The Goldman Sachs Group, Inc. (GS) income statement
NYSE · Financial Services · Financial - Capital Markets · 47,400 employees · CEO David Michael Solomon
- Price
- $894.55 -3.58%
- Market cap
- $260B
- Enterprise value
- $922B
- Last report
- Q3 '26 filed 2026-10-13
- Next report
- 2027-01-19
The Goldman Sachs Group, Inc. (GS) reported revenue of $37.7B for Q3 '26 (+17.3% year on year), operating income of $7B (18.6% of revenue) and net income of $5.29B. Over the last four quarters revenue was $123B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.5B | $32.4B | $31.2B | $31.5B | $32.2B | $31.6B | $31.3B | $32.2B | $30.1B | $17.2B | $38.4B | $37.7B | |
| Cost of revenue | $17.7B | $18.5B | $18.7B | $19.2B | $18.7B | $16.8B | $17.1B | $17.3B | $14.5B | $315M | $18.2B | $19.4B | |
| Gross profit | $10.7B | $13.9B | $12.4B | $12.3B | $13.5B | $14.8B | $14.2B | $14.8B | $15.6B | $16.9B | $20.2B | $18.3B | |
| Sales & marketing | $175M | $153M | $153M | $159M | $181M | $156M | $167M | $171M | $216M | $2.52B | $198M | $183M | |
| General & administrative | $3.6B | $4.59B | $4.24B | $4.12B | $3.76B | $4.88B | $4.69B | $4.68B | $4.67B | $7.44B | $7.58B | $6.05B | |
| Other operating expenses | $4.71B | $3.92B | $4.14B | $4.03B | $4.32B | $4.1B | $4.39B | $4.6B | $4.84B | $475M | $931M | $5.08B | |
| Operating expenses | $8.49B | $8.66B | $8.53B | $8.32B | $8.26B | $9.13B | $9.24B | $9.45B | $9.72B | $10.4B | $8.71B | $11.3B | |
| Operating income | $2.25B | $5.24B | $3.92B | $3.99B | $5.26B | $5.65B | $4.96B | $5.39B | $5.86B | $6.49B | $11.5B | $7B | |
| Interest income | $18.5B | $19.6B | $20.4B | $21.4B | $20B | $19.4B | $19.8B | $20.8B | $20.4B | $20.6B | $22B | $22.8B | |
| Interest expense | $17.1B | $18.2B | $18.5B | $18.8B | $18.4B | $16.5B | $16.7B | $17B | $16.7B | $17.1B | $18.1B | $19B | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$74M | $0 | $0 | |
| Total non-operating income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.96B | $0 | |
| Income before tax | $2.25B | $5.24B | $3.92B | $3.99B | $5.26B | $5.65B | $4.96B | $5.39B | $5.86B | $6.49B | $8.56B | $7B | |
| Income tax | $246M | $1.11B | $873M | $997M | $1.15B | $909M | $1.24B | $1.29B | $1.24B | $856M | $1.94B | $1.71B | |
| Net income | $2.01B | $4.13B | $3.04B | $2.99B | $4.11B | $4.74B | $3.72B | $4.1B | $4.62B | $5.63B | $6.63B | $5.29B | |
| EPS (basic) | $5.49 | $11.67 | $8.73 | $8.52 | $12.17 | $14.25 | $11.07 | $12.42 | $14.21 | $17.74 | $21.27 | $17.24 | |
| EPS (diluted) | $5.53 | $11.58 | $8.62 | $8.40 | $11.95 | $14.12 | $10.95 | $12.25 | $14.00 | $17.55 | $20.98 | $17.01 | |
| Shares (basic, weighted) | 341M | 336M | 330M | 325M | 322M | 321M | 314M | 310M | 313M | 304M | 300M | 296M | |
| Shares (diluted, weighted) | 346M | 340M | 336M | 331M | 328M | 325M | 318M | 315M | 318M | 308M | 305M | 301M | |
| Depreciation & amortization | $780M | $627M | $646M | $621M | $498M | $506M | $618M | $531M | $527M | $495M | $509M | $537M | |
| EBITDA | $3.03B | $5.86B | $4.56B | $4.61B | $5.76B | $6.15B | $5.58B | $5.92B | $6.38B | $7.06B | $12B | $7.54B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.9B | $42.8B | $52.4B | $53.9B | $53.5B | $65B | $68.7B | $108B | $127B | $125B | |
| Cost of revenue | $7.29B | $10.8B | $16.6B | $18.4B | $12B | $6.01B | $24.1B | $63.2B | $74.7B | $65.7B | |
| Gross profit | $30.6B | $32B | $35.8B | $35.5B | $41.5B | $59B | $44.7B | $45.2B | $52.2B | $59.4B | |
| Sales & marketing | $457M | $588M | $740M | $739M | $401M | $553M | $812M | $629M | $646M | $710M | |
| General & administrative | $11.4B | $11.7B | $12.3B | $12.4B | $13.3B | $17.7B | $15.1B | $15.5B | $16.7B | $18.9B | |
| Other operating expenses | $8.4B | $8.59B | $10.2B | $11.8B | $15.3B | $13.7B | $15.2B | $18.4B | $16.4B | $17.9B | |
| Operating expenses | $20.3B | $20.8B | $23.3B | $24.9B | $29B | $31.9B | $31.2B | $34.5B | $33.8B | $37.5B | |
| Operating income | $10.3B | $11.1B | $12.5B | $10.6B | $12.5B | $27B | $13.5B | $10.7B | $18.4B | $21.9B | |
| Interest income | $9.69B | $13.1B | $19.7B | $21.7B | $13.7B | $12.1B | $29B | $68.5B | $81.4B | $80.4B | |
| Interest expense | $7.1B | $10.2B | $15.9B | $17.4B | $8.94B | $5.65B | $21.3B | $62.2B | $73.3B | $66.8B | |
| Income before tax | $10.3B | $11.1B | $12.5B | $10.6B | $12.5B | $27B | $13.5B | $10.7B | $18.4B | $21.9B | |
| Income tax | $2.91B | $6.85B | $2.02B | $2.12B | $3.02B | $5.41B | $2.23B | $2.22B | $4.12B | $4.68B | |
| Net income | $7.4B | $4.29B | $10.5B | $8.47B | $9.46B | $21.6B | $11.3B | $8.52B | $14.3B | $17.2B | |
| EPS (basic) | $17.00 | $9.12 | $25.53 | $21.25 | $25.01 | $60.35 | $30.57 | $23.05 | $41.22 | $51.95 | |
| EPS (diluted) | $17.00 | $9.01 | $25.27 | $21.03 | $24.74 | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 | |
| Shares (basic, weighted) | 427M | 402M | 385M | 372M | 356M | 351M | 352M | 341M | 328M | 313M | |
| Shares (diluted, weighted) | 435M | 409M | 390M | 376M | 360M | 356M | 358M | 346M | 334M | 318M | |
| Depreciation & amortization | $998M | $1.15B | $1.33B | $1.7B | $1.9B | $2.02B | $2.46B | $4.86B | $2.39B | $2.18B | |
| EBITDA | $11.3B | $12.3B | $13.8B | $12.3B | $14.4B | $29.1B | $15.9B | $15.6B | $20.8B | $24B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data as of 2026-11-01