The Goldman Sachs Group, Inc. balance sheet GS

Annual Quarterly

As of Sep 30, 2026, The Goldman Sachs Group, Inc. had total assets of $2.18 trillion and total liabilities of $2.06 trillion. Total assets were up 20.6% from a year earlier. Stockholders' equity was $124.9 billion. It held $349.2 billion in cash and investments against $446.8 billion of total debt, net debt of $97.7 billion.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Assets
Cash	176,767 +4.2%	187,266 +22.4%	179,530 +7.2%	164,259 -9.8%	169,577 +9.6%	152,967 -25.9%	167,408 -20.0%	182,092 -24.6%
Cash and investments	349,173 +27.7%	342,902 +33.8%	316,544 +22.7%	263,503 +0.7%	273,539 +17.5%	256,374 -3.9%	258,075 -2.6%	261,550 -10.0%
Property and equipment, net	7,076 -8.6%	7,474 -4.1%	7,534 -4.9%	7,474 -6.9%	7,744 -8.9%	7,795 -19.9%	7,926 -24.6%	8,024 -28.6%
Goodwill	7,338 +23.3%	7,342 +23.4%	6,590 +12.0%	5,949 +1.6%	5,950 +0.7%	5,952 +1.0%	5,886 -0.2%	5,853 -1.1%
Total assets	2,180,426 +20.6%	2,127,711 +19.2%	2,060,180 +16.6%	1,809,320 +8.0%	1,807,982 +4.6%	1,785,009 +8.0%	1,766,181 +4.0%	1,675,972 +2.1%
Liabilities and equity
Total liabilities	2,055,497 +22.1%	2,004,969 +20.7%	1,937,398 +18.0%	1,684,348 +8.4%	1,683,580 +4.8%	1,660,913 +8.3%	1,641,881 +3.9%	1,553,976 +1.9%
Stockholders' equity	124,929 +0.4%	122,742 -1.1%	122,782 -1.2%	124,972 +2.4%	124,402 +2.6%	124,096 +3.9%	124,300 +4.9%	121,996 +4.4%
Debt
Debt due within a year	444,816 +5.5%	437,874 +4.8%	396,304 -2.1%	355,959 -6.8%	421,684 +5.2%	417,975 +7.7%	404,844 +3.5%	382,052 -3.0%
Lease liabilities	2,017 -7.6%	2,064 -4.2%	2,097 +1.1%	2,170 +5.2%	2,184 +0.4%	2,154 +1.5%	2,075 -3.9%	2,062 -7.6%
Total debt	446,833 +5.4%	439,938 +4.7%	398,401 -2.1%	358,129 -6.8%	423,868 +5.1%	420,129 +7.6%	406,919 +3.5%	384,114 -3.0%
Net cash	-97,660 +35.0%	-97,036 +40.7%	-81,857 +45.0%	-94,626 +22.8%	-150,329 +11.8%	-163,755 -32.7%	-148,844 -16.0%	-122,564 -16.4%
Ratios
Debt to equity	3.58x	3.58x	3.24x	2.87x	3.41x	3.39x	3.27x	3.15x
Return on equity	17.75%	17.09%	14.72%	13.74%	13.40%	12.54%	11.97%	11.70%
Return on assets	1.02%	0.99%	0.88%	0.95%	0.92%	0.87%	0.84%	0.85%
Book value per share	432.87	421.15	416.81	421.52	414.50	409.76	404.06	392.71

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Security Brokers, Dealers & Flotation Companies (SIC 6211)
Listed as: GS (NYSE), GSCE (OTC), GS-PA (NYSE), GS-PC (NYSE), GS-PD (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: New York, NY
SEC filer status: Large accelerated filer
SEC CIK: 886982
Former names: GOLDMAN SACHS GROUP INC/ (until Mar 4, 2008)

Other Security Brokers, Dealers & Flotation Companies companies

All 34 Security Brokers, Dealers & Flotation Companies companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.