GOLDMAN SACHS GROUP INC
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
GS$906.22+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December | ||
|---|---|---|
| $ in millions | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | $164,259 | $182,092 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (includes $126,007 and $179,793 at fair value) | 126,007 | 180,062 |
| Securities borrowed (includes $51,581 and $46,902 at fair value) | 208,208 | 194,645 |
| Customer and other receivables (includes $315 and $23 at fair value) | 185,842 | 133,717 |
| Trading assets (at fair value and includes $158,641 and $148,417 pledged as collateral) | 656,796 | 570,555 |
| Investments: | ||
| Available-for-sale securities (at fair value; amortized cost of $99,116 and $80,777) | 99,244 | 79,458 |
| Held-to-maturity securities | 69,193 | 78,713 |
| Other investments (includes $24,938 and $25,284 at fair value) | 25,825 | 26,343 |
| Loans (net of allowance of $2,148 and $4,666, and includes $4,905 and $5,460 at fair value) | 237,734 | 196,200 |
| Other assets (includes $180 and $194 at fair value) | 36,212 | 34,187 |
| Total assets | $1,809,320 | $1,675,972 |
| Liabilities and shareholders’ equity | ||
| Deposits (includes $76,569 and $44,855 at fair value) | $501,422 | $433,013 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 223,384 | 274,380 |
| Securities loaned (includes $11,995 and $10,246 at fair value) | 53,644 | 56,060 |
| Other secured financings (includes $27,833 and $27,985 at fair value) | 28,021 | 28,150 |
| Customer and other payables | 231,865 | 223,255 |
| Trading liabilities (at fair value) | 262,552 | 202,555 |
| Unsecured short-term borrowings (includes $59,758 and $50,367 at fair value) | 70,459 | 69,709 |
| Unsecured long-term borrowings (includes $112,683 and $89,189 at fair value) | 285,500 | 242,634 |
| Other liabilities (includes $111 and $84 at fair value) | 27,501 | 24,220 |
| Total liabilities | 1,684,348 | 1,553,976 |
| Commitments, contingencies and guarantees | ||
| Shareholders’ equity | ||
| Preferred stock; aggregate liquidation preference of $15,153 and $13,253 | 15,153 | 13,253 |
| Common stock; 931,995,446 and 927,499,667 shares issued, and 296,476,742 and 310,653,708 shares outstanding | 9 | 9 |
| Share-based awards | 5,795 | 5,148 |
| Nonvoting common stock; no shares issued and outstanding | – | – |
| Additional paid-in capital | 61,906 | 61,376 |
| Retained earnings | 165,288 | 153,412 |
| Accumulated other comprehensive loss | (2,260) | (2,702) |
| Stock held in treasury, at cost; 635,518,706 and 616,845,961 shares | (120,919) | (108,500) |
| Total shareholders’ equity | 124,972 | 121,996 |
| Total liabilities and shareholders’ equity | $1,809,320 | $1,675,972 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.