Goldman Sachs (GS): financials, SEC filings and peers
Goldman Sachs (GS) is an investment banking & brokerage company in the Financials sector of the S&P 500, headquartered in New York City, New York.
It was founded in 1869 and joined the S&P 500 on July 22, 2002.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Security Brokers, Dealers & Flotation Companies”.
Goldman Sachs at a glance
- Revenue (12 months)
- $66.2B
- Revenue growth
- +17.8%
- Operating margin
- 39.7%
- Net income (12 months)
- $21.0B
- Free cash flow (12 months)
- −$41.5B
- Cash
- $187.3B
- Debt
- —
- Diluted EPS (12 months)
- $64.77
Twelve months to June 30, 2026, from the 10-Q filed August 3, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Goldman Sachs reported revenue of $66.2 billion, up 17.8% from a year earlier.
Its operating margin was 39.7%, down 119.9 percentage points from a year earlier: for every $100 of sales, about $40 was left as operating profit.
Net income was $21.0 billion (31.7% of revenue), 34.8% higher than a year earlier.
Operating cash flow was −$39.4 billion and capital spending $2.2 billion, leaving free cash flow of −$41.5 billion (-62.7% of revenue).
At the end of the period it held $187.3 billion in cash and not reported in debt, a net cash position of $187.3 billion.
The diluted share count fell 4.2% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $44.6 billion in fiscal 2020 to $58.3 billion in fiscal 2025, about 5.5% a year.
- Free cash flow was negative in 4 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $59.3B | $47.4B | $46.3B | $53.5B | $58.3B |
| Revenue growth | 33.2% | -20.2% | -2.3% | 15.7% | 8.9% |
| Operating margin | — | — | — | — | — |
| Net income | $21.6B | $11.3B | $8.5B | $14.3B | $17.2B |
| Free cash flow | $1.6B | $5.0B | −$14.9B | −$15.3B | −$47.2B |
| Diluted EPS | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 |
Fiscal years as reported in Goldman Sachs’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Companies like Goldman Sachs
Other S&P 500 companies in Investment Banking & Brokerage:
- HOODRobinhood MarketsMenlo Park, California
- IBKRInteractive BrokersGreenwich, Connecticut
- MSMorgan StanleyNew York City, New York
- RJFRaymond James FinancialSt. Petersburg, Florida
- SCHWCharles Schwab CorporationWestlake, Texas
More from Financials
Questions about Goldman Sachs
Is Goldman Sachs's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $66.2 billion, up 17.8% from a year earlier, according to its SEC filings.
Is Goldman Sachs profitable?
Yes. It earned $21.0 billion in net income over the twelve months to June 30, 2026, a net margin of 31.7%.
Which companies are similar to Goldman Sachs?
In the S&P 500, Goldman Sachs is grouped in Investment Banking & Brokerage within the Financials sector. Robinhood Markets (HOOD), Interactive Brokers (IBKR), Morgan Stanley (MS), Raymond James Financial (RJF), Charles Schwab Corporation (SCHW) are in the same group.
Understand the numbers
Source: Goldman Sachs’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.