GS financial statements

The full income statement, balance sheet, and cash-flow statement for Goldman Sachs Group Inc. (GS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 315.8M2024-09 313.9M2024-12 312.0M2025-03 306.8M2025-06 302.7M2025-09 299.9M2025-12 296.8M2026-03 295.0M2026-06 291.2M-7.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	58.3B YoY+8.9%	53.5B YoY+15.7%	46.3B YoY-2.3%	47.4B YoY-20.2%	59.3B YoY+33.2%
Noninterest income	44.7B YoY-1.6%	45.5B YoY+13.9%	39.9B YoY+0.5%	39.7B YoY-24.9%	52.9B YoY+32.8%
Amortization of intangibles	83.0M YoY-52.8%	176M YoY-74.2%	681M YoY+291.4%	174M YoY+45.0%	120M YoY-18.4%
Noninterest expense	37.5B YoY+11.2%	33.8B YoY-2.1%	34.5B YoY+10.7%	31.2B YoY-2.4%	31.9B YoY+10.2%
Provision for credit losses	-1.11B YoY-182.6%	1.35B YoY+31.1%	1.03B YoY-62.1%	2.71B YoY+660.5%	357M YoY-88.5%
Interest expense	66.8B YoY-8.9%	73.3B YoY+18.0%	62.2B YoY+191.2%	21.3B YoY+277.8%	5.65B YoY-36.8%
Interest & investment income	80.4B YoY-1.3%	81.4B YoY+18.8%	68.5B YoY+136.1%	29.0B YoY+139.5%	12.1B YoY-11.5%
Net interest income	13.6B YoY+68.3%	8.06B YoY+26.8%	6.35B YoY-17.3%	7.68B YoY+18.7%	6.47B YoY+36.2%
Pre-tax income	21.9B YoY+18.8%	18.4B YoY+71.3%	10.7B YoY-20.4%	13.5B YoY-50.1%	27.0B YoY+116.7%
Income tax	4.68B YoY+13.5%	4.12B YoY+85.4%	2.22B YoY-0.1%	2.23B YoY-58.9%	5.41B YoY+79.1%
	17.2B YoY+20.3%	14.3B YoY+67.6%	8.52B YoY-24.4%	11.3B YoY-48.0%	21.6B YoY+128.7%
Preferred dividends	876M YoY+22.2%	717M YoY+19.7%	599M YoY+20.5%	497M YoY+12.2%	443M YoY-18.4%
Net income to common	16.3B YoY+20.5%	13.5B YoY+71.1%	7.91B YoY-26.5%	10.8B YoY-49.1%	21.2B YoY+137.3%
	$51.32 YoY+26.6%	$40.54 YoY+77.3%	$22.87 YoY-23.9%	$30.06 YoY-49.4%	$59.45 YoY+140.3%
EPS (basic)	$51.95 YoY+26.5%	$41.07 YoY+78.2%	$23.05 YoY-24.2%	$30.42 YoY-49.5%	$60.25 YoY+141.6%
	313M YoY-4.7%	328M YoY-3.7%	341M YoY-3.2%	352M YoY+0.5%	351M YoY-1.7%
	318M YoY-4.8%	334M YoY-3.5%	346M YoY-3.4%	358M YoY+0.6%	356M YoY-1.2%
Dividends per share	$14.00 YoY+21.7%	$11.50 YoY+9.5%	$10.50 YoY+16.7%	$9.00 YoY+38.5%	$6.50 YoY+30.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	164B YoY-9.8%	182B YoY-24.6%	242B YoY-0.1%	242B YoY-7.4%	261B YoY+67.5%
	1.81T YoY+8.0%	1.68T YoY+2.1%	1.64T YoY+13.9%	1.44T YoY-1.5%	1.46T YoY+25.9%
Property, plant & equipment	7.47B YoY-6.9%	8.02B YoY-28.6%	11.2B YoY-34.1%	17.1B	—
Operating lease right-of-use	2.05B YoY+4.2%	1.97B YoY-9.4%	2.17B YoY-0.0%	2.17B YoY-5.2%	2.29B YoY+0.5%
Goodwill	5.95B YoY+1.6%	5.85B YoY-1.1%	5.92B YoY-7.2%	6.37B YoY+48.8%	4.29B YoY-1.1%
Intangible assets	842M YoY-0.6%	847M YoY-28.0%	1.18B YoY-41.4%	2.01B YoY+380.6%	418M YoY-33.7%
Short-term & current debt	—	69.7B YoY-8.2%	75.9B YoY+24.6%	61.0B	—
	1.68T YoY+8.4%	1.55T YoY+1.9%	1.52T YoY+15.1%	1.32T YoY-2.2%	1.35T YoY+26.9%
Operating lease liability (total)	2.17B YoY+5.2%	2.06B YoY-7.6%	2.23B YoY+3.6%	2.15B YoY-5.9%	2.29B YoY+0.2%
	125B YoY+2.4%	122B YoY+4.4%	117B YoY-0.2%	117B YoY+6.6%	110B YoY+14.6%
Preferred stock	15.2B YoY+14.3%	13.3B YoY+18.3%	11.2B YoY+4.7%	10.7B YoY+0.0%	10.7B YoY-4.5%
Common stock	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%
Additional paid-in capital	61.9B YoY+0.9%	61.4B YoY+1.9%	60.2B YoY+2.0%	59.0B YoY+4.7%	56.4B YoY+1.3%
