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What changed in The Goldman Sachs Group, Inc.'s latest annual report

In the year ended 31 Dec 2025, The Goldman Sachs Group, Inc.'s net income rose 20.3% to USD 17.18bn, from USD 14.28bn; cash and cash equivalents fell 9.8% to USD 164.26bn, from USD 182.09bn; total liabilities rose 8.4% to USD 1.68tn, from USD 1.55tn.

Year ended 31 Dec 2025. Source: 10-K filed 25 Feb 2026, read it on SEC EDGAR.

USD 14.28bn to USD 17.18bn

Net income, up 20.3% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Net income14.28bn17.18bnUp 20.3%
Total assets1.68tn1.81tnUp 8%
Total liabilities1.55tn1.68tnUp 8.4%
Cash and cash equivalents182.09bn164.26bnDown 9.8%
Shareholders' equity122.00bn124.97bnUp 2.4%

Questions people ask

Is The Goldman Sachs Group, Inc. profitable?

Yes. Net income was USD 17.18bn in the year ended 31 Dec 2025. The year before: USD 14.28bn.

How much cash and debt does The Goldman Sachs Group, Inc. have?

At its latest year end (31 Dec 2025), The Goldman Sachs Group, Inc. reported cash and cash equivalents of USD 164.26bn.

Where do these numbers come from?

From The Goldman Sachs Group, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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The Goldman Sachs Group, Inc. (GS) 10-K: what changed year on year | LYNORIQ Insights