What is Goldman Sachs's earnings per share (EPS)?

Goldman Sachs (GSBD) reported diluted earnings per share of $1.03 for fiscal year 2025. This represents a 87.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Goldman Sachs Financials

GSBD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Goldman Sachs (GSBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

5/9

Goldman Sachs passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

2.73x

For every $1 of reported earnings, Goldman Sachs generates $2.73 in operating cash flow ($325.7M OCF vs $119.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$119.3M

YoY+89.7%

5Y CAGR-7.5%

Goldman Sachs reported $119.3M in net income in fiscal year 2025. This represents an increase of 89.7% from the prior year.

EPS (Diluted)

$1.03

YoY+87.3%

5Y CAGR-20.6%

Goldman Sachs earned $1.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$43.2M

YoY-30.1%

5Y CAGR+6.1%

Goldman Sachs held $43.2M in cash against $1.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

113M

YoY-4.0%

Goldman Sachs had 113M shares outstanding in fiscal year 2025. This represents a decrease of 4.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

8.4%

YoY+4.4pp

5Y CAGR-2.5pp

Goldman Sachs's ROE was 8.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$52.2M

Goldman Sachs spent $52.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

GSBD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$5.3M+9.4%	$4.8M+8.7%	$4.5M+247.1%	$1.3M-10.2%	$1.4M
Net Income	$119.3M+89.7%	$62.9M-67.9%	$195.9M+256.1%	$55.0M-71.4%	$192.4M+9.3%	$176.1M
EPS (Diluted)	$1.03+87.3%	$0.55-69.6%	$1.81+235.2%	$0.54-71.4%	$1.89-42.0%	$3.26

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$907K+0.1%	$906K-31.5%	$1.3M	N/A	$1.5M+19.9%	$1.2M+15.5%	$1.1M
Net Income	N/A	$24.7M-37.1%	$39.3M+24.5%	$31.6M	N/A	$37.1M+168.4%	-$54.2M-227.7%	$42.5M
EPS (Diluted)	N/A	$0.22-35.3%	$0.34+25.9%	$0.27	N/A	$0.32+168.1%	$-0.47-220.5%	$0.39

GSBD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.4B-6.1%	$3.6B+2.3%	$3.5B-1.9%	$3.6B+1.1%	$3.6B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$43.2M-30.1%	$61.8M+18.0%	$52.4M+32.2%	$39.6M+17.3%	$33.8M+5.1%	$32.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0B-3.5%	$2.0B+5.7%	$1.9B-8.0%	$2.1B+7.9%	$1.9B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.9B-2.7%	$1.9B+5.5%	$1.8B-9.2%	$2.0B+8.1%	$1.9B	N/A
Total Equity	$1.4B-9.5%	$1.6B-1.8%	$1.6B+6.6%	$1.5B-6.9%	$1.6B0.0%	$1.6B
Retained Earnings	-$456.7M-22.2%	-$373.7M-66.4%	-$224.6M-8.9%	-$206.2M-274.8%	-$55.0M-927.9%	-$5.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.4B-0.1%	$3.4B-0.7%	$3.4B-2.7%	$3.5B-2.8%	$3.6B+1.6%	$3.5B-2.3%	$3.6B+2.3%	$3.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$43.2M-62.5%	$115.2M+6.6%	$108.0M+30.5%	$82.8M+33.9%	$61.8M+16.7%	$53.0M-14.0%	$61.6M+17.8%	$52.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0B+1.6%	$1.9B+1.8%	$1.9B-3.0%	$2.0B-3.7%	$2.0B+3.6%	$2.0B-3.6%	$2.0B+6.2%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.9B+1.8%	$1.8B+2.4%	$1.8B-3.8%	$1.9B-3.0%	$1.9B+2.6%	$1.9B-3.4%	$1.9B+6.2%	$1.8B
Total Equity	$1.4B-2.2%	$1.5B-3.9%	$1.5B-2.2%	$1.5B-1.6%	$1.6B-0.8%	$1.6B-0.6%	$1.6B-2.2%	$1.6B
Retained Earnings	-$456.7M-0.5%	-$454.3M-8.0%	-$420.9M-5.6%	-$398.4M-6.6%	-$373.7M-5.3%	-$355.0M-4.6%	-$339.3M-45.9%	-$232.6M

GSBD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$325.7M+13155.3%	$2.5M-99.2%	$300.7M+995.9%	$27.4M+191.9%	-$29.9M-118.0%	$165.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$344.5M-4920.2%	$7.1M+102.5%	-$288.0M-1224.2%	-$21.7M-168.6%	$31.7M+122.1%	-$143.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$52.2M	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$29.9M-163.3%	$47.2M-72.9%	$174.5M+30.3%	$133.9M+920.1%	$13.1M-87.4%	$104.1M+185.5%	-$121.8M-1830.2%	$7.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$42.1M-5.2%	-$40.1M+73.2%	-$149.2M-32.0%	-$113.0M-2631.9%	-$4.1M+96.3%	-$112.8M-186.0%	$131.0M+1969.7%	-$7.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$15.0M-43.3%	$26.5M	N/A	N/A	N/A	N/A	N/A	N/A

GSBD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	8.4%+4.4pp	4.0%-8.2pp	12.2%+8.6pp	3.7%-8.3pp	11.9%+1.0pp	10.9%
Return on Assets	3.5%+1.8pp	1.7%-3.8pp	5.6%+4.0pp	1.5%-3.9pp	5.4%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.32+0.1	1.22+0.1	1.14-0.2	1.34+0.2	1.15	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	1.7%-0.9pp	2.6%+0.6pp	2.0%	N/A	2.3%+5.7pp	-3.4%-6.0pp	2.6%
Return on Assets	N/A	0.7%-0.4pp	1.1%+0.3pp	0.9%	N/A	1.1%+2.5pp	-1.5%-2.7pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.32+0.1	1.27+0.1	1.19-0.0	1.21-0.0	1.22+0.0	1.18-0.0	1.22+0.1	1.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Goldman Sachs profitable?

Yes, Goldman Sachs (GSBD) reported a net income of $119.3M in fiscal year 2025.

How much debt does Goldman Sachs have?

As of fiscal year 2025, Goldman Sachs (GSBD) had $43.2M in cash and equivalents against $1.9B in long-term debt.

What is Goldman Sachs's return on equity (ROE)?

Goldman Sachs (GSBD) has a return on equity of 8.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Goldman Sachs's operating cash flow?

Goldman Sachs (GSBD) generated $325.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Goldman Sachs's total assets?

Goldman Sachs (GSBD) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Goldman Sachs buy back shares?

Yes, Goldman Sachs (GSBD) spent $52.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Goldman Sachs have outstanding?

Goldman Sachs (GSBD) had 113M shares outstanding as of fiscal year 2025.

What is Goldman Sachs's debt-to-equity ratio?

Goldman Sachs (GSBD) had a debt-to-equity ratio of 1.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Goldman Sachs's return on assets (ROA)?

Goldman Sachs (GSBD) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Goldman Sachs's Piotroski F-Score?

Goldman Sachs (GSBD) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Goldman Sachs's earnings high quality?

Goldman Sachs (GSBD) has an earnings quality ratio of 2.73x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.