--- title: "Goldman Sachs: Metrics Guide" description: "Goldman Sachs revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/goldman-sachs/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Goldman Sachs: Financial & Operating Metrics Guide ## Direct Answer Goldman Sachs reported revenue of $58.3 billion for the fiscal year ended December 31, 2025, net income of $17.2 billion, according to its SEC filings. Revenue grew 8.9% from the prior year. ## What Are Goldman Sachs's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $58.3 billion | $53.5 billion | $46.3 billion | $47.4 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $17.2 billion | $14.3 billion | $8.5 billion | $11.3 billion | | Net margin | 29.5% | 26.7% | 18.4% | 23.8% | | Operating cash flow | -$45.2 billion | -$13.2 billion | -$12.6 billion | $8.7 billion | | Capital expenditures | $2.1 billion | $2.1 billion | $2.3 billion | $3.7 billion | | Free cash flow | -$47.2 billion | -$15.3 billion | -$14.9 billion | $5.0 billion | Free cash flow (operating cash flow minus capital expenditures) was -$47.2 billion against net income of $17.2 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Goldman Sachs revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $58.3 billion and net income $17.2 billion.](https://www.getswoopr.com/images/charts/goldman-sachs-metrics-revenue-profit.webp) *Goldman Sachs revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Goldman Sachs net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 29.5%.](https://www.getswoopr.com/images/charts/goldman-sachs-metrics-margins.webp) *Goldman Sachs operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Goldman Sachs operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was negative $45.2 billion, capital expenditures was $2.1 billion, free cash flow was negative $47.2 billion.](https://www.getswoopr.com/images/charts/goldman-sachs-metrics-cash-flow.webp) *Goldman Sachs operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Goldman Sachs's Balance Sheet Show? | Cash and cash equivalents | $164 billion | | --- | --- | | Long-term debt | Not reported | | Total assets | $1809 billion | | Total liabilities | $1684 billion | | Shareholders' equity | $125 billion | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Goldman Sachs reported in its own SEC filings, read from the SEC's XBRL data (accession 0000886982-26-000091 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Goldman Sachs's revenue in fiscal 2025? Goldman Sachs reported revenue of $58.3 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Goldman Sachs's operating margin? Goldman Sachs did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did Goldman Sachs generate? Operating cash flow of -$45.2 billion less capital expenditures of $2.1 billion gives free cash flow of -$47.2 billion for fiscal 2025. ## References - [SEC EDGAR: GOLDMAN SACHS GROUP INC Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm) - [SEC EDGAR: GOLDMAN SACHS GROUP INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=886982&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Goldman Sachs company dossier](https://www.getswoopr.com/stocks/companies/goldman-sachs/) - [Goldman Sachs financial metrics](https://www.getswoopr.com/stocks/companies/goldman-sachs/metrics/) - [Goldman Sachs financial risk indicators](https://www.getswoopr.com/stocks/companies/goldman-sachs/risks/) - [Goldman Sachs peer comparison](https://www.getswoopr.com/stocks/companies/goldman-sachs/competitors/) - [Goldman Sachs business model and revenue mix](https://www.getswoopr.com/stocks/companies/goldman-sachs/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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