The Goldman Sachs Group, Inc. (GS-PA) — Financial statements
Income statement, balance sheet, and cash flow for The Goldman Sachs Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 125,097↓1.4% | 126,853↑17.0% | 108,418↑57.8% | 68,711↑5.7% | 64,989 | |
| Cost of Revenue | 65,701↓12.0% | 74,689↑18.2% | 63,192↑162.6% | 24,061↑300.5% | 6,007 | |
| Gross Profit | 59,396↑13.9% | 52,164↑15.3% | 45,226↑1.3% | 44,650↓24.3% | 58,982 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 18,906↑13.2% | 16,706↑7.8% | 15,499↑2.3% | 15,148↓14.5% | 17,719 | |
| Selling & Marketing Expenses | 710↑9.9% | 646↑2.7% | 629↓22.5% | 812↑46.8% | 553 | |
| SG&A Expenses | 19,616↑13.0% | 17,352↑7.6% | 16,128↑1.1% | 15,960↓12.7% | 18,272 | |
| Other Expenses | 17,928↑9.2% | 16,415↓10.6% | 18,359↑20.8% | 15,204↑11.3% | 13,666 | |
| Operating Expenses | 37,544↑11.2% | 33,767↓2.1% | 34,487↑10.7% | 31,164↓2.4% | 31,938 | |
| Total Costs & Expenses | 103,245↓4.8% | 108,456↑11.0% | 97,679↑76.9% | 55,225↑45.5% | 37,945 | |
| Operating Results | ||||||
| Operating Income | 21,852↑18.8% | 18,397↑71.3% | 10,739↓20.4% | 13,486↓50.1% | 27,044 | |
| Depreciation & Amortization | 2,182↓8.8% | 2,392↓50.7% | 4,856↑97.8% | 2,455↑21.8% | 2,015 | |
| EBITDA | 24,034↑15.6% | 20,789↑33.3% | 15,595↓2.2% | 15,941↓45.1% | 29,059 | |
| EBIT | 21,852↑18.8% | 18,397↑71.3% | 10,739↓20.4% | 13,486↓50.1% | 27,044 | |
| Interest & Other Income | ||||||
| Net Interest Income | 13,559↑68.3% | 8,056↑26.8% | 6,351↓17.3% | 7,678↑18.7% | 6,470 | |
| Interest Income | 80,373↓1.3% | 81,397↑18.8% | 68,515↑136.1% | 29,024↑139.5% | 12,120 | |
| Interest Expense | 66,814↓8.9% | 73,341↑18.0% | 62,164↑191.2% | 21,346↑277.8% | 5,650 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 21,852↑18.8% | 18,397↑71.3% | 10,739↓20.4% | 13,486↓50.1% | 27,044 | |
| Income Tax Expense | 4,676↑13.5% | 4,121↑85.4% | 2,223↓0.1% | 2,225↓58.9% | 5,409 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 17,176↑20.3% | 14,276↑67.6% | 8,516↓24.4% | 11,261↓48.0% | 21,635 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17,176↑20.3% | 14,276↑67.6% | 8,516↓24.4% | 11,261↓48.0% | 21,635 | |
| Bottom-Line Net Income | 16,300↑20.5% | 13,525↑71.1% | 7,907↓26.5% | 10,764↓49.1% | 21,151 | |
| EPS (Basic) | 51.95↑26.0% | 41.22↑78.8% | 23.05↓24.6% | 30.57↓49.3% | 60.35 | |
| EPS (Diluted) | 51.32↑26.6% | 40.54↑77.3% | 22.87↓23.9% | 30.06↓49.4% | 59.45 | |
| Weighted Average Shares | 313↓4.7% | 328↓3.7% | 341↓3.2% | 352↑0.5% | 351 | |
| Weighted Average Diluted Shares | 318↓4.8% | 334↓3.5% | 346↓3.4% | 358↑0.6% | 356 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.