Retained earnings	165B YoY+7.7%	153B YoY+6.8%	144B YoY+3.1%	139B YoY+5.7%	132B YoY+16.7%
Treasury stock	121B YoY+11.4%	109B YoY+8.0%	100B YoY+6.1%	94.6B YoY+3.8%	91.1B YoY+6.0%
Accumulated other comprehensive income	-2.26B YoY+16.4%	-2.70B YoY+7.4%	-2.92B YoY+3.1%	-3.01B YoY-45.6%	-2.07B YoY-44.2%
Total liabilities & equity	1.81T YoY+8.0%	1.68T YoY+2.1%	1.64T YoY+13.9%	1.44T YoY-1.5%	1.46T YoY+25.9%
	932M YoY+0.5%	927M YoY+0.5%	923M YoY+0.6%	918M YoY+1.3%	906M YoY+0.5%
	296M YoY-4.6%	311M YoY-3.9%	323M YoY-3.4%	335M YoY+0.4%	334M YoY-3.1%
	297M YoY-4.9%	312M YoY-4.2%	326M YoY-2.9%	335M YoY-0.7%	338M YoY-2.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-45.2B YoY-241.8%	-13.2B YoY-5.0%	-12.6B YoY-244.5%	8.71B YoY+38.3%	6.30B YoY+134.0%
Depreciation & amortization	2.18B YoY-8.8%	2.39B YoY-50.7%	4.86B YoY+97.8%	2.46B YoY+21.8%	2.02B YoY+5.9%
Intangible amortization	83.0M YoY-52.8%	176M YoY-74.2%	681M YoY+291.4%	174M YoY+45.0%	120M YoY-18.4%
Share-based compensation	3.44B YoY+29.4%	2.66B YoY+27.7%	2.08B YoY-48.9%	4.08B YoY+73.9%	2.35B YoY+22.3%
Deferred income taxes	204M YoY+125.5%	-800M YoY+41.2%	-1.36B YoY+43.6%	-2.41B YoY-48340.0%	5.00M YoY+100.6%
	-44.2B YoY+10.9%	-49.6B YoY-186.6%	-17.3B YoY+77.2%	-76.0B YoY-149.3%	-30.5B YoY+11.3%
Capital expenditure	2.06B YoY-1.3%	2.09B YoY-9.7%	2.32B YoY-38.2%	3.75B YoY-19.7%	4.67B YoY-26.0%
Free cash flow	-47.2B YoY-208.6%	-15.3B YoY-2.7%	-14.9B YoY-400.5%	4.96B YoY+204.1%	1.63B YoY+106.6%
Acquisitions	0.00	0.00 YoY+100.0%	-487M YoY-123.0%	2.12B	0.00 YoY-100.0%
Purchases of investments	—	—	40.3B YoY-33.5%	60.5B YoY+51.7%	39.9B YoY-18.0%
Sales/maturities of investments	43.0M YoY-99.7%	12.8B YoY+57.6%	8.13B YoY+32420.0%	25.0M YoY-50.0%	50.0M
Proceeds from sale of PP&E	803M YoY-50.2%	1.61B YoY-50.8%	3.28B YoY+21.1%	2.71B YoY-31.2%	3.93B YoY+32.4%
	66.1B YoY+802.6%	7.32B YoY-73.7%	27.8B YoY-53.4%	59.6B YoY-55.8%	135B YoY+91.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	12.4B YoY+54.5%	8.00B YoY+38.0%	5.80B YoY+65.6%	3.50B YoY-32.7%	5.20B YoY+169.7%
Dividends paid	5.28B YoY+17.3%	4.50B YoY+7.4%	4.19B YoY+13.8%	3.68B YoY+35.1%	2.73B YoY+16.7%
Other financing activities	-82.0M YoY-133.2%	247M YoY-28.2%	344M YoY-4.7%	361M YoY+0.0%	361M YoY-7.9%
Net change in cash	-17.8B YoY+70.0%	-59.5B YoY-23885.9%	-248M YoY+98.7%	-19.2B YoY-118.3%	105B YoY+371.8%
Interest paid	65.5B YoY-9.8%	72.6B YoY+21.0%	60.0B YoY+215.6%	19.0B YoY+244.5%	5.52B YoY-39.3%
Income taxes paid	3.99B YoY+8.6%	3.67B YoY+53.7%	2.39B YoY-47.6%	4.55B YoY-26.5%	6.20B YoY+124.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	261B YoY+46.0%	179B YoY+42.0%	126B YoY+8.2%	116B YoY-10.1%	129B YoY+41.8%
P/E	15.2× YoY+21.3%	12.5× YoY-22.1%	16.1× YoY+91.6%	8.4× YoY+40.3%	6.0× YoY-38.0%
P/S	4.5× YoY+34.0%	3.3× YoY+20.8%	2.8× YoY+17.4%	2.4× YoY+8.0%	2.2× YoY+6.5%
P/B	2.1× YoY+42.5%	1.5× YoY+36.5%	1.1× YoY+10.0%	1.0× YoY-17.1%	1.2× YoY+23.7%
P/FCF	—	—	—	1.7× YoY-97.8%	79.3×
	6.6% YoY-17.6%	8.0% YoY+28.3%	6.2% YoY-47.8%	11.9% YoY-28.7%	16.7% YoY+61.3%
	—	—	—	58.5% YoY+4537.2%	1.3%
	1.6% YoY-20.7%	2.0% YoY-26.2%	2.7% YoY+3.8%	2.6% YoY+54.3%	1.7% YoY-10.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GS filings on SEC EDGAR → Not investment advice.