The Goldman Sachs Group, Inc.

NYSE:GS Stock Report

Market Cap: US$186.4b

Goldman Sachs Group Past Earnings Performance

Past criteria checks 5/6

Goldman Sachs Group has been growing earnings at an average annual rate of 1.1%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 4.3% per year. Goldman Sachs Group's return on equity is 10%, and it has net margins of 23.1%.

Key information

1.1%

Earnings growth rate

2.6%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate4.3%
Return on equity10.0%
Net Margin23.1%
Next Earnings Update15 Jan 2025

Recent past performance updates

Recent updates

Goldman Sachs: Optimistic Outlook For 2025 (Rating Upgrade)

Dec 17

Goldman Sachs Group (NYSE:GS) Is Due To Pay A Dividend Of $3.00

Nov 29
Goldman Sachs Group (NYSE:GS) Is Due To Pay A Dividend Of $3.00

Goldman Sachs: Animal Spirits Unleashed

Nov 24

Goldman Sachs Vs. Morgan Stanley: Which Big Bank Is The Better Buy?

Nov 15

The Goldman Sachs Group, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 07
The Goldman Sachs Group, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Morgan Stanley Vs. Goldman Sachs: Better Fixed Income Investment?

Oct 18

Results: The Goldman Sachs Group, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Oct 18
Results: The Goldman Sachs Group, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Goldman Sachs: Growth Signs In Key Segments Drive Confidence (Rating Upgrade)

Oct 06

The Goldman Sachs Group, Inc. (NYSE:GS) Doing What It Can To Lift Shares

Sep 22
The Goldman Sachs Group, Inc. (NYSE:GS) Doing What It Can To Lift Shares

Goldman Sachs Is A Buy Amid Favorable Environment, Attractive Valuation

Sep 21

Goldman Sachs Group's (NYSE:GS) Upcoming Dividend Will Be Larger Than Last Year's

Aug 26
Goldman Sachs Group's (NYSE:GS) Upcoming Dividend Will Be Larger Than Last Year's

Goldman Sachs: Favorable Fundamentals Are Reflected In Valuation (Downgrade)

Aug 20

Goldman Sachs Group (NYSE:GS) Has Announced That It Will Be Increasing Its Dividend To $3.00

Aug 12
Goldman Sachs Group (NYSE:GS) Has Announced That It Will Be Increasing Its Dividend To $3.00

Goldman Sachs Group's (NYSE:GS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 22
Goldman Sachs Group's (NYSE:GS) Shareholders Will Receive A Bigger Dividend Than Last Year

Goldman Sachs: Q2 Earnings Show Growth Is On The Horizon

Jul 18

Goldman Sachs Q2 Preview: Accelerating EPS Growth (Rating Upgrade)

Jul 10

Goldman Sachs Is Reinventing Itself: A Strategic Shift Ignites Growth

Jul 04

Revenue & Expenses Breakdown

How Goldman Sachs Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:GS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2449,38711,41919,8380
30 Jun 2448,89510,52019,8830
31 Mar 2446,7268,70019,2630
31 Dec 2345,2267,85618,8040
30 Sep 2344,1067,17019,0240
30 Jun 2343,7568,24618,5810
31 Mar 2344,6739,96818,8500
31 Dec 2244,65010,71118,8730
30 Sep 2247,32413,33918,3410
30 Jun 2249,29715,66817,8200
31 Mar 2253,58018,23219,1040
31 Dec 2158,98221,11620,9010
30 Sep 2158,13521,67519,8690
30 Jun 2155,20519,63119,5850
31 Mar 2151,43014,47818,7330
31 Dec 2041,4628,89015,9760
30 Sep 2039,6336,24516,7340
30 Jun 2037,1624,80216,5160
31 Mar 2034,7046,80915,4440
31 Dec 1935,4817,87115,4370
30 Sep 1933,7208,47614,1040
30 Jun 1934,3349,13914,3010
31 Mar 1934,4899,28614,3310
31 Dec 1835,9429,84115,0910
30 Sep 1835,9185,37615,3200
30 Jun 1835,5984,95415,3350
31 Mar 1834,0834,23615,0590
31 Dec 1732,0733,66114,1390
30 Sep 1732,4097,95314,2790
30 Jun 1732,2518,02214,3310
31 Mar 1732,2968,03314,3930
31 Dec 1630,6087,06613,7740
30 Sep 1629,7115,49113,4640
30 Jun 1628,4044,72112,6070
31 Mar 1629,5413,99413,1440
31 Dec 1533,8205,54614,9700
30 Sep 1534,2357,00314,8560
30 Jun 1535,7617,81615,3090
31 Mar 1535,8178,85315,4110
31 Dec 1434,5288,05414,9690
30 Sep 1435,6228,27015,2200
30 Jun 1433,9577,55514,7730
31 Mar 1433,4447,46714,5500
31 Dec 1334,2067,70214,9230

Quality Earnings: GS has high quality earnings.

Growing Profit Margin: GS's current net profit margins (23.1%) are higher than last year (16.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GS's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: GS's earnings growth over the past year (59.3%) exceeds its 5-year average (1.1% per year).

Earnings vs Industry: GS earnings growth over the past year (59.3%) exceeded the Capital Markets industry 12.6%.

Return on Equity

High ROE: GS's Return on Equity (10%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Goldman Sachs Group, Inc. is covered by 54 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Jason GoldbergBarclays
Jason GoldbergBarclays