The Goldman Sachs Group, Inc. (GS) Income Statement Analysis

See more : Bang Holdings Corp. (BXNG) Income Statement Analysis – Financial Results

Complete financial analysis of The Goldman Sachs Group, Inc. (GS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Goldman Sachs Group, Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.

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The Goldman Sachs Group, Inc. (GS)

Industry: Financial - Capital Markets

Sector: Financial Services

Website: https://www.goldmansachs.com

About The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	46.25B	47.37B	59.34B	40.42B	33.29B	33.42B	29.74B	27.97B	31.21B	32.03B	31.87B	31.96B	26.35B	36.88B	42.88B	19.22B	43.23B	35.68B	23.82B	19.78B	16.02B	13.99B	15.81B	16.59B	13.35B
Cost of Revenue	16.55B	16.17B	18.70B	14.27B	13.38B	13.14B	12.59B	12.44B	13.45B	0.00	0.00	13.82B	1.03B	0.00	0.00	11.89B	0.00	17.31B	24.78B	20.55B	226.00M	118.00M	0.00	0.00	0.00
Gross Profit	29.70B	31.19B	40.64B	26.15B	19.91B	20.28B	17.15B	15.53B	17.76B	32.03B	31.87B	18.14B	25.32B	36.88B	42.88B	7.33B	43.23B	18.37B	-960.00M	-771.00M	15.80B	13.87B	15.81B	16.59B	13.35B
Gross Profit Ratio	64.21%	65.85%	68.49%	64.70%	59.81%	60.69%	57.68%	55.54%	56.90%	100.00%	100.00%	56.75%	96.09%	100.00%	100.00%	38.13%	100.00%	51.49%	-4.03%	-3.90%	98.59%	99.16%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	15.50B	15.15B	17.72B	13.31B	12.35B	12.33B	11.65B	11.45B	12.68B	12.69B	12.79B	13.54B	12.75B	15.77B	16.19B	10.66B	20.19B	16.46B	11.76B	9.68B	7.39B	6.74B	7.70B	7.77B	6.46B
Selling & Marketing	629.00M	812.00M	553.00M	401.00M	739.00M	740.00M	588.00M	457.00M	557.00M	549.00M	541.00M	509.00M	640.00M	530.00M	342.00M	485.00M	601.00M	492.00M	378.00M	374.00M	264.00M	306.00M	406.00M	506.00M	364.00M
SG&A	16.13B	15.96B	18.27B	13.71B	13.09B	13.07B	12.24B	11.91B	13.24B	13.24B	13.33B	14.05B	13.39B	16.30B	16.54B	11.14B	20.79B	16.95B	12.14B	10.06B	7.66B	7.05B	8.11B	8.28B	6.82B
Other Expenses	30.13B	13.10B	-50.57B	-41.65B	-35.80B	-18.09B	-30.85B	-29.57B	-35.67B	-32.91B	-33.46B	-34.80B	-33.57B	-40.29B	-39.58B	-28.03B	-46.42B	-38.07B	-27.69B	-23.16B	-19.24B	-17.78B	-20.22B	-19.85B	-18.18B
Operating Expenses	46.25B	31.16B	-32.30B	-27.94B	-22.71B	-5.02B	-18.61B	-17.66B	-22.43B	-19.67B	-20.13B	-20.75B	-20.18B	-23.99B	-23.05B	-16.89B	-25.63B	-21.12B	-15.55B	-13.10B	-11.58B	-10.73B	-12.12B	-11.57B	-11.35B
Cost & Expenses	46.25B	31.16B	-32.30B	-27.94B	-22.71B	-5.02B	-18.61B	-17.66B	-22.43B	-19.67B	-20.13B	-20.75B	-20.18B	-23.99B	-23.05B	-16.89B	-25.63B	-21.12B	-15.55B	-13.10B	-11.58B	-10.73B	-12.12B	-11.57B	-11.35B
Interest Income	68.52B	29.02B	12.12B	13.69B	21.74B	19.68B	13.11B	9.69B	8.45B	9.60B	10.06B	11.38B	13.17B	12.31B	13.91B	35.63B	45.97B	35.19B	21.25B	11.91B	10.75B	11.27B	16.62B	17.40B	12.72B
Interest Expense	62.16B	21.35B	5.65B	8.94B	17.38B	15.91B	10.18B	7.10B	5.39B	5.56B	6.67B	7.50B	7.98B	6.81B	6.50B	31.36B	41.98B	31.69B	18.15B	8.89B	7.60B	8.87B	15.33B	16.41B	12.02B
Depreciation & Amortization	4.86B	2.46B	2.02B	1.90B	1.70B	1.33B	1.15B	998.00M	991.00M	1.34B	1.32B	1.74B	1.87B	1.90B	1.94B	1.63B	1.17B	995.00M	854.00M	845.00M	1.15B	744.00M	873.00M	486.00M	337.00M
