Operating Income for Goldman Sachs (GS)
According to Goldman Sachs's latest reported financial statements, the company's current operating income (TTM) is $22.69B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$22.69B
YoY change
+18.8%
5Y CAGR
+11.9%
Peak year (2021)
$27.04B
Cumulative operating income
$299.32B
Operating Income history chart for Goldman Sachs (GS) from 1999 to 2025
Operating Income history table for Goldman Sachs (GS) from 1999 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $21.85B | +18.8% | ||
| 2024 | $18.40B | +71.3% | ||
| 2023 | $10.74B | -20.4% | ||
| 2022 | $13.49B | -50.1% | ||
| 2021 | $27.04B | +116.7% | ||
| 2020 | $12.48B | +17.9% | ||
| 2019 | $10.58B | -15.2% | ||
| 2018 | $12.48B | +12.1% | ||
| 2017 | $11.13B | +8.0% | ||
| 2016 | $10.30B | +17.4% | ||
| 2015 | $8.78B | -29.0% | ||
| 2014 | $12.36B | +5.3% | ||
| 2013 | $11.74B | +4.7% | ||
| 2012 | $11.21B | +81.7% | ||
| 2011 | $6.17B | -52.1% | ||
| 2010 | $12.89B | -35.0% | ||
| 2009 | $19.83B | +748.8% | ||
| 2008 | $2.34B | -86.7% | ||
| 2007 | $17.60B | +20.9% | ||
| 2006 | $14.56B | +76.0% | ||
| 2005 | $8.27B | +23.9% | ||
| 2004 | $6.68B | +50.2% | ||
| 2003 | $4.45B | +36.6% | ||
| 2002 | $3.25B | -12.0% | ||
| 2001 | $3.70B | -26.4% | ||
| 2000 | $5.02B | +152.0% | ||
| 1999 | $1.99B | — |
Operating Income values are taken from Goldman Sachs's reported income 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
2025's annual operating income for Goldman Sachs (GS) came in at $21.85B – grew 18.8% year-over-year.
Goldman Sachs operating income compound annual growth for the 2020–2025 (5 years) window is +11.9%, sustaining 2 straight years of year-over-year growth.
Goldman Sachs operating income peaked at $27.04B in 2021; the latest annual figure is $21.85B in 2025 (19.2% below peak).
Across the available history, operating income reached its high of $27.04B in 2021 and its low of $1.99B in 1999.
Within Financial Services, Goldman Sachs (GS) ranks 7th among 8 peers we track. The peer median for operating income is $24.60B.
Goldman Sachs Operating Income by Year
Goldman Sachs Operating Income 2025: $21.85B
Goldman Sachs operating income in 2025 was $21.85B, grew 18.8% from 2024.
Goldman Sachs Operating Income 2024: $18.40B
Goldman Sachs operating income in 2024 was $18.40B, surged 71.3% from 2023.
Goldman Sachs Operating Income 2023: $10.74B
Goldman Sachs operating income in 2023 was $10.74B, declined 20.4% below 2022.
Goldman Sachs Operating Income 2022: $13.49B
Goldman Sachs operating income in 2022 was $13.49B, plunged 50.1% below 2021.
Goldman Sachs Operating Income 2021: $27.04B
Goldman Sachs operating income in 2021 was $27.04B.
See more financial history for Goldman Sachs (GS).
Sector peers — Operating Income
Companies in the same sector as Goldman Sachs, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| Citigroup Inc. (C) | $19.83B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Goldman Sachs's operating income?
- Latest reported operating income for Goldman Sachs (GS) is $22.69B (period ending March 31, 2026).
How has Goldman Sachs operating income changed year-over-year?
- Goldman Sachs (GS) operating income changed +18.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Goldman Sachs operating income?
- Goldman Sachs (GS) operating income compound annual growth rate is +11.9% over the most recent 5 years available.
When did Goldman Sachs operating income hit its highest annual value?
- Goldman Sachs operating income reached its highest annual value of $27.04B in 2021.
What was Goldman Sachs operating income in 2024?
- Goldman Sachs (GS) operating income in 2024 was $18.40B.
What was Goldman Sachs operating income in 2025?
- Goldman Sachs (GS) operating income in 2025 was $21.85B.
Metrics overview
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