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GOLDMAN SACHS GROUP INCFinancialsanswer key
| field | SEC value | XBRL concept | printed on |
|---|---|---|---|
| Total revenue | $58.3B | RevenuesNetOfInterestExpense | Total net revenues |
| Operating income | - | not reported | not in this filing's XBRL |
| Net income attributable to the company | $17.2B | NetIncomeLoss | Net earnings |
| Diluted EPS | $51.32 | EarningsPerShareDiluted | Diluted |
| Cash and cash equivalents | $164.3B | CashAndCashEquivalentsAtCarryingValue | Cash and cash equivalents |
| Total assets | $1.81T | Assets | Total assets · Total liabilities and shareholders’ equity |
| Total liabilities | $1.68T | Liabilities | Total liabilities |
| Total shareholders' equity attributable to the company | $125.0B | StockholdersEquity | Total shareholders’ equity |
| Net cash from operating activities | -$45.2B | NetCashProvidedByUsedInOperatingActivities | Net cash used for operating activities |
| Net cash from investing activities | -$44.2B | NetCashProvidedByUsedInInvestingActivities | Net cash used for investing activities |
| Net cash from financing activities | $66.1B | NetCashProvidedByUsedInFinancingActivities | Net cash provided by financing activities |
Income statement
table #228 · score 52.5 vs 33 runner-up · in millions| Year Ended December | |||
| in millions, except per share amounts | 2025 | 2024 | 2023 |
| Revenues | |||
| Investment banking | 9,348 | 7,738 | 6,218 |
| Investment management | 11,749 | 10,596 | 9,532 |
| Commissions and fees | 4,042 | 4,086 | 3,789 |
| Market making | 17,993 | 18,390 | 18,238 |
| Other principal transactions | 1,592 | 4,646 | 2,126 |
| Total non-interest revenues | 44,724 | 45,456 | 39,903 |
| Interest income | 80,373 | 81,397 | 68,515 |
| Interest expense | 66,814 | 73,341 | 62,164 |
| Net interest income | 13,559 | 8,056 | 6,351 |
| Total net revenues | 58,283 | 53,512 | 46,254 |
| Provision for credit losses | (1,113) | 1,348 | 1,028 |
| Operating expenses | |||
| Compensation and benefits | 18,906 | 16,706 | 15,499 |
| Transaction based | 7,997 | 6,724 | 5,698 |
| Market development | 710 | 646 | 629 |
| Communications and technology | 2,170 | 1,991 | 1,919 |
| Depreciation and amortization | 2,182 | 2,392 | 4,856 |
| Occupancy | 958 | 973 | 1,053 |
| Professional fees | 1,770 | 1,652 | 1,623 |
| Other expenses | 2,851 | 2,683 | 3,210 |
| Total operating expenses | 37,544 | 33,767 | 34,487 |
| Pre-tax earnings | 21,852 | 18,397 | 10,739 |
| Provision for taxes | 4,676 | 4,121 | 2,223 |
| Net earnings | 17,176 | 14,276 | 8,516 |
| Preferred stock dividends | 876 | 751 | 609 |
| Net earnings applicable to common shareholders | 16,300 | 13,525 | 7,907 |
| Earnings per common share | |||
| Basic | 51.95 | 41.07 | 23.05 |
| Diluted | 51.32 | 40.54 | 22.87 |
| Average common shares | |||
| Basic | 312.7 | 328.1 | 340.8 |
| Diluted | 317.6 | 333.6 | 345.8 |
Balance sheet
table #231 · score 52.8 vs 25 runner-up · in millions| As of December | ||
| in millions | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | 164,259 | 182,092 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (includes $126,007 and $179,793 at fair value) | 126,007 | 180,062 |
| Securities borrowed (includes $51,581 and $46,902 at fair value) | 208,208 | 194,645 |
| Customer and other receivables (includes $315 and $23 at fair value) | 185,842 | 133,717 |
| Trading assets (at fair value and includes $158,641 and $148,417 pledged as collateral) | 656,796 | 570,555 |
| Investments: | ||
| Available-for-sale securities (at fair value; amortized cost of $99,116 and $80,777) | 99,244 | 79,458 |
| Held-to-maturity securities | 69,193 | 78,713 |
| Other investments (includes $24,938 and $25,284 at fair value) | 25,825 | 26,343 |
| Loans (net of allowance of $2,148 and $4,666, and includes $4,905 and $5,460 at fair value) | 237,734 | 196,200 |
| Other assets (includes $180 and $194 at fair value) | 36,212 | 34,187 |
| Total assets | 1,809,320 | 1,675,972 |
| Liabilities and shareholders’ equity | ||
| Deposits (includes $76,569 and $44,855 at fair value) | 501,422 | 433,013 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 223,384 | 274,380 |
| Securities loaned (includes $11,995 and $10,246 at fair value) | 53,644 | 56,060 |
| Other secured financings (includes $27,833 and $27,985 at fair value) | 28,021 | 28,150 |
| Customer and other payables | 231,865 | 223,255 |
| Trading liabilities (at fair value) | 262,552 | 202,555 |
