Goldman Sachs is a major US investment bank. It advises companies on mergers and IPOs, trades stocks, bonds and commodities and manages assets for wealthy individuals and institutions. It operates worldwide. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Securities dealers and brokers · New York, USAfull fact sheet
Goldman Sachs is regulated as a bank holding company and serves corporations, financial institutions, governments and individuals. The Global Banking & Markets segment earns fees from advisory work, for example on mergers, and from underwriting securities offerings. As a market maker, it also quotes prices in bonds, currencies, commodities and equities and earns commissions for executing and clearing exchange transactions. Asset & Wealth Management manages client assets in equities, bonds and alternative investments and earns management and performance fees. Platform Solutions revenue comes essentially from credit cards and deposits of Apple Card customers as well as from discontinued businesses. In December 2025 the group agreed to transfer the Apple Card to another issuer.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: greenDebt: gray
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SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Goldman Sachs · Sector Financials · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 25, 2026.
In short
Light yellow: Revenue grew over 5 years (+5.5% per year), more slowly than the sector median.
Light yellow: Net income (total) grew over 5 years (+12.7% per year), more slowly than the sector median; per share +15.7% per year.
Light green: Net margin 29.5%, above the sector median (19.4%).
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
020B40B60B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 30.6B USD · Net income 7.4B USD · Net margin 24.2%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 32.1B USD · Net income 4.3B USD · Net margin 13.4%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 36.6B USD · Net income 10.5B USD · Net margin 28.6%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 36.5B USD · Net income 8.5B USD · Net margin 23.2%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 44.6B USD · Net income 9.5B USD · Net margin 21.2%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 59.3B USD · Net income 21.6B USD · Net margin 36.5%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 47.4B USD · Net income 11.3B USD · Net margin 23.8%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 46.3B USD · Net income 8.5B USD · Net margin 18.4%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 53.5B USD · Net income 14.3B USD · Net margin 26.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 58.3B USD · Net income 17.2B USD · Net margin 29.5%
Margin
24%13%29%23%21%36%24%18%27%29%
RevenueNet incomeNet margin (below)in USD
010B20B30B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 11.8B USD · Net income 2.1B USD · Net margin 17.4%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 11.3B USD · Net income 2.0B USD · Net margin 17.7% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 14.2B USD · Net income 4.1B USD · Net margin 29.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 12.7B USD · Net income 3.0B USD · Net margin 23.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 12.7B USD · Net income 3.0B USD · Net margin 23.5%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 13.9B USD · Net income 4.1B USD · Net margin 29.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 15.1B USD · Net income 4.7B USD · Net margin 31.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 14.6B USD · Net income 3.7B USD · Net margin 25.5%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 15.2B USD · Net income 4.1B USD · Net margin 27.0%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 13.5B USD · Net income 4.6B USD · Net margin 34.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 17.2B USD · Net income 5.6B USD · Net margin 32.7%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 20.3B USD · Net income 6.6B USD · Net margin 32.6%
Margin
17%18%29%24%24%30%31%26%27%34%33%33%
Earnings per shareUSD per share
0204060
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 16.29 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 9.01 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 25.27 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 21.03 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 24.74 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 59.45 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 30.06 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 22.87 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 40.54 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 51.32 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 17.55 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 20.98 USD
Dividend per sharePayout ratio (below)USD per share
05.001015
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 2.60 USD · Payout ratio 16.0%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 2.90 USD · Payout ratio 32.2%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 3.15 USD · Payout ratio 12.5%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 4.15 USD · Payout ratio 19.7%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 5.00 USD · Payout ratio 20.2%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 6.50 USD · Payout ratio 10.9%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 9.00 USD · Payout ratio 29.9%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 10.50 USD · Payout ratio 45.9%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 11.50 USD · Payout ratio 28.4%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 14.00 USD · Payout ratio 27.3%
Ratio
16%32%12%20%20%11%30%46%28%27%
Dividend per sharePayout ratio (below)USD per share
02.004.006.00
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 2.75 USD · Payout ratio 50.3%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 2.75 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 2.75 USD · Payout ratio 23.7%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 2.75 USD · Payout ratio 31.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 3.00 USD · Payout ratio 35.7%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 3.00 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 3.00 USD · Payout ratio 21.2%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 3.00 USD · Payout ratio 27.5%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 4.00 USD · Payout ratio 32.7%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 4.00 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 4.50 USD · Payout ratio 25.6%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 4.50 USD · Payout ratio 21.4%
Ratio
50%24%32%36%21%27%33%26%21%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 58.3B USD · Net income 17.2B USD · Net margin 29.5%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+5.5%per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 5.5% per year on average, but more slowly than the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+12.7%per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +15.7% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 12.7% per year on average, but more slowly than the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 29.47 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 21.2%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Financials: median 0.63 (47 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light green: covered
27%Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.27 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
58.3B USD
Revenue vs. prior year
+8.9%
Net income (FY)
17.2B USD
Net income vs. prior year
+20.3%
EPS (FY)
51.32 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
+1,864.8%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 25, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
58.3B
17.2B
29.5%
51.32
14.00
27%
2024
Dec 31, 2024
53.5B
14.3B
26.7%
40.54
11.50
28%
2023
Dec 31, 2023
46.3B
8.5B
18.4%
22.87
10.50
46%
2022
Dec 31, 2022
47.4B
11.3B
23.8%
30.06
9.00
30%
2021
Dec 31, 2021
59.3B
21.6B
36.5%
59.45
6.50
11%
2020
Dec 31, 2020
44.6B
9.5B
21.2%
24.74
5.00
20%
2019
Dec 31, 2019
36.5B
8.5B
23.2%
21.03
4.15
20%
2018
Dec 31, 2018
36.6B
10.5B
28.6%
25.27
3.15
12%
2017
Dec 31, 2017
32.1B
4.3B
13.4%
9.01
2.90
32%
2016
Dec 31, 2016
30.6B
7.4B
24.2%
16.29
2.60
16%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
20.3B
6.6B
32.6%
20.98
4.50
21%
Q1/26
Mar 31, 2026
17.2B
5.6B
32.7%
17.55
4.50
26%
Q4/25*
Dec 31, 2025
13.5B
4.6B
34.3%
–
4.00
–
Q3/25
Sep 30, 2025
15.2B
4.1B
27.0%
12.25
4.00
33%
Q2/25
Jun 30, 2025
14.6B
3.7B
25.5%
10.91
3.00
27%
Q1/25
Mar 31, 2025
15.1B
4.7B
31.5%
14.12
3.00
21%
Q4/24*
Dec 31, 2024
13.9B
4.1B
29.6%
–
3.00
–
Q3/24
Sep 30, 2024
12.7B
3.0B
23.5%
8.40
3.00
36%
Q2/24
Jun 30, 2024
12.7B
3.0B
23.9%
8.62
2.75
32%
Q1/24
Mar 31, 2024
14.2B
4.1B
29.1%
11.58
2.75
24%
Q4/23*
Dec 31, 2023
11.3B
2.0B
17.7%
–
2.75
–
Q3/23
Sep 30, 2023
11.8B
2.1B
17.4%
5.47
2.75
50%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -30
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)25.1
Rel. strength 60 d−12.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.