Stock research

The Goldman Sachs Group, Inc. (GS) Stock Research

Goldman Sachs is a leading global investment bank strong in advisory, trading, and asset and wealth management.

For the fiscal year ended December 31, 2025, The Goldman Sachs Group, Inc. reported revenue of $58.3B and net income of $17.2B, with operating cash flow of −$45.2B. Source: Form 10-K filed February 25, 2026

SEC data as of

Revenue
$58.3B
FY ending 2025-12-31
Net income
$17.2B
FY ending 2025-12-31
Diluted EPS
$51.32
Net margin
29.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Goldman Sachs

Its results are closely tied to capital-markets activity and dealmaking cycles.

Exchange
NYSE: GS
Sector
Financials
SEC industry
Security Brokers, Dealers & Flotation Companies (SIC 6211)
Fiscal year end
December 31
Headquarters
New York, New York
Founded
1869

GS key financials

Reported figures from The Goldman Sachs Group, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$58.3B2025-01-01 – 2025-12-31SEC filing
Net income$17.2B2025-01-01 – 2025-12-31SEC filing
Operating cash flow−$45.2B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$51.322025-01-01 – 2025-12-31SEC filing
Net margin29.5%2025-01-01 – 2025-12-31SEC filing
Shares outstanding297MAs of 2026-02-06SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in GS

The Goldman Sachs Group, Inc. sits in Financials. Banks, insurers, asset managers, and exchanges — the plumbing of capital markets, geared directly to interest rates and credit. We have not yet written company-specific drivers for GS; the forces that matter most for the sector are:

  • ◆The shape of the yield curve and net interest margins
  • ◆Credit quality and loan-loss provisions
  • ◆Regulation and capital requirements
  • ◆Deal activity and market volatility

Key questions for the GS thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does GS's reported profit turn into cash?

Operating cash flow was −$45.2B, -2.63 times net income of $17.2B, for the fiscal year ended December 31, 2025.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed February 25, 2026

How much of GS's revenue is left as profit?

Net income was 29.5% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 25, 2026

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Congressional trading in GS

PoliticianTrade dateTypeOwnerAmountSource
Gilbert Cisneros2026-08-26PurchaseSelf$1,001 - $15,000Filing #20035390
Josh Gottheimer2026-04-16PurchaseJoint$1,001 - $15,000Filing #20034585
Josh Gottheimer2026-04-09SaleJoint$15,001 - $50,000Filing #20034585
Alan Armstrong2026-03-30PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Alan Armstrong2026-03-27PurchaseSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Maria Salazar2026-03-19PurchaseSelf$15,001 - $50,000Filing #20033993
Maria Salazar2026-03-19PurchaseSelf$15,001 - $50,000Filing #20033993
Dave McCormick2026-01-23SaleSpouse$1,000,001 - $5,000,000Filing #f977c281-48c1-4de0-af95-6765127f4720
Julie Johnson2025-12-18SaleJoint$1,001 - $15,000Filing #20033789
Steve Cohen2025-12-17SaleSelf$15,001 - $50,000Filing #20033754

All verified GS congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

GS — frequently asked questions

What does The Goldman Sachs Group, Inc. do?

Goldman Sachs is a leading global investment bank strong in advisory, trading, and asset and wealth management.

What were GS's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, The Goldman Sachs Group, Inc. reported revenue of $58.3B and net income of $17.2B, with operating cash flow of −$45.2B. The figures come from The Goldman Sachs Group, Inc.'s SEC XBRL filings.

When does The Goldman Sachs Group, Inc.'s fiscal year end?

The SEC lists The Goldman Sachs Group, Inc.'s fiscal year end as December 31.

Do members of Congress trade GS?

The current verified House and Senate snapshot contains 53 transaction rows for GS, each linked to the original filing.

Where is The Goldman Sachs Group, Inc. headquartered?

The Goldman Sachs Group, Inc. is headquartered in New York, New York and was founded in 1869.

Is GS a good investment?

This page does not rate GS as a buy or sell. It sets out what The Goldman Sachs Group, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the GS numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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