The Goldman Sachs Group, Inc. (GS)

NYSE: GS · Real-Time Price · USD

1,004.42

+1.86 (0.19%)

At close: Sep 2, 2026, 4:00 PM EDT

1,005.22

+0.80 (0.08%)

After-hours: Sep 2, 2026, 7:44 PM EDT

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	Jun '26 Jun 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	20,973	17,176	14,276	8,516	11,261	21,635
Depreciation & Amortization, Total	2,001	1,998	2,164	3,278	2,141	2,015
Stock-Based Compensation	3,464	3,445	2,663	2,085	4,083	2,348
Change in Accounts Receivable	-7,587	-43,206	-8,367	-28,219	35,014	21,971
Change in Other Net Operating Assets	97,418	44,165	68,907	167,613	-89,773	-48,998
Other Operating Activities	496	2,063	-7,440	-4,659	-2,325	-8,262
Operating Cash Flow	-39,359	-45,154	-13,212	-12,587	8,708	6,298

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-2,156	-2,064	-2,091	-2,316	-3,748	-4,667
Cash Acquisitions	-1,783	-	-	-	-2,115	-
Investment in Securities	-52,751	-5,153	-35,723	-13,408	-47,575	5,789
Investing Cash Flow	-95,025	-44,227	-49,624	-17,312	-75,960	-30,465

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	178,039	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	-78,325	-78,710	-76,555	-57,636	-48,496	-60,518
Net Debt Issued (Repaid)	99,714	18,984	10,581	-4,713	38,147	39,131
Repurchase of Common Stock	-16,874	-14,516	-9,331	-7,141	-5,095	-6,185
Preferred Dividends Paid	-47	-	-	-599	-	-
Common Dividends Paid	-806	-	-	-3,590	-	-
Dividends Paid	-6,130	-5,277	-4,497	-4,189	-3,682	-2,725
Other Financing Activities	97,156	65,009	8,521	43,342	30,232	105,020
Financing Cash Flow	171,746	66,100	7,323	27,800	59,602	134,738

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-3,063	5,448	-3,972	1,851	-11,561	-5,377
Net Cash Flow	34,299	-17,833	-59,485	-248	-19,211	105,194

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-41,515	-47,218	-15,303	-14,903	4,960	1,631
Free Cash Flow Growth	-	-	-	-	204.11%	-
Free Cash Flow Margin	-61.44%	-79.50%	-29.34%	-32.95%	11.11%	2.77%
Free Cash Flow Per Share	-133.85	-148.67	-45.87	-43.10	13.85	4.58

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	67,014	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

SEC Filings: 10-K · 10-Q