MARKETS / NYSE / GS

NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

Goldman Sachs Group Inc. GS

19 fiscal years on record · USD · FY2025 reported · SEC filings only

13 YEARS OF DIVIDEND GROWTH

Revenue

$58.3B

▲ 8.9% YoY

Net income

$17.2B

▲ 20.3% YoY

Free cash flow

$-47.2B

In brief

What this company does

Goldman Sachs is a global financial institution that delivers a broad range of financial services to a client base that includes corporations, financial institutions, governments and individuals. As of December 2025, the firm had headcount of 47,400 and offices in over 35 countries, with 50% of headcount based in the Americas, 20% in Europe, Middle East and Africa and 30% in Asia. It manages and reports its activities in three business segments: Global Banking & Markets, Asset & Wealth Management and Platform Solutions. Global Banking & Markets generates revenues from investment banking fees, FICC and Equities intermediation and financing activities, relationship lending and acquisition financing, related investing activities and transaction banking. Asset & Wealth Management generates revenues from management and other fees, incentive fees, private banking and lending and investments. Substantially all revenues in Platform Solutions come from activities related to issuing credit cards to and raising deposits from Apple Card customers and from businesses that have been exited. The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company regulated by the Board of Governors of the Federal Reserve System.

Written from the business description in GOLDMAN SACHS GROUP INC's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 58.3B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 58.3 · Net income 17.2

Compound annual growth

Revenue

+7.2%

+5.5%

+5.6%

Net income

+15.1%

+12.7%

+10.9%

+4.9%

EPS, diluted

+19.5%

+15.7%

+15.5%

+9.5%

Dividend / share

+15.9%

+22.9%

+18.6%

+16.6%

Returned to shareholders

+34.9%

+32.8%

+11.7%

+7.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.5% a year over five years — but profit grew faster: net income at +12.7%, earnings per share at +15.7%.

The share count fell from 0.34B to 0.30B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

29 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 37.5% · Net 29.5%

ROE

FY2025 · ROE 13.9%

Gross margin—

Operating margin37.5%

Net margin29.5%

Return on assets1.0%

EBITDA—

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 17.6B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF -47.2

Net buybacks $B Dividends $B

FY2025 · Dividends 5.3 · Net buybacks 12.4

Dividends paidUSD 5.3B

Net buybacksUSD 12.4B

Share of profit102.7%

Consecutive raises13 years

USD 5.3B in dividends and USD 12.4B in buybacks — 103% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.81T

EquityUSD 125.0B

CashUSD 164.3B

DepositsUSD 501.4B

Equity funds 7% of total assets.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	58.3	53.5	46.3	47.4	59.3	44.6	36.5	36.6	32.7	30.8	33.8	34.5	34.2	34.2	28.8	·	·	·	·
Operating income $B	21.9	18.4	10.7	13.5	27.0	12.5	10.6	12.5	11.1	10.3	8.8	12.4	11.7	11.2	6.2	12.9	19.8	·	·
EBITDA $B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Income tax $B	4.7	4.1	2.2	2.2	5.4	3.0	2.1	2.0	6.8	2.9	2.7	3.9	3.7	3.7	1.7	4.5	6.4	0.0	6.0
Net income $B	17.2	14.3	8.5	11.3	21.6	9.5	8.5	10.5	4.3	7.4	6.1	8.5	8.0	7.5	4.4	8.4	13.4	2.3	11.6
Free cash flow $B	−47.2	−15.3	−14.9	5.0	1.6	−24.8	15.4	8.6	−23.7	3.6	7.6	−8.6	3.8	11.9	21.3	·	·	·	·
EPS, diluted $	51.32	40.54	22.87	30.06	59.45	24.74	21.03	25.27	9.01	16.29	12.14	17.07	15.46	14.13	4.51	13.18	22.13	4.47	24.73
Dividend / sh $	14.00	11.50	10.50	9.00	6.50	5.00	4.15	3.15	2.90	2.60	2.55	2.25	2.05	1.77	·	1.40	1.05	1.40	·
Payout %	31	32	49	33	13	25	25	17	41	23	28	17	16	15	62	17	16	37	7
ROE %	13.9	12.0	7.3	9.9	21.0	10.2	9.4	12.1	5.1	8.5	7.2	10.5	10.4	10.2	6.0	11.3	19.8	4.3	27.1
Shares out B	0.30	0.31	0.32	0.33	0.33	0.34	0.35	0.37	0.37	0.39	0.42	0.43	0.45	0.47	0.49	0.51	0.52	0.44	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 1 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySecurity Brokers, Dealers & Flotation Companies

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2007