TTM
$29.3B
YoY change
+18.8%
5Y CAGR
+11.9%
Peak year (FY2021)
$27B
Cumulative operating income
$317B
Operating Income history chart for Goldman Sachs (GS) from 2016 to 2025
Latest: $21.9B
Operating Income growth chart for Goldman Sachs (GS) from 2016 to 2025
Latest: +18.8%
Operating Income history table for Goldman Sachs (GS) from 1999 to 2025
| FY2025 | $21.9B | +18.8% | +$3.46B | ||
| FY2024 | $18.4B | +71.3% | +$7.66B | ||
| FY2023 | $10.7B | -20.4% | -$2.75B | ||
| FY2022 | $13.5B | -50.1% | -$13.6B | ||
| FY2021 | $27B | +116.7% | +$14.6B | ||
| FY2020 | $12.5B | +17.9% | +$1.9B | ||
| FY2019 | $10.6B | -15.2% | -$1.9B | ||
| FY2018 | $12.5B | +12.1% | +$1.35B | ||
| FY2017 | $11.1B | +8.0% | +$828M | ||
| FY2016 | $10.3B | +17.4% | +$1.53B | ||
| FY2015 | $8.78B | -29.0% | -$3.58B | ||
| FY2014 | $12.4B | +5.3% | +$620M | ||
| FY2013 | $11.7B | +4.7% | +$530M | ||
| FY2012 | $11.2B | +81.7% | +$5.04B | ||
| FY2011 | $6.17B | -52.1% | -$6.72B | ||
| FY2010 | $12.9B | -35.0% | -$6.94B | ||
| FY2009 | $19.8B | +748.8% | +$17.5B | ||
| FY2008 | $2.34B | -86.7% | -$15.3B | ||
| FY2007 | $17.6B | +20.9% | +$3.04B | ||
| FY2006 | $14.6B | +76.0% | +$6.29B | ||
| FY2005 | $8.27B | +23.9% | +$1.6B | ||
| FY2004 | $6.68B | +50.2% | +$2.23B | ||
| FY2003 | $4.45B | +36.6% | +$1.19B | ||
| FY2002 | $3.25B | -12.0% | -$443M | ||
| FY2001 | $3.7B | -26.4% | -$1.32B | ||
| FY2000 | $5.02B | +152.0% | +$3.03B | ||
| FY1999 | $1.99B | — | — |
- FY2025$21.9B+18.8%
- FY2024$18.4B+71.3%
- FY2023$10.7B-20.4%
- FY2022$13.5B-50.1%
- FY2021$27B+116.7%
- FY2020$12.5B+17.9%
- FY2019$10.6B-15.2%
- FY2018$12.5B+12.1%
- FY2017$11.1B+8.0%
- FY2016$10.3B+17.4%
- FY2015$8.78B-29.0%
- FY2014$12.4B+5.3%
- FY2013$11.7B+4.7%
- FY2012$11.2B+81.7%
- FY2011$6.17B-52.1%
- FY2010$12.9B-35.0%
- FY2009$19.8B+748.8%
- FY2008$2.34B-86.7%
- FY2007$17.6B+20.9%
- FY2006$14.6B+76.0%
- FY2005$8.27B+23.9%
- FY2004$6.68B+50.2%
- FY2003$4.45B+36.6%
- FY2002$3.25B-12.0%
- FY2001$3.7B-26.4%
- FY2000$5.02B+152.0%
- FY1999$1.99B—
Operating Income values are taken from Goldman Sachs's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Goldman Sachs (GS)
According to Goldman Sachs's latest reported financial statements, the company's current operating income (TTM) is $29.3B. 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 .
2025's annual operating income for Goldman Sachs (GS) came in at $21.9B – 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 $27B in 2021; the latest annual figure is $21.9B in 2025 (19.2% below peak).
Across the available history, operating income reached its high of $27B in 2021 and its low of $1.99B in 1999.
Goldman Sachs Operating Income by Year
Goldman Sachs Operating Income 2025: $21.9B
Goldman Sachs operating income in 2025 was $21.9B, grew 18.8% from 2024.
Goldman Sachs Operating Income 2024: $18.4B
2024's operating income for Goldman Sachs came in at $18.4B, surged 71.3% from 2023.
Goldman Sachs Operating Income 2023: $10.7B
Goldman Sachs posted operating income of $10.7B in 2023, declined 20.4% below 2022.
Goldman Sachs Operating Income 2022: $13.5B
In 2022, Goldman Sachs reported operating income of $13.5B, plunged 50.1% below 2021.
Goldman Sachs Operating Income 2021: $27B
Goldman Sachs operating income in 2021 was $27B.
See more financial history for Goldman Sachs (GS).
Sector peers by Operating Income
Financial Services peers of Goldman Sachs (GS), ranked by their latest operating income
| $72.6B | |
| $58.9B | |
| $37.7B | |
| $25.2B | |
| $24B | |
| $22B | |
| $19.4B | |
| $13.8B |
- $72.6B
- $37.7B
- $25.2B
- $24B
- $19.4B
- $13.8B
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