FirmAtlas
Company handbook · GS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
GS · CIK 886982 · LATEST FILING: 10-Q JUN '26 · FILED AUG 3, 2026
The Goldman Sachs Group, Inc.
$881.26
−10.02 (−1.12%)
Close, Oct 16, 2026 · 52-week $740–1,154
Last fiscal year
The Goldman Sachs Group, Inc. reported revenue of $4.0B for the year ended Dec 31, 2025 (FY25), down 1.1% from FY24. Net income was $17.2B, operating cash flow −$45.2B and free cash flow −$47.2B. Source: 10-K filed Feb 25, 2026.
Market cap
$261.3B
P/E
12.5
P/B
2.1
Div yield
2.04%
Revenue 1Y
−1.1%/yr
EPS 1Y
26.6%/yr
Shares 1Y
−5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODavid Solomon
HQNew York, NY
AuditorPricewaterhouseCoopers LLP
Employees47,400
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
17.9%
16.8%
41.0%
16.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$34.3B deployed
Capex
$4.2B
12.1%
Dividends
$9.8B
28.5%
Buybacks
$20.4B
59.4%
Operating cash flow over the period: −$58.4B. Total debt changed by $0M.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
1,675,972
1,809,320+8.0%
2,127,711
Cash & short-term investments
182,092
164,259−9.8%
—
Net PP&E
8,024
7,474−6.9%
—
Other assets
1,485,856
1,637,587+10.2%
—
Total liabilities
1,553,976
1,684,348+8.4%
2,004,969
Total debt
69,709
—
—
Other liabilities
1,484,267
1,684,348+13.5%
—
Shareholders’ equity
121,996
124,972+2.4%
122,742
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
(13,212)
(45,154)n/m
(39,359)
Net income
14,276
17,176+20.3%
—
Depreciation & amortization
2,392
2,182−8.8%
—
Stock-based compensation
2,663
3,445+29.4%
—
Working capital & other
(32,543)
(67,957)n/m
—
Cash from investing
(49,624)
(44,227)n/m
—
Capex
(2,091)
(2,064)n/m
—
PP&E sold
1,613
803−50.2%
—
Investments bought
(60,852)
(77,429)n/m
—
Investments sold / matured
12,809
43−99.7%
—
Other investing
(1,103)
34,420n/m
—
Cash from financing
7,323
66,100+802.6%
—
Debt raised
67,252
88,196+31.1%
—
Debt repaid
(74,519)
(71,502)n/m
—
Dividends
(4,497)
(5,277)n/m
—
Buybacks
(8,000)
(12,360)n/m
—
Other financing
27,087
67,043+147.5%
—
Net change in cash
(59,485)
(17,833)n/m
—
Free cash flow (OCF − capex)
(15,303)
(47,218)n/m
(41,515)
Where the cash went
Operating cash flow
(13,212)
(45,154)n/m
(39,359)
Reinvested in the business
2,091
2,064−1.3%
—
% of operating cash flow
—
—
Capex
2,091
2,064−1.3%
2,156
Free cash flow
(15,303)
(47,218)n/m
(41,515)
YoY
n/m
Returned to shareholders
12,497
17,637+41.1%
—
% of free cash flow
—
—
Dividends
4,497
5,277+17.3%
—
Buybacks
8,000
12,360+54.5%
—
FCF conversion (FCF ÷ net income)
−107.2%
−274.9%−167.7 pp
—
Buyback yield
4.5%
4.7%+0.2 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,110
505
1,326
1,525
vs year-ago quarter
Net income
4,098
4,617
5,630
6,628
vs year-ago quarter
Net margin
369.2%
914.3%
424.6%
434.6%
EPS (diluted, $)
12.25
15.57
17.55
20.98
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
1,807,982
1,809,320
2,060,180
2,127,711
Cash & equivalents
169,577
164,259
179,530
187,266
Total debt
72,385
—
—
—
Shareholders’ equity
124,402
124,972
122,782
122,742
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
2,680
(16,276)
(31,868)
6,105
Capex
558
531
565
502
Free cash flow
2,122
(16,807)
(32,433)
5,603
vs year-ago quarter