Goldman Sachs income statement
In fiscal 2025, Goldman Sachs reported revenue of $58.28bn, up 8.9% on the year before and net income of $17.18bn, or $51.32 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.8 | 34.2 | 34.2 | 34.5 | 33.8 | 30.8 | 32.7 | 36.6 | 36.5 | 44.6 | 59.3 | 47.4 | 46.3 | 53.5 | 58.3 | 69.7 |
| Interest expense | 8.0 | 7.5 | 6.7 | 5.6 | 5.4 | 7.1 | 10.2 | 15.9 | 17.4 | 8.9 | 5.7 | 21.3 | 62.2 | 73.3 | 66.8 | — |
| Net interest income | 5.2 | 3.9 | 3.4 | 4.0 | 3.1 | 2.6 | 2.9 | 3.8 | 4.4 | 4.8 | 6.5 | 7.7 | 6.4 | 8.1 | 13.6 | 15.0 |
| Non-interest income | 23.6 | 30.3 | 30.8 | 30.5 | 30.8 | 28.2 | 29.8 | 32.8 | 32.2 | 39.8 | 52.9 | 39.7 | 39.9 | 45.5 | 44.7 | 54.7 |
| Non-interest expense | 22.6 | 23.0 | 22.5 | 22.2 | 25.0 | 20.3 | 20.9 | 23.5 | 24.9 | 29.0 | 31.9 | 31.2 | 34.5 | 33.8 | 37.5 | 43.1 |
| Provision for credit losses | — | — | — | −0.1 | −0.2 | 0.2 | 0.7 | 0.7 | 1.1 | 3.1 | 0.4 | 2.7 | 1.0 | 1.3 | −1.1 | −1.3 |
| Income before tax | 6.2 | 11.2 | 11.7 | 12.4 | 8.8 | 10.3 | 11.1 | 12.5 | 10.6 | 12.5 | 27.0 | 13.5 | 10.7 | 18.4 | 21.9 | 27.9 |
| Income tax | 1.7 | 3.7 | 3.7 | 3.9 | 2.7 | 2.9 | 6.8 | 2.0 | 2.1 | 3.0 | 5.4 | 2.2 | 2.2 | 4.1 | 4.7 | 5.7 |
| Net income | 4.4 | 7.5 | 8.0 | 8.5 | 6.1 | 7.4 | 4.3 | 10.5 | 8.5 | 9.5 | 21.6 | 11.3 | 8.5 | 14.3 | 17.2 | 22.2 |
| Diluted EPS | $4.51 | $14.13 | $15.46 | $17.07 | $12.14 | $16.29 | $9.01 | $25.27 | $21.03 | $24.74 | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 | $72.29 |
| Diluted shares (average) | 557m | 516m | 500m | 473m | 459m | 435m | 409m | 390m | 376m | 360m | 356m | 358m | 346m | 334m | 318m | 307m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.9 | 15.1 | 14.6 | 15.2 | 13.5 | 17.2 | 20.3 | 18.7 |
| Interest expense | 17.6 | 16.5 | 16.7 | 17.0 | 16.7 | — | — | — |
| Net interest income | 2.3 | 2.9 | 3.1 | 3.9 | 3.7 | 3.6 | 4.0 | 3.8 |
| Non-interest income | 11.5 | 12.2 | 11.5 | 11.3 | 9.7 | 13.7 | 16.4 | 14.9 |
| Non-interest expense | 8.3 | 9.1 | 9.2 | 9.5 | 9.7 | 10.4 | 11.7 | 11.3 |
| Provision for credit losses | 0.4 | 0.3 | 0.4 | 0.3 | −2.1 | 0.3 | 0.1 | 0.4 |
| Income before tax | 5.3 | 5.6 | 5.0 | 5.4 | 5.9 | 6.5 | 8.6 | 7.0 |
| Income tax | 1.1 | 0.9 | 1.2 | 1.3 | 1.2 | 0.9 | 1.9 | 1.7 |
| Net income | 4.1 | 4.7 | 3.7 | 4.1 | 4.6 | 5.6 | 6.6 | 5.3 |
| Diluted EPS | $11.90 | $14.12 | $10.91 | $12.25 | $13.99 | $17.55 | $20.98 | $17.01 |
Compare with peers
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