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The Goldman Sachs Group, Inc. (GS)
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GS Cash Flow Statement

Operating, investing, and financing cash flow analysis

GS Quarterly Cash Flow Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
Cash from Operations (CFO)
-39.792B-31.868B-16.276B2.680B5.672B-37.230B46.766B-38.060B6.120B
18.068B5.630B4.617B4.098B3.723B4.738B4.111B2.990B3.043B
Depreciation & Amortization
2.171B495.000M527.000M531.000M618.000M506.000M498.000M621.000M646.000M
3.558B2.530B258.000M237.000M533.000M2.417B104.000M120.000M595.000M
Change in Accounts Receivable
509.300B0.00185.842B142.000B181.458B165.086B133.717B144.921B142.000B
Change in Inventory
Change in Accounts Payable
Change in Working Capital
4.541B-40.791B47.136B-2.574B770.000M-45.332B41.849B-41.986B2.065B
Cash from Investing
-2.130B-565.000M-531.000M-558.000M-476.000M-499.000M-586.000M-466.000M-542.000M
-359.000M-359.000M-1.536B1.536B0.000.000.00-4.090B0.00
Cash from Financing
Debt Repayment
-13.000B-5.000B-3.000B-2.000B-3.000B-4.360B-3.500B-1.000B-4.200B
-5.750B-1.588B-1.463B-1.476B-1.223B-1.115B-1.153B-1.169B-1.052B
-41.922B-32.433B-16.807B2.122B5.196B-37.729B46.180B-38.526B5.578B
Net Change in Cash
12.122B15.271B-5.318B16.610B-14.441B-14.684B27.403B-51.637B-3.059B

GS Annual Cash Flow Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Cash from Operations (CFO)
-45.154B-13.212B-12.587B8.708B6.298B-18.535B23.868B20.421B
17.176B14.276B8.516B11.261B21.635B9.459B8.466B10.459B
Depreciation & Amortization
2.182B2.392B4.856B2.455B2.015B1.902B1.704B1.328B
3.445B2.663B2.085B4.083B2.553B1.920B2.018B1.831B
Change in Accounts Receivable
185.842B133.717B132.495B135.448B160.673B121.331B74.605B72.455B
Change in Inventory
Change in Accounts Payable
Change in Working Capital
0.00-33.091B-27.712B-9.394B-27.027B2.810B10.969B32.315B
Cash from Investing
-2.064B-2.091B-2.316B-3.748B-4.667B-6.309B-8.443B-7.982B
0.003.622B487.000M-2.115B3.933B-231.000M-803.000M-162.000M
Cash from Financing
Debt Repayment
-12.360B-10.200B-6.796B-3.500B-7.875B-2.278B-6.435B-3.294B
-5.277B-4.497B-4.189B-3.682B-2.725B-2.336B-2.104B-1.810B
-47.218B-15.303B-14.903B4.960B1.631B-24.844B15.425B12.439B
Net Change in Cash
-17.833B-59.485B-248.000M-19.211B105.194B22.296B2.999B20.496B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offerings encompassing investment-grade, high-yield, bank/bridge loans, and emerging market debt instruments, alongside the creation of structured securities. Within its Global Markets division, Goldman Sachs engages in client execution activities for both cash and derivative instruments, provides solutions for credit and interest rate products, and offers comprehensive equity intermediation, financing, clearing, settlement, and custody services. This segment also transacts in products linked to mortgages, foreign exchange, commodities, and equities. The Asset Management segment is responsible for managing assets across a diverse spectrum of classes, including equities, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities. It delivers tailored investment advisory solutions and makes direct investments in corporate entities, real estate ventures, and infrastructure projects. The Consumer & Wealth Management segment provides individual clients with wealth advisory and banking services. These include financial planning, investment management, deposit-taking, and lending. It also offers private banking services, unsecured loans, and accepts savings and time deposits. Founded in 1869, the company's corporate headquarters are located in New York, New York.

New York City, NY
46,600 employees
Financial Services / Financial - Capital Markets
Sector
Financial Services
Industry
Financial - Capital Markets
CEO
David Solomon