8-K Announcements
1Apr 13, 2026·SEC
The Goldman Sachs Group, Inc. (GS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
The Goldman Sachs Group, Inc. (GS) stock price & volume — 10-year historical chart
The Goldman Sachs Group, Inc. (GS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
The Goldman Sachs Group, Inc. (GS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 13, 2026 | $17.55vs $16.47+6.6% | $17.2Bvs $17.0B+1.4% |
| Q1 2026 | Jan 21, 2026 | $11.95vs $11.52+3.7% | $30.1B |
| Q1 2026 | Jan 15, 2026 | $14.01vs $11.70+19.7% | $13.5Bvs $14.5B-7.3% |
| Q4 2025 | Oct 14, 2025 | $12.25vs $11.03+11.1% | $15.2Bvs $14.1B+7.5% |
The Goldman Sachs Group, Inc. (GS) competitors in Investment Banking and M&A Advisory — business model, growth, and fundamentals comparison
The Goldman Sachs Group, Inc. (GS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
The Goldman Sachs Group, Inc. (GS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 2.59B | 2.93B | 3.77B | 4.36B | 4.75B | 6.47B | 7.68B | 6.35B | 8.06B | 11.43B |
| NII Growth % | -15.57% | 13.34% | 28.48% | 15.8% | 8.92% | 36.18% | 18.67% | -17.28% | 26.85% | 231.76% |
| Net Interest Margin % | 0.3% | 0.32% | 0.4% | 0.44% | 0.41% | 0.44% | 0.53% | 0.39% | 0.48% | 0.63% |
| Interest Income | 9.69B | 13.11B | 19.68B | 21.74B | 13.69B | 12.12B | 29.02B | 68.52B | 81.4B | 79.95B |
| Interest Expense | 7.1B | 10.18B | 15.91B | 17.38B | 8.94B | 5.65B | 21.35B | 62.16B | 73.34B | 68.51B |
| Loan Loss Provision | 182M | 657M | 674M | 1.06B | 3.1B | 357M | 2.71B | 1.03B | 1.35B | 1.36B |
| Non-Interest Income | 28.2B | 29.68B | 32.69B | 32.16B | 39.81B | 52.87B | 39.69B | 39.9B | 45.46B | 47.26B |
| Non-Interest Income % | 74.43% | 69.36% | 62.42% | 59.67% | 74.41% | 81.35% | 57.76% | 36.8% | 35.83% | 37.15% |
| Total Revenue | 37.89B▲ 0% | 42.8B▲ 12.9% | 52.37B▲ 22.4% | 53.9B▲ 2.9% | 53.5B▼ 0.8% | 64.99B▲ 21.5% | 68.71B▲ 5.7% | 108.42B▲ 57.8% | 126.85B▲ 17.0% | 127.21B▲ 0% |
| Revenue Growth % | -3.27% | 12.94% | 22.36% | 2.93% | -0.75% | 21.48% | 5.73% | 57.79% | 17% | 12.94% |
| Non-Interest Expense | 20.3B | 20.83B | 23.3B | 24.88B | 28.98B | 31.94B | 31.16B | 34.49B | 33.77B | 36.08B |
| Efficiency Ratio | 53.58% | 48.66% | 44.49% | 46.15% | 54.18% | 49.14% | 45.36% | 31.81% | 26.62% | 28.36% |
| Operating Income | 10.3B▲ 0% | 11.13B▲ 8.0% | 12.48B▲ 12.1% | 10.58B▼ 15.2% | 12.48B▲ 17.9% | 27.04B▲ 116.7% | 13.49B▼ 50.1% | 10.74B▼ 20.4% | 18.4B▲ 71.3% | 21.25B▲ 0% |
| Operating Margin % | 27.19% | 26.01% | 23.83% | 19.63% | 23.33% | 41.61% | 19.63% | 9.91% | 14.5% | 16.71% |
| Operating Income Growth % | 17.38% | 8.04% | 12.12% | -15.21% | 17.92% | 116.72% | -50.13% | -20.37% | 71.31% | - |
