GOLDMAN SACHS GROUP INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), GOLDMAN SACHS GROUP INC reported revenue of $58.3B (+8.9% year on year) and net income of $17.2B (+20.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment banking | $9.3B | $7.7B | $6.2B | $7.4B |
| Investment management | $11.7B | $10.6B | $9.5B | $9.0B |
| Commissions and fees | $4.0B | $4.1B | $3.8B | $4.0B |
| Market making | $18.0B | $18.4B | $18.2B | $18.6B |
| Other principal transactions | $1.6B | $4.6B | $2.1B | $654.0M |
| Total non-interest revenues | $44.7B | $45.5B | $39.9B | $39.7B |
| Interest income | $80.4B | $81.4B | $68.5B | $29.0B |
| Interest expense | $66.8B | $73.3B | $62.2B | $21.3B |
| Net interest income | $13.6B | $8.1B | $6.4B | $7.7B |
| Total net revenues | $58.3B | $53.5B | $46.3B | $47.4B |
| Provision for credit losses | ($1.1B) | $1.3B | $1.0B | $2.7B |
| Compensation and benefits | $18.9B | $16.7B | $15.5B | $15.1B |
| Transaction based | $8.0B | $6.7B | $5.7B | $5.3B |
| Market development | $710.0M | $646.0M | $629.0M | $812.0M |
| Communications and technology | $2.2B | $2.0B | $1.9B | $1.8B |
| Depreciation and amortization | $2.2B | $2.4B | $4.9B | $2.5B |
| Occupancy | $958.0M | $973.0M | $1.1B | $1.0B |
| Professional fees | $1.8B | $1.7B | $1.6B | $1.9B |
| Other expenses | $2.9B | $2.7B | $3.2B | $2.7B |
| Total operating expenses | $37.5B | $33.8B | $34.5B | $31.2B |
| Pre-tax earnings | $21.9B | $18.4B | $10.7B | $13.5B |
| Provision for taxes | $4.7B | $4.1B | $2.2B | $2.2B |
| Net earnings | $17.2B | $14.3B | $8.5B | $11.3B |
| Preferred stock dividends | $876.0M | $751.0M | $609.0M | $497.0M |
| Net earnings applicable to common shareholders | $16.3B | $13.5B | $7.9B | $10.8B |
| Basic (in dollars per share) | $51.95 | $41.07 | $23.05 | $30.42 |
| Diluted (in dollars per share) | $51.32 | $40.54 | $22.87 | $30.06 |
| Basic (in shares) | 312.7M | 328.1M | 340.8M | 352.1M |
| Diluted (in shares) | 317.6M | 333.6M | 345.8M | 358.1M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Investment banking | $3.4B | $2.8B | $2.7B | $2.2B |
| Investment management | $3.4B | $3.2B | $3.0B | $2.8B |
| Commissions and fees | $1.5B | $1.3B | $1.1B | $1.2B |
| Market making | $7.6B | $5.5B | $3.9B | $4.7B |
| Other principal transactions | $444.0M | $862.0M | $743.0M | $514.0M |
| Total non-interest revenues | $16.4B | $13.7B | $11.3B | $11.5B |
| Interest income | $22.0B | $20.6B | $20.8B | $19.8B |
| Interest expense | $18.1B | $17.1B | $17.0B | $16.7B |
| Net interest income | $4.0B | $3.6B | $3.9B | $3.1B |
| Total net revenues | $20.3B | $17.2B | $15.2B | $14.6B |
| Provision for credit losses | $102.0M | $315.0M | $339.0M | $384.0M |
| Compensation and benefits | $6.1B | $5.4B | $4.7B | $4.7B |
| Transaction based | $3.1B | $2.5B | $2.0B | $2.0B |
| Market development | $198.0M | $186.0M | $171.0M | $167.0M |
| Communications and technology | $635.0M | $583.0M | $545.0M | $530.0M |
| Depreciation and amortization | $509.0M | $495.0M | $531.0M | $618.0M |
| Occupancy | $244.0M | $254.0M | $242.0M | $234.0M |
| Professional fees | $372.0M | $379.0M | $432.0M | $440.0M |
| Other expenses | $559.0M | $602.0M | $884.0M | $612.0M |
| Total operating expenses | $11.7B | $10.4B | $9.5B | $9.2B |
| Pre-tax earnings/(loss) | $8.6B | $6.5B | $5.4B | $5.0B |
| Provision for taxes | $1.9B | $856.0M | $1.3B | $1.2B |
