials

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$1,083.42 +20.67 (+1.94%)
As of 01:22 PM Eastern
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Annual Income Statements for The Goldman Sachs Group

Annual Income Statements for The Goldman Sachs Group

This table shows The Goldman Sachs Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 5,568 7,087 3,685 9,860 7,897 8,915 21,151 10,764 7,907 13,525 16,300
Consolidated Net Income / (Loss)		 6,083 7,398 4,286 10,459 8,466 9,459 21,635 11,261 8,516 14,276 17,176
Net Income / (Loss) Continuing Operations		 6,083 7,398 4,286 10,459 8,466 9,459 21,635 11,261 8,516 14,276 17,176
Total Pre-Tax Income 		8,778 10,304 11,132 12,481 10,583 12,479 27,044 13,486 10,739 18,397 21,852
Total Revenue		 33,820 30,790 32,730 36,616 36,546 44,560 59,339 47,365 46,254 53,512 58,283
Net Interest Income / (Expense)		 3,064 2,587 2,932 3,767 4,362 4,751 6,470 7,678 6,351 8,056 13,559
Total Interest Income		 8,452 9,691 13,113 19,679 21,738 13,689 12,120 29,024 68,515 81,397 80,373
Investment Securities Interest Income		 8,452 9,691 13,113 19,679 21,738 13,689 12,120 29,024 68,515 81,397 80,373
Total Interest Expense		 5,388 7,104 10,181 15,912 17,376 8,938 5,650 21,346 62,164 73,341 66,814
Long-Term Debt Interest Expense		 5,388 7,104 10,181 15,912 17,376 8,938 5,650 21,346 62,164 73,341 66,814
Total Non-Interest Income		 30,756 28,203 29,798 32,849 32,184 39,809 52,869 39,687 39,903 45,456 44,724
Trust Fees by Commissions		 9,188 8,615 8,918 9,789 9,177 10,525 11,761 13,039 13,321 14,682 15,791
Investment Banking Income		 7,027 6,273 7,076 7,430 6,798 9,100 14,136 7,360 6,218 7,738 9,348
Other Non-Interest Income		 14,541 13,315 13,804 15,630 16,209 20,184 26,972 19,288 20,364 23,036 19,585
Provision for Credit Losses		 - 182 657 674 1,065 3,098 357 2,715 1,028 1,348 -1,113
Total Non-Interest Expense		 25,042 20,304 20,941 23,461 24,898 28,983 31,938 31,164 34,487 33,767 37,544
Salaries and Employee Benefits		 12,678 11,448 11,653 12,328 12,353 13,309 17,719 15,148 15,499 16,706 18,906
Net Occupancy & Equipment Expense		 1,578 1,597 1,630 1,832 2,196 2,307 2,554 2,834 2,972 2,964 3,128
Marketing Expense		 557 457 588 740 739 401 553 812 629 646 710
Other Operating Expenses		 9,238 5,804 5,918 7,233 7,906 11,064 9,097 9,915 10,531 11,059 12,618
Depreciation Expense		 991 998 1,152 1,328 1,704 1,902 2,015 2,455 4,856 2,392 2,182
Income Tax Expense		 2,695 2,906 6,846 2,022 2,117 3,020 5,409 2,225 2,223 4,121 4,676
Preferred Stock Dividends Declared		 515 311 601 599 569 544 484 497 609 751 876
Basic Earnings per Share		 $12.35 $16.53 $9.12 $25.53 $21.18 $24.94 $60.25 $30.42 $23.05 $41.07 $51.95
Weighted Average Basic Shares Outstanding		 448.90M 427.40M 401.60M 385.40M 371.60M 356.40M 350.50M 352.10M 340.80M 328.10M 312.70M
Diluted Earnings per Share		 $12.14 $16.29 $9.01 $25.27 $21.03 $24.74 $59.45 $30.06 $22.87 $40.54 $51.32
Weighted Average Diluted Shares Outstanding		 458.60M 435.10M 409.10M 390.20M 375.50M 360.30M 355.80M 358.10M 345.80M 333.60M 317.60M
Weighted Average Basic & Diluted Shares Outstanding		 450.90M 398.38M 379.89M 386.20M 345.67M 345.79M 337.92M 335.42M 325.56M 312.04M 296.75M
Cash Dividends to Common per Share		 $2.55 $2.60 $2.90 $3.15 $4.15 $5.00 $6.50 $9.00 $10.50 $11.50 $14.00

