Goldman Historical Income Statement

GS Stock

USD 455.30 0.32 0.07%

Historical analysis of Goldman Sachs income statement accounts such as Selling General Administrative of 13.7 B can show how well Goldman Sachs Group performed in making a profits. Evaluating Goldman Sachs income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Goldman Sachs's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Goldman Sachs Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Goldman Sachs Group is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

About Goldman Income Statement Analysis

Goldman Sachs Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Goldman Sachs shareholders. The income statement also shows Goldman investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Goldman Sachs Income Statement Chart

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.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Operating Income Net Income Applicable To Common Shares

Total Revenue

Total revenue comprises all receipts Goldman Sachs Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Goldman Sachs Group minus its cost of goods sold. It is profit before Goldman Sachs operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Goldman Sachs Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Goldman Sachs Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

	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)
Depreciation And Amortization	1.7B	1.9B	2.0B	2.5B	4.9B	5.1B
Interest Expense	17.4B	8.9B	5.7B	21.3B	62.2B	65.3B
Selling General Administrative	12.4B	13.3B	17.7B	15.1B	15.5B	13.7B
Selling And Marketing Expenses	739M	401M	553M	812M	629M	561.6M
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
Other Operating Expenses	22.7B	(27.9B)	(32.3B)	31.2B	97.7B	102.6B
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
Total Operating Expenses	(22.7B)	(27.9B)	(32.3B)	31.2B	13.1B	13.7B
Income Before Tax	10.6B	12.5B	27.0B	13.5B	10.7B	11.4B
Total Other Income Expense Net	14.6B	(1.4B)	704M	(21.3B)	10.7B	11.3B
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
Net Income Applicable To Common Shares	7.9B	8.9B	21.2B	10.8B	12.4B	7.8B
Net Income From Continuing Ops	8.5B	9.5B	21.6B	11.3B	7.8B	7.8B
Preferred Stock And Other Adjustments	569M	544M	484M	497M	571.6M	501.7M
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
Reconciled Depreciation	1.7B	1.9B	2.0B	2.5B	4.8B	2.4B

Pair Trading with Goldman Sachs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Goldman Sachs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Goldman Sachs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Goldman Stock

0.93	BK	Bank of New York Financial Report 16th of July 2024	Pair Corr
0.96	MS	Morgan Stanley Financial Report 16th of July 2024	Pair Corr

Moving against Goldman Stock

0.75	AMK	AssetMark Financial	Pair Corr
0.67	MA	Mastercard	Pair Corr
0.65	GREE	Greenidge Generation	Pair Corr

The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Goldman Sachs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Goldman Sachs Group to buy it.

The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Goldman Sachs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldman Sachs Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Goldman Sachs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Goldman Stock Analysis

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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Goldman Historical Income Statement

About Goldman Income Statement Analysis

Goldman Sachs Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Net Income Applicable To Common Shares

Goldman Sachs income statement Correlations

Goldman Sachs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goldman Sachs income statement Accounts

Pair Trading with Goldman Sachs

Moving together with Goldman Stock

Moving against Goldman Stock

Additional Tools for Goldman Stock Analysis

COMMON DESTINATIONS

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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