| Net earnings | $6.6B | $5.6B | $4.1B | $3.7B |
| Preferred stock dividends | $229.0M | $227.0M | $238.0M | $250.0M |
| Net earnings applicable to common shareholders | $6.4B | $5.4B | $3.9B | $3.5B |
| Basic (in dollars per share) | $21.27 | $17.74 | $12.42 | $11.03 |
| Diluted (in dollars per share) | $20.98 | $17.55 | $12.25 | $10.91 |
| Basic (in shares) | 300.1M | 303.8M | 309.6M | 313.7M |
| Diluted (in shares) | 304.9M | 308.0M | 315.0M | 318.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $164.3B | $182.1B | $241.6B | $241.8B |
| Securities purchased under agreements to resell (includes $126,007 and $179,793 at fair value) | $126.0B | $180.1B | $223.8B | $225.1B |
| Securities borrowed (includes $51,581 and $46,902 at fair value) | $208.2B | $194.6B | $199.4B | $189.0B |
| Customer and other receivables (includes $315 and $23 at fair value) | $185.8B | $133.7B | $132.5B | — |
| Trading assets (at fair value and includes $158,641 and $148,417 pledged as collateral) | $656.8B | $570.6B | $477.5B | — |
| Available-for-sale securities (at fair value; amortized cost of $99,116 and $80,777) | $99.2B | $79.5B | — | — |
| Held-to-maturity securities | $69.2B | $78.7B | — | — |
| Other investments (includes $24,938 and $25,284 at fair value) | $25.8B | $26.3B | — | — |
| Loans (net of allowance of $2,148 and $4,666, and includes $4,905 and $5,460 at fair value) | $237.7B | $196.2B | $183.4B | $179.3B |
| Other assets (includes $180 and $194 at fair value) | $36.2B | $34.2B | $36.6B | $39.2B |
| Total assets | $1.8T | $1.7T | $1.6T | $1.4T |
| Deposits (includes $76,569 and $44,855 at fair value) | $501.4B | $433.0B | $428.4B | $386.7B |
| Securities sold under agreements to repurchase (at fair value) | $223.4B | $274.4B | $249.9B | $110.3B |
| Securities loaned (includes $11,995 and $10,246 at fair value) | $53.6B | $56.1B | $60.5B | $30.7B |
| Other secured financings (includes $27,833 and $27,985 at fair value) | $28.0B | $28.1B | $13.2B | $13.9B |
| Customer and other payables | $231.9B | $223.3B | $230.7B | $262.0B |
| Trading liabilities (at fair value) | $262.6B | $202.6B | $200.4B | $191.3B |
| Unsecured short-term borrowings | $70.5B | $69.7B | $75.9B | $61.0B |
| Unsecured long-term borrowings (includes $112,683 and $89,189 at fair value) | $285.5B | $242.6B | $241.9B | $247.1B |
| Other liabilities (includes $111 and $84 at fair value) | $27.5B | $24.2B | $23.8B | $21.5B |
| Total liabilities | $1.7T | $1.6T | $1.5T | $1.3T |
| Preferred stock; aggregate liquidation preference of $15,153 and $13,253 | $15.2B | $13.3B | $11.2B | $10.7B |
| Common stock; 931,995,446 and 927,499,667 shares issued, and 296,476,742 and 310,653,708 shares outstanding | 9.0M | 9.0M | 9.0M | 9.0M |
| Share-based awards | $5.8B | $5.1B | $5.1B | $5.7B |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $61.9B | $61.4B | $60.2B | $59.0B |
| Retained earnings | $165.3B | $153.4B | $143.7B | $139.4B |
| Accumulated other comprehensive loss | ($2.3B) | ($2.7B) | ($2.9B) | ($3.0B) |
| Stock held in treasury, at cost; 635,518,706 and 616,845,961 shares | -120.9B | -108.5B | -100.4B | -94.6B |
| Total shareholders’ equity | $125.0B | $122.0B | $116.9B | $117.2B |
| Total liabilities and shareholders’ equity | $1.8T | $1.7T | $1.6T | $1.4T |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $187.3B | $179.5B | $169.6B | $153.0B |
