GOLDMAN SACHS GROUP INC
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statistical Disclosures
Distribution of Assets, Liabilities and Shareholders’ Equity
The tables below present information about average balances, interest and average interest rates.
| Average Balance for the | ||||
|---|---|---|---|---|
| Three Months · Nine Months | ||||
| Ended September | Ended September | |||
| $ in millions | 2026 | 2025 | 2026 | 2025 |
| Assets | ||||
| U.S. | $103,251 | $116,013 | $103,832 | $99,833 |
| Non-U.S. | 79,335 | 63,898 | 73,200 | 67,407 |
| Deposits with banks | 182,586 | 179,911 | 177,032 | 167,240 |
| U.S. | 189,895 | 225,199 | 208,532 | 226,714 |
| Non-U.S. | 185,317 | 142,577 | 156,681 | 144,232 |
| Collateralized agreements | 375,212 | 367,776 | 365,213 | 370,946 |
| U.S. | 403,429 | 318,749 | 387,374 | 324,033 |
| Non-U.S. | 329,327 | 244,632 | 314,085 | 229,303 |
| Trading assets | 732,756 | 563,381 | 701,459 | 553,336 |
| U.S. | 245,400 | 185,974 | 225,802 | 181,405 |
| Non-U.S. | 24,893 | 17,384 | 22,416 | 16,454 |
| Investments | 270,293 | 203,358 | 248,218 | 197,859 |
| U.S. | 223,030 | 195,406 | 215,158 | 189,681 |
| Non-U.S. | 22,206 | 17,541 | 20,825 | 17,898 |
| Loans | 245,236 | 212,947 | 235,983 | 207,579 |
| U.S. | 146,705 | 98,668 | 140,879 | 94,237 |
| Non-U.S. | 80,661 | 63,019 | 80,126 | 58,898 |
| Other interest-earning assets | 227,366 | 161,687 | 221,005 | 153,135 |
| Interest-earning assets | 2,033,449 | 1,689,060 | 1,948,910 | 1,650,095 |
| Cash and due from banks | 5,577 | 4,912 | 5,397 | 4,871 |
| Other non-interest-earning assets | 123,344 | 112,187 | 125,706 | 111,950 |
| Assets | $2,162,370 | $1,806,159 | $2,080,013 | $1,766,916 |
| Liabilities | ||||
| U.S. | $434,610 | $362,128 | $422,049 | $351,132 |
| Non-U.S. | 126,050 | 111,809 | 124,424 | 107,808 |
| Interest-bearing deposits | 560,660 | 473,937 | 546,473 | 458,940 |
| U.S. | 216,107 | 167,814 | 192,689 | 178,850 |
| Non-U.S. | 125,617 | 120,334 | 128,529 | 116,255 |
| Collateralized financings | 341,724 | 288,148 | 321,218 | 295,105 |
| U.S. | 91,518 | 82,428 | 89,825 | 76,394 |
| Non-U.S. | 128,220 | 104,331 | 124,685 | 91,957 |
| Trading liabilities | 219,738 | 186,759 | 214,510 | 168,351 |
| U.S. | 54,441 | 45,035 | 55,534 | 46,961 |
| Non-U.S. | 59,263 | 41,495 | 51,870 | 39,187 |
| Short-term borrowings | 113,704 | 86,530 | 107,404 | 86,148 |
| U.S. | 269,918 | 213,726 | 252,538 | 210,926 |
| Non-U.S. | 99,180 | 71,077 | 92,081 | 64,981 |
| Long-term borrowings | 369,098 | 284,803 | 344,619 | 275,907 |
| U.S. | 159,825 | 144,109 | 153,133 | 147,533 |
| Non-U.S. | 118,488 | 95,663 | 117,954 | 89,206 |
| Other interest-bearing liabilities | 278,313 | 239,772 | 271,087 | 236,739 |
| Interest-bearing liabilities | 1,883,237 | 1,559,949 | 1,805,311 | 1,521,190 |
| Non-interest-bearing deposits | 6,480 | 5,800 | 6,380 | 5,650 |
| Other non-interest-bearing liabilities | 148,932 | 116,903 | 145,294 | 116,632 |
| Liabilities | 2,038,649 | 1,682,652 | 1,956,985 | 1,643,472 |
| Shareholders’ equity | ||||
| Preferred stock | 14,341 | 15,153 | 13,968 | 14,963 |
| Common stock | 109,380 | 108,354 | 109,060 | 108,481 |
| Shareholders’ equity | 123,721 | 123,507 | 123,028 | 123,444 |
| Liabilities and shareholders’ equity | $2,162,370 | $1,806,159 | $2,080,013 | $1,766,916 |
| Percentage attributable to non-U.S. operations | ||||
| Interest-earning assets | 35.49% | 32.51% | 34.24% | 32.37% |
| Interest-bearing liabilities | 34.88% | 34.92% | 35.43% | 33.49% |
| Interest for the | ||||
|---|---|---|---|---|
| Three Months · Nine Months | ||||
| Ended September | Ended September | |||
