The Goldman Sachs Group, Inc. (GS)
NYSE: GS · Real-Time Price · USD
1,028.18
-14.80 (-1.42%)
Jul 8, 2026, 2:54 PM EDT - Market open
The Goldman Sachs Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 5,630 | 4,617 | 4,098 | 3,723 | 4,738 | 4,111 | 2,990 | 3,043 | 4,132 | 2,008 | 2,058 | 1,216 | 3,234 | 3,939 | 3,069 | 2,927 | 3,939 | 6,836 | 5,378 | 5,486 |
Depreciation & Amortization | 495 | 527 | 531 | 618 | 506 | 498 | 621 | 646 | 627 | 780 | 1,512 | 1,594 | 970 | 492 | 666 | 570 | 492 | 498 | 509 | 520 |
Stock-Based Compensation | 2,530 | 258 | 237 | 533 | 2,417 | 104 | 120 | 595 | 1,844 | 77 | 228 | 239 | 1,541 | 3,128 | 300 | 383 | 3,128 | 1,759 | 180 | 202 |
Other Adjustments | 268 | -1,766 | 388 | 28 | 441 | 204 | 195 | -229 | 378 | -39 | -380 | 182 | -95 | 561 | 515 | 667 | 561 | -70 | 175 | -92 |
Changes in Restricted Cash and Segregated Assets | -14,041 | 14,930 | 6,252 | 14,612 | -48,685 | 48,938 | 7,962 | 11,918 | -236 | -5,840 | 10,302 | 44,305 | 111,460 | -72,986 | 60,578 | 8,536 | -72,986 | -57,349 | -30,332 | -1,151 |
Changes in Trading Assets | -104,035 | -2,978 | -19,263 | -26,359 | -21,266 | 25,940 | -69,057 | -13,754 | -30,120 | -17,135 | -52,139 | 5,533 | -100,066 | -28,163 | -21,070 | 9,469 | -28,163 | 15,373 | -19,202 | 2,014 |
Change in Receivables | 36,161 | -32,630 | 1,132 | -10,801 | -907 | -15,910 | 5,216 | 4,134 | -1,807 | -14,177 | 11,974 | -21,086 | -4,930 | 26,755 | -3,697 | -1,605 | 26,755 | -9,722 | 3,738 | 16,994 |
Changes in Trading Liabilities | 48,637 | -569 | 8,335 | 20,154 | 29,640 | -13,312 | 14,685 | -2,385 | 800 | 4,097 | -334 | -184 | 2,172 | 50,794 | -24,075 | 21,692 | 50,794 | 46,777 | 5,001 | -1,713 |
Changes in Other Operating Activities | -7,513 | 1,335 | 632 | -604.5 | -4,114 | -3,807 | 180 | -316 | -3,656 | 1,587 | 1,245 | -331 | -4,882 | -7,472 | 1,212 | 2,755 | -4,054 | -9,285 | 4,283 | -1,793 |
Operating Cash Flow | -31,868 | -16,276 | 2,680 | 5,672 | -37,230 | 46,766 | -38,060 | 6,120 | -28,038 | -28,358 | -25,534 | 31,901 | 9,404 | -22,952 | 16,010 | 35,056 | -19,534 | -5,183 | -39,260 | 20,467 |
Operating Cash Flow Growth | - | - | - | -7.32% | - | - | - | -80.82% | - | - | - | -9.00% | - | - | - | 71.28% | - | - | - | - |
Capital Expenditures | -565 | -531 | -558 | -476 | -499 | -586 | -466 | -542 | -497 | -546 | -507 | -666 | -597 | -953 | -990 | -1,051 | -953 | -1,312 | -883 | -1,353 |
Sale of Property, Plant & Equipment | 63 | 299 | 112 | 247 | 145 | 461 | 305 | 448 | 399 | 2,127 | 489 | 245 | 417 | 428 | 333 | 511 | 428 | 192 | 2,376 | 543 |
Purchases of Investments | -74,221 | -19,861 | -14,900 | -23,932 | -39,407 | -13,359 | -34,070 | -19,428 | -25,239 | - | -10,740 | -6,575 | -10,461 | -8,780 | -16,487 | -27,722 | -8,780 | -12,848 | -12,282 | -6,868 |
Proceeds from Sale of Investments | 31,782 | 28,399 | 15,555 | 19,009 | 29,984 | 11,343 | 12,475 | 14,891 | 17,664 | - | 3,020 | 2,648 | 8,166 | 2,369 | 3,116 | 2,595 | 2,369 | 15,319 | 16,558 | 8,250 |
Payments for Business Acquisitions | -359 | - | - | - | - | - | - | - | - | - | - | - | - | -113 | -283 | -1,817 | -13 | - | - | - |
Proceeds from Business Divestments | - | 0 | 1,536 | - | - | 0 | 0 | 0 | 3,622 | 495 | 0 | -8 | - | - | - | - | - | - | - | - |
Other Investing Activities | -13,007 | -13,339 | -6,858 | -6,182 | -12,970 | -4,974 | -7,530 | -612 | -3,929 | -5,952 | -295 | 397 | 497 | -10,072 | 152 | -11,004 | -10,072 | -3,838 | -10,588 | -9,793 |
Investing Cash Flow | -56,307 | -5,033 | -5,113 | -11,334 | -22,747 | -7,115 | -29,286 | -5,243 | -7,980 | -3,342 | -8,033 | -3,959 | -1,978 | -17,021 | -14,159 | -38,488 | -17,021 | -2,487 | -4,819 | -9,221 |
