Goldman Income Statement Research

GS Stock

USD 405.98 2.07 0.51%

Most accounts from Goldman Sachs' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Goldman Sachs Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Goldman Sachs Valuation and Goldman Sachs Correlation analysis.

At this time, Goldman Sachs' Total Other Income Expense Net is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 3.3 B in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 561.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	5.7B	21.3B	62.2B	65.3B
Depreciation And Amortization	2.0B	2.5B	4.9B	5.1B

Interest Expense Depreciation And Amortization

Goldman Sachs income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.92	0.55	0.26	0.47	0.28	0.76	0.17	-0.4	-0.31	0.17	0.62	0.19	0.59	0.21	0.05	0.31	-0.92	-0.24	0.5	-0.19	0.65	0.94	0.83	0.61
Interest Expense	0.92		0.25	0.22	0.21	-0.02	0.87	0.05	-0.53	-0.44	0.15	0.71	-0.06	0.55	-0.01	-0.15	0.01	-0.86	-0.22	0.44	-0.26	0.54	0.99	0.8	0.55
Selling General Administrative	0.55	0.25		0.42	0.93	0.8	0.07	0.61	0.31	0.39	0.31	0.15	0.81	0.28	0.77	0.5	0.9	-0.49	-0.12	0.55	0.13	0.68	0.34	0.52	0.54
Selling And Marketing Expenses	0.26	0.22	0.42		0.37	0.06	0.24	0.62	0.44	0.49	-0.07	0.49	0.2	-0.05	0.23	0.03	0.45	-0.21	-0.12	0.48	-0.19	0.46	0.29	0.27	0.45
Total Revenue	0.47	0.21	0.93	0.37		0.69	-0.07	0.71	0.43	0.51	0.42	0.17	0.87	0.23	0.88	0.43	0.82	-0.34	-0.21	0.72	0.19	0.81	0.31	0.58	0.68
Gross Profit	0.28	-0.02	0.8	0.06	0.69		-0.01	0.36	0.22	0.26	0.42	-0.07	0.73	0.08	0.59	0.73	0.73	-0.33	0.11	0.01	0.4	0.3	0.05	0.17	0.02
Other Operating Expenses	0.76	0.87	0.07	0.24	-0.07	-0.01		-0.17	-0.63	-0.57	0.08	0.69	-0.32	0.43	-0.33	-0.16	-0.13	-0.78	-0.01	0.06	-0.34	0.21	0.85	0.59	0.15
Operating Income	0.17	0.05	0.61	0.62	0.71	0.36	-0.17		0.82	0.87	0.32	0.42	0.68	-0.32	0.73	0.22	0.62	-0.09	-0.26	0.6	0.03	0.69	0.15	0.23	0.61
Ebit	-0.4	-0.53	0.31	0.44	0.43	0.22	-0.63	0.82		0.99	0.14	-0.01	0.54	-0.61	0.57	0.2	0.46	0.46	-0.12	0.28	0.14	0.28	-0.44	-0.27	0.22
Ebitda	-0.31	-0.44	0.39	0.49	0.51	0.26	-0.57	0.87	0.99		0.17	0.06	0.58	-0.56	0.62	0.21	0.52	0.37	-0.15	0.35	0.12	0.37	-0.35	-0.18	0.3
Cost Of Revenue	0.17	0.15	0.31	-0.07	0.42	0.42	0.08	0.32	0.14	0.17		0.12	0.49	0.17	0.46	0.33	0.24	-0.2	-0.07	0.19	0.03	0.29	0.19	0.23	0.22
Total Operating Expenses	0.62	0.71	0.15	0.49	0.17	-0.07	0.69	0.42	-0.01	0.06	0.12		-0.14	-0.1	-0.05	-0.29	-0.06	-0.49	-0.2	0.36	-0.37	0.6	0.73	0.6	0.43
Income Before Tax	0.19	-0.06	0.81	0.2	0.87	0.73	-0.32	0.68	0.54	0.58	0.49	-0.14		0.14	0.95	0.63	0.82	-0.17	-0.22	0.48	0.42	0.55	0.03	0.19	0.48
Total Other Income Expense Net	0.59	0.55	0.28	-0.05	0.23	0.08	0.43	-0.32	-0.61	-0.56	0.17	-0.1	0.14		0.14	0.08	0.2	-0.61	-0.07	0.36	-0.08	0.22	0.55	0.48	0.4
Net Income	0.21	-0.01	0.77	0.23	0.88	0.59	-0.33	0.73	0.57	0.62	0.46	-0.05	0.95	0.14		0.37	0.76	-0.13	-0.23	0.6	0.2	0.64	0.07	0.27	0.6
Income Tax Expense	0.05	-0.15	0.5	0.03	0.43	0.73	-0.16	0.22	0.2	0.21	0.33	-0.29	0.63	0.08	0.37		0.58	-0.21	-0.09	-0.05	0.77	0.04	-0.1	-0.09	-0.06
Net Income From Continuing Ops	0.31	0.01	0.9	0.45	0.82	0.73	-0.13	0.62	0.46	0.52	0.24	-0.06	0.82	0.2	0.76	0.58		-0.36	-0.12	0.46	0.15	0.46	0.11	0.22	0.45
Non Operating Income Net Other	-0.92	-0.86	-0.49	-0.21	-0.34	-0.33	-0.78	-0.09	0.46	0.37	-0.2	-0.49	-0.17	-0.61	-0.13	-0.21	-0.36		0.1	-0.32	0.13	-0.43	-0.88	-0.62	-0.46
Non Recurring	-0.24	-0.22	-0.12	-0.12	-0.21	0.11	-0.01	-0.26	-0.12	-0.15	-0.07	-0.2	-0.22	-0.07	-0.23	-0.09	-0.12	0.1		-0.39	-0.11	-0.34	-0.22	-0.29	-0.38
Minority Interest	0.5	0.44	0.55	0.48	0.72	0.01	0.06	0.6	0.28	0.35	0.19	0.36	0.48	0.36	0.6	-0.05	0.46	-0.32	-0.39		-0.13	0.85	0.52	0.69	0.96
Tax Provision	-0.19	-0.26	0.13	-0.19	0.19	0.4	-0.34	0.03	0.14	0.12	0.03	-0.37	0.42	-0.08	0.2	0.77	0.15	0.13	-0.11	-0.13		-0.02	-0.25	-0.19	-0.17
Net Interest Income	0.65	0.54	0.68	0.46	0.81	0.3	0.21	0.69	0.28	0.37	0.29	0.6	0.55	0.22	0.64	0.04	0.46	-0.43	-0.34	0.85	-0.02		0.61	0.75	0.86
Interest Income	0.94	0.99	0.34	0.29	0.31	0.05	0.85	0.15	-0.44	-0.35	0.19	0.73	0.03	0.55	0.07	-0.1	0.11	-0.88	-0.22	0.52	-0.25	0.61		0.83	0.62
Reconciled Depreciation	0.83	0.8	0.52	0.27	0.58	0.17	0.59	0.23	-0.27	-0.18	0.23	0.6	0.19	0.48	0.27	-0.09	0.22	-0.62	-0.29	0.69	-0.19	0.75	0.83		0.65
Extraordinary Items	0.61	0.55	0.54	0.45	0.68	0.02	0.15	0.61	0.22	0.3	0.22	0.43	0.48	0.4	0.6	-0.06	0.45	-0.46	-0.38	0.96	-0.17	0.86	0.62	0.65