Quarterly Income Statements for The Goldman Sachs Group

This table shows The Goldman Sachs Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,882 1,867 3,931 2,891 2,780 3,923 4,583 3,473 3,860 4,384 5,403
Consolidated Net Income / (Loss)		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 4,617 5,630
Net Income / (Loss) Continuing Operations		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 4,617 5,630
Total Pre-Tax Income 		2,756 2,254 5,237 3,916 3,987 5,257 5,647 4,958 5,392 5,855 6,486
Total Revenue		 11,817 11,318 14,213 12,731 12,699 13,869 15,062 14,583 15,184 13,454 17,227
Net Interest Income / (Expense)		 1,547 1,339 1,374 1,990 2,347 1,583 2,895 3,104 3,852 3,708 3,555
Total Interest Income		 18,257 18,484 19,555 20,440 21,448 19,954 19,383 19,789 20,822 20,379 20,637
Investment Securities Interest Income		 18,257 18,484 19,555 20,440 21,448 19,954 19,383 19,789 20,822 20,379 20,637
Total Interest Expense		 16,710 17,145 18,181 18,450 19,101 18,371 16,488 16,685 16,970 16,671 17,082
Long-Term Debt Interest Expense		 16,710 17,145 18,181 18,450 19,101 18,371 16,488 16,685 16,970 16,671 17,082
Total Non-Interest Income		 10,270 9,979 12,839 10,741 10,352 12,286 12,167 11,479 11,332 9,746 13,672
Trust Fees by Commissions		 3,292 3,403 3,568 3,584 3,522 4,008 3,985 4,038 4,062 3,706 4,505
Investment Banking Income		 1,555 1,653 2,085 1,733 1,864 2,056 1,916 2,194 2,659 2,579 2,844
Other Non-Interest Income		 5,423 4,923 7,186 5,424 4,966 6,222 6,266 5,247 4,611 3,461 6,323
Provision for Credit Losses		 7.00 577 318 282 397 351 287 384 339 -2,123 315
Total Non-Interest Expense		 9,054 8,487 8,658 8,533 8,315 8,261 9,128 9,241 9,453 9,722 10,426
Salaries and Employee Benefits		 4,188 3,602 4,585 4,240 4,122 3,759 4,876 4,685 4,680 4,665 5,412
Net Occupancy & Equipment Expense		 735 771 717 744 740 763 739 764 787 838 837
Marketing Expense		 136 175 153 153 159 181 156 167 171 216 186
Other Operating Expenses		 2,483 3,159 2,576 2,750 2,673 3,060 2,851 3,007 3,284 3,476 3,496
Depreciation Expense		 1,512 780 627 646 621 498 506 618 531 527 495
Income Tax Expense		 698 246 1,105 873 997 1,146 909 1,235 1,294 1,238 856
Preferred Stock Dividends Declared		 176 141 201 152 210 188 155 250 238 233 227
Basic Earnings per Share		 $5.52 $5.57 $11.67 $8.73 $8.52 $12.15 $14.25 $11.03 $12.42 $14.25 $17.74
Weighted Average Basic Shares Outstanding		 338.70M 340.80M 335.60M 329.80M 324.80M 328.10M 320.80M 313.70M 309.60M 312.70M 303.80M
Diluted Earnings per Share		 $5.47 $5.53 $11.58 $8.62 $8.40 $11.94 $14.12 $10.91 $12.25 $14.04 $17.55
Weighted Average Diluted Shares Outstanding		 343.90M 345.80M 339.50M 335.50M 330.80M 333.60M 324.50M 318.30M 315M 317.60M 308M
Weighted Average Basic & Diluted Shares Outstanding		 326.11M 325.56M 322.46M 315.80M 313.91M 312.04M 306.84M 302.72M 299.93M 296.75M 295.01M
Cash Dividends to Common per Share		 $2.75 - $2.75 $2.75 - - $3.00 $3.00 - - $4.50

Annual Cash Flow Statements for The Goldman Sachs Group

This table details how cash moves in and out of The Goldman Sachs Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 18,414 28,272 -11,660 20,496 2,999 22,296 105,194 -19,211 -248 -59,485 -17,833
Net Cash From Operating Activities		 9,481 6,494 -20,489 16,564 23,868 -18,535 6,298 8,708 -12,587 -13,212 -45,154
Net Cash From Continuing Operating Activities		 9,481 6,494 -20,489 16,564 23,868 -18,535 6,298 8,708 -12,587 -13,212 -45,154
Net Income / (Loss) Continuing Operations		 6,083 7,398 4,286 10,459 8,466 9,459 21,635 11,261 8,516 14,276 17,176
Consolidated Net Income / (Loss)		 6,083 7,398 4,286 10,459 8,466 9,459 21,635 11,261 8,516 14,276 17,176
Provision For Loan Losses		 - 182 657 - 1,065 3,098 357 2,715 1,028 1,348 -1,113
Depreciation Expense		 991 998 1,152 1,328 1,704 1,902 2,015 2,455 4,856 2,392 2,182
Non-Cash Adjustments to Reconcile Net Income		 2,663 2,665 11,842 -1,325 96,424 45,978 2,353 1,671 160,952 1,863 -9,242
Changes in Operating Assets and Liabilities, net		 -256 -4,749 -38,426 6,102 -83,791 -78,972 -20,062 -9,394 -187,939 -33,091 -54,157
Net Cash From Investing Activities		 -18,574 9,675 -26,377 -18,820 -24,236 -34,356 -30,465 -75,960 -17,312 -49,624 -44,227
Net Cash From Continuing Investing Activities		 -18,574 9,675 -26,377 -18,820 -24,236 -34,356 -30,465 -75,960 -17,312 -49,624 -44,227
Purchase of Property, Leasehold Improvements and Equipment		 -1,833 -2,865 -3,184 -7,982 -8,443 -6,309 -4,667 -3,748 -2,316 -2,091 -2,064
Purchase of Investment Securities		 -17,988 10,642 -36,798 -22,644 -40,237 -60,074 -75,432 -85,764 -45,609 -109,141 -135,913
Sale of Property, Leasehold Improvements and Equipment		 228 381 574 3,711 6,632 2,970 3,933 2,706 3,278 1,613 803
Sale and/or Maturity of Investments		 1,019 1,517 13,031 8,095 17,812 29,057 45,701 10,846 27,335 59,995 92,947
Net Cash From Financing Activities		 27,507 12,103 35,206 22,752 3,367 70,380 134,738 59,602 27,800 7,323 66,100
Net Cash From Continuing Financing Activities		 27,507 12,103 35,202 22,752 3,367 70,380 134,738 59,602 27,800 7,323 66,100
Net Change in Deposits		 14,639 10,058 14,506 20,206 31,214 67,343 103,538 28,074 39,723 5,894 62,783
Issuance of Debt		 54,944 54,949 65,748 53,846 29,652 55,323 98,329 86,322 52,250 72,495 97,694
Issuance of Preferred Equity		 1,993 1,303 1,495 0.00 1,098 349 2,172 0.00 1,496 4,239 1,895
Repayment of Debt		 -37,258 -46,245 -36,380 -46,725 -53,454 -48,609 -59,198 -48,175 -56,963 -61,914 -78,710
Repurchase of Preferred Equity		 -1.00 -1,171 -1,087 -685 -1,306 -361 -2,675 0.00 -1,000 -2,200 0.00
Repurchase of Common Equity		 -4,135 -6,078 -6,772 -3,294 -5,335 -1,928 -5,200 -3,500 -5,796 -8,000 -12,360
Payment of Dividends		 -1,681 -1,706 -1,769 -1,810 -2,104 -2,336 -2,725 -3,682 -4,189 -4,497 -5,277
Other Financing Activities, Net		 -1,253 987 -539 1,176 3,602 599 497 563 2,279 1,306 75
Effect of Exchange Rate Changes		 - - - - - 4,807 -5,377 -11,561 1,851 -3,972 5,448
Cash Interest Paid		 - - 11,174 16,721 18,645 9,091 5,521 19,022 60,026 72,623 65,494
Cash Income Taxes Paid		 - - 1,425 1,271 1,266 2,754 6,195 4,555 2,389 3,673 3,990

