The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024. In the quarter to September 2026, revenue grew 23.0%, EPS grew 44.0%, free cash flow grew 5.62% and total debt rose 27.1%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years.
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The Goldman Sachs Group, Inc. (GS) Free cash flow
The Goldman Sachs Group, Inc.'s free cash flow for fiscal 2025 was −$46.4B, compared with −$13.7B in fiscal 2024. Over the twelve months to 30 June 2026 it was −$40.9B. Over the past ten years it has ranged from −$46.4B (fiscal 2025) to $22.1B (fiscal 2019) — the current reading is the lowest in ten years. Free cash flow has fallen for 3 consecutive fiscal years. The Goldman Sachs Group, Inc. ranks 90th of 90 Capital Markets companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$46.4B | — |
| FY2024 | −$13.7B | — |
| FY2023 | −$11.6B | — |
| FY2022 | $7.7B | 37.78% |
| FY2021 | $5.6B | — |
| FY2020 | −$21.9B | — |
| FY2019 | $22.1B | 79.43% |
| FY2018 | $12.3B | — |
| FY2017 | −$23.1B | — |
| FY2016 | $4.0B | (49.09%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $5.7B | — |
| Mar 2026 | −$32.4B | — |
| Dec 2025 | −$16.5B | — |
| Sep 2025 | $2.2B | (58.96%) |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| IBKR Interactive Brokers Group, Inc. compare | $15.8B |
| SCHW The Charles Schwab Corporation compare | $10.8B |
| NMR Nomura Holdings Inc ADR compare | $5.3B |
| TW Tradeweb Markets Inc. compare | $1.1B |
| CRCL Circle Internet Group, Inc. compare | $694.4M |
| HOOD Robinhood Markets, Inc. compare | $178.0M |
| LPLA LPL Financial Holdings Inc. compare | −$931.3M |
| MS Morgan Stanley compare | −$18.6B |
| GS The Goldman Sachs Group, Inc. | −$40.9B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on GS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement