Buyback yield (TTM)
5.06%
Shareholder yield (TTM)
7.30%
5Y share count change
-11.9%
Buyback spend (TTM)
$13.00B
Cumulative buybacks
$140.66B
Key takeaways
- Goldman Sachs (GS) repurchased about $13.00B of stock over the trailing twelve months.
- Diluted share count is down 11.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 3.65× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +40.2% per year over the latest 5-year window.
Dividend & buyback yield over time for Goldman Sachs (GS)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Goldman Sachs (GS)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Goldman Sachs (GS)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Goldman Sachs (GS)
Latest: $12.36B
Overview
In 2025, Goldman Sachs (GS) buyback spend totalled $12.36B – grew 21.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Goldman Sachs buyback spend compounded at +40.2% per year, sustaining 3 straight years of year-over-year growth.
2025 marks the peak buyback spend at $12.36B, with the historical low of $0.00 recorded in 1999.
Goldman Sachs Buyback Spend 2025: $12.36B
In 2025, Goldman Sachs reported buyback spend of $12.36B, grew 21.2% from 2024. This figure represents the highest annual value in the available history.
Goldman Sachs Buyback Spend 2024: $10.20B
Goldman Sachs buyback spend in 2024 was $10.20B, surged 50.1% from 2023.
Goldman Sachs Buyback Spend 2023: $6.80B
2023's buyback spend for Goldman Sachs came in at $6.80B, surged 94.2% from 2022.
Goldman Sachs Buyback Spend 2022: $3.50B
Goldman Sachs posted buyback spend of $3.50B in 2022, plunged 55.6% below 2021.
Goldman Sachs Buyback Spend 2021: $7.88B
Goldman Sachs buyback spend in 2021 was $7.88B.
See more financial history for Goldman Sachs (GS).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $12.36B | $3.44B | $8.91B | 4.50% | 0.32B | -4.8% | |
| 2024 | $10.20B | $2.66B | $7.54B | 5.53% | 0.33B | -3.5% | |
| 2023 | $6.80B | $2.08B | $4.71B | 5.17% | 0.35B | -3.4% | |
| 2022 | $3.50B | $4.08B | −$583.00M | 2.92% | 0.36B | +0.6% | |
| 2021 | $7.88B | $2.55B | $5.32B | 5.94% | 0.36B | -1.2% | |
| 2020 | $2.28B | $1.92B | $358.00M | 2.43% | 0.36B | -4.0% | |
| 2019 | $6.43B | $2.02B | $4.42B | 7.72% | 0.38B | -3.8% | |
| 2018 | $3.29B | $1.83B | $1.46B | 5.20% | 0.39B | -4.6% | |
| 2017 | $7.62B | $1.77B | $5.85B | 7.68% | 0.41B | -6.0% | |
| 2016 | $6.08B | $2.11B | $3.97B | 6.11% | 0.44B | -5.1% | |
| 2015 | $4.13B | $2.27B | $1.86B | 5.19% | 0.46B | -3.1% | |
| 2014 | $5.47B | $2.08B | $3.38B | 6.26% | 0.47B | -5.3% | |
| 2013 | $6.17B | $2.02B | $4.16B | 7.46% | 0.50B | -3.2% | |
| 2012 | $4.64B | $1.32B | $3.32B | 7.55% | 0.52B | -7.3% | |
| 2011 | $9.90B | $2.85B | $7.06B | 21.56% | 0.56B | -4.9% | |
| 2010 | $4.18B | $4.04B | $148.00M | 4.23% | 0.59B | +6.2% | |
| 2009 | $9.58B | $2.01B | $7.57B | 9.71% | 0.55B | +20.8% | |
| 2008 | $2.03B | $1.61B | $423.00M | 5.60% | 0.46B | -1.1% | |
| 2007 | $8.96B | $4.46B | $4.49B | 9.33% | 0.46B | -3.4% | |
| 2006 | $7.82B | $3.65B | $4.16B | 8.23% | 0.48B | -4.6% | |
| 2005 | $7.11B | $1.76B | $5.35B | 10.93% | 0.50B | -2.0% | |
| 2004 | $1.80B | $1.22B | $581.00M | 3.52% | 0.51B | -0.3% | |
| 2003 | $939.00M | $0.00 | $939.00M | 1.99% | 0.51B | -2.5% | |
| 2002 | $1.48B | $0.00 | $1.48B | 3.81% | 0.53B | -3.1% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.54B | +5.9% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.51B | +5.3% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.49B | — |
- 2025$12.36B
- 2024$10.20B
- 2023$6.80B
- 2022$3.50B
- 2021$7.88B
- 2020$2.28B
- 2019$6.43B
- 2018$3.29B
- 2017$7.62B
- 2016$6.08B
- 2015$4.13B
- 2014$5.47B
- 2013$6.17B
- 2012$4.64B
- 2011$9.90B
- 2010$4.18B
- 2009$9.58B
- 2008$2.03B
- 2007$8.96B
- 2006$7.82B
- 2005$7.11B
- 2004$1.80B
- 2003$939.00M
- 2002$1.48B
- 2001$0.00
- 2000$0.00
- 1999$0.00
Buybacks vs stock-based compensation for Goldman Sachs (GS)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.65×.
Buybacks vs dividends (share of cash returned) for Goldman Sachs (GS)
How Goldman Sachs splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Goldman Sachs, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $18.25B | |
| $13.39B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $18.25B
- $13.39B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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