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Global investment bank providing M&A advisory, underwriting, trading and asset/wealth management services.
Global investment bank providing M&A advisory, underwriting, trading and asset/wealth management services.
Earns fees for advising on mergers and underwriting securities, trading revenue from clients' buying and selling, and fees on assets managed, with the first two the swing factors. It has scaled back its consumer lending push in recent years to focus on institutional clients and wealth.
Moat: narrow (brand, scale, distribution). Premier advisory brand and deep institutional relationships sustain deal flow and trading volumes.
Headquarters: New York, New York, US · Founded: 1869 · Employees: 47,400
Size Goldman Sachs (GS) is a United States Financials company (Investment Banks/Brokers) with a market value of $250B, the 46th largest of 3,117 United States companies the cockpit tracks. Shares closed at $865.82 on 6 Nov 2026.
Performance Over six months the shares fell 7.5%, against +7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 11 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +8.1%); the operating margin is 39.6% (peer median 42.4%).
Valuation It trades at 12.0× forward earnings against a peer median of 19.1× (3rd cheapest of 11).
Credit Goldman Sachs has 149 bonds outstanding ($224B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 101 bp.
Short interest Short interest is 2.4% of the free float (15 Oct 2026).
Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $142B | $126B | $127B | $109B | $67.3B |
| Revenue growth | — | 0% | +17% | +62% | — |
| Net income | $22.2B | $17.2B | $14.3B | $8.52B | $11.3B |
| Free cash flow | $150B | $23.2B | $71.2B | $147B | -$43.5B |
| Capital expenditure | $2.12B | $2.06B | $2.09B | $2.32B | $3.75B |
| Total debt | $842B | $663B | $673B | $644B | $465B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Goldman Sachs GS | $250B | -8% | +12% | 40% | 12.0× | n/a |
| Morgan Stanley MS | $285B | -6% | +16% | 33% | 13.6× | n/a |
| JPMorgan Chase JPM | $889B | +11% | +9% | 42% | 13.4× | n/a |
| Bank of America BAC | $341B | -3% | -1% | 34% | 10.1× | n/a |
| Citigroup C | $200B | -5% | +5% | 29% | 9.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | +1.8% | 4th lowest of 11 |
| 6-month return | -7.5% | +7.2% | 2nd lowest of 11 |
| Distance from 52-week high | -24.9% | -11.4% | 2nd lowest of 11 |
| Revenue growth (TTM) | +12.0% | +8.1% | 5th highest of 11 |
| Operating margin | 39.6% | 42.4% | 5th lowest of 11 |
| Forward P/E | 12.0× | 19.1× | 3rd cheapest of 11 |
| Bond spread | 101 bp | 63 bp | 3rd widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Goldman Sachs GS | United States | $250B | -8% | +12% | 40% | 12.0× | n/a | n/a |
| Charles Schwab SCHW | United States | $158B | +3% | +12% | 52% | 12.2× | n/a | n/a |
| Interactive Brokers IBKR | United States | $129B | -10% | +16% | 87% | 23.9× | n/a | n/a |
| CME CME | United States | $109B | +9% | +9% | 66% | 23.6× | n/a | n/a |
| BNY Mellon BNY | United States | $99.4B | +13% | -1% | 37% | 14.7× | n/a | n/a |
| Intercontinental Exchange ICE | United States | $96.3B | +11% | +14% | 47% | 20.1× | n/a | n/a |
| Barclays BARC.L | United Kingdom | $75.1B | +1% | +7% | 22% | 8.2× | n/a | n/a |
| Robinhood Markets HOOD | United States | $72.9B | +5% | +22% | 44% | 29.7× | n/a | n/a |
| Deutsche Bank Aktiengesellschaft DBK.DE | Germany | $65.0B | +15% | 0% | 30% | 9.5× | n/a | n/a |
| Deutsche Boerse DB1.DE | Germany | $63.8B | +32% | +7% | 41% | 24.7× | n/a | n/a |
| Macquarie MQG.AX | Australia | $63.5B | +5% | +5% | 20% | 18.1× | n/a | n/a |
Goldman Sachs has 149 bonds outstanding with $224B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.25%, a spread of 101 bp over government bonds.