| Pretax Income | 10.3B▲ 0% | 11.13B▲ 8.0% | 12.48B▲ 12.1% | 10.58B▼ 15.2% | 12.48B▲ 17.9% | 27.04B▲ 116.7% | 13.49B▼ 50.1% | 10.74B▼ 20.4% | 18.4B▲ 71.3% | 21.25B▲ 0% |
| Pretax Margin % | 27.19% | 26.01% | 23.83% | 19.63% | 23.33% | 41.61% | 19.63% | 9.91% | 14.5% | 16.71% |
| Income Tax | 2.91B | 6.85B | 2.02B | 2.12B | 3.02B | 5.41B | 2.23B | 2.22B | 4.12B | 4.58B |
| Effective Tax Rate % | 28.2% | 61.5% | 16.2% | 20% | 24.2% | 20% | 16.5% | 20.7% | 22.4% | 21.57% |
| Net Income | 7.4B▲ 0% | 4.29B▼ 42.1% | 10.46B▲ 144.0% | 8.47B▼ 19.1% | 9.46B▲ 11.7% | 21.64B▲ 128.7% | 11.26B▼ 48.0% | 8.52B▼ 24.4% | 14.28B▲ 67.6% | 16.67B▲ 0% |
| Net Margin % | 19.52% | 10.01% | 19.97% | 15.71% | 17.68% | 33.29% | 16.39% | 7.85% | 11.25% | 13.1% |
| Net Income Growth % | 21.62% | -42.07% | 144.03% | -19.06% | 11.73% | 128.72% | -47.95% | -24.38% | 67.64% | 36.94% |
| Net Income (Continuing) | 7.4B | 4.29B | 10.46B | 8.47B | 9.46B | 21.64B | 11.26B | 8.52B | 14.28B | 16.67B |
| EPS (Diluted) | 17.00▲ 0% | 9.01▼ 47.0% | 25.27▲ 180.5% | 21.03▼ 16.8% | 24.74▲ 17.6% | 59.45▲ 140.3% | 30.06▼ 49.4% | 22.87▼ 23.9% | 40.54▲ 77.3% | 52.92▲ 0% |
| EPS Growth % | 40.03% | -47% | 180.47% | -16.78% | 17.64% | 140.3% | -49.44% | -23.92% | 77.26% | 44.36% |
| EPS (Basic) | 17.00 | 9.12 | 25.53 | 21.25 | 25.01 | 60.35 | 30.57 | 23.05 | 41.22 | - |
| Diluted Shares Outstanding | 435.1M | 409.1M | 390.2M | 375.5M | 360.3M | 355.8M | 358.1M | 345.8M | 333.6M | 315M |
The Goldman Sachs Group, Inc. (GS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 238.64B | 230.87B | 505.15B | 529.35B | 588.48B | 778.72B | 721.95B | 924.95B | 921.83B | 2.53T |
| Cash & Due from Banks | 121.71B | 110.05B | 130.55B | 133.55B | 155.84B | 261.04B | 241.82B | 241.58B | 182.09B | 169B |
| Short Term Investments | 116.92B | 120.82B | 374.61B | 395.8B | 432.63B | 517.68B | 480.13B | 683.37B | 739.74B | 347B |
| Total Investments | 463.28B | 503.55B | 565.58B | 615.3B | 710.12B | 832.47B | 841.82B | 1.04T | 1.14T | 1.2T |
| Investments Growth % | -6.2% | 8.69% | 12.32% | 8.79% | 15.41% | 17.23% | 1.12% | 23.13% | 9.59% | -35.02% |
| Long-Term Investments | 346.35B | 382.72B | 190.97B | 219.5B | 277.49B | 314.79B | 361.69B | 353.19B | 396.26B | 2.15T |
| Accounts Receivables | 47.78B | 84.79B | 72.45B | 74.61B | 121.33B | 160.67B | 135.45B | 132.5B | 133.72B | 142B |
| Goodwill & Intangibles | 4.09B | 4.04B | 4.08B | 4.84B | 4.96B | 4.7B | 8.38B | 7.09B | 6.7B | 27B |
| Goodwill | 3.67B | 3.67B | 3.76B | 4.2B | 4.33B | 4.29B | 6.37B | 5.92B | 5.85B | 18B |
| Intangible Assets | 429M | 373M | 324M | 641M | 630M | 418M | 2.01B | 1.18B | 847M | 9B |
| PP&E (Net) | 12.07B | 15.09B | 18.32B | 24.25B | 25.43B | 20.39B | 19.25B | 13.41B | 9.99B | 36B |
| Other Assets | 183.87B | 190.04B | 134.22B | 134.63B | 138.29B | 175.2B | 183.5B | 194.37B | 189.98B | 195B |
| Total Current Assets | 313.78B | 324.88B | 584.21B | 609.75B | 716.86B | 948.91B | 868.98B | 1.07T | 1.07T | 693B |
| Total Non-Current Assets | 546.39B | 591.9B | 347.59B | 383.22B | 446.16B | 515.08B | 572.82B | 568.07B | 602.93B | 1.11T |
| Total Assets | 860.16B▲ 0% | 916.78B▲ 6.6% | 931.8B▲ 1.6% | 992.97B▲ 6.6% | 1.16T▲ 17.1% | 1.46T▲ 25.9% | 1.44T▼ 1.5% | 1.64T▲ 13.9% | 1.68T▲ 2.1% | 1.81T▲ 0% |
| Asset Growth % | -0.14% | 6.58% | 1.64% | 6.57% | 17.13% | 25.88% | -1.52% | 13.86% | 2.09% | 18.67% |
| Return on Assets (ROA) | 0.86% | 0.48% | 1.13% | 0.88% | 0.88% | 1.65% | 0.78% | 0.55% | 0.86% | 0.92% |
| Accounts Payable | 188.46B | 178.17B | 180.24B | 174.82B | 190.66B | 251.93B | 262.05B | 230.73B | 223.25B | 257B |
| Total Debt | 322.27B | 374.12B | 364.81B | 394.78B | 420.96B | 487.76B | 434.55B | 583.13B | 616.93B | 665B |
| Net Debt | 200.56B | 264.06B | 234.26B | 261.24B | 265.12B | 226.73B | 192.72B | 341.56B | 434.84B | 496B |
| Long-Term Debt | 198.07B | 227.58B | 236.03B | 219.03B | 226.02B | 263.47B | 254.25B | 247.87B | 249.87B | 277B |
| Short-Term Debt | 124.2B | 146.54B | 128.78B | 173.37B | 192.66B | 222.01B | 178.15B | 333.04B | 365B | 373B |
| Other Liabilities | 134.22B | 138.19B | 65.79B | 70.42B | 92.94B | 112.53B | 96.03B | 128.37B | 143.77B | 1.61B |
| Total Current Liabilities | 440.97B | 468.76B | 539.79B | 610.87B | 745.86B | 975.78B | 972.18B | 1.15T | 1.16T | 1.38T |
| Total Non-Current Liabilities | 332.3B | 365.77B | 301.82B | 291.83B | 321.24B | 378.28B | 352.43B | 378.47B | 395.7B | 293.61B |
| Total Liabilities | 773.27B | 834.53B | 841.61B | 902.7B | 1.07T | 1.35T | 1.32T | 1.52T | 1.55T | 1.68T |
| Total Equity | 86.89B▲ 0% | 82.24B▼ 5.4% | 90.19B▲ 9.7% | 90.27B▲ 0.1% | 95.93B▲ 6.3% | 109.93B▲ 14.6% | 117.19B▲ 6.6% | 116.91B▼ 0.2% | 122B▲ 4.4% | 132.39B▲ 0% |
| Equity Growth % | 0.19% | -5.35% | 9.66% | 0.09% | 6.28% | 14.59% | 6.61% | -0.24% | 4.35% | 22.32% |
| Equity / Assets (Capital Ratio) | 10.1% | 8.97% | 9.68% | 9.09% | 8.25% | 7.51% | 8.13% | 7.12% | 7.28% | 7.32% |
| Return on Equity (ROE) | 8.52% | 5.07% | 12.13% | 9.38% | 10.16% | 21.02% | 9.92% | 7.28% | 11.95% | 12.59% |
| Book Value per Share | 199.71 | 201.03 | 231.13 | 240.39 | 266.26 | 308.95 | 327.25 | 338.07 | 365.70 | 420.28 |
| Tangible BV per Share | 190.30 | 191.16 | 220.66 | 227.50 | 252.48 | 295.74 | 303.84 | 317.56 | 345.61 | 334.57 |
| Common Stock | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Additional Paid-in Capital | 52.64B | 53.36B | 54.01B | 54.88B | 55.68B | 56.4B | 59.05B | 60.25B | 61.38B | 61.89B |
