Goldman Sachs (GS) stock
Financials · Investment Banking & Brokerage
Goldman Sachs (GS) is an Investment Banking & Brokerage company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, GS closed at $875.68, a market capitalization of $254.97 billion, the 45th largest company in the S&P 500. Over the last twelve months it generated $71.04 billion in revenue (+23% year over year) and -$41.52 billion in free cash flow. The stock trades at 12.6x trailing earnings and 11.8x forward earnings.
- 1-year total return: +18.9% (dividends reinvested)
- 5-year return: +19.0% a year
- 52-week range: $754.00 – $1,153.99
- Gross margin 81.3%, operating margin 38.2%
- Dividend yield: 2.28%, 14 straight years of increases
- FI Handbook report card: B+ across 9 metrics
- 7th largest of 76 Financials stocks in the S&P 500
GS price chart
1Y price change: +16.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| GS | -6.5% | +1.1% | +18.9% | +46.3% | +19.0% | +19.9% | +11.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1999.
GS key statistics
- Market cap
- $255.0B
- #45 in S&P 500
- P/E (TTM)
- 12.6x
- Forward P/E
- 11.8x
- EPS (TTM)
- $69.55
- Revenue (TTM)
- $71.0B
- +23%
- Free cash flow
- -$41.5B
- Gross margin
- 81.3%
- Operating margin
- 38.2%
- Return on equity
- 17.8%
- Dividend yield
- 2.28%
- 52-week range
- $754.00 – $1,154
- Beta
- 1.28
- Price / sales
- 3.6x
- EV / EBITDA
- —
- Debt / equity
- 6.71x
- Employees
- 47,500
GS report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth23.3%A
- Gross margin81.3%A
- Operating margin38.2%A
- FCF margin-58.4%F
- Return on equity17.8%B
- Net debt / EBITDA——
- Forward P/E11.8xA
- PEG ratio1.2xB
- Shareholder yield7.1%A
- Share count change / yr-2.5%A
Goldman Sachs financials
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $7.4B | $4.3B | $10.5B | $8.5B | $9.5B | $21.6B | $11.3B | $8.5B | $14.3B | $17.2B |
| EPS (diluted) | $16.29 | $9.01 | $25.27 | $21.03 | $24.74 | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 |
| Free cash flow | $3.6B | -$23.7B | $8.6B | $15.4B | -$24.8B | $1.6B | $5.0B | -$14.9B | -$15.3B | -$47.2B |
| Buybacks | $6.1B | $6.8B | $3.3B | $5.3B | $1.9B | $5.2B | $3.5B | $5.8B | $8.0B | $12.4B |
| Dividends paid | $1.7B | $1.8B | $1.8B | $2.1B | $2.3B | $2.7B | $3.7B | $4.2B | $4.5B | $5.3B |
| Diluted shares | 435.1M | 409.1M | 390.2M | 375.5M | 360.3M | 355.8M | 358.1M | 345.8M | 333.6M | 317.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into GS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $85.0B and -$41.5B of trailing free cash flow, Goldman Sachs needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 17.1x vs. median 12.5x (10th–90th percentile 6.8x–26.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
GS dividend
- Dividend yield
- 2.28%
- Annual dividend
- $20.00
- Years of increases
- 14
- 5-yr dividend growth
- 22.9%
- per year
- Payout ratio
- 26%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
GS earnings
Next report: January 19, 2027. Goldman Sachs has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 13, 2026 | $13.09 | $17.01 | +30.0% |
| Jul 14, 2026 | $14.54 | $20.98 | +44.3% |
| Apr 13, 2026 | $16.24 | $17.55 | +8.1% |
| Jan 15, 2026 | $11.76 | $14.01 | +19.1% |
| Oct 14, 2025 | $11.09 | $12.25 | +10.5% |
| Jul 16, 2025 | $9.62 | $10.91 | +13.4% |
| Apr 14, 2025 | $12.29 | $14.12 | +14.9% |
| Jan 15, 2025 | $8.29 | $10.97 | +32.3% |
Stocks like GS
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MS Morgan Stanley | -2.44% | +15% | $280.9B | 14.2x | Compare |
 SCHW Charles Schwab Corporation (The | -0.94% | -3% | $156.6B | 15.5x | Compare |
 IBKR Interactive Brokers | -2.43% | +20% | $136.8B | 30.6x | Compare |
 HOOD Robinhood Markets | -1.56% | -29% | $85.5B | 41.9x | Compare |
 RJF Raymond James Financial | -0.94% | -3% | $30.3B | 13.7x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
GS news
- Goldman Sachs cuts Kospi target by 25% amid AI stock selloff · Oct 25, 2026
- Goldman Sachs warns on the Hormuz crisis and rising fuel costs · Oct 24, 2026
- Goldman Sachs (GS) Stock Still Looks Reasonable On Its 223% Run · Oct 24, 2026
- Jim Cramer Says Reinvesting Dividends Is “Where Some Big Money Can Be Made.” Is He Right? · Oct 23, 2026
- Top Stock Reports for Apple, Berkshire Hathaway & Goldman Sachs · Oct 23, 2026
GS stock FAQ
What is GS's market cap?
Goldman Sachs's market capitalization is $254.97 billion as of October 23, 2026, ranking 45th in the S&P 500.
What is GS's P/E ratio?
GS trades at a trailing price-to-earnings ratio of 12.6x and a forward P/E of 11.8x. Its median P/E over the period we track is 12.5x.
Does GS pay a dividend?
Yes. Goldman Sachs pays $20.00 per share a year, a 2.28% yield. It has raised its dividend 14 years in a row. Dividends grew 22.9% a year over the last five years.
How much has GS stock returned?
Including reinvested dividends, GS returned +18.9% over one year, +19.0% a year over five years, +19.9% a year over ten years through October 23, 2026.
When does GS report earnings?
Goldman Sachs is expected to report earnings on January 19, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Goldman Sachs have?
Goldman Sachs has about 47,500 full-time employees, or $1.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology