The Goldman Sachs Group, Inc. (GS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 3.56B | 3.71B | 3.85B | 3.1B | 2.9B | 1.58B | 2.62B | 1.99B | 1.37B | 1.34B | 1.55B | 1.68B | 1.78B | 2.07B | 2.04B | 1.73B | 1.83B | 1.79B | 1.56B | 1.63B |
| NII Growth % | 22.8% | 134.24% | 46.85% | 55.98% | 110.7% | 18.22% | 69.55% | 18.17% | -22.85% | -35.44% | -24.28% | -2.88% | -2.52% | 15.54% | 30.63% | 6.45% | 23.28% | 27.3% | 44.28% | 72.56% |
| Net Interest Margin % | 0.17% | 0.2% | 0.21% | 0.17% | 0.16% | 0.09% | 0.15% | 0.12% | 0.08% | 0.08% | 0.1% | 0.11% | 0.12% | 0.14% | 0.13% | 0.11% | 0.11% | 0.12% | 0.11% | 0.12% |
| Interest Income | 20.64B | 20.38B | 20.82B | 19.79B | 19.38B | 19.95B | 21.45B | 20.44B | 19.55B | 18.48B | 18.26B | 16.84B | 14.94B | 12.41B | 8.55B | 4.85B | 3.21B | 3.01B | 3.12B | 2.94B |
| Interest Expense | 17.08B | 16.67B | 16.97B | 16.68B | 16.49B | 18.37B | 18.82B | 18.45B | 18.18B | 17.14B | 16.71B | 15.15B | 13.16B | 10.34B | 6.51B | 3.12B | 1.39B | 1.22B | 1.55B | 1.31B |
| Loan Loss Provision | -16.77B | -2.12B | 339M | 384M | 287M | 351M | 397M | 282M | 318M | 577M | 7M | 615M | -171M | 972M | 515M | 667M | 561M | 344M | 175M | -92M |
| Non-Interest Income | -3.41B | 9.75B | 11.33B | 11.48B | 12.17B | 12.29B | 10.08B | 10.74B | 12.84B | 9.98B | 10.27B | 9.21B | 10.44B | 8.52B | 9.93B | 10.13B | 11.11B | 10.84B | 12.04B | 13.76B |
| Non-Interest Income % | -19.79% | 32.35% | 35.24% | 36.71% | 38.56% | 38.11% | 31.96% | 34.45% | 39.63% | 35.06% | 36% | 35.36% | 41.14% | 40.7% | 53.74% | 67.62% | 77.57% | 78.27% | 79.44% | 82.4% |
| Total Revenue | 17.23B | 30.13B | 32.15B | 31.27B | 31.55B | 32.24B | 31.52B | 31.18B | 32.39B | 28.46B | 28.53B | 26.05B | 25.38B | 20.93B | 18.48B | 14.98B | 14.32B | 13.85B | 15.16B | 16.7B |
| Revenue Growth % | -45.4% | -6.56% | 2% | 0.28% | -2.61% | 13.27% | 10.51% | 19.71% | 27.63% | 35.99% | 54.35% | 73.87% | 77.27% | 51.08% | 21.9% | -10.28% | -25.72% | 4.13% | 20.05% | 8.53% |
| Non-Interest Expense | 10.43B | 9.72B | 9.45B | 9.24B | 9.13B | 8.26B | 8.31B | 8.53B | 8.66B | 8.49B | 9.05B | 8.54B | 8.4B | 8.09B | 7.7B | 7.65B | 7.72B | 7.27B | 6.59B | 8.64B |
| Efficiency Ratio | 60.52% | 32.27% | 29.4% | 29.55% | 28.93% | 25.62% | 26.38% | 27.37% | 26.73% | 29.82% | 31.74% | 32.8% | 33.1% | 38.66% | 41.68% | 51.08% | 53.89% | 52.48% | 43.47% | 51.74% |
| Operating Income | 6.49B | 5.86B | 5.39B | 4.96B | 5.65B | 5.26B | 3.99B | 3.92B | 5.24B | 2.25B | 2.76B | 1.74B | 3.99B | 1.53B | 3.76B | 3.54B | 4.66B | 5.03B | 6.84B | 6.84B |
