The Goldman Sachs Group, Inc. GS
935.45
12.16
1.32%
as of 25 Sep
- Market cap
- $269.9B
- P/E
- 14.3×
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The Goldman Sachs Group, Inc. (GS) Debt to equity
The Goldman Sachs Group, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 2.8×, up 0.6× from fiscal 2025 (2.3×). Over the past ten years it has ranged from 2.0× (fiscal 2024) to 2.6× (fiscal 2017); the current reading is higher than 64% of that period. That is above the Capital Markets industry median of 0.1× and above the Financial sector median of 0.2×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 2.3× | 14.86% |
| FY2024 | 2.0× | (3.87%) |
| FY2023 | 2.1× | (1.89%) |
| FY2022 | 2.1× | (8.76%) |
| FY2021 | 2.3× | 3.87% |
| FY2020 | 2.2× | (3.00%) |
| FY2019 | 2.3× | (7.70%) |
| FY2018 | 2.5× | (6.10%) |
| FY2017 | 2.6× | 21.64% |
| FY2016 | 2.2× | 7.58% |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 2.8× | 10.35% |
| Mar 2026 | 2.6× | 12.45% |
| Dec 2025 | 2.3× | 2.63% |
| Sep 2025 | 2.2× | (1.33%) |
| 42 more quarters | Free account |
Against its own ten years
Low 2.0×
High 2.6×
Ten-year median
2.2×
Current reading's percentile
64
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| IBKR Interactive Brokers Group, Inc. compare | 0.0× |
| TW Tradeweb Markets Inc. compare | 0.0× |
| CRCL Circle Internet Group, Inc. compare | 0.0× |
| SCHW The Charles Schwab Corporation compare | 0.5× |
| LPLA LPL Financial Holdings Inc. compare | 1.3× |
| HOOD Robinhood Markets, Inc. compare | 2.4× |
| GS The Goldman Sachs Group, Inc. | 2.8× |
| MS Morgan Stanley compare | 3.3× |
| NMR Nomura Holdings Inc ADR compare | 8.1× |
| Capital Markets industry median | 0.1× |
| Financial sector median | 0.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on GS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement