The Goldman Sachs Group, Inc. (TSX:GS)
Canada · Delayed Price · Currency is CAD 41.04
-0.14 (-0.34%)
Nov 6, 2026, 4:00 PM EST
The Goldman Sachs Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 22,169 | 17,176 | 14,276 | 8,516 | 11,261 | 21,635 |
Depreciation & Amortization, Total | 2,048 | 1,998 | 2,164 | 3,278 | 2,141 | 2,015 |
Stock-Based Compensation | 3,498 | 3,445 | 2,663 | 2,085 | 4,083 | 2,348 |
Change in Accounts Receivable | -16,680 | -43,206 | -8,367 | -28,219 | 35,014 | 21,971 |
Change in Other Net Operating Assets | 135,377 | 44,165 | 68,907 | 167,613 | -89,773 | -48,998 |
Other Operating Activities | 4,942 | 2,063 | -7,440 | -4,659 | -2,325 | -8,262 |
Operating Cash Flow | -37,858 | -45,154 | -13,212 | -12,587 | 8,708 | 6,298 |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -2,123 | -2,064 | -2,091 | -2,316 | -3,748 | -4,667 |
Cash Acquisitions | -1,852 | - | - | - | -2,115 | - |
Investment in Securities | -76,415 | -5,153 | -35,723 | -13,408 | -47,575 | 5,789 |
Investing Cash Flow | -128,072 | -44,227 | -49,624 | -17,312 | -75,960 | -30,465 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | 2,988 | 14,641 | 2,723 | 321 | 2,137 |
Long-Term Debt Issued | - | 94,706 | 72,495 | 50,200 | 86,322 | 97,512 |
Total Debt Issued | 199,109 | 97,694 | 87,136 | 52,923 | 86,643 | 99,649 |
Short-Term Debt Repaid | - | -3,877 | - | - | -2,283 | -1,320 |
Long-Term Debt Repaid | - | -74,833 | -76,555 | -57,636 | -46,213 | -59,198 |
Total Debt Repaid | -81,178 | -78,710 | -76,555 | -57,636 | -48,496 | -60,518 |
Net Debt Issued (Repaid) | 117,931 | 18,984 | 10,581 | -4,713 | 38,147 | 39,131 |
Repurchase of Common Stock | -17,881 | -14,516 | -9,331 | -7,141 | -5,095 | -6,185 |
Preferred Dividends Paid | - | - | - | -599 | - | - |
Common Dividends Paid | - | - | - | -3,590 | - | - |
Dividends Paid | -6,307 | -5,277 | -4,497 | -4,189 | -3,682 | -2,725 |
Other Financing Activities | 81,423 | 65,009 | 8,521 | 43,342 | 30,232 | 105,020 |
Financing Cash Flow | 174,790 | 66,100 | 7,323 | 27,800 | 59,602 | 134,738 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -1,670 | 5,448 | -3,972 | 1,851 | -11,561 | -5,377 |
Net Cash Flow | 7,190 | -17,833 | -59,485 | -248 | -19,211 | 105,194 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -39,981 | -47,218 | -15,303 | -14,903 | 4,960 | 1,631 |
Free Cash Flow Growth | - | - | - | - | 204.11% | - |
Free Cash Flow Margin | -56.28% | -79.50% | -29.34% | -32.95% | 11.11% | 2.77% |
Free Cash Flow Per Share | -130.38 | -148.67 | -45.87 | -43.10 | 13.85 | 4.58 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 68,090 | 65,494 | 72,623 | 60,026 | 19,022 | 5,521 |
Cash Income Tax Paid | 3,990 | 3,990 | 3,673 | 2,389 | 4,555 | 6,195 |