The Goldman Sachs Group, Inc. (GS) Earnings History
Annual and quarterly earnings data from 1999 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 41.1% | 14.5% | 11.3% |
| 2023 | 41.7% | 9.9% | 7.9% |
| 2022 | 65.0% | 19.6% | 16.4% |
| 2021 | 90.8% | 41.6% | 33.3% |
| 2020 | 77.5% | 23.3% | 17.7% |
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The Goldman Sachs Group, Inc. (GS) Earnings Overview
As of February 28, 2026, The Goldman Sachs Group, Inc. (GS) reported trailing twelve-month net income of $16.67B, reflecting +0.8% year-over-year growth. The company earned $52.92 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, GS's 5-year EPS compound annual growth rate (CAGR) stands at +14.0%, showing solid earnings momentum. The company achieved its highest annual net income of $21.64B in fiscal 2021.
The Goldman Sachs Group, Inc. maintains positive profitability with a gross margin of 0.4%, operating margin of 0.1%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including MS ($16.18B net income, 0.1% margin), EVR ($528M net income, 0.1% margin), NMR ($370.05B net income, 0.1% margin), GS has room to improve margins relative to the peer group. Compare GS vs MS →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $14.28B | +67.6% | $18.40B | $40.54 | 11.3% | 14.5% |
| 2023 | $8.52B | -24.4% | $10.74B | $22.87 | 7.9% | 9.9% |
| 2022 | $11.26B | -48.0% | $13.49B | $30.06 | 16.4% | 19.6% |
| 2021 | $21.64B | +128.7% | $27.04B | $59.45 | 33.3% | 41.6% |
| 2020 | $9.46B | +11.7% | $12.48B | $24.74 | 17.7% | 23.3% |
| 2019 | $8.47B | -19.1% | $10.58B | $21.03 | 15.7% | 19.6% |
| 2018 | $10.46B | +144.0% | $12.48B | $25.27 | 20.0% | 23.8% |
| 2017 | $4.29B | -42.1% | $11.13B | $9.01 | 10.0% | 26.0% |
| 2016 | $7.40B | +21.6% | $10.30B | $17.00 | 19.5% | 27.2% |
| 2015 | $6.08B | -28.2% | $8.78B | $12.14 | 15.5% | 22.4% |
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Start ComparisonFrequently Asked Questions
Is GS growing earnings?
GS EPS of $52.92 reflects slowing growth at +0.8%, below the 5-year CAGR of +14.0%. TTM net income is $16.7B. Expansion rate has moderated.
What are GS's profit margins?
The Goldman Sachs Group, Inc. net margin is +0.1%, with operating margin at +0.1%. Below-average margins reflect competitive or cost pressures.
How consistent are GS's earnings?
GS earnings data spans 1999-2024. The current earnings trend is +0.8% YoY. Historical data enables comparison across business cycles.