EBITDA	15.60B	0.00	29.06B	14.38B	12.29B	0.00	12.28B	11.30B	9.77B	13.69B	13.06B	12.95B	8.04B	14.80B	21.77B	3.96B	18.77B	15.56B	9.13B	7.52B	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	33.72%	78.72%	48.97%	35.58%	36.90%	88.94%	41.30%	40.41%	31.30%	42.76%	40.98%	40.51%	30.51%	40.12%	50.78%	20.60%	43.42%	43.60%	38.31%	38.03%	34.89%	28.58%	28.90%	33.19%	17.45%
Operating Income	26.42B	34.83B	27.04B	12.48B	10.58B	28.39B	11.13B	10.30B	8.78B	12.36B	11.74B	11.21B	6.17B	12.89B	19.83B	2.34B	17.60B	14.56B	8.27B	6.68B	4.45B	3.25B	3.70B	5.02B	1.99B
Operating Income Ratio	57.12%	73.54%	45.58%	30.87%	31.79%	84.97%	37.43%	36.84%	28.13%	38.58%	36.83%	35.07%	23.41%	34.96%	46.25%	12.15%	40.72%	40.81%	34.73%	33.75%	27.74%	23.26%	23.38%	30.26%	14.93%
Total Other Income/Expenses	-15.68B	-12.29B	-11.04B	-13.01B	-9.46B	-8.37B	-6.80B	-6.53B	-10.07B	-7.20B	-7.55B	-448.00M	-409.00M	-987.00M	-1.94B	-1.63B	-37.00M	-45.00M	-493.00M	-504.00M	-2.76B	-2.43B	-16.20B	-16.90B	-12.36B
Income Before Tax	10.74B	13.49B	27.04B	12.48B	10.58B	12.48B	11.13B	10.30B	8.78B	12.36B	11.74B	11.21B	6.17B	12.89B	19.83B	2.34B	17.60B	14.56B	8.27B	6.68B	4.45B	3.25B	3.70B	5.02B	1.99B
Income Before Tax Ratio	23.22%	28.47%	45.58%	30.87%	31.79%	37.35%	37.43%	36.84%	28.13%	38.58%	36.83%	35.07%	23.41%	34.96%	46.25%	12.15%	40.72%	40.81%	34.73%	33.75%	27.74%	23.26%	23.38%	30.26%	14.93%
Income Tax Expense	2.22B	2.23B	5.41B	3.02B	2.12B	2.02B	6.85B	2.91B	2.70B	3.88B	3.70B	3.73B	1.73B	4.54B	6.44B	14.00M	6.01B	5.02B	2.65B	2.12B	1.44B	1.14B	1.39B	1.95B	-716.00M
Net Income	8.52B	11.26B	21.64B	9.46B	8.47B	10.46B	4.29B	7.40B	6.08B	8.48B	8.04B	7.48B	4.44B	8.35B	13.39B	2.32B	11.60B	9.54B	5.63B	4.55B	3.01B	2.11B	2.31B	3.07B	2.71B
Net Income Ratio	18.41%	23.77%	36.46%	23.40%	25.43%	31.30%	14.41%	26.45%	19.49%	26.47%	25.23%	23.39%	16.86%	22.65%	31.22%	12.08%	26.83%	26.73%	23.62%	23.02%	18.75%	15.12%	14.61%	18.49%	20.29%
EPS	23.20	30.57	60.35	25.01	21.25	27.14	10.48	17.00	13.26	17.91	16.09	14.48	7.98	14.27	24.30	5.09	25.15	19.98	11.25	8.92	5.87	4.03	4.26	6.00	5.57
EPS Diluted	22.87	30.06	59.45	24.74	21.03	26.80	10.48	17.00	13.26	17.91	16.09	14.48	7.98	14.27	24.30	5.09	25.15	19.98	11.25	8.92	5.87	4.03	4.26	6.00	5.57
Weighted Avg Shares Out	340.80M	352.10M	350.50M	356.40M	371.60M	385.40M	401.60M	427.40M	448.90M	458.90M	498.05M	496.20M	556.90M	585.30M	550.90M	437.00M	461.20M	477.40M	478.10M	489.50M	488.40M	525.10M	541.80M	511.50M	475.90M
Weighted Avg Shares Out (Dil)	345.80M	358.10M	355.80M	360.30M	375.50M	390.20M	409.10M	435.10M	458.60M	473.20M	499.60M	516.10M	556.90M	585.30M	550.90M	456.20M	461.20M	477.40M	500.20M	510.50M	511.90M	525.10M	541.80M	511.50M	485.80M

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

November 15, 2024seekingalpha.com

Goldman Sachs and Morgan Stanley are two of the largest investment banks, excelling in Wealth Management, M&A, Trading, and Brokerage. Despite frequent comparisons, the banks have distinct differences in their business plans, priorities, and strategic visions. GS has an incredible...