| Securities purchased under agreements to resell (includes $121,206 and $126,007 at fair value) | $121.2B | $152.9B | $129.8B | $153.8B |
| Securities borrowed (includes $61,756 and $51,581 at fair value) | $244.6B | $233.1B | $217.7B | $213.3B |
| Customer and other receivables (includes $292 and $315 at fair value) | $230.3B | $209.5B | $176.6B | $181.5B |
| Trading assets (at fair value and includes $185,318 and $158,641 pledged as collateral) | $789.1B | $758.0B | $652.6B | $628.1B |
| Available-for-sale securities (at fair value; amortized cost of $156,636 and $99,116) | $155.6B | $137.0B | $104.0B | $103.4B |
| Held-to-maturity securities | $74.7B | $74.9B | $73.6B | $72.6B |
| Other investments (includes $24,343 and $24,938 at fair value) | $25.3B | $25.7B | $26.2B | $26.4B |
| Loans (net of allowance of $2,188 and $2,148, and includes $4,640 and $4,905 at fair value) | $260.9B | $252.8B | $222.4B | $217.2B |
| Other assets (includes $202 and $180 at fair value) | $38.7B | $36.7B | $35.6B | $35.7B |
| Total assets | $2.1T | $2.1T | $1.8T | $1.8T |
| Deposits (includes $90,249 and $76,569 at fair value) | $558.0B | $561.3B | $490.2B | $466.1B |
| Securities sold under agreements to repurchase (at fair value) | $266.9B | $259.5B | $217.8B | $230.2B |
| Securities loaned (includes $12,871 and $11,995 at fair value) | $55.6B | $55.3B | $57.6B | $58.6B |
| Other secured financings (includes $34,865 and $27,833 at fair value) | $35.1B | $36.3B | $24.8B | $21.9B |
| Customer and other payables | $300.1B | $293.0B | $256.8B | $259.3B |
| Trading liabilities (at fair value) | $323.8B | $312.2B | $261.8B | $253.2B |
| Unsecured short-term borrowings | $89.9B | $80.9B | $72.4B | $69.0B |
| Unsecured long-term borrowings (includes $144,703 and $112,683 at fair value) | $348.0B | $315.4B | $276.9B | $280.0B |
| Other liabilities (includes $264 and $111 at fair value) | $27.7B | $23.5B | $25.2B | $22.7B |
| Total liabilities | $2.0T | $1.9T | $1.7T | $1.7T |
| Preferred stock; aggregate liquidation preference of $13,028 and $15,153 | $13.0B | $13.7B | $15.2B | $15.2B |
| Common stock; 936,341,620 and 931,995,446 shares issued, and 291,442,355 and 296,476,742 shares outstanding | 9.0M | 9.0M | 9.0M | 9.0M |
| Share-based awards | $6.0B | $5.8B | $5.6B | $5.4B |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $62.1B | $61.8B | $61.9B | $61.9B |
| Retained earnings | $174.4B | $169.3B | $162.1B | $159.5B |
| Accumulated other comprehensive loss | ($2.9B) | ($1.9B) | ($2.5B) | ($2.0B) |
| Stock held in treasury, at cost; 644,899,267 and 635,518,706 shares | -130.0B | -125.9B | -117.9B | -115.9B |
| Total shareholders’ equity | $122.7B | $122.8B | $124.4B | $124.1B |
| Total liabilities and shareholders’ equity | $2.1T | $2.1T | $1.8T | $1.8T |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $17.2B | $14.3B | $8.5B | $11.3B |
| Depreciation and amortization | $2.2B | $2.4B | $4.9B | $2.5B |
| Deferred income taxes | $204.0M | ($800.0M) | ($1.4B) | ($2.4B) |
| Share-based compensation | $3.4B | $2.7B | $2.1B | $4.1B |
| Provision for credit losses | ($1.1B) | $1.3B | $1.0B | $2.7B |
| Customer and other receivables and payables, net | ($43.2B) | ($8.4B) | ($28.2B) | $35.0B |
| Collateralized transactions (excluding other secured financings), net | ($12.9B) | $68.6B | $160.2B | ($101.0B) |