Quarterly Cash Flow Statements for The Goldman Sachs Group

This table details how cash moves in and out of The Goldman Sachs Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -31,052 1,698 -32,192 -3,059 -51,637 27,403 -14,684 -14,441 16,610 -5,318 15,271
Net Cash From Operating Activities		 -25,534 -28,358 -28,038 6,120 -38,060 46,766 -37,230 5,672 2,680 -16,276 -31,868
Net Cash From Continuing Operating Activities		 -25,534 -28,358 -28,038 6,120 -38,060 46,766 -37,230 5,672 2,680 -16,276 -31,868
Net Income / (Loss) Continuing Operations		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 4,617 5,630
Consolidated Net Income / (Loss)		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 4,617 5,630
Provision For Loan Losses		 7.00 577 318 282 397 351 287 384 339 -2,123 315
Depreciation Expense		 1,512 780 627 646 621 498 506 618 531 527 495
Non-Cash Adjustments to Reconcile Net Income		 165,908 -166,606 1,904 84 19,562 -19,687 2,571 177 -27,535 15,545 2,483
Changes in Operating Assets and Liabilities, net		 -195,019 134,883 -35,019 2,065 -61,630 61,493 -45,332 770 25,247 -34,842 -40,791
Net Cash From Investing Activities		 -8,033 -3,342 -7,980 -5,243 -29,286 -7,115 -22,747 -11,334 -5,113 -5,033 -56,307
Net Cash From Continuing Investing Activities		 -8,033 -3,342 -7,980 -5,243 -29,286 -7,115 -22,747 -11,334 -5,113 -5,033 -56,307
Purchase of Property, Leasehold Improvements and Equipment		 -507 -546 -497 -542 -466 -586 -499 -476 -558 -531 -565
Purchase of Investment Securities		 -11,035 -18,424 -25,546 -20,040 -37,978 -18,333 -52,377 -30,114 -21,758 -31,664 -87,587
Sale of Property, Leasehold Improvements and Equipment		 489 2,127 399 448 305 461 145 247 112 299 63
Sale and/or Maturity of Investments		 3,020 13,501 17,664 18,513 8,853 11,343 29,984 19,009 17,091 26,863 31,782
Net Cash From Financing Activities		 6,442 28,016 7,171 -2,371 10,340 -7,817 42,826 -13,262 19,781 16,755 104,294
Net Cash From Continuing Financing Activities		 6,442 28,016 7,171 -2,371 10,340 -7,817 42,826 -13,262 19,781 16,755 104,294
Net Change in Deposits		 4,896 23,853 12,146 -7,474 10,480 -9,258 36,332 -9,088 24,588 10,951 60,819
Issuance of Debt		 11,106 19,209 21,810 14,152 17,959 32,720 29,054 23,219 12,844 32,577 73,361
Issuance of Preferred Equity		 1,496 - 0.00 - 1,995 - 1,895 - - - 0.00
Repayment of Debt		 -8,576 -14,111 -23,238 -6,868 -18,735 -27,219 -18,029 -22,542 -14,398 -23,741 -20,475
Repurchase of Preferred Equity		 -1,000 - - - - -1,500 0.00 - - - -1,450
Repurchase of Common Equity		 -1,500 -1,000 -1,500 -3,500 -1,000 -2,000 -4,360 -3,000 -2,000 -3,000 -5,000
Payment of Dividends		 -1,099 -1,065 -1,123 -1,052 -1,169 -1,153 -1,115 -1,223 -1,476 -1,463 -1,588
Other Financing Activities, Net		 1,119 1,130 -924 827 810 593 -951 -628 223 1,431 -1,373
Effect of Exchange Rate Changes		 -3,927 5,382 -3,345 -1,565 5,369 -4,431 2,467 4,483 -738 -764 -848
Cash Interest Paid		 15,609 16,840 17,139 17,994 18,860 18,864 15,954 17,004 16,858 15,678 18,027