| Retained Earnings | 89.04B | 91.52B | 100.1B | 106.47B | 112.95B | 131.81B | 139.37B | 143.69B | 153.41B | 159.53B |
| Accumulated OCI | -1.22B | -1.88B | 693M | -1.48B | -1.43B | -2.07B | -3.01B | -2.92B | -2.7B | -1.99B |
| Treasury Stock | -68.69B | -75.39B | -78.67B | -84.01B | -85.94B | -91.14B | -94.63B | -100.44B | -108.5B | -219.45B |
| Preferred Stock | 11.2B | 11.85B | 11.2B | 11.2B | 11.2B | 10.7B | 10.7B | 11.2B | 13.25B | 15.15B |
The Goldman Sachs Group, Inc. (GS) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 5.57B | -17.74B | 20.42B | 23.87B | -18.54B | 6.3B | 8.71B | -12.59B | -13.21B | -13.21B |
| Operating CF Growth % | -19.98% | -418.53% | 215.1% | 16.88% | -177.66% | 133.98% | 38.27% | -244.55% | -4.97% | 331.85% |
| Net Income | 7.4B | 4.29B | 10.46B | 8.47B | 9.46B | 21.64B | 11.26B | 8.52B | 14.28B | 16.67B |
| Depreciation & Amortization | 998M | 1.15B | 1.33B | 1.7B | 1.9B | 2.02B | 2.46B | 4.86B | 2.39B | 2.15B |
| Deferred Taxes | 551M | 5.46B | -2.65B | -334M | -833M | 5M | -2.41B | -1.36B | -800M | -300M |
| Other Non-Cash Items | 15.26B | -10.81B | -22.87B | 1.04B | -33.79B | 7.12B | 2.71B | 1.03B | 1.35B | 1.36B |
| Working Capital Changes | -20.74B | -19.59B | 32.31B | 10.97B | 2.81B | -27.03B | -9.39B | -27.71B | -33.09B | -5.29B |
| Cash from Investing | 9.27B | -29.12B | -22.68B | -24.24B | -34.36B | -30.46B | -75.96B | -17.31B | -49.62B | -46.31B |
| Purchase of Investments | -1.17B | -9.85B | -3.79B | -29.77B | -48.67B | -39.91B | -60.54B | -40.26B | -92.1B | -91.6B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Net Investment Activity | -1.17B | -9.85B | -3.79B | -29.77B | -48.67B | -39.91B | -60.54B | -40.26B | -92.1B | -91.59B |
| Acquisitions | 14.92B | -2.38B | -162M | -803M | -231M | 3.93B | -2.12B | 487M | 3.62B | 1000K |
| Other Investing | -3.12B | -16.58B | -11.15B | -3.03B | -8.2B | -35.52B | -22.52B | -2.08B | -15.43B | -30.02B |
| Cash from Financing | 13.43B | 35.2B | 22.75B | 3.37B | 70.38B | 134.74B | 59.6B | 27.8B | 7.32B | 41.53B |
| Dividends Paid | -1.71B | -1.77B | -1.81B | -2.1B | -2.34B | -2.73B | -3.68B | -4.19B | -4.5B | -4.97B |
| Share Repurchases | -6.08B | -7.62B | -3.29B | -6.43B | -2.28B | -7.88B | -3.5B | -6.8B | -10.2B | -12.86B |
| Stock Issued | 1.3B | 1.5B | 38M | 1.1B | 349M | 2.17B | 0 | 1.5B | 4.24B | 0 |
| Net Stock Activity | -4.78B | -6.13B | -3.26B | -5.34B | -1.93B | -5.7B | -3.5B | -5.3B | -5.96B | -12.86B |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 2M |
| Other Financing | 11.2B | 13.96B | 21.38B | 35.56B | 68.77B | 104.52B | 30.23B | 42B | 7.2B | 41.81B |
