The Goldman Sachs Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Transaction-Based Revenues	26,587	25,139	22,420	19,539	20,399	25,897
Net Interest Income	14,219	13,559	8,056	6,351	7,678	6,470
Net Interest Income Growth	48.47%	68.31%	26.85%	-17.28%	18.67%	36.18%
Other Revenues	19,642	19,585	23,036	20,364	19,288	26,972
Revenue	60,448	58,283	53,512	46,254	47,365	59,339
Revenue Growth (YoY)	11.20%	8.92%	15.69%	-2.35%	-20.18%	33.17%
Cost of Revenue	28,104	26,903	23,430	21,197	20,460	22,429
Gross Profit	32,344	31,380	30,082	25,057	26,905	36,910
Selling, General & Admin	8,567	8,459	7,945	8,434	8,249	7,494
Depreciation & Amortization Expenses	2,171	2,182	2,392	4,856	2,455	2,015
Other Operating Expenses	-1,085	-1,113	1,348	1,028	2,715	357
Operating Income	22,691	21,852	18,397	10,739	13,486	27,044
Pretax Income	22,691	21,852	18,397	10,739	13,486	27,044
Provision for Income Taxes	4,623	4,676	4,121	2,223	2,225	5,409
Net Income	17,120	16,300	13,525	7,907	10,764	21,151
Net Income Attributable to Preferred Dividends	948	876	751	609	497	484
Net Income to Common	17,120	16,300	13,525	7,907	10,764	21,151
Net Income Growth	20.76%	20.52%	71.05%	-26.54%	-49.11%	137.25%
Shares Outstanding (Basic)	309	313	328	341	352	351
Shares Outstanding (Diluted)	314	318	334	346	358	356
Shares Change (YoY)	-4.93%	-4.80%	-3.53%	-3.44%	0.65%	-1.25%
EPS (Basic)	55.40	51.95	41.07	23.05	30.42	60.25
EPS (Diluted)	54.72	51.32	40.54	22.87	30.06	59.45
EPS Growth	26.99%	26.59%	77.26%	-23.92%	-49.44%	140.30%
Shares Outstanding	294.57	296.48	310.65	323.38	334.92	333.57
Free Cash Flow	-41,922	-47,218	-15,303	-14,903	4,960	1,631
Free Cash Flow Growth	-	-	-	-	204.11%	-
Free Cash Flow Per Share	-133.70	-148.67	-45.87	-43.10	13.85	4.58
Dividends Per Share	15.500	14.000	11.500	10.500	9.000	6.500
Dividend Growth	10.71%	21.74%	9.52%	16.67%	38.46%	30.00%
Gross Margin	53.51%	53.84%	56.22%	54.17%	56.80%	62.20%
Operating Margin	37.54%	37.49%	34.38%	23.22%	28.47%	45.58%
Profit Margin	29.89%	29.47%	26.68%	18.41%	23.77%	36.46%
FCF Margin	-69.35%	-81.02%	-28.60%	-32.22%	10.47%	2.75%
EBITDA	24,862	24,034	20,789	15,595	15,941	29,059
EBITDA Margin	41.13%	41.24%	38.85%	33.72%	33.66%	48.97%
EBIT	22,691	21,852	18,397	10,739	13,486	27,044
EBIT Margin	37.54%	37.49%	34.38%	23.22%	28.47%	45.58%
Effective Tax Rate	20.37%	21.40%	22.40%	20.70%	16.50%	20.00%

Updated May 1, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q