The Goldman Sachs Group, Inc.

GS Financial Capital Markets

The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024.

Revenue
+23.0%
EPS
+38.8%
Free cash flow
+63.7%
Total debt
+27.1%

Quarter to September 2026, against a year earlier

866.56 2.39 −0.28%
Market cap
$250.6B
P/E
12.3×
Fwd P/E
12.5×
Dividend yield
2.08%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The Goldman Sachs Group, Inc. (GS) P/E ratio

Alert me on P/E ratio

As of 6 November 2026, The Goldman Sachs Group, Inc. (GS) trades at a P/E ratio of 12.3×. Over the past ten years it has ranged from 5.3× (March 2022) to 31.0× (March 2018); the current reading is higher than 52% of that period. That is below the Capital Markets industry median of 14.2× and in line with the Financial sector median of 12.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 16.9× 21.39%
FY2024 13.9× (17.37%)
FY2023 16.9× 48.14%
FY2022 11.4× 79.10%
FY2021 6.4× (24.21%)
FY2020 8.4× (22.74%)
FY2019 10.9× 66.00%
FY2018 6.5× (77.44%)
FY2017 29.0× 99.54%
FY2016 14.5× (0.83%)

Quarterly newest first

Period P/E ratio Change
Sep 2026 12.8× (17.07%)
Jun 2026 15.4× 0.90%
Mar 2026 15.3× (9.82%)
Dec 2025 16.9× 5.96%
43 more quarters

Against its own ten years

Low 5.3× High 31.0×
Ten-year median 12.1×
Current reading's percentile 48

P/E ratio against peers

Company P/E ratio
NMR Nomura Holdings Inc ADR compare 9.5×
GS The Goldman Sachs Group, Inc. 12.3×
MS Morgan Stanley compare 14.2×
SCHW The Charles Schwab Corporation compare 15.5×
LPLA LPL Financial Holdings Inc. compare 16.9×
IBKR Interactive Brokers Group, Inc. compare 28.8×
TW Tradeweb Markets Inc. compare 29.1×
CRCL Circle Internet Group, Inc. compare 36.1×
HOOD Robinhood Markets, Inc. compare 36.5×
Capital Markets industry median 14.2×
Financial sector median 12.0×
Market median 17.8×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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