The Goldman Sachs Group, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, The Goldman Sachs Group, Inc. reported net income of $17.18B on revenue of $58.28B. Operating cash flow was −$45.15B and capital expenditures were $2.06B, leaving −$47.22B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.79B | $32.73B | $36.62B | $36.55B | $44.56B | $59.34B | $47.37B | $46.25B | $53.51B | $58.28B |
| Net income | $7.40B | $4.29B | $10.46B | $8.47B | $9.46B | $21.64B | $11.26B | $8.52B | $14.28B | $17.18B |
| Diluted EPS | $16.29 | $9.01 | $25.27 | $21.03 | $24.74 | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 |
| Operating cash flow | $6.49B | −$20.49B | $16.56B | $23.87B | −$18.54B | $6.30B | $8.71B | −$12.59B | −$13.21B | −$45.15B |
| Capital expenditures | $2.87B | $3.18B | $7.98B | $8.44B | $6.31B | $4.67B | $3.75B | $2.32B | $2.09B | $2.06B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | — | 29.5% |
| Dec 2024 | — | — | 26.7% |
| Dec 2023 | — | — | 18.4% |
| Dec 2022 | — | — | 23.8% |
| Dec 2021 | — | — | 36.5% |
Source: SEC EDGAR XBRL company facts for CIK 886982 (raw data). Most recent filing in this dataset: 10-Q filed Nov 2, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.