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MARKETS / NYSE / Financials / Brokerage and capital markets / 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
$58.3B
▲ 8.9% YoY
$17.2B
▲ 20.3% YoY
$-47.2B

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

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
25.0B50.0B
2007201020132016201920222025
Compound annual growth
+7.2%
+5.5%
+5.6%
+15.1%
+12.7%
+10.9%
+4.9%
+19.5%
+15.7%
+15.5%
+9.5%
+15.9%
+22.9%
+18.6%
+34.9%
+32.8%
+11.7%
+7.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.5% a year over the five years to FY2025 — 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%
20%40%
200720162025
ROE
FY2025 · ROE 13.9%
10%20%
200720162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin37.5%
Net margin29.5%
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
10B20B-20B-40B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 5.3 · Net buybacks 12.4
10B20BDividendsNet buybacks
2007201020132016201920222025
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—not applicable◌not available in our data
GS, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B58.353.546.347.459.344.636.536.632.730.833.834.534.234.228.8◌◌◌◌
Operating income $B21.918.410.713.527.012.510.612.511.110.38.812.411.711.26.212.919.8◌◌
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B4.74.12.22.25.43.02.12.06.82.92.73.93.73.71.74.56.40.06.0
Net income $B17.214.38.511.321.69.58.510.54.37.46.18.58.07.54.48.413.42.311.6
Free cash flow $B−47.2−15.3−14.95.01.6−24.815.48.6−23.73.67.6−8.63.811.921.3◌◌◌◌
EPS, diluted $51.3240.5422.8730.0659.4524.7421.0325.279.0116.2912.1417.0715.4614.134.5113.1822.134.4724.73
Dividend / sh $14.0011.5010.509.006.505.004.153.152.902.602.552.252.051.77◌1.401.051.40◌
Payout %3132493313252517412328171615621716377
ROE %13.912.07.39.921.010.29.412.15.18.57.210.510.410.26.011.319.84.327.1
Shares out B0.300.310.320.330.330.340.350.370.370.390.420.430.450.470.490.510.520.44◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. One check was skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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