Global investment banking, securities, and investment management firm serving corporations, financial institutions, and governments.
Profile & Fundamentals
The Goldman Sachs Group: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
The Goldman Sachs Group Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; equity and debt underwriting of public offerings and private placements; relationship lending and acquisition financing; secured lending through structured credit and asset-backed lending, such as warehouse, residential and commercial mortgage, corporate, consumer, auto, and student loans; financing through securities purchased under agreements to resell; and commodity financing through structured transactions. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products. Its Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, commodities, and asset allocation strategies; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards; and transaction banking and other services, such as deposit-taking, payment solutions, and other cash management services for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Company profile record
Goldman Sachs Group Inc
Common Stock · Financials · Investment Banking & Brokerage
Company
- Company / asset
- Goldman Sachs Group Inc
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Investment Banking & Brokerage
- HQ
- 🇺🇸 United States
- Head office
- 200 West Street, New York, NY, United States, 10282
Leadership & scale
- Chief executive
- Mr. David M. Solomon
- CEO year born
- 1962
- Full-time employees
- 46.2K
- Fiscal year end
- December
- IPO date
- 1999-05-03
Fundamentals snapshot
- Market Cap
- USD 273.6B
- P/E
- 13.0x
- Revenue (Q2 26)
- USD 38.4B
- Profit (Q2 26)
- USD 6.6B
- Dividend Yield
- 1.4%
- Revenue (FY 25)
- USD 125.1B
- Shares in public float
- 301.1M
- Insider ownership
- 0.55%
Reporting & identifiers
- Symbol
- GS.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US38141G1040
- Asset ID
- equity_f39e281c-e020-5a97-94c9-8352f25a09f5
Ownership
Shares Outstanding
Latest: 304.9M | Max: 389.8M | Min: 304.9M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.74%
301.1M latest reported shares
Insider Ownership
0.55%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 389,800,000 |
| 2018-01-01 | 384,300,000 |
| 2019-01-01 | 367,300,000 |
| 2020-01-01 | 361,000,000 |
| 2021-01-01 | 352,300,000 |
| 2022-01-01 | 356,700,000 |
| 2023-01-01 | 345,800,000 |
| 2024-01-01 | 328,400,000 |
| 2025-01-01 | 317,600,000 |
| 2026-01-01 | 304,900,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 23,989,366 | 8.24% | 2026-03-31 |
| State Street Corp | 19,255,058 | 6.61% | 2026-03-31 |
| Vanguard Capital Management, LLC | 18,386,634 | 6.31% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,798,674 | 3.02% | 2026-08-31 |
| Vanguard 500 Index Investor | 7,364,462 | 2.53% | 2026-08-31 |
| JPMorgan Chase & Co | 7,215,462 | 2.48% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 7,208,245 | 2.48% | 2026-03-31 |
| Geode Capital Management, LLC | 7,114,833 | 2.44% | 2026-03-31 |
| Fisher Asset Management, LLC | 6,964,113 | 2.39% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 6,816,599 | 2.34% | 2026-03-31 |
| Bank of America Corp | 6,455,011 | 2.22% | 2026-03-31 |
| State Street®SPDR®DowJonesIndstrAvgETFTr | 5,075,224 | 1.74% | 2026-08-31 |
| iShares Core S&P 500 ETF | 3,928,175 | 1.35% | 2026-08-31 |
| Fidelity 500 Index | 3,814,749 | 1.31% | 2026-07-31 |
| State Street® SPDR® S&P 500® ETF | 3,615,136 | 1.24% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Goldman Sachs demonstrated explosive financial growth through mid-2026, generating twenty-one billion dollars in trailing net income. Second-quarter net profits jumped seventy-eight percent to 6.63 billion dollars, driven by record equities trading and landmark technology public offerings. Discontinuing retail consumer banking removed multi-billion-dollar credit losses, restoring core wholesale operating leverage. However, these stellar headline results reflect peak capital markets conditions rather than a permanently higher baseline. Sequential quarterly revenues remain volatile, while negative dealer cash flows simply mirror balance-sheet inventory expansion. True underlying earnings power sits closer to mid-cycle averages than recent quarterly records imply.
