The Goldman Sachs Group revenue and financials
$897.18Change from previous close: +0.42%Absolute change: +$3.72
In the fiscal year ended December 2025, The Goldman Sachs Group reported revenue of $59.4B (+13.86% year over year). Net income was $17.18B, a net margin of 28.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +13.86%
- 2025 vs 2024
- Net income growth
- +20.31%
- 2025 vs 2024
- Net margin
- 28.9%
- 2024: 27.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -45,154 | -13,212 | -12,587 | 8,708 | 6,298 | -18,535 | 23,868 | 16,564 | -20,489 | 6,494 |
| Depreciation and amortization | 2,182 | 2,392 | 4,856 | 2,455 | 2,015 | 1,902 | 1,704 | 1,328 | 1,152 | 998 |
| Capital expenditure | -2,064 | -2,091 | -2,316 | -3,748 | -4,667 | -6,309 | -8,443 | -7,982 | -3,184 | -2,865 |
| Investing cash flow | -44,227 | -49,624 | -17,312 | -75,960 | -30,465 | -34,356 | -24,236 | -18,820 | -26,377 | 9,675 |
| Financing cash flow | 66,100 | 7,323 | 27,800 | 59,602 | 134,738 | 70,380 | 3,367 | 22,752 | 35,206 | 12,103 |
| Dividends paid | -5,277 | -4,497 | -4,189 | -3,682 | -2,725 | -2,336 | -2,104 | -1,810 | -1,769 | -1,706 |
| Share repurchases | -12,360 | -8,000 | -5,796 | -3,500 | -5,200 | -1,928 | -5,335 | -3,294 | -6,772 | -6,078 |
| Debt issued | 97,694 | 87,136 | 52,923 | 86,643 | 99,649 | 65,891 | 29,652 | 53,846 | 65,748 | 54,949 |
| Debt repaid | -78,710 | -76,555 | -57,636 | -48,496 | -60,518 | -59,188 | -53,660 | -46,760 | -36,617 | -47,416 |
| Effect of exchange rates | 5,448 | -3,972 | 1,851 | -11,561 | -5,377 | 4,807 | — | — | — | — |
| Net change in cash | -17,833 | -59,485 | -248 | -19,211 | 105,194 | 22,296 | 2,999 | 20,496 | -11,660 | 28,272 |
| Free cash flow | -47,218 | -15,303 | -14,903 | 4,960 | 1,631 | — | — | — | — | — |