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 yearFY2025
ended December 31, 2025
FY2024
ended December 31, 2024
FY2023
ended December 31, 2023
FY2022
ended December 31, 2022
Revenue$58.3 billion$53.5 billion$46.3 billion$47.4 billion
Operating incomeNot reportedNot reportedNot reportedNot reported
Operating marginn/an/an/an/a
Net income$17.2 billion$14.3 billion$8.5 billion$11.3 billion
Net margin29.5%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.
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%.
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.
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 debtNot reported
Total assets$1809 billion
Total liabilities$1684 billion
Shareholders' equity$125 billion
Current ration/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

Related Pages