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Goldman Sachs Account Relationship Matchups

Goldman Sachs income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	17.4B	8.9B	5.7B	21.3B	62.2B	65.3B
Total Revenue	33.3B	40.4B	59.3B	47.4B	46.3B	33.8B
Gross Profit	19.9B	26.2B	40.6B	31.2B	29.7B	29.8B
Operating Income	10.6B	12.5B	27.0B	34.8B	11.9B	13.1B
Ebit	10.6B	12.5B	27.0B	34.8B	(6.6B)	(6.3B)
Ebitda	12.3B	14.4B	29.1B	37.3B	(1.7B)	(1.6B)
Cost Of Revenue	13.4B	14.3B	18.7B	16.2B	16.6B	16.7B
Income Before Tax	10.6B	12.5B	27.0B	13.5B	10.7B	11.4B
Net Income	8.5B	9.5B	21.6B	11.3B	8.5B	8.1B
Income Tax Expense	2.1B	3.0B	5.4B	2.2B	2.2B	3.3B
Minority Interest	553M	1.6B	1.7B	1.6B	1.9B	1.1B
Tax Provision	2.1B	3.0B	5.4B	2.2B	2.2B	2.6B
Net Interest Income	4.4B	4.8B	6.5B	7.7B	6.4B	5.3B
Interest Income	21.7B	13.7B	12.1B	29.0B	62.4B	65.6B

Goldman Sachs Investors Sentiment

The influence of Goldman Sachs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Goldman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Goldman Sachs' public news can be used to forecast risks associated with an investment in Goldman. The trend in average sentiment can be used to explain how an investor holding Goldman can time the market purely based on public headlines and social activities around Goldman Sachs Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Goldman Sachs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Goldman Sachs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Goldman Sachs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Goldman Sachs.

Goldman Sachs Implied Volatility

43.79

Goldman Sachs' implied volatility exposes the market's sentiment of Goldman Sachs Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Goldman Sachs' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Goldman Sachs stock will not fluctuate a lot when Goldman Sachs' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goldman Sachs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goldman Sachs' short interest history, or implied volatility extrapolated from Goldman Sachs options trading.

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When determining whether Goldman Sachs Group is a strong investment it is important to analyze Goldman Sachs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Goldman Sachs' future performance. For an informed investment choice regarding Goldman Stock, refer to the following important reports:

How To Invest In Goldman

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Is Goldman Stock a good investment?

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What is Goldman Sachs' Net Worth?

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Check out Goldman Sachs Valuation and Goldman Sachs Correlation analysis.

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When running Goldman Sachs' price analysis, check to measure Goldman Sachs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.

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Is Goldman Sachs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goldman Sachs. If investors know Goldman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goldman Sachs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.317

Dividend Share

10.75

Earnings Share

25.68

Revenue Per Share

138.222

Quarterly Revenue Growth

0.121

The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Goldman Income Statement Research

Goldman Sachs income statement Correlations

Goldman Sachs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goldman Sachs income statement Accounts

Goldman Sachs Investors Sentiment

Goldman Sachs Implied Volatility

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Interest Income	+ 0.99	Interest Expense
Ebitda	+ 0.99	Ebit
Extraordinary Items	+ 0.96	Minority Interest
Net Income	+ 0.95	Income Before Tax
Interest Income	+ 0.94	Depreciation And Amortization
Total Revenue	+ 0.93	Selling General Administrative

Non Operating Income Net Other	- 0.92	Depreciation And Amortization
Interest Income	- 0.88	Non Operating Income Net Other
Non Operating Income Net Other	- 0.86	Interest Expense
Non Operating Income Net Other	- 0.78	Other Operating Expenses
Ebit	- 0.63	Other Operating Expenses
Reconciled Depreciation	- 0.62	Non Operating Income Net Other