Annual Balance Sheets for The Goldman Sachs Group

This table presents The Goldman Sachs Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 861,395 860,165 916,776 931,796 992,968 1,163,028 1,463,988 1,441,799 1,641,594 1,675,972 1,809,320
Cash and Due from Banks		 93,439 121,711 110,051 130,547 133,546 155,842 261,036 241,825 241,577 182,092 164,259
Federal Funds Sold		 134,308 116,925 120,822 139,258 85,691 108,060 205,703 225,117 223,805 180,062 126,007
Trading Account Securities		 491,140 480,552 506,836 415,480 491,403 535,790 554,687 490,286 796,381 844,658 1,033,441
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 50,671 43,525 113,134 148,674 282,328 247,221 442,562 484,571 379,831 469,160 485,613
Total Liabilities & Shareholders' Equity		 861,395 860,165 916,776 931,796 992,968 1,163,028 1,463,988 1,441,799 1,641,594 1,675,972 1,809,320
Total Liabilities		 659,419 656,129 834,533 841,611 902,703 1,067,096 1,354,062 1,324,610 1,524,689 1,553,976 1,684,348
Non-Interest Bearing Deposits		 97,519 124,098 138,604 158,257 190,019 259,962 364,227 386,665 428,417 433,013 501,422
Short-Term Debt		 339,218 299,536 309,809 299,460 340,860 370,099 464,769 433,355 556,560 567,344 525,708
Long-Term Debt		 203,789 218,133 257,268 257,390 241,338 260,857 319,141 291,811 315,554 326,844 367,165
Other Long-Term Liabilities		 18,893 14,362 128,852 126,504 130,486 176,178 205,925 212,779 224,158 226,775 290,053
Commitments & Contingencies		 - - - - - - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 86,728 86,893 82,243 90,185 90,265 95,932 109,926 117,189 116,905 121,996 124,972
Total Preferred & Common Equity		 86,728 86,893 82,243 90,185 90,265 95,932 109,926 117,189 116,905 121,996 124,972
Preferred Stock		 11,200 11,203 11,853 11,203 11,203 11,203 10,703 10,703 11,203 13,253 15,153
Total Common Equity		 75,528 75,690 70,390 78,982 79,062 84,729 99,223 106,486 105,702 108,743 109,819
Common Stock		 51,349 52,647 53,366 54,014 54,892 55,688 56,405 59,059 60,256 61,385 61,915
Retained Earnings		 83,386 89,039 91,519 100,100 106,465 112,947 131,811 139,372 143,688 153,412 165,288
Treasury Stock		 -62,640 -68,694 -75,392 -78,670 -84,006 -85,940 -91,136 -94,631 -100,445 -108,500 -120,919
Accumulated Other Comprehensive Income / (Loss)		 -718 -1,216 -1,880 693 -1,484 -1,434 -2,068 -3,010 -2,918 -2,702 -2,260
Other Equity Adjustments		 4,151 3,914 2,777 2,845 3,195 3,468 4,211 5,696 5,121 5,148 5,795

Quarterly Balance Sheets for The Goldman Sachs Group

This table presents The Goldman Sachs Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,571,386 1,577,153 1,641,594 1,698,440 1,653,313 1,728,080 1,675,972 1,766,181 1,785,009 1,807,982 2,060,180
Cash and Due from Banks		 270,931 239,879 241,577 209,385 206,326 154,689 182,092 167,408 152,967 169,577 179,530
Federal Funds Sold		 199,864 190,695 223,805 231,918 198,626 212,156 180,062 186,365 153,849 129,786 152,875
Trading Account Securities		 588,768 644,985 796,381 722,631 726,602 806,048 923,371 977,244 1,017,383 1,047,887 1,128,115
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 511,823 501,594 379,831 534,506 521,759 555,187 390,447 435,164 460,810 460,732 599,660
Total Liabilities & Shareholders' Equity		 1,571,386 1,577,153 1,641,594 1,698,440 1,653,313 1,728,080 1,675,972 1,766,181 1,785,009 1,807,982 2,060,180
Total Liabilities		 1,454,893 1,459,876 1,524,689 1,579,894 1,533,850 1,606,880 1,553,976 1,641,881 1,660,913 1,683,580 1,937,398
Non-Interest Bearing Deposits		 398,853 402,962 428,417 440,662 433,105 445,311 433,013 471,134 466,143 490,249 561,263
Short-Term Debt		 550,882 548,030 556,560 602,744 557,894 587,343 567,344 573,770 558,473 547,017 633,369
Long-Term Debt		 292,259 293,678 315,554 315,232 321,690 335,875 326,844 343,995 360,386 359,307 407,040
Other Long-Term Liabilities		 212,899 215,206 224,158 221,256 221,161 238,351 226,775 252,982 275,911 287,007 335,726
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 116,493 117,277 116,905 118,546 119,463 121,200 121,996 124,300 124,096 124,402 122,782
Total Preferred & Common Equity		 116,493 117,277 116,905 118,546 119,463 121,200 121,996 124,300 124,096 124,402 122,782
Preferred Stock		 10,703 11,203 11,203 11,203 12,753 13,253 13,253 15,153 15,153 15,153 13,703
Total Common Equity		 105,790 106,074 105,702 107,343 106,710 107,947 108,743 109,147 108,943 109,249 109,079
Common Stock		 60,215 60,242 60,256 61,323 61,359 61,381 61,385 61,841 61,897 61,916 61,795
Retained Earnings		 141,798 142,743 143,688 146,690 148,652 150,454 153,412 157,019 159,535 162,143 169,316
Treasury Stock		 -97,917 -99,429 -100,445 -101,917 -105,459 -106,475 -108,500 -112,843 -115,869 -117,889 -125,918
Accumulated Other Comprehensive Income / (Loss)		 -3,237 -2,599 -2,918 -3,317 -2,900 -2,503 -2,702 -2,069 -1,985 -2,476 -1,912
Other Equity Adjustments		 4,931 5,117 5,121 4,564 5,058 5,090 5,148 5,199 5,365 5,555 5,798