| Unsecured short-term borrowings (includes $59,758 and $50,367 at fair value) | 70,459 | 69,709 |
| Unsecured long-term borrowings (includes $112,683 and $89,189 at fair value) | 285,500 | 242,634 |
| Other liabilities (includes $111 and $84 at fair value) | 27,501 | 24,220 |
| Total liabilities | 1,684,348 | 1,553,976 |
| Commitments, contingencies and guarantees | ||
| Shareholders’ equity | ||
| Preferred stock; aggregate liquidation preference of $15,153 and $13,253 | 15,153 | 13,253 |
| Common stock; 931,995,446 and 927,499,667 shares issued, and 296,476,742 and 310,653,708 shares outstanding | 9 | 9 |
| Share-based awards | 5,795 | 5,148 |
| Nonvoting common stock; no shares issued and outstanding | - | - |
| Additional paid-in capital | 61,906 | 61,376 |
| Retained earnings | 165,288 | 153,412 |
| Accumulated other comprehensive loss | (2,260) | (2,702) |
| Stock held in treasury, at cost; 635,518,706 and 616,845,961 shares | (120,919) | (108,500) |
| Total shareholders’ equity | 124,972 | 121,996 |
| Total liabilities and shareholders’ equity | 1,809,320 | 1,675,972 |
Cash flow statement
table #235 · score 55 vs 13.5 runner-up · in millions| Year Ended December | |||
| in millions | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net earnings | 17,176 | 14,276 | 8,516 |
| Adjustments to reconcile net earnings to net cash used for operating activities: | |||
| Depreciation and amortization | 2,182 | 2,392 | 4,856 |
| Deferred income taxes | 204 | (800) | (1,360) |
| Share-based compensation | 3,445 | 2,663 | 2,085 |
| Provision for credit losses | (1,113) | 1,348 | 1,028 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (43,206) | (8,367) | (28,219) |
| Collateralized transactions (excluding other secured financings), net | (12,891) | 68,582 | 160,227 |
| Trading assets | (69,866) | (86,991) | (163,807) |
| Trading liabilities | 57,560 | (212) | 5,751 |
| Loans held for sale, net | (504) | 537 | 1,635 |
| Other, net | 1,859 | (6,640) | (3,299) |
| Net cash used for operating activities | (45,154) | (13,212) | (12,587) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (2,064) | (2,091) | (2,316) |
| Proceeds from sales of property, leasehold improvements and equipment | 803 | 1,613 | 3,278 |
| Net cash received from business dispositions | 1,536 | 3,622 | 487 |
| Available-for-sale securities: | |||
| Purchases | (77,429) | (60,852) | (9,185) |
| Proceeds from sales | 61,325 | 19,005 | 3,161 |
| Proceeds from paydowns and maturities | 43 | 12,809 | 8,130 |
| Held-to-maturity securities: | |||
| Purchases | (11,279) | (23,018) | (26,238) |
| Proceeds from paydowns and maturities | 21,687 | 15,549 | 8,604 |
| Other investments: | |||
| Purchases | (9,392) | (8,226) | (4,833) |
| Proceeds from sales, paydowns and maturities | 9,892 | 9,010 | 6,953 |
| Loans (excluding loans held for sale), net | (39,349) | (17,045) | (5,353) |
| Net cash used for investing activities | (44,227) | (49,624) | (17,312) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 2,988 | 934 | 2,050 |
| Other secured financings (short-term), net | (3,877) | 13,707 | 673 |
| Proceeds from issuance of other secured financings (long-term) | 6,510 | 5,243 | 3,047 |
| Repayment of other secured financings (long-term), including the current portion | (3,331) | (2,036) | (3,570) |
| Proceeds from issuance of unsecured long-term borrowings | 88,196 | 67,252 | 47,153 |
| Repayment of unsecured long-term borrowings, including the current portion | (71,502) | (74,519) | (54,066) |
| Derivative contracts with a financing element, net | 2,313 | 2,390 | 3,280 |
| Deposits, net | 62,783 | 5,894 | 39,723 |
| Preferred stock redemption | - | (2,200) | (1,000) |
| Common stock repurchased | (12,360) | (8,000) | (5,796) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (2,156) | (1,331) | (1,345) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (5,277) | (4,497) | (4,189) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,895 | 4,239 | 1,496 |
| Other financing, net | (82) | 247 | 344 |
| Net cash provided by financing activities | 66,100 | 7,323 | 27,800 |
| Effect of exchange rate changes on cash and cash equivalents | 5,448 | (3,972) | 1,851 |
| Net decrease in cash and cash equivalents | (17,833) | (59,485) | (248) |
| Cash and cash equivalents, beginning balance | 182,092 | 241,577 | 241,825 |
| Cash and cash equivalents, ending balance | 164,259 | 182,092 | 241,577 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 65,494 | 72,623 | 60,026 |
| Cash payments for income taxes, net | 3,990 | 3,673 | 2,389 |