Goldman Sachs demonstrated explosive financial growth through mid-2026, generating twenty-one billion dollars in trailing net income. Second-quarter net profits jumped seventy-eight percent to 6.63 billion dollars, driven by record equities trading and landmark technology public offerings. Discontinuing retail consumer banking removed multi-billion-dollar credit losses, restoring core wholesale operating leverage. However, these stellar headline results reflect peak capital markets conditions rather than a permanently higher baseline. Sequential quarterly revenues remain volatile, while negative dealer cash flows simply mirror balance-sheet inventory expansion. True underlying earnings power sits closer to mid-cycle averages than recent quarterly records imply.
Revenue, Net Income, and Free Cash Flow
Latest: USD 125.1B | Max: USD 126.9B | Min: USD -47.2B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 16x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins staged a remarkable resurgence, with operating margins widening to 17.5% in fiscal 2025 and trailing net margins approaching 18%. In peak quarters, annualized return on equity reached 23.5%, propelled by surging underwriting fees and active trading desks that outran fixed compensation expenses. While scaling asset management fees provides a higher floor, profitability remains tethered to market cycles. Wall Street compensation accruals consume roughly one-third of revenues, while technology depreciation adds fixed overhead. As extraordinary underwriting fees normalize toward mid-cycle averages, return on equity will naturally settle toward sustainable mid-teens levels.
Profitability margins staged a remarkable resurgence, with operating margins widening to 17.5% in fiscal 2025 and trailing net margins approaching 18%. In peak quarters, annualized return on equity reached 23.5%, propelled by surging underwriting fees and active trading desks that outran fixed compensation expenses. While scaling asset management fees provides a higher floor, profitability remains tethered to market cycles. Wall Street compensation accruals consume roughly one-third of revenues, while technology depreciation adds fixed overhead. As extraordinary underwriting fees normalize toward mid-cycle averages, return on equity will naturally settle toward sustainable mid-teens levels.
Profitability Margins
Latest: 47.5% | Max: 90.8% | Min: 7.9%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
47.5%
Gross profit / revenue
Operating Margin
17.5%
Operating income / revenue
Net Margin
13.7%
Net income / revenue
FCF Margin
-37.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 37,894,000,000 | 7,398,000,000 | 2,694,000,000 |
| 2017-12-31 | 42,797,000,000 | 4,286,000,000 | -20,927,000,000 |
| 2018-12-31 | 52,368,000,000 | 10,459,000,000 | 12,439,000,000 |
| 2019-12-31 | 53,902,000,000 | 8,466,000,000 | 15,425,000,000 |
| 2020-12-31 | 53,497,000,000 | 9,459,000,000 | -20,037,000,000 |
| 2021-12-31 | 64,989,000,000 | 21,635,000,000 | -3,746,000,000 |
| 2022-12-31 | 68,711,000,000 | 11,261,000,000 | 4,960,000,000 |
| 2023-12-31 | 108,418,000,000 | 8,516,000,000 | -14,903,000,000 |
| 2024-12-31 | 126,853,000,000 | 14,276,000,000 | -15,303,000,000 |
| 2025-12-31 | 125,097,000,000 | 17,176,000,000 | -47,218,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 16.25 | Trailing four quarters |
| 2024-12-31 | 13.17 | Trailing four quarters |
| 2023-12-31 | 15.66 | Trailing four quarters |
| 2022-12-31 | 10.88 | Annual net income |
| 2021-12-31 | 6.23 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 80.77 | 27.19 | 19.52 | 7.11 |
| 2017-12-31 | 74.68 | 26.01 | 10.01 | -48.9 |
| 2018-12-31 | 68.33 | 23.83 | 19.97 | 23.75 |
| 2019-12-31 | 65.79 | 19.63 | 15.71 | 28.62 |
| 2020-12-31 | 77.5 | 23.33 | 17.68 | -37.45 |
| 2021-12-31 | 90.76 | 41.61 | 33.29 | -5.76 |
| 2022-12-31 | 64.98 | 19.63 | 16.39 | 7.22 |
| 2023-12-31 | 41.71 | 9.91 | 7.85 | -13.75 |
| 2024-12-31 | 41.12 | 14.5 | 11.25 | -12.06 |
| 2025-12-31 | 47.48 | 17.47 | 13.73 | -37.75 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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