Annual Metrics And Ratios for The Goldman Sachs Group

This table displays calculated financial ratios and metrics derived from The Goldman Sachs Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $16.53 $9.12 $25.53 $21.18 $24.94 $60.25 $30.42 $23.05 $41.07 $51.95
Adjusted Weighted Average Basic Shares Outstanding		 0.00 427.40M 401.60M 385.40M 371.60M 356.40M 350.50M 352.10M 340.80M 328.10M 312.70M
Adjusted Diluted Earnings per Share		 $0.00 $16.29 $9.01 $25.27 $21.03 $24.74 $59.45 $30.06 $22.87 $40.54 $51.32
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 435.10M 409.10M 390.20M 375.50M 360.30M 355.80M 358.10M 345.80M 333.60M 317.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 398.38M 379.89M 368.27M 345.67M 345.79M 337.92M 335.42M 325.56M 312.04M 296.75M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for The Goldman Sachs Group

This table displays calculated financial ratios and metrics derived from The Goldman Sachs Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 296,752,922.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 296,752,922.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 18.97
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.32% 6.84% 16.27% 16.85% 7.46% 22.54% 5.97% 14.55% 19.57% - 14.37%
EBITDA Growth		 -3.48% 34.43% 18.15% 37.00% 7.97% 89.68% 4.93% 22.23% 28.54% - 13.46%
EBIT Growth		 -26.62% 47.32% 31.15% 125.58% 44.67% 133.23% 7.83% 26.61% 35.24% - 14.86%
NOPAT Growth		 -32.94% 51.43% 27.77% 150.25% 45.29% 104.73% 14.67% 22.35% 37.06% - 18.83%
Net Income Growth		 -32.94% 51.43% 27.77% 150.25% 45.29% 104.73% 14.67% 22.35% 37.06% - 18.83%
EPS Growth		 -33.70% 66.57% 31.74% 179.87% 53.56% 115.91% 21.93% 26.57% 45.83% - 24.29%
Operating Cash Flow Growth		 -259.49% 14.49% -398.15% -80.82% -49.06% 264.91% -32.78% -7.32% 107.04% - 14.40%
Free Cash Flow Firm Growth		 -79.70% -373.93% -2,506.84% -50.38% -70.84% 84.06% 99.01% -10.49% 121.58% - -14,247.33%
Invested Capital Growth		 5.54% 17.41% 8.94% 4.11% 8.91% 2.75% 0.53% 4.40% -1.31% - 11.62%
Revenue Q/Q Growth		 8.46% -4.22% 25.58% -10.43% -0.25% 9.21% 8.60% -3.18% 4.12% - 28.04%
EBITDA Q/Q Growth		 28.17% -28.91% 93.28% -22.20% 1.01% 24.89% 6.92% -9.38% 6.22% - 9.39%
EBIT Q/Q Growth		 58.76% -18.21% 132.34% -25.22% 1.81% 31.85% 7.42% -12.20% 8.75% - 10.78%
NOPAT Q/Q Growth		 69.24% -2.43% 105.78% -26.36% -1.74% 37.49% 15.25% -21.42% 10.07% - 21.94%
Net Income Q/Q Growth		 69.24% -2.43% 105.78% -26.36% -1.74% 37.49% 15.25% -21.42% 10.07% - 21.94%
EPS Q/Q Growth		 77.60% 1.10% 109.40% -25.56% -2.55% 42.14% 18.26% -22.73% 12.28% - 25.00%
Operating Cash Flow Q/Q Growth		 -180.04% -11.06% 1.13% 121.83% -721.90% 222.87% -179.61% 115.24% -52.75% - -95.80%
Free Cash Flow Firm Q/Q Growth		 -99.54% -199.76% 44.03% 55.08% -126.68% 72.04% 96.51% -4,891.93% 144.27% - -4,007.17%
Invested Capital Q/Q Growth		 -0.07% 3.13% 4.80% -3.62% 4.54% -2.70% 2.55% 0.09% -1.17% - 14.28%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 36.12% 26.81% 41.26% 35.83% 36.29% 41.50% 40.85% 38.24% 39.01% - 40.52%
EBIT Margin		 23.32% 19.92% 36.85% 30.76% 31.40% 37.90% 37.49% 34.00% 35.51% - 37.65%
Profit (Net Income) Margin		 17.42% 17.74% 29.07% 23.90% 23.55% 29.64% 31.46% 25.53% 26.99% - 32.68%
Tax Burden Percent		 74.67% 89.09% 78.90% 77.71% 74.99% 78.20% 83.90% 75.09% 76.00% - 86.80%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 25.33% 10.91% 21.10% 22.29% 25.01% 21.80% 16.10% 24.91% 24.00% - 13.20%
Return on Invested Capital (ROIC)		 0.85% 0.90% 1.41% 1.22% 1.20% 1.58% 1.65% 1.41% 1.53% - 1.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.85% 0.90% 1.41% 1.22% 1.20% 1.58% 1.65% 1.41% 1.53% - 1.79%
Return on Net Nonoperating Assets (RNNOA)		 5.85% 6.11% 10.47% 8.92% 8.87% 11.70% 12.44% 10.38% 11.37% - 14.20%
