The Goldman Sachs Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	25,139	22,420	19,539	20,399	25,897
Net Interest Income	13,559	8,056	6,351	7,678	6,470
Net Interest Income Growth	68.31%	26.85%	-17.28%	18.67%	36.18%
Other Revenues	19,585	23,036	20,364	19,288	26,972
Revenue	58,283	53,512	46,254	47,365	59,339
Revenue Growth (YoY)	8.92%	15.69%	-2.35%	-20.18%	33.17%
Cost of Revenue	26,903	23,430	21,197	20,460	22,429
Gross Profit	31,380	30,082	25,057	26,905	36,910
Selling, General & Admin	8,459	7,945	8,434	8,249	7,494
Depreciation & Amortization Expenses	2,182	2,392	4,856	2,455	2,015
Other Operating Expenses	-1,113	1,348	1,028	2,715	357
Operating Income	21,852	18,397	10,739	13,486	27,044
Pretax Income	21,852	18,397	10,739	13,486	27,044
Provision for Income Taxes	4,676	4,121	2,223	2,225	5,409
Net Income	16,300	13,525	7,907	10,764	21,151
Net Income Attributable to Preferred Dividends	876	751	609	497	484
Net Income to Common	16,300	13,525	7,907	10,764	21,151
Net Income Growth	20.52%	71.05%	-26.54%	-49.11%	137.25%
Shares Outstanding (Basic)	313	328	341	352	351
Shares Outstanding (Diluted)	318	334	346	358	356
Shares Change (YoY)	-4.80%	-3.53%	-3.44%	0.65%	-1.25%
EPS (Basic)	51.95	41.07	23.05	30.42	60.25
EPS (Diluted)	51.32	40.54	22.87	30.06	59.45
EPS Growth	26.59%	77.26%	-23.92%	-49.44%	140.30%
Free Cash Flow	-47,218	-15,303	-14,903	4,960	1,631
Free Cash Flow Growth	-	-	-	204.11%	-
Free Cash Flow Per Share	-148.67	-45.87	-43.10	13.85	4.58
Dividends Per Share	14.000	11.500	10.500	9.000	6.500
Dividend Growth	21.74%	9.52%	16.67%	38.46%	30.00%
Gross Margin	53.84%	56.22%	54.17%	56.80%	62.20%
Operating Margin	37.49%	34.38%	23.22%	28.47%	45.58%
Profit Margin	29.47%	26.68%	18.41%	23.77%	36.46%
FCF Margin	-81.02%	-28.60%	-32.22%	10.47%	2.75%
EBITDA	24,034	20,789	15,595	15,941	29,059
EBITDA Margin	41.24%	38.85%	33.72%	33.66%	48.97%
EBIT	21,852	18,397	10,739	13,486	27,044
EBIT Margin	37.49%	34.38%	23.22%	28.47%	45.58%
Effective Tax Rate	21.40%	22.40%	20.70%	16.50%	20.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.