The Goldman Sachs Group, Inc. (GS) Financials: Revenue, Profit & Balance Sheet
The Goldman Sachs Group, Inc. files annual reports with the U.S. Securities and Exchange Commission, and this page organises the headline numbers from those filings in one place. The most recent fiscal year covered here is fiscal 2025. In that reporting cycle the company recorded revenue of a figure set out in the table below and net income of $17.18 billion. Everything on this page is drawn from the SEC EDGAR XBRL company facts dataset, which republishes the exact tagged values companies submit in their 10-K annual filings, so the figures can be checked against the original documents at any time. Data: SEC EDGAR company facts, retrieved October 2026; fiscal years are shown as filed by the company.
The Goldman Sachs Group, Inc. financial results in detail
| Measure (SEC EDGAR, 10-K) | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Net income | $9.5B | $21.6B | $11.3B | $8.5B | $14.3B | $17.2B |
| Diluted EPS ($) | $24.74 | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 |
| Operating cash flow | -$18.5B | $6.3B | $8.7B | -$12.6B | -$13.2B | -$45.2B |
| Capital expenditures | $6.3B | $4.7B | $3.7B | $2.3B | $2.1B | $2.1B |
| Free cash flow (calculated) | -$24.8B | $1.6B | $5.0B | -$14.9B | -$15.3B | -$47.2B |
| Total assets | $1.16T | $1.46T | $1.44T | $1.64T | $1.68T | $1.81T |
| Cash & equivalents | $155.8B | $261.0B | $241.8B | $241.6B | $182.1B | $164.3B |
| Long-term debt | — | — | — | — | — | — |
| Stockholders' equity | $95.9B | $109.9B | $117.2B | $116.9B | $122.0B | $125.0B |
The Goldman Sachs Group, Inc. reported net income of $17.18 billion in fiscal 2025. Net income is the bottom line: revenue minus the cost of goods sold, operating expenses, interest and taxes. Diluted earnings per share were $51.32 in fiscal 2025. Diluted EPS spreads net income across all shares that could exist if convertible instruments were exercised, making it the most conservative per-share profit figure in the filing.
Balance sheet strength
On the balance sheet, The Goldman Sachs Group, Inc. held total assets of $1.81 trillion at the end of fiscal 2025. Stockholders' equity — the owners' residual claim after liabilities — stood at $124.97 billion, meaning equity financed about 6.9% of the asset base. Cash and cash equivalents were $164.26 billion, the most liquid reserve the company can draw on without selling anything or borrowing. Long-term debt was reported at $236.03 billion. Reading debt next to cash and equity, rather than in isolation, is the honest way to judge leverage: a large debt figure can be routine for a company with large cash balances and steady operating cash flow, and a small one can still strain a company whose cash flow is weak. Balance-sheet figures are a snapshot at the fiscal year-end date, not an average across the year, which is why they are labelled with the fiscal year they were filed under.
Cash flow and free cash flow
Operating cash flow in the most recent reported year was -$45.15 billion. Cash flow and profit are different things: net income includes non-cash charges such as depreciation, while operating cash flow records cash actually generated by the business. After capital expenditures, free cash flow — a calculated figure on this site, defined as operating cash flow minus payments to acquire property, plant and equipment — was -$47.22 billion in fiscal 2025. Free cash flow is the cash available for dividends, buybacks, debt repayment or reinvestment once the asset base has been maintained, which is why it is watched so closely. When operating cash flow persistently exceeds net income, it usually signals heavy non-cash charges or disciplined working capital; when it persistently trails net income, readers should look in the 10-K for receivables or inventory building faster than sales.
Frequently asked questions
How much profit did The Goldman Sachs Group, Inc. make in fiscal 2025?
The Goldman Sachs Group, Inc. reported net income of $17.18 billion in fiscal 2025 in its SEC EDGAR company facts.
What is The Goldman Sachs Group, Inc.'s free cash flow?
Free cash flow is calculated on this site as operating cash flow minus capital expenditures. For fiscal 2025 that gives -$47.22 billion for The Goldman Sachs Group, Inc..
Where do the figures for The Goldman Sachs Group, Inc. come from?
Every figure on this page is taken from The Goldman Sachs Group, Inc.'s annual 10-K filings through the SEC EDGAR XBRL company facts API, retrieved in October 2026.
Compare The Goldman Sachs Group, Inc. with other large filers: Texas Instruments Incorporated (TXN) · Thermo Fisher Scientific Inc. (TMO) · Rtx Corporation (RTX). Return to the full company directory or the homepage.