Capital Expenditures for Goldman Sachs (GS)
According to Goldman Sachs's latest reported financial statements, the company's current capital expenditures (TTM) is $2.06B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$2.06B
YoY change
-1.3%
5Y CAGR
-20.0%
Peak year (2019)
$8.44B
Cumulative capital expenditures
$67.11B
CapEx history chart for Goldman Sachs (GS) from 1999 to 2025
CapEx history table for Goldman Sachs (GS) from 1999 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $2.06B | -1.3% | ||
| 2024 | $2.09B | -9.7% | ||
| 2023 | $2.32B | -38.2% | ||
| 2022 | $3.75B | -19.7% | ||
| 2021 | $4.67B | -26.0% | ||
| 2020 | $6.31B | -25.3% | ||
| 2019 | $8.44B | +5.8% | ||
| 2018 | $7.98B | +150.6% | ||
| 2017 | $3.19B | +10.7% | ||
| 2016 | $2.88B | +56.9% | ||
| 2015 | $1.83B | +170.4% | ||
| 2014 | $678.00M | -4.0% | ||
| 2013 | $706.00M | -26.5% | ||
| 2012 | $961.00M | -18.8% | ||
| 2011 | $1.18B | -3.5% | ||
| 2010 | $1.23B | -21.1% | ||
| 2009 | $1.56B | -23.2% | ||
| 2008 | $2.03B | -4.8% | ||
| 2007 | $2.13B | +22.1% | ||
| 2006 | $1.74B | +22.7% | ||
| 2005 | $1.42B | +133.7% | ||
| 2004 | $608.00M | +2.7% | ||
| 2003 | $592.00M | -41.3% | ||
| 2002 | $1.01B | -26.4% | ||
| 2001 | $1.37B | -61.3% | ||
| 2000 | $3.54B | +319.9% | ||
| 1999 | $843.00M | — |
CapEx values are taken from Goldman Sachs's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Goldman Sachs (GS) reported capital expenditures of $2.06B – edged down 1.3% year-over-year.
Across 2020–2025 (5 years), Goldman Sachs capital expenditures produced a CAGR of -20.0% – with a net decline across the window.
Between 2019 and 2025, Goldman Sachs capital expenditures plunged 75.6%, falling from $8.44B to $2.06B.
2019 marks the peak capital expenditures at $8.44B, with the historical low of $592.00M recorded in 2003.
Among 8 Financial Services peers, Goldman Sachs (GS) ranks 4th; the peer median for capital expenditures is $985.50M.
Goldman Sachs Capital Expenditures by Year
Goldman Sachs Capital Expenditures 2025: $2.06B
Goldman Sachs capital expenditures in 2025 was $2.06B, edged down 1.3% below 2024.
Goldman Sachs Capital Expenditures 2024: $2.09B
Goldman Sachs capital expenditures in 2024 was $2.09B, declined 9.7% below 2023.
Goldman Sachs Capital Expenditures 2023: $2.32B
Goldman Sachs capital expenditures in 2023 was $2.32B, plunged 38.2% below 2022.
Goldman Sachs Capital Expenditures 2022: $3.75B
Goldman Sachs capital expenditures in 2022 was $3.75B, declined 19.7% below 2021.
Goldman Sachs Capital Expenditures 2021: $4.67B
Goldman Sachs capital expenditures in 2021 was $4.67B.
See more financial history for Goldman Sachs (GS).
Sector peers — CapEx
Companies in the same sector as Goldman Sachs, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Citigroup Inc. (C) | $6.52B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Goldman Sachs's capital expenditures?
- Latest reported capital expenditures for Goldman Sachs (GS) is $2.06B (period ending December 31, 2025).
How has Goldman Sachs capital expenditures changed year-over-year?
- Goldman Sachs (GS) capital expenditures changed -1.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Goldman Sachs capital expenditures?
- Goldman Sachs (GS) capital expenditures compound annual growth rate is -20.0% over the most recent 5 years available.
When did Goldman Sachs capital expenditures hit its highest annual value?
- Goldman Sachs capital expenditures reached its highest annual value of $8.44B in 2019.
What was Goldman Sachs capital expenditures in 2024?
- Goldman Sachs (GS) capital expenditures in 2024 was $2.09B.
What was Goldman Sachs capital expenditures in 2025?
- Goldman Sachs (GS) capital expenditures in 2025 was $2.06B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
GS Overview
Company profile, financial tools, and key metrics
GS Revenue Counter
Earns $3,513 every second. See per minute, hour, and day.
GS Earnings Counter
Earns $572.93 per second net profit. See per minute, hour, and day.
GS Economic Scale
Exceeds Oman's GDP. Compare with world economies.
GS What If Invested
What if you had invested $1,000? See historical returns from any date.
GS How It Makes Money
Discover visual breakdown of $110.77B in revenue — where it comes from and where it goes.
GS Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
GS Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
GS Daily Price Character
Balanced · 51.0% historical win rate (green days). Streaks & record days.
GS Buybacks
4.50% TTM buyback yield. Shareholder yield & SBC comparison.
GS Dividend Profile
Yield: 1.71%. Safety: 5/8. See full history.
GS Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
GS Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.