Return on Equity (ROE)		 6.70% 7.01% 11.88% 10.15% 10.06% 13.28% 14.08% 11.78% 12.90% - 15.99%
Cash Return on Invested Capital (CROIC)		 -4.55% -15.09% -7.61% -2.88% -7.31% -1.29% 0.90% -2.78% 2.93% - -9.35%
Operating Return on Assets (OROA)		 0.68% 0.60% 1.10% 0.96% 0.97% 1.22% 1.18% 1.11% 1.18% - 1.19%
Return on Assets (ROA)		 0.51% 0.53% 0.87% 0.74% 0.73% 0.96% 0.99% 0.83% 0.90% - 1.03%
Return on Common Equity (ROCE)		 6.08% 6.36% 10.78% 9.14% 9.03% 11.92% 12.55% 10.43% 11.41% - 14.12%
Return on Equity Simple (ROE_SIMPLE)		 6.68% 0.00% 7.94% 9.41% 10.04% 0.00% 11.97% 12.54% 13.40% - 14.72%
Net Operating Profit after Tax (NOPAT)		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 - 5,630
NOPAT Margin		 17.42% 17.74% 29.07% 23.90% 23.55% 29.64% 31.46% 25.53% 26.99% - 32.68%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 42.81% 40.18% 38.38% 40.35% 39.54% 33.91% 38.32% 38.51% 37.13% - 37.35%
Operating Expenses to Revenue		 76.62% 74.99% 60.92% 67.03% 65.48% 59.56% 60.60% 63.37% 62.26% - 60.52%
Earnings before Interest and Taxes (EBIT)		 2,756 2,254 5,237 3,916 3,987 5,257 5,647 4,958 5,392 - 6,486
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,268 3,034 5,864 4,562 4,608 5,755 6,153 5,576 5,923 - 6,981
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 1.16 0.00 1.37 1.45 1.65 1.56 1.99 2.21 - 2.30
Price to Tangible Book Value (P/TBV)		 0.98 1.16 0.00 1.37 1.45 1.65 1.56 1.99 2.21 - 2.30
Price to Revenue (P/Rev)		 2.28 2.66 0.00 2.91 3.07 3.36 3.14 3.86 4.11 - 4.15
Price to Earnings (P/E)		 14.37 15.53 0.00 13.80 13.63 13.29 12.02 14.71 15.22 - 14.66
Dividend Yield		 3.26% 2.79% 2.59% 2.43% 2.27% 2.01% 2.15% 1.70% 1.63% - 1.83%
Earnings Yield		 6.96% 6.44% 0.00% 7.25% 7.34% 7.52% 8.32% 6.80% 6.57% - 6.82%
Enterprise Value to Invested Capital (EV/IC)		 0.55 0.55 0.00 0.63 0.70 0.71 0.72 0.81 0.84 - 0.84
Enterprise Value to Revenue (EV/Rev)		 11.56 11.69 0.00 12.64 14.25 13.55 13.79 15.02 14.71 - 16.09
Enterprise Value to EBITDA (EV/EBITDA)		 35.51 34.68 0.00 35.72 40.18 34.88 35.56 38.22 36.88 - 39.13
Enterprise Value to EBIT (EV/EBIT)		 52.54 50.36 0.00 44.71 47.16 39.41 39.86 42.54 40.61 - 42.87
Enterprise Value to NOPAT (EV/NOPAT)		 67.16 63.50 0.00 56.33 59.64 50.79 50.37 54.26 51.78 - 53.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.26 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 80.27 0.00 28.43 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.18 7.46 7.74 7.36 7.62 7.33 7.38 7.40 7.29 - 8.47
Long-Term Debt to Equity		 2.50 2.70 2.66 2.69 2.77 2.68 2.77 2.90 2.89 - 3.32
Financial Leverage		 6.89 6.82 7.42 7.30 7.40 7.39 7.56 7.38 7.45 - 7.93
Leverage Ratio		 13.24 13.17 13.71 13.67 13.86 13.89 14.27 14.12 14.40 - 15.49
Compound Leverage Factor		 13.24 13.17 13.71 13.67 13.86 13.89 14.27 14.12 14.40 - 15.49
Debt to Total Capital		 87.77% 88.18% 88.56% 88.04% 88.40% 87.99% 88.07% 88.10% 87.93% - 89.44%
Short-Term Debt to Total Capital		 57.15% 56.27% 58.15% 55.84% 56.24% 55.83% 55.06% 53.55% 53.07% - 54.45%
Long-Term Debt to Total Capital		 30.62% 31.91% 30.41% 32.20% 32.16% 32.16% 33.01% 34.55% 34.86% - 34.99%
Preferred Equity to Total Capital		 1.17% 1.13% 1.08% 1.28% 1.27% 1.30% 1.45% 1.45% 1.47% - 1.18%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 11.06% 10.69% 10.36% 10.68% 10.34% 10.70% 10.47% 10.45% 10.60% - 9.38%
Debt to EBITDA		 56.80 55.92 55.65 49.62 51.10 43.01 43.54 41.59 38.72 - 41.85
Net Debt to EBITDA		 27.75 26.08 28.90 26.77 30.79 25.59 26.76 27.70 25.93 - 28.48
Long-Term Debt to EBITDA		 19.82 20.23 19.11 18.15 18.59 15.72 16.32 16.31 15.35 - 16.37
Debt to NOPAT		 107.44 102.41 97.51 78.25 75.84 62.64 61.67 59.05 54.37 - 57.58
Net Debt to NOPAT		 52.48 47.76 50.63 42.22 45.71 37.27 37.90 39.33 36.41 - 39.19
Long-Term Debt to NOPAT		 37.49 37.05 33.49 28.62 27.59 22.89 23.11 23.16 21.55 - 22.53
