The Goldman Sachs Group, Inc. (GS)

The Goldman Sachs Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	79,948	81,397	68,515	29,024	12,120	13,689
Total Interest Expense	67,752	73,341	62,164	21,346	5,650	8,938
Net Interest Income	12,196	8,056	6,351	7,678	6,470	4,751
Brokerage Commission	4,622	4,086	3,789	4,034	3,590	3,539
Trading & Principal Transactions	21,584	23,036	20,364	19,288	26,972	20,184
Asset Management Fee	11,471	10,596	9,532	9,005	8,171	6,986
Underwriting & Investment Banking Fee	8,825	7,738	6,218	7,360	14,136	9,100
Revenue Before Loan Losses	58,698	53,512	46,254	47,365	59,339	44,560
Provision for Loan Losses	1,361	1,348	1,028	2,715	357	3,098
Revenue	57,337	52,164	45,226	44,650	58,982	41,462
Revenue Growth (YoY)	16.10%	15.34%	1.29%	-24.30%	42.26%	16.86%
Salaries & Employee Benefits	18,000	16,706	15,499	15,148	17,719	13,309
Cost of Services Provided	13,144	11,986	10,922	10,845	9,465	8,155
Other Operating Expenses	2,786	2,683	2,681	2,716	2,739	2,197
Total Operating Expenses	35,855	33,539	32,380	30,850	31,795	25,563
Operating Income	21,482	18,625	12,846	13,800	27,187	15,899
EBT Excluding Unusual Items	21,482	18,625	12,846	13,800	27,187	15,899
Impairment of Goodwill	-	-	-504	-	-	-
Asset Writedown	-228	-228	-1,074	-314	-143	-
Legal Settlements	-	-	-	-	-	-3,420
Other Unusual Items	-	-	-529	-	-	-
Pretax Income	21,254	18,397	10,739	13,486	27,044	12,479
Income Tax Expense	4,584	4,121	2,223	2,225	5,409	3,020
Net Income	16,670	14,276	8,516	11,261	21,635	9,459
Preferred Dividends & Other Adjustments	881	801	660	550	519	569
Net Income to Common	15,789	13,475	7,856	10,711	21,116	8,890
Net Income Growth	36.94%	67.64%	-24.38%	-47.95%	128.72%	11.73%
Shares Outstanding (Basic)	317	328	341	352	351	356
Shares Outstanding (Diluted)	317	334	346	358	356	360
Shares Change (YoY)	-5.96%	-3.53%	-3.44%	0.65%	-1.25%	-4.05%
EPS (Basic)	49.86	41.07	23.05	30.42	60.25	24.94
EPS (Diluted)	49.86	40.54	22.87	30.06	59.45	24.74
EPS Growth	46.39%	77.31%	-23.93%	-49.44%	140.25%	17.65%
Free Cash Flow	-	-15,303	-14,903	4,960	1,631	-24,844
Free Cash Flow Per Share	-	-45.87	-43.10	13.85	4.58	-68.95
Dividend Per Share	13.000	11.500	10.500	9.000	6.500	5.000
Dividend Growth	15.56%	9.52%	16.67%	38.46%	30.00%	20.48%
Operating Margin	37.47%	35.70%	28.40%	30.91%	46.09%	38.35%
Profit Margin	27.54%	25.83%	17.37%	23.99%	35.80%	21.44%
Free Cash Flow Margin	-	-29.34%	-32.95%	11.11%	2.77%	-59.92%
Effective Tax Rate	21.57%	22.40%	20.70%	16.50%	20.00%	24.20%

Updated Oct 14, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q