| Net Change in Cash | 28.27B▲ 0% | -11.66B▼ 141.2% | 20.5B▲ 275.8% | 3B▼ 85.4% | 22.3B▲ 643.4% | 105.19B▲ 371.8% | -19.21B▼ 118.3% | -248M▲ 98.7% | -59.48B▼ 23885.9% | 14.89B▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Cash at Beginning | 93.44B | 121.71B | 110.05B | 130.55B | 133.55B | 155.84B | 261.04B | 241.82B | 241.58B | 152.97B |
| Cash at End | 121.71B | 110.05B | 130.55B | 133.55B | 155.84B | 261.04B | 241.82B | 241.58B | 182.09B | 169.58B |
| Interest Paid | 7.14B | 11.17B | 16.72B | 18.64B | 9.09B | 5.52B | 19.02B | 60.03B | 72.62B | 68.68B |
| Income Taxes Paid | 1.06B | 1.43B | 1.27B | 1.27B | 2.75B | 6.2B | 4.55B | 2.39B | 3.67B | 128M |
| Free Cash Flow | 2.69B▲ 0% | -20.93B▼ 876.8% | 12.44B▲ 159.4% | 15.43B▲ 24.0% | -24.84B▼ 261.1% | 1.63B▲ 106.6% | 4.96B▲ 204.1% | -14.9B▼ 400.5% | -15.3B▼ 2.7% | 15.77B▲ 0% |
| FCF Growth % | -47.46% | -876.8% | 159.44% | 24.01% | -261.06% | 106.56% | 204.11% | -400.46% | -2.68% | 117.45% |
The Goldman Sachs Group, Inc. (GS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.52% | 5.07% | 12.13% | 9.38% | 10.16% | 21.02% | 9.92% | 7.28% | 11.95% | 12.59% |
| Return on Assets (ROA) | 0.86% | 0.48% | 1.13% | 0.88% | 0.88% | 1.65% | 0.78% | 0.55% | 0.86% | 0.92% |
| Net Interest Margin | 0.3% | 0.32% | 0.4% | 0.44% | 0.41% | 0.44% | 0.53% | 0.39% | 0.48% | 0.63% |
| Efficiency Ratio | 53.58% | 48.66% | 44.49% | 46.15% | 54.18% | 49.14% | 45.36% | 31.81% | 26.62% | 28.36% |
| Equity / Assets | 10.1% | 8.97% | 9.68% | 9.09% | 8.25% | 7.51% | 8.13% | 7.12% | 7.28% | 7.32% |
| Book Value / Share | 199.71 | 201.03 | 231.13 | 240.39 | 266.26 | 308.95 | 327.25 | 338.07 | 365.7 | 420.28 |
| NII Growth | -15.57% | 13.34% | 28.48% | 15.8% | 8.92% | 36.18% | 18.67% | -17.28% | 26.85% | 56.07% |
| Dividend Payout | 23.06% | 41.27% | 17.31% | 24.85% | 24.7% | 12.6% | 32.7% | 49.19% | 31.5% | 29.8% |
The Goldman Sachs Group, Inc. (GS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 13, 2026·SEC
The Goldman Sachs Group, Inc. (GS) stock FAQ — growth, dividends, profitability & financials explained
The Goldman Sachs Group, Inc. (GS) grew revenue by 17.0% over the past year. This is strong growth.
Yes, The Goldman Sachs Group, Inc. (GS) is profitable, generating $16.67B in net income for fiscal year 2024 (11.3% net margin).
Yes, The Goldman Sachs Group, Inc. (GS) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.
The Goldman Sachs Group, Inc. (GS) has a return on equity (ROE) of 12.0%. This is reasonable for most industries.
The Goldman Sachs Group, Inc. (GS) has a net interest margin (NIM) of 0.5%. NIM has been under pressure due to interest rate environment.
The Goldman Sachs Group, Inc. (GS) has an efficiency ratio of 26.6%. This is excellent, indicating strong cost control.
The Goldman Sachs Group, Inc. (GS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates