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Updated: Jul 4, 2026
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Goldman Sachs Group

NYSE:GS·Stock Analysis Report
Day Range
$1,048.00 - $1,067.17
Market Cap
301.19B
P/E Ratio
18.6230
Avg Value
$903.64
Year Range
$691.30 - $1,115.98
$1,055.18-$0.79 (-0.07%)
1
General Information
Goldman Sachs is a storied financial institution, founded in 1869 and best known for its role as a leading global investment bank.

The firm has a sprawling reach across global financial centers and has been the leading provider of global merger and acquisition advisory services, by revenue, for the past 20 years. Since the global financial crisis, Goldman has expanded its offerings into more stable fee-based businesses like asset and wealth management, which comprised roughly 30% of post-provision revenue at the end of 2025. The firm generates revenue from investment banking, global market making and trading, lending, asset management, wealth management, and a small and declining portfolio of consumer credit card loans.

2
Goldman Sachs Group (GS) Stock Graph
3
How We Grade Goldman Sachs Group (GS)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Goldman Sachs Group (GS) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

64.78

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

35.68

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Goldman Sachs Group compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
MSMorgan Stanley
N/A
29.89
69.01
86.85
SCHWCharles Schwab
N/A
54.40
61.27
43.59
HOODRobinhood Markets
9.83
N/A
92.16
83.66
IBKRInteractive Brokers Group
55.49
80.56
90.43
90.11
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 13 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $900.00 - $1,195.00 with an average of $1,000.77

-1.98%
Expected movement for Goldman Sachs Group (GS) over the next 12 months
Based on these rankings

Recent Ratings for Goldman Sachs Group (GS)

Morgan Stanley
Date:
Jun 29, 2026
Action:
Maintains
Prev. Target:
$1,021.00
New Target:
$1,099.00
Wells Fargo
Date:
Jun 24, 2026
Action:
Maintains
Prev. Target:
$1,000.00
New Target:
$1,195.00
Citigroup
Date:
Jun 23, 2026
Action:
Maintains
Prev. Target:
$930.00
New Target:
$1,100.00
JP Morgan
Date:
Jun 12, 2026
Action:
Maintains
Prev. Target:
$826.00
New Target:
$900.00
Citigroup
Date:
May 8, 2026
Action:
Maintains
Prev. Target:
$765.00
New Target:
$930.00
BMO Capital
Date:
Apr 20, 2026
Action:
Maintains
Prev. Target:
$905.00
New Target:
$972.00
Wells Fargo
Date:
Apr 14, 2026
Action:
Maintains
Prev. Target:
$1,050.00
New Target:
$1,000.00
B of A Securities
Date:
Apr 14, 2026
Action:
Maintains
Prev. Target:
$1,100.00
New Target:
$1,050.00
UBS
Date:
Apr 13, 2026
Action:
Maintains
Prev. Target:
$930.00
New Target:
$930.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, GS's earnings have increased for the past three years, this is a positive sign for the stock.
8
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Goldman Sachs Group (GS) dividend yield on an annual basis.

-4.68%
Goldman Sachs Group (GS) saw a decrease in its dividend yield since 2021
9
Past Performance
How has Goldman Sachs Group (GS) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Goldman Sachs Group (GS) sharpe ratio over the past 5 years is 1.7967 which is considered to be above average compared to the peer average of 1.1275

10
Analyzing Goldman Sachs Group (GS) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, GS's options trades have recently carried more negative sentiment than positive.

