The Goldman Sachs Group, Inc. (GS) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Goldman Sachs financial statements at a glance

Goldman Sachs reported revenue of $58.28 billion for fiscal year 2025 (ended December 31, 2025), up 8.9% from fiscal year 2024. Net income was $16.30 billion, a net margin of 28.0%, and diluted earnings per share were $51.32.

At the end of fiscal year 2025 it had total assets of $1.81 trillion, total liabilities of $1.68 trillion and shareholders' equity of $124.97 billion, with cash of $164.26 billion and total debt of $386.15 billion.

Its operations brought in -$45.15 billion of cash; capital spending was $2.06 billion, leaving free cash flow of -$47.22 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

GS logo

The Goldman Sachs Group, Inc.

GSUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
58.28B
Prev Year: 53.51B
YoY: +8.9%
Operating Revenue
58.28B
Occupancy And Equipment
958.00M
Prev Year: 973.00M
YoY: -1.5%
Professional and Contract Services Expense
1.77B
Prev Year: 1.65B
YoY: +7.1%
Other Noninterest Expense
12.62B
Prev Year: 10.93B
YoY: +15.4%
Provision for Credit Losses
-
Prev Year: -1.35B
Selling General and Administrative
19.62B
Prev Year: 17.35B
YoY: +13.0%
General and Administrative Expense
18.91B
Prev Year: 16.71B
YoY: +13.2%
Salaries and Wages
18.91B
Prev Year: 16.71B
YoY: +13.2%
Selling and Marketing Expense
710.00M
Prev Year: 646.00M
YoY: +9.9%
Depreciation Amortization Depletion
2.18B
Prev Year: 2.39B
YoY: -8.8%
Depreciation and amortization
2.18B
Prev Year: 2.39B
YoY: -8.8%
Non Interest Expense
-
Prev Year: 33.30B
Special Income Charges
-399.00M
Prev Year: -465.00M
YoY: +14.2%
Pre-tax Income
21.85B
Prev Year: 18.40B
YoY: +18.8%
Provision for Income Taxes
4.68B
Prev Year: 4.12B
YoY: +13.5%
Net Income Common Stockholders
16.30B
Prev Year: 13.53B
YoY: +20.5%
Net Income
17.18B
Prev Year: 14.28B
YoY: +20.3%
Net Income Including Non-Controlling Interests
17.18B
Prev Year: 14.28B
YoY: +20.3%
Net Income from Continuing Operations
17.18B
Prev Year: 14.28B
YoY: +20.3%
Diluted NI Available to Com Stockholders
16.30B
Prev Year: 13.53B
YoY: +20.5%
Basic EPS
51.95
Prev Year: 41.165
YoY: +26.2%
Diluted EPS
51.32
Prev Year: 40.54
YoY: +26.6%
Weighted Average Shares (basic)
312.70M
Prev Year: 328.10M
YoY: -4.7%
Weighted Average Shares (diluted)
317.60M
Prev Year: 333.60M
YoY: -4.8%
Net Income from Continuing and Discontinued Operation
17.18B
Prev Year: 14.28B
YoY: +20.3%
Normalized Income
17.49B
Prev Year: 14.64B
YoY: +19.5%
Interest Income After Provision for Loan Loss
-
Prev Year: 6.71B
Interest Expense
66.81B
Prev Year: 73.34B
YoY: -8.9%
Net Interest Income
13.56B
Prev Year: 8.06B
YoY: +68.3%
Reconciled Depreciation
2.18B
Prev Year: 2.39B
YoY: -8.8%
Total Money Market Investments
-
Prev Year: 29.18B
Net Income from Continuing Operation Net Minority Interest
17.18B
Prev Year: 14.28B
YoY: +20.3%
Total Unusual Items Excluding Goodwill
-399.00M
Prev Year: -465.00M
YoY: +14.2%
Total Unusual Items
-399.00M
Prev Year: -465.00M
YoY: +14.2%
Tax Rate for Calcs
0.214
Prev Year: 0
Tax Effect of Unusual Items
-85.38M
Prev Year: -104.16M
YoY: +18.0%
Interest Income
80.37B
Prev Year: 81.40B
YoY: -1.3%
Preferred Stock Dividends
876.00M
Prev Year: 751.00M
YoY: +16.6%
Other Special Charges
215.00M
Prev Year: 237.00M
YoY: -9.3%
Impairment of Capital Assets
184.00M
Prev Year: 228.00M
YoY: -19.3%
Values in USD

Goldman Sachs key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$58.3B$53.5B$46.3B$47.4B$59.3B
Net income$16.3B$13.5B$7.9B$10.8B$21.2B
Diluted EPS$51.32$40.54$22.87$30.06$59.45
Total assets$1.8T$1.7T$1.6T$1.4T$1.5T
Total liabilities$1.7T$1.6T$1.5T$1.3T$1.4T
Shareholders' equity$125.0B$122.0B$116.9B$117.2B$109.9B
Cash$164.3B$182.1B$241.6B$241.8B$261.0B
Total debt$386.2B$342.6B$333.2B$324.2B$321.9B
Operating cash flow-$45.2B-$13.2B-$12.6B$8.7B$6.3B
Capital spending$2.1B$2.1B$2.3B$3.7B$4.7B
Free cash flow-$47.2B-$15.3B-$14.9B$5.0B$1.6B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Goldman Sachs's revenue in fiscal year 2025?

$58.28 billion, up 8.9% from $53.51 billion in fiscal year 2024.

How much profit does Goldman Sachs make?

Goldman Sachs reported net income of $16.30 billion for fiscal year 2025 (28.0% of revenue).

How much cash and debt does Goldman Sachs have?

At the end of fiscal year 2025: cash of $164.26 billion and total debt of $386.15 billion.

What is Goldman Sachs's free cash flow?

-$47.22 billion in fiscal year 2025 (operating cash flow of -$45.15 billion minus capital spending of $2.06 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
LinkedInLinkedInXXYouTubeYouTube