Noncontrolling Interest Sharing Ratio		 9.26% 9.36% 9.28% 9.94% 10.26% 10.24% 10.85% 11.46% 11.57% - 11.68%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -48,258 -144,656 -80,966 -36,370 -82,443 -23,054 -805 -40,185 17,790 - -115,496
Operating Cash Flow to CapEx		 -141,855.56% 0.00% -28,610.20% 6,510.64% -23,639.75% 37,412.80% -10,516.95% 2,476.86% 600.90% - -6,348.21%
Free Cash Flow to Firm to Interest Expense		 -2.89 -8.44 -4.51 -2.00 -4.38 -1.25 -0.05 -2.41 1.05 - -6.76
Operating Cash Flow to Interest Expense		 -1.53 -1.65 -1.56 0.34 -2.02 2.55 -2.26 0.34 0.16 - -1.87
Operating Cash Flow Less CapEx to Interest Expense		 -1.53 -1.56 -1.57 0.33 -2.03 2.54 -2.28 0.33 0.13 - -1.90
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 - 0.03
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 958,985 989,019 1,036,522 999,047 1,044,418 1,016,184 1,042,065 1,042,955 1,030,726 - 1,163,191
Invested Capital Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.06 - 0.05
Increase / (Decrease) in Invested Capital		 50,316 146,664 85,098 39,413 85,433 27,165 5,543 43,908 -13,692 - 121,126
Enterprise Value (EV)		 526,149 540,764 0.00 633,242 725,982 725,038 749,609 844,363 863,186 - 972,757
Market Capitalization		 103,812 122,829 0.00 145,857 156,356 179,751 170,464 217,167 241,072 - 251,050
Book Value per Share		 $321.76 $324.13 $319.85 $330.92 $341.82 $346.41 $349.79 $355.05 $360.89 - $367.58
Tangible Book Value per Share		 $321.76 $324.13 $319.85 $330.92 $341.82 $346.41 $349.79 $355.05 $360.89 - $367.58
Total Capital		 958,985 989,019 1,036,522 999,047 1,044,418 1,016,184 1,042,065 1,042,955 1,030,726 - 1,163,191
Total Debt		 841,708 872,114 917,976 879,584 923,218 894,188 917,765 918,859 906,324 - 1,040,409
Total Long-Term Debt		 293,678 315,554 315,232 321,690 335,875 326,844 343,995 360,386 359,307 - 407,040
Net Debt		 411,134 406,732 476,673 474,632 556,373 532,034 563,992 612,043 606,961 - 708,004
Capital Expenditures (CapEx)		 18 -1,581 98 94 161 125 354 229 446 - 502
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 841,708 872,114 917,976 879,584 923,218 894,188 917,765 918,859 906,324 - 1,040,409
Total Depreciation and Amortization (D&A)		 1,512 780 627 646 621 498 506 618 531 - 495
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.52 $5.57 $11.67 $8.73 $8.52 $12.15 $14.25 $11.03 $12.42 $14.25 $17.74
Adjusted Weighted Average Basic Shares Outstanding		 338.70M 340.80M 335.60M 329.80M 324.80M 328.10M 320.80M 313.70M 309.60M 312.70M 303.80M
Adjusted Diluted Earnings per Share		 $5.47 $5.53 $11.58 $8.62 $8.40 $11.94 $14.12 $10.91 $12.25 $14.04 $17.55
Adjusted Weighted Average Diluted Shares Outstanding		 343.90M 345.80M 339.50M 335.50M 330.80M 333.60M 324.50M 318.30M 315M 317.60M 308M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 326.11M 325.56M 322.46M 315.80M 313.91M 312.04M 306.84M 302.72M 299.93M 296.75M 295.01M
Normalized Net Operating Profit after Tax (NOPAT)		 2,058 2,008 4,132 3,043 2,990 4,111 4,738 3,723 4,098 - 5,630
Normalized NOPAT Margin		 17.42% 17.74% 29.07% 23.90% 23.55% 29.64% 31.46% 25.53% 26.99% - 32.68%
Pre Tax Income Margin		 23.32% 19.92% 36.85% 30.76% 31.40% 37.90% 37.49% 34.00% 35.51% - 37.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.16 0.13 0.29 0.22 0.21 0.29 0.34 0.30 0.32 - 0.38
NOPAT to Interest Expense		 0.12 0.12 0.23 0.17 0.16 0.22 0.29 0.22 0.24 - 0.33
EBIT Less CapEx to Interest Expense		 0.16 0.22 0.29 0.21 0.20 0.28 0.32 0.28 0.29 - 0.35
NOPAT Less CapEx to Interest Expense		 0.12 0.21 0.22 0.16 0.15 0.22 0.27 0.21 0.22 - 0.30
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 52.81% 49.19% 45.67% 38.60% 36.22% 31.50% 30.16% 29.94% 29.80% - 31.82%
Augmented Payout Ratio		 133.18% 117.25% 96.12% 105.32% 93.72% 87.54% 103.14% 96.52% 97.94% - 103.77%

