Goldman Sachs Group Quarterly Cash Flow Statement
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Goldman Sachs Group free cash flow
In the quarter ended Jun 30, 2026, Goldman Sachs Group generated $6.11 billion of operating cash flow and spent $502.0 million on capital expenditures. That left free cash flow of $5.60 billion, a free-cash-flow margin of 27.5% of revenue. Free cash flow was up 7.8% from the prior year's $5.20 billion.
Goldman Sachs Group returned $5.60 billion to shareholders: $1.60 billion in dividends and $4.00 billion in share repurchases, equal to 100% of free cash flow. Free cash flow covered dividend payments 3.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Goldman Sachs Group cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 6.63B | 5.63B | 4.62B | 4.10B | 3.72B | 4.74B | 4.11B | 2.99B | 3.04B | 4.13B | 2.01B | 2.06B |
| Net Income growth (YoY) | +78.03% | +18.83% | +12.31% | +37.06% | +22.35% | +14.67% | +104.73% | +45.29% | +150.25% | +27.77% | +51.43% | -32.94% |
| Depreciation & Amortization | 509.00M | 495.00M | 527.00M | 531.00M | 618.00M | 506.00M | 498.00M | 621.00M | 646.00M | 627.00M | 780.00M | 1.51B |
| Stock-Based Compensation | 439.00M | 2.53B | 258.00M | 237.00M | 533.00M | 2.42B | 104.00M | 120.00M | 595.00M | 1.84B | 77.00M | 228.00M |
| Operating Cash Flow | 6.11B | -31.87B | -16.28B | 2.68B | 5.67B | -37.23B | 46.77B | -38.06B | 6.12B | -28.04B | -28.36B | -25.53B |
| Capital Expenditures | -502.00M | -565.00M | -531.00M | -558.00M | -476.00M | -499.00M | -586.00M | -466.00M | -542.00M | -497.00M | -546.00M | -507.00M |
| Investing Cash Flow | -28.57B | -56.31B | -5.03B | -5.11B | -11.33B | -22.75B | -7.12B | -29.29B | -5.24B | -7.98B | -3.34B | -8.03B |
| Dividends Paid | -1.60B | -1.59B | -1.46B | -1.48B | -1.22B | -1.11B | -1.15B | -1.17B | -1.05B | -1.12B | -1.06B | -1.10B |
| Share Repurchases | -4.00B | -5.00B | -3.00B | -2.00B | -3.00B | -4.36B | -2.00B | -1.00B | -3.50B | -1.50B | -1.00B | -1.50B |
| Debt Issued | 50.24B | 58.24B | 26.84B | 10.29B | 22.47B | 28.59B | 17.79B | 17.67B | 18.46B | 13.34B | 18.30B | 10.91B |
| Debt Repaid | -20.41B | -20.40B | -21.27B | -14.03B | -19.66B | -16.54B | -14.88B | -19.86B | -16.68B | -23.11B | -13.78B | -9.69B |
| Financing Cash Flow | 30.92B | 104.29B | 16.75B | 19.78B | -13.26B | 42.83B | -7.82B | 10.34B | -2.37B | 7.17B | 28.02B | 6.44B |
| Net Change in Cash | 7.74B | 15.27B | -5.32B | 16.61B | -14.44B | -14.68B | 27.40B | -51.64B | -3.06B | -32.19B | 1.70B | -31.05B |
| Free Cash Flow | 5.60B | -32.43B | -16.81B | 2.12B | 5.20B | -37.73B | 46.18B | -38.53B | 5.58B | -28.54B | -28.90B | -26.04B |
This table shows 12 quarterly periods of Goldman Sachs Group's cash flow statement, from Q2 2026 back to Q3 2023, 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?