| Trading assets | ($69.9B) | ($87.0B) | ($163.8B) | $45.3B |
| Trading liabilities | $57.6B | ($212.0M) | $5.8B | $8.1B |
| Loans held for sale, net | ($504.0M) | $537.0M | $1.6B | $3.2B |
| Other, net | $1.9B | ($6.6B) | ($3.3B) | $87.0M |
| Net cash used for operating activities | ($45.2B) | ($13.2B) | ($12.6B) | $8.7B |
| Purchase of property, leasehold improvements and equipment | ($2.1B) | ($2.1B) | ($2.3B) | ($3.7B) |
| Proceeds from sales of property, leasehold improvements and equipment | $803.0M | $1.6B | $3.3B | $2.7B |
| Net cash received from business dispositions | $1.5B | $3.6B | — | — |
| Purchases | ($77.4B) | ($60.9B) | — | — |
| Proceeds from sales | $61.3B | $19.0B | — | — |
| Proceeds from paydowns and maturities | $43.0M | $12.8B | — | — |
| Purchases | ($11.3B) | ($23.0B) | — | — |
| Proceeds from paydowns and maturities | $21.7B | $15.5B | — | — |
| Purchases | ($9.4B) | ($8.2B) | — | — |
| Proceeds from sales, paydowns and maturities | $9.9B | $9.0B | — | — |
| Loans (excluding loans held for sale), net | ($39.3B) | ($17.0B) | ($5.4B) | ($25.2B) |
| Net cash used for investing activities | ($44.2B) | ($49.6B) | ($17.3B) | ($76.0B) |
| Unsecured short-term borrowings, net | $3.0B | $934.0M | $2.0B | $321.0M |
| Other secured financings (short-term), net | ($3.9B) | $13.7B | $673.0M | ($2.3B) |
| Proceeds from issuance of other secured financings (long-term) | $6.5B | $5.2B | $3.0B | $1.8B |
| Repayment of other secured financings (long-term), including the current portion | ($3.3B) | ($2.0B) | ($3.6B) | ($3.4B) |
| Proceeds from issuance of unsecured long-term borrowings | $88.2B | $67.3B | $47.2B | $84.5B |
| Repayment of unsecured long-term borrowings, including the current portion | ($71.5B) | ($74.5B) | ($54.1B) | ($42.8B) |
| Derivative contracts with a financing element, net | $2.3B | $2.4B | $3.3B | $1.8B |
| Deposits, net | $62.8B | $5.9B | $39.7B | $28.1B |
| Preferred stock redemption | $0 | ($2.2B) | ($1.0B) | $0 |
| Common stock repurchased | ($12.4B) | ($8.0B) | ($5.8B) | ($3.5B) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | ($2.2B) | ($1.3B) | ($1.3B) | ($1.6B) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | ($5.3B) | ($4.5B) | ($4.2B) | ($3.7B) |
| Proceeds from issuance of preferred stock, net of issuance costs | $1.9B | $4.2B | $1.5B | $0 |
| Other financing, net | ($82.0M) | $247.0M | $344.0M | $361.0M |
| Net cash provided by financing activities | $66.1B | $7.3B | $27.8B | $59.6B |
| Effect of exchange rate changes on cash and cash equivalents | $5.4B | ($4.0B) | $1.9B | ($11.6B) |
| Net decrease in cash and cash equivalents | ($17.8B) | ($59.5B) | ($248.0M) | ($19.2B) |
| Cash and cash equivalents, beginning balance | $182.1B | $241.6B | $241.8B | $261.0B |
| Cash and cash equivalents, ending balance | $164.3B | $182.1B | $241.6B | $241.8B |
| Cash payments for interest, net of capitalized interest | $65.5B | $72.6B | $60.0B | $19.0B |
| Cash payments for income taxes, net | $4.0B | $3.7B | $2.4B | $4.6B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net earnings | $12.3B | $5.6B | $12.6B | $8.5B |
| Depreciation and amortization | $1.0B | $495.0M | $1.7B | $1.1B |
| Deferred income taxes | ($488.0M) | ($47.0M) | ($153.0M) | ($202.0M) |
| Share-based compensation | $3.0B | $2.5B | $3.2B | $3.0B |
| Provision for credit losses | $417.0M | $315.0M | $1.0B | $671.0M |
