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The Goldman Sachs Group, Inc. (GS)
NYSE: GS · Real-Time Price · USD
895.32
+12.73 (1.44%)
At close: Oct 9, 2026, 4:00 PM EDT
897.02
+1.70 (0.19%)
After-hours: Oct 9, 2026, 7:59 PM EDT

The Goldman Sachs Group Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
6,6285,6304,6174,0983,7234,7384,1112,9903,0434,1322,0082,0581,2163,2341,3263,0692,9273,9393,9355,378
Depreciation & Amortization, Total
5094955074904955065425285475471,525568605580857536570492488509
Stock-Based Compensation
4392,5302582375332,4171041205951,844772282391,5412723003833,128207180
Change in Accounts Receivable
-12,25036,161-32,6301,132-10,801-907-15,9105,2164,134-1,807-14,17711,974-21,086-4,93013,561-3,697-1,60526,75510,9613,738
Change in Other Net Operating Assets
35,12532,58814,48615,21934,006-19,54635,71322,82710,104263-1569,64843,253114,868-136,35335,50030,570-19,4905,554-30,038
Other Operating Activities
4,094-5,5521,5673873,568-3,459-4,041-1,1741,070-3,295-3321,178537-6,0421,2917272,413-6,756-8,262-
Operating Cash Flow
6,105-31,868-16,2762,6805,672-37,23046,766-38,0606,120-28,038-28,358-25,53431,9019,404-33,16216,01045,394-19,53430,274-39,260

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-502-565-531-558-476-499-586-466-542-497-546-507-666-597-754-990-1,051-953-1,119-883
Cash Acquisitions
-1,424-359--------8--8--2-283-1,817-13--
Investment in Securities
-19,505-42,4398,538655-4,923-9,423-2,016-21,595-4,537-7,575534-7,720-3,927-2,295-2,666-13,371-25,127-6,411-2,3404,276
Investing Cash Flow
-28,572-56,307-5,033-5,113-11,334-22,747-7,115-29,286-5,243-7,980-3,342-8,033-3,959-1,978-6,292-14,159-38,488-17,021-13,938-4,819

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Short-Term Debt Issued
-14,466---2,932---6,769---7,878---8,744--
Long-Term Debt Issued
-58,895---29,054---15,536---8,876---37,471--
Total Debt Issued
63,18473,36129,33412,16024,21431,98620,82519,88924,11722,30520,22712,6923,25016,75413,07310,57216,78346,21525,8487,520
Short-Term Debt Repaid
------3,821--------------
Long-Term Debt Repaid
--20,475----17,140----23,733----22,011----16,200--
Total Debt Repaid
-23,638-20,475-20,498-13,714-23,537-20,961-15,324-20,665-16,833-23,733-15,129-10,162-10,334-22,011-9,076-13,708-9,512-16,200-16,591-19,291
Net Debt Issued (Repaid)
39,54652,8868,836-1,55467711,0255,501-7767,284-1,4285,0982,530-7,084-5,2573,997-3,1367,27130,0159,257-11,771
Repurchase of Common Stock
-4,259-7,605-3,000-2,010-3,295-6,211-2,000-1,005-3,574-2,752-1,001-1,505-810-3,825-1,504-1,023-537-2,031-501-1,014
Dividends Paid
--1,588-1,463---1,115-1,153-1,169-1,052-1,123----1,013-1,013-997-857-815-822-
Other Financing Activities
-3,69662,05112,37723,345-10,64437,232-8,67511,295-6,57312,47423,9144,92121,780-10,449-11,0566,7778,57925,93229,56427,657
Financing Cash Flow
30,916104,29416,75519,781-13,26242,826-7,81710,340-2,3717,17128,0166,44213,886-20,544-9,5761,62114,45653,10138,24715,620

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-713-848-764-7384,4832,467-4,4315,369-1,565-3,3455,382-3,927-2246206,604-7,827-6,920-3,418-5,377-
Net Cash Flow
7,73615,271-5,31816,610-14,441-14,68427,403-51,637-3,059-32,1921,698-31,05241,604-12,498-42,426-4,35514,44213,12849,206-28,459

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
5,603-32,433-16,8072,1225,196-37,72946,180-38,5265,578-28,535-28,904-26,04131,2358,807-33,91615,02044,343-20,48729,155-40,143
Free Cash Flow Growth (YoY)
7.83%----6.85%----82.14%----29.56%---131.99%-99.54%-
Free Cash Flow Margin
27.69%-191.78%-107.90%14.29%36.59%-255.36%341.62%-313.17%44.81%-205.36%-269.10%-220.50%303.84%71.05%-352.52%131.06%396.03%-165.59%237.13%-298.84%
Free Cash Flow Per Share
18.38-105.27-53.716.7416.32-116.27140.62-116.4616.63-84.05-84.79-75.7289.9625.08-95.0841.81123.00-57.5682.76-113.43

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
16,45118,02715,67816,85817,00415,95418,10219,13618,24617,13916,84015,60914,49513,0829,1406,1442,4391,2991,1271,371
Cash Income Tax Paid
--1,052581--8637461,5395255742991,0574591,5091,4461,1654351,4261,470
SEC Filings: 10-K · 10-Q