Goldman Sachs Group Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Goldman Sachs Group free cash flow
In fiscal 2025, Goldman Sachs Group generated -$45.15 billion of operating cash flow and spent $2.06 billion on capital expenditures. That left free cash flow of -$47.22 billion, a free-cash-flow margin of -81.0% of revenue. Goldman Sachs Group returned $17.64 billion to shareholders: $5.28 billion in dividends and $12.36 billion in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Goldman Sachs Group cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 17.18B | 14.28B | 8.52B | 11.26B | 21.64B | 9.46B | 8.47B | 10.46B | 4.29B | 7.40B |
| Net Income growth (YoY) | +20.31% | +67.64% | -24.38% | -47.95% | +128.72% | +11.73% | -19.06% | +144.03% | -42.07% | +21.62% |
| Depreciation & Amortization | 2.18B | 2.39B | 4.86B | 2.46B | 2.02B | 1.90B | 1.70B | 1.33B | 1.15B | 998.00M |
| Stock-Based Compensation | 3.44B | 2.66B | 2.08B | 4.08B | 2.35B | 1.92B | 2.02B | 1.83B | 1.77B | 2.11B |
| Operating Cash Flow | -45.15B | -13.21B | -12.59B | 8.71B | 6.30B | -18.54B | 23.87B | 16.56B | -20.49B | 6.49B |
| Capital Expenditures | -2.06B | -2.09B | -2.32B | -3.75B | -4.67B | -6.31B | -8.44B | -7.98B | -3.18B | -2.87B |
| Investing Cash Flow | -44.23B | -49.62B | -17.31B | -75.96B | -30.46B | -34.36B | -24.24B | -18.82B | -26.38B | 9.68B |
| Dividends Paid | -5.28B | -4.50B | -4.19B | -3.68B | -2.73B | -2.34B | -2.10B | -1.81B | -1.77B | -1.71B |
| Share Repurchases | -12.36B | -8.00B | -5.80B | -3.50B | -5.20B | -1.93B | -5.33B | -3.29B | -6.77B | -6.08B |
| Debt Issued | 88.20B | 67.25B | 47.15B | 84.52B | 92.72B | — | — | — | — | — |
| Debt Repaid | -71.50B | -74.52B | -54.07B | -42.81B | -52.61B | — | — | — | — | — |
| Financing Cash Flow | 66.10B | 7.32B | 27.80B | 59.60B | 134.74B | 70.38B | 3.37B | 22.75B | 35.21B | 12.10B |
| Net Change in Cash | -17.83B | -59.48B | -248.00M | -19.21B | 105.19B | 22.30B | 3.00B | 20.50B | -11.66B | 28.27B |
| Free Cash Flow | -47.22B | -15.30B | -14.90B | 4.96B | 1.63B | -24.84B | 15.43B | 8.58B | -23.67B | 3.63B |
This table shows 10 annual periods of Goldman Sachs Group's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow GS's reporting calendar. What is a cash flow statement?