Financials Breakdown Chart

Key Financial Trends

Goldman Sachs entered 2026 with solid earnings but a very mixed cash-flow picture. In Q1 2026, net income rose to $5.63 billion from $4.62 billion in Q4 2025 and $4.10 billion in Q3 2025, while revenue improved to $17.23 billion from $13.45 billion in the prior quarter. That said, operating cash flow was sharply negative at -$31.9 billion, mainly because of a large build in operating assets and liabilities. For a bank, that kind of quarter can happen, but it is still a notable flag for investors watching liquidity and working-capital movements.

Profitability remains strong on an earnings basis. Q1 2026 pre-tax income was $6.49 billion, and diluted EPS came in at $17.55, up from $14.04 in Q4 2025 and $12.25 in Q3 2025. Compared with Q1 2025, however, earnings were lower, since diluted EPS had been $14.12 and net income attributable to common shareholders was $4.58 billion. Goldman is still generating substantial profits, but quarterly results appear to be bouncing around rather than moving in a straight line.

Revenue growth was helped by stronger non-interest income and better investment banking activity. Total non-interest income increased to $13.67 billion in Q1 2026 from $9.75 billion in Q4 2025 and $11.33 billion in Q3 2025. Investment banking income also improved to $2.84 billion, up from $2.58 billion in Q4 2025 and $2.66 billion in Q3 2025. That suggests the firm is benefiting from a healthier capital-markets backdrop.

The balance sheet remains enormous and asset-heavy, but leverage is still very significant. Total assets reached $2.06 trillion in Q1 2026, up from $1.81 trillion in Q3 2025 and $1.67 trillion in Q4 2024. Total liabilities were $1.94 trillion, leaving total equity of only $122.8 billion. That structure is normal for a major bank, but it also means the company is highly exposed to funding, market, and liquidity conditions.

Goldman continued returning capital to shareholders. In Q1 2026 it repurchased $5.0 billion of common stock and paid $1.59 billion in dividends. It also repurchased $1.45 billion of preferred equity. That is generally a positive signal for investors, though it also means management is comfortable deploying capital even while operating cash flow is weak.

Key positive takeaways:

  • Q1 2026 net income of $5.63 billion showed the firm remains highly profitable.
  • Revenue rose quarter over quarter to $17.23 billion, helped by stronger non-interest income.
  • Investment banking income improved to $2.84 billion, signaling better capital-markets activity.
  • Diluted EPS increased to $17.55, up from $14.04 in Q4 2025.
  • Goldman continued aggressive buybacks, repurchasing $5.0 billion of common stock in Q1 2026.
  • Retained earnings climbed to $169.3 billion, reflecting long-term cumulative profitability.

Neutral items:

  • Total assets expanded to $2.06 trillion, indicating continued balance-sheet growth.
  • Cash and due from banks rose to $179.5 billion, providing a sizable liquidity cushion.
  • Short-term debt remained very large at $633.4 billion, which is typical for a bank but worth monitoring.
  • Cash interest paid was still elevated at $18.0 billion in Q1 2026.

Negative items:

  • Operating cash flow was deeply negative at -$31.9 billion in Q1 2026.
  • Changes in operating assets and liabilities consumed $40.8 billion of cash.
  • Investing cash flow was also negative at -$56.3 billion, largely due to investment purchases.
  • Net change in cash and equivalents was only $15.3 billion despite strong earnings.
  • Total liabilities rose to $1.94 trillion, keeping leverage high.
  • Net income and EPS were below Q1 2025 levels, showing some year-over-year pressure.

Bottom line: Goldman Sachs looks profitable and active on capital returns, with improving revenue momentum in Q1 2026. But the quarter also featured a very weak operating cash flow number and a highly leveraged balance sheet, so investors should view the stock as a strong earnings franchise with meaningful balance-sheet and funding sensitivity.

06/15/26 12:13 PM ETAI Generated. May Contain Errors.

The Goldman Sachs Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, The Goldman Sachs Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

The Goldman Sachs Group's net income appears to be on an upward trend, with a most recent value of $17.18 billion in 2025, rising from $6.08 billion in 2015. The previous period was $14.28 billion in 2024. See The Goldman Sachs Group's forecast for analyst expectations on what's next for the company.

Over the last 10 years, The Goldman Sachs Group's total revenue changed from $33.82 billion in 2015 to $58.28 billion in 2025, a change of 72.3%.

The Goldman Sachs Group's total liabilities were at $1.68 trillion at the end of 2025, a 8.4% increase from 2024, and a 155.4% increase since 2015.

In the past 10 years, The Goldman Sachs Group's cash and equivalents has ranged from $93.44 billion in 2015 to $261.04 billion in 2021, and is currently $164.26 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:GS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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