11
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is GS's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
47.36
46.25
53.51
58.28
60.45
Operating Revenue
47.36
46.25
53.51
58.28
60.45
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
15.96
16.13
17.35
19.62
20.18
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
13.49
10.74
18.40
21.85
22.69
Tax Provision
2.23
2.22
4.12
4.68
4.62
Net Income
11.26
8.52
14.28
17.18
18.07
Net Income Common Stockholders
10.76
7.91
13.53
16.30
17.12
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
11.26
8.52
14.28
17.18
18.07
Normalized Income
11.99
11.03
14.66
17.49
18.42
Interest Income
29.02
68.52
81.40
80.37
81.63
Interest Expense
21.35
62.16
73.34
66.81
67.41
Net Interest Income
7.68
6.35
8.06
13.56
14.22
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
2.45
4.86
2.39
2.18
2.17
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.13
Tax Effect Of Unusual Items
-0.14
-0.72
-0.11
-0.09
-0.10
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
1,441.80
1,641.59
1,675.97
1,809.32
2,060.18
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
1,324.61
1,524.69
1,553.98
1,684.35
1,937.40
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
117.19
116.91
122.00
124.97
122.78
Stockholders Equity
Total Capitalization
371.43
364.77
371.87
421.18
449.25
Common Stock Equity
106.49
105.70
108.74
109.82
109.08
Net Tangible Assets
108.81
109.81
115.30
118.18
115.26
Working Capital
Invested Capital
428.53
436.72
449.24
493.80
541.72
Tangible Book Value
98.10
98.61
102.04
103.03
101.56
Total Debt
324.20
333.25
342.56
386.15
434.74
Net Debt
80.22
89.44
158.40
219.72
253.11
Share Issued
0.92
0.92
0.93
0.93
0.94
Ordinary Shares Number
0.33
0.32
0.31
0.30
0.29
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
8.71
-12.59
-13.21
-45.15
-39.79
Net Income from Continuing Operations
11.26
8.52
14.28
17.18
18.07
Depreciation and Amortization
2.45
4.86
2.39
2.18
2.17
Deferred Tax
-0.80
0.20
0.00
Deferred Income Tax
-0.80
0.20
0.00
Stock-Based Compensation
4.08
2.08
2.66
3.44
3.56
Other Non-Cash Items
0.09
-3.30
-6.64
1.86
-0.03
Change in Working Capital
-9.48
-24.41
-26.45
-68.91
-62.47
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
Change in Other Current Liabilities
Change in Other Working Capital
88.35
-186.28
-95.57
-55.51
-82.22
Cash Flow from Continuing Investing Activities
-75.96
-17.31
-49.62
-44.23
-77.79
Net PPE Purchase and Sale
-1.04
0.96
-0.48
-1.26
-1.41
Net Business Purchase and Sale
-2.11
0.49
3.62
1.54
1.18
Purchase of Business
Net Investment Purchase and Sale
-47.57
-13.41
-35.72
-5.15
-38.17
Purchase of Investment
-60.54
-40.26
-92.10
-98.10
-132.91
Sale of Investment
12.96
26.85
56.37
92.95
94.75
Net Other Investing Changes
Financing Cash Flow
59.60
27.80
7.32
66.10
127.57
Cash Flow from Continuing Financing Activities
59.60
27.80
7.32
66.10
127.57
Net Issuance Payments of Debt
38.15
-4.71
10.58
18.98
60.84
Net Long-Term Debt Issuance
40.11
-7.44
-4.06
19.87
46.38
Long-Term Debt Issuance
86.32
50.20
72.50
94.71
124.55
Long-Term Debt Payments
-46.21
-57.64
-76.56
-74.83
-78.17
Net Short-Term Debt Issuance
-1.96
2.72
14.64
-0.89
14.47
Net Common Stock Issuance
-3.50
-5.80
-8.00
-12.36
-13.00
Common Stock Issuance
Common Stock Payments
-3.50
-5.80
-8.00
-12.36
-13.00
Cash Dividends Paid
-3.68
-4.19
-4.50
-5.28
-5.75
Net Other Financing Charges
0.56
2.28
1.31
0.08
-0.35
End Cash Position
1,088.85
981.71
752.49
654.21
666.33
Changes in Cash
-7.65
-2.10
-55.51
-23.28
9.99
Beginning Cash Position
1,108.06
981.96
811.98
672.04
654.21
Capital Expenditure
-3.75
-2.32
-2.09
-2.06
-2.13
Issuance of Capital Stock
1.90
0.00
Issuance of Debt
86.32
50.20
72.50
94.71
124.55
Repayment of Debt
-46.21
-57.64
-76.56
-74.83
-78.17
Repurchase of Capital Stock
-3.50
-6.80
-10.20
-12.36
-14.45
Free Cash Flow
4.96
-14.90
-15.30
-47.22
-41.92