| Customer and other receivables and payables, net | $23.9B | $36.2B | ($10.6B) | ($11.7B) |
| Collateralized transactions (excluding other secured financings), net | $13.7B | ($14.0B) | ($27.8B) | ($34.1B) |
| Trading assets | ($132.6B) | ($104.0B) | ($66.9B) | ($47.6B) |
| Trading liabilities | $56.4B | $48.6B | $58.1B | $49.8B |
| Loans held for sale, net | ($2.3B) | ($2.0B) | ($629.0M) | ($1.3B) |
| Other, net | ($970.0M) | ($5.5B) | $649.0M | $311.0M |
| Net cash used for operating activities | ($25.8B) | ($31.9B) | ($28.9B) | ($31.6B) |
| Purchase of property, leasehold improvements and equipment | ($1.1B) | ($565.0M) | ($1.5B) | ($975.0M) |
| Proceeds from sales of property, leasehold improvements and equipment | $209.0M | $63.0M | $504.0M | $392.0M |
| Net cash used for business acquisitions | ($1.8B) | ($359.0M) | $1.5B | $0 |
| Purchases | ($84.2B) | ($62.3B) | ($61.8B) | ($53.1B) |
| Proceeds from sales | $26.0B | $24.2B | $41.0B | $32.1B |
| Proceeds from paydowns and maturities | $209.0M | $90.0M | $1.0M | $1.0M |
| Purchases | ($13.6B) | ($9.3B) | ($10.0B) | ($5.8B) |
| Proceeds from paydowns and maturities | $8.6B | $4.6B | $17.0B | $12.4B |
| Purchases | ($5.2B) | ($2.6B) | ($6.4B) | ($4.4B) |
| Proceeds from sales, paydowns and maturities | $6.2B | $2.9B | $6.6B | $4.5B |
| Loans (excluding loans held for sale), net | ($20.3B) | ($13.0B) | ($26.0B) | ($19.2B) |
| Net cash used for investing activities | ($84.9B) | ($56.3B) | ($39.2B) | ($34.1B) |
| Unsecured short-term borrowings, net | $12.1B | $7.2B | $3.2B | $3.9B |
| Other secured financings (short-term), net | $10.9B | $7.2B | ($5.4B) | ($7.0B) |
| Proceeds from issuance of other secured financings (long-term) | $5.1B | $651.0M | $3.8B | $1.2B |
| Repayment of other secured financings (long-term), including the current portion | ($3.3B) | ($73.0M) | ($2.6B) | ($1.3B) |
| Proceeds from issuance of unsecured long-term borrowings | $108.5B | $58.2B | $61.4B | $51.1B |
| Repayment of unsecured long-term borrowings, including the current portion | ($40.8B) | ($20.4B) | ($50.2B) | ($36.2B) |
| Derivative contracts with a financing element, net | $2.5B | $1.2B | $877.0M | $634.0M |
| Deposits, net | $57.6B | $60.8B | $51.8B | $27.2B |
| Preferred stock redemption | ($2.1B) | ($1.4B) | $0 | $0 |
| Common stock repurchased | ($9.0B) | ($5.0B) | ($9.4B) | ($7.4B) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | ($2.9B) | ($2.6B) | ($2.2B) | ($2.1B) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | ($3.2B) | ($1.6B) | ($3.8B) | ($2.3B) |
| Proceeds from issuance of preferred stock, net of issuance costs | $0 | $0 | $1.9B | $1.9B |
| Other financing, net | ($106.0M) | ($7.0M) | ($77.0M) | ($67.0M) |
| Net cash provided by financing activities | $135.2B | $104.3B | $49.3B | $29.6B |
| Effect of exchange rate changes on cash and cash equivalents | ($1.6B) | ($848.0M) | $6.2B | $7.0B |
| Net increase/(decrease) in cash and cash equivalents | $23.0B | $15.3B | ($12.5B) | ($29.1B) |
| Cash and cash equivalents, beginning balance | $164.3B | $164.3B | $182.1B | $182.1B |
| Cash and cash equivalents, ending balance | $187.3B | $179.5B | $169.6B | $153.0B |
| Cash payments for interest, net of capitalized interest | $34.5B | $18.0B | $49.8B | $33.0B |
GOLDMAN SACHS GROUP INC score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.