| Operating Margin % | 37.65% | 19.44% | 16.77% | 15.86% | 17.9% | 16.31% | 12.65% | 12.56% | 16.17% | 7.92% | 9.66% | 6.66% | 15.73% | 7.31% | 20.32% | 23.66% | 32.52% | 36.27% | 45.13% | 40.96% |
| Operating Income Growth % | 14.86% | 11.38% | 35.24% | 26.61% | 7.83% | 133.23% | 44.67% | 125.58% | 31.15% | 47.32% | -26.62% | -51.02% | -14.24% | -69.55% | -45.1% | -48.19% | -44.15% | -9.31% | 59.15% | 429.82% |
| Pretax Income | 6.49B | 5.86B | 5.39B | 4.96B | 5.65B | 5.26B | 3.99B | 3.92B | 5.24B | 2.25B | 2.76B | 1.74B | 3.99B | 1.53B | 3.76B | 3.54B | 4.66B | 5.03B | 6.84B | 6.84B |
| Pretax Margin % | 37.65% | 19.44% | 16.77% | 15.86% | 17.9% | 16.31% | 12.65% | 12.56% | 16.17% | 7.92% | 9.66% | 6.66% | 15.73% | 7.31% | 20.32% | 23.66% | 32.52% | 36.27% | 45.13% | 40.96% |
| Income Tax | 856M | 1.24B | 1.29B | 1.24B | 909M | 1.15B | 997M | 873M | 1.1B | 246M | 698M | 520M | 759M | 204M | 687M | 617M | 717M | 1.09B | 1.46B | 1.35B |
| Effective Tax Rate % | 13.2% | 21.14% | 24% | 24.91% | 16.1% | 21.8% | 25.01% | 22.29% | 21.1% | 10.91% | 25.33% | 29.95% | 19.01% | 13.33% | 18.29% | 17.41% | 15.4% | 21.69% | 21.4% | 19.8% |
| Net Income | 5.63B | 4.62B | 4.1B | 3.72B | 4.74B | 4.11B | 2.99B | 3.04B | 4.13B | 2.01B | 2.06B | 1.22B | 3.23B | 1.33B | 3.07B | 2.93B | 3.94B | 3.94B | 5.38B | 5.49B |
| Net Margin % | 32.68% | 15.33% | 12.74% | 11.91% | 15.02% | 12.75% | 9.48% | 9.76% | 12.76% | 7.05% | 7.21% | 4.67% | 12.74% | 6.34% | 16.61% | 19.54% | 27.51% | 28.4% | 35.47% | 32.85% |
| Net Income Growth % | 18.83% | 12.31% | 37.06% | 22.35% | 14.67% | 104.73% | 45.29% | 150.25% | 27.77% | 51.43% | -32.94% | -58.46% | -17.9% | -66.3% | -42.93% | -46.65% | -42.38% | -12.67% | 59.73% | 1370.78% |
| Net Income (Continuing) | 5.63B | 4.62B | 4.1B | 3.72B | 4.74B | 4.11B | 2.99B | 3.04B | 4.13B | 2.01B | 2.06B | 1.22B | 3.23B | 1.33B | 3.07B | 2.93B | 3.94B | 3.94B | 5.38B | 5.49B |
| EPS (Diluted) | 17.55 | 14.00 | 12.25 | 10.95 | 14.12 | 11.95 | 8.40 | 8.62 | 11.58 | 5.53 | 5.47 | 3.08 | 8.79 | 3.32 | 8.25 | 7.73 | 10.76 | 11.17 | 15.20 | 15.41 |
| EPS Growth % | 24.29% | 17.15% | 45.83% | 27.03% | 21.93% | 116.09% | 53.56% | 179.87% | 31.74% | 66.57% | -33.7% | -60.16% | -18.31% | -70.28% | -45.72% | -49.84% | -43.19% | -10.5% | 69.27% | 1381.73% |
| EPS (Basic) | 17.74 | 14.21 | 12.42 | 11.07 | 14.25 | 12.17 | 8.52 | 8.73 | 11.67 | 5.49 | 5.52 | 3.13 | 8.91 | 3.39 | 8.40 | 7.81 | 10.91 | 11.17 | 15.20 | 15.41 |
| Diluted Shares Outstanding | 308M | 317.6M | 315M | 318.3M | 324.5M | 328.4M | 330.8M | 335.5M | 339.5M | 345.8M | 343.9M | 347.2M | 351.3M | 356.7M | 359.2M | 360.5M | 355.9M | 352.3M | 353.9M | 356M |