Long-Term Debt Issued | 58,895 | 29,589 | 12,844 | 23,219 | 29,054 | 18,079 | 17,959 | 20,921 | 15,536 | 19,209 | 11,871 | 10,244 | 8,876 | 37,471 | 16,649 | 16,999 | 37,471 | 28,121 | 16,683 | 27,655 |
Long-Term Debt Repaid | -20,475 | -21,993 | -15,368 | -20,332 | -17,140 | -15,324 | -20,665 | -16,833 | -23,733 | -15,129 | -10,281 | -10,215 | -22,011 | -16,200 | -12,293 | -9,512 | -16,200 | -12,491 | -18,656 | -12,145 |
Net Long-Term Debt Issued (Repaid) | 38,420 | 7,596 | -2,524 | 2,887 | 11,914 | 2,755 | -2,706 | 4,088 | -8,197 | 4,080 | 1,590 | 29 | -13,135 | 21,271 | 4,356 | 7,487 | 21,271 | 15,630 | -1,973 | 15,510 |
Repurchase of Common Stock | -5,000 | -3,000 | -2,000 | -3,000 | -4,360 | -2,000 | -1,000 | -3,500 | -1,500 | -1,000 | -1,500 | -750 | -2,546 | -500 | -1,000 | -500 | -500 | -2,700 | -1,000 | -1,000 |
Net Common Stock Issued (Repurchased) | -5,000 | -3,000 | -2,000 | -3,000 | -4,360 | -2,000 | -1,000 | -3,500 | -1,500 | -1,000 | -1,500 | -750 | -2,546 | -500 | -1,000 | -500 | -500 | -2,700 | -1,000 | -1,000 |
Issuance of Preferred Stock | - | 0 | 0 | 0 | 1,895 | 0 | 1,995 | 2,244 | - | 0 | 1,496 | - | - | - | - | - | - | - | 748 | 675 |
Repurchase of Preferred Stock | -1,450 | - | - | - | - | -1,500 | 0 | -350 | - | 0 | -1,000 | - | - | - | - | - | - | -2,000 | 0 | -675 |
Net Preferred Stock Issued (Repurchased) | -1,450 | 0 | 0 | 0 | 1,895 | -1,500 | 1,995 | 1,894 | - | 0 | 496 | - | - | - | - | - | - | -2,000 | 748 | 0 |
Common Dividends Paid | -1,588 | -1,463 | -1,476 | -1,223 | -1,115 | -1,153 | -1,169 | -1,052 | -1,123 | -1,065 | -1,099 | -1,012 | -1,013 | -815 | -997 | -857 | -815 | -551 | -792 | -560 |
Other Financing Activities | 73,912 | 13,622 | 25,781 | -11,926 | 34,492 | -5,919 | 13,220 | -3,451 | 17,991 | 26,001 | 6,955 | 15,619 | -3,850 | 33,145 | -738 | 8,326 | 33,145 | 32,604 | 18,637 | 23,938 |
Financing Cash Flow | 104,294 | 16,755 | 19,781 | -13,262 | 42,826 | -7,817 | 10,340 | -2,371 | 7,171 | 28,016 | 6,442 | 13,886 | -20,544 | 53,101 | 1,621 | 14,456 | 53,101 | 42,983 | 15,620 | 37,888 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -848 | -764 | -738 | 4,483 | 2,467 | -4,431 | 5,369 | -1,565 | -3,345 | 5,382 | -3,927 | -224 | 620 | - | -7,827 | -6,920 | -3,418 | - | - | - |
Net Cash Flow | 15,271 | -5,318 | 16,610 | -14,441 | -14,684 | 27,403 | -51,637 | -3,059 | -32,192 | 1,698 | -31,052 | 41,604 | -12,498 | 13,128 | -4,355 | 14,442 | 13,128 | 35,313 | -28,459 | 49,134 |
Free Cash Flow | -32,433 | -16,807 | 2,122 | 5,196 | -37,729 | 46,180 | -38,526 | 5,578 | -28,535 | -28,904 | -26,041 | 31,235 | 8,807 | -23,905 | 15,020 | 34,005 | -20,487 | -6,495 | -40,143 | 19,114 |
Free Cash Flow Growth | - | - | - | -6.85% | - | - | - | -82.14% | - | - | - | -8.15% | - | - | - | 77.91% | - | - | - | - |
FCF Margin | -188.27% | -124.92% | 13.98% | 35.63% | -250.49% | 332.97% | -303.38% | 43.81% | -200.77% | -255.38% | -220.37% | 286.69% | 72.05% | -201.49% | 125.43% | 286.62% | -158.41% | -42.21% | -295.00% | 124.21% |
Free Cash Flow Per Share | -105.30 | -53.71 | 6.74 | 16.32 | -116.27 | 140.62 | -116.46 | 16.63 | -84.05 | -84.79 | -75.72 | 89.96 | 25.07 | -67.02 | 41.82 | 94.33 | -57.56 | -18.44 | -113.43 | 53.69 |
Levered Free Cash Flow | -33,199 | 24,694 | -2,735 | 14,305 | -27,921 | 64,349 | -46,001 | 2,546 | -37,348 | -11,110 | -36,449 | 51,351 | -991 | -34,231 | 23,639 | 52,244 | -29,768 | 15,679 | -37,313 | 17,381 |
Unlevered Free Cash Flow | -71,392 | 17,331 | 27 | 11,668 | -39,680 | 61,782 | -43,085 | -1,390 | -28,950 | -15,049 | -37,863 | 51,467 | 12,291 | -55,361 | 19,390 | 44,898 | -50,931 | 188 | -35,246 | 2,010 |