| $ in millions | 2026 | 2025 | 2026 | 2025 |
| Assets | ||||
| U.S. | $962 | $1,276 | $2,828 | $3,281 |
| Non-U.S. | 496 | 383 | 1,311 | 1,292 |
| Deposits with banks | 1,458 | 1,659 | 4,139 | 4,573 |
| U.S. | 2,653 | 3,258 | 8,941 | 9,742 |
| Non-U.S. | 2,191 | 1,462 | 5,444 | 4,274 |
| Collateralized agreements | 4,844 | 4,720 | 14,385 | 14,016 |
| U.S. | 2,869 | 2,609 | 8,821 | 7,877 |
| Non-U.S. | 2,180 | 1,696 | 5,713 | 4,849 |
| Trading assets | 5,049 | 4,305 | 14,534 | 12,726 |
| U.S. | 2,324 | 1,826 | 6,369 | 5,216 |
| Non-U.S. | 218 | 159 | 605 | 464 |
| Investments | 2,542 | 1,985 | 6,974 | 5,680 |
| U.S. | 3,489 | 4,107 | 10,026 | 11,484 |
| Non-U.S. | 271 | 304 | 773 | 916 |
| Loans | 3,760 | 4,411 | 10,799 | 12,400 |
| U.S. | 3,488 | 2,436 | 10,025 | 6,814 |
| Non-U.S. | 1,652 | 1,306 | 4,621 | 3,785 |
| Other interest-earning assets | 5,140 | 3,742 | 14,646 | 10,599 |
| Interest-earning assets | $22,793 | $20,822 | $65,477 | $59,994 |
| Liabilities | ||||
| U.S. | $3,983 | $3,660 | $11,750 | $10,707 |
| Non-U.S. | 1,102 | 1,010 | 3,107 | 3,038 |
| Interest-bearing deposits | 5,085 | 4,670 | 14,857 | 13,745 |
| U.S. | 2,951 | 2,898 | 8,761 | 8,669 |
| Non-U.S. | 1,924 | 1,399 | 5,203 | 4,002 |
| Collateralized financings | 4,875 | 4,297 | 13,964 | 12,671 |
| U.S. | 446 | 507 | 1,527 | 1,417 |
| Non-U.S. | 702 | 589 | 1,990 | 1,571 |
| Trading liabilities | 1,148 | 1,096 | 3,517 | 2,988 |
| U.S. | 270 | 219 | 827 | 820 |
| Non-U.S. | 131 | 75 | 326 | 235 |
| Short-term borrowings | 401 | 294 | 1,153 | 1,055 |
| U.S. | 2,953 | 2,483 | 7,871 | 7,445 |
| Non-U.S. | 101 | 63 | 253 | 173 |
| Long-term borrowings | 3,054 | 2,546 | 8,124 | 7,618 |
| U.S. | 2,558 | 2,491 | 7,104 | 7,447 |
| Non-U.S. | 1,902 | 1,576 | 5,479 | 4,619 |
| Other interest-bearing liabilities | 4,460 | 4,067 | 12,583 | 12,066 |
| Interest-bearing liabilities | $19,023 | $16,970 | $54,198 | $50,143 |
| Net interest income | ||||
| U.S. | $2,624 | $3,254 | $9,170 | $7,909 |
| Non-U.S. | 1,146 | 598 | 2,109 | 1,942 |
| Net interest income | $3,770 | $3,852 | $11,279 | $9,851 |
| 97 | Goldman Sachs September 2026 Form 10-Q |
Statistical Disclosures
| Annualized Average Rate for the | ||||
|---|---|---|---|---|
| Three Months · Nine Months | ||||
| Ended September | Ended September | |||
| 2026 | 2025 | 2026 | 2025 | |
| Assets | ||||
| U.S. | 3.70% | 4.36% | 3.64% | 4.39% |
| Non-U.S. | 2.48% | 2.38% | 2.39% | 2.56% |
| Deposits with banks | 3.17% | 3.66% | 3.13% | 3.66% |
| U.S. | 5.54% | 5.74% | 5.73% | 5.75% |
| Non-U.S. | 4.69% | 4.07% | 4.65% | 3.96% |
| Collateralized agreements | 5.12% | 5.09% | 5.27% | 5.05% |
| U.S. | 2.82% | 3.25% | 3.04% | 3.25% |
| Non-U.S. | 2.63% | 2.75% | 2.43% | 2.83% |
| Trading assets | 2.73% | 3.03% | 2.77% | 3.07% |
| U.S. | 3.76% | 3.90% | 3.77% | 3.84% |
| Non-U.S. | 3.47% | 3.63% | 3.61% | 3.77% |
| Investments | 3.73% | 3.87% | 3.76% | 3.84% |
| U.S. | 6.21% | 8.34% | 6.23% | 8.09% |
| Non-U.S. | 4.84% | 6.88% | 4.96% | 6.84% |
| Loans | 6.08% | 8.22% | 6.12% | 7.99% |
| U.S. | 9.43% | 9.80% | 9.51% | 9.67% |
| Non-U.S. | 8.13% | 8.22% | 7.71% | 8.59% |
| Other interest-earning assets | 8.97% | 9.18% | 8.86% | 9.25% |
| Interest-earning assets | 4.45% | 4.89% | 4.49% | 4.86% |
| Liabilities | ||||
| U.S. | 3.64% | 4.01% | 3.72% | 4.08% |
| Non-U.S. | 3.47% | 3.58% | 3.34% | 3.77% |
| Interest-bearing deposits | 3.60% | 3.91% | 3.63% | 4.00% |
| U.S. | 5.42% | 6.85% | 6.08% | 6.48% |
| Non-U.S. | 6.08% | 4.61% | 5.41% | 4.60% |
| Collateralized financings | 5.66% | 5.92% | 5.81% | 5.74% |
| U.S. | 1.93% | 2.44% | 2.27% | 2.48% |
| Non-U.S. | 2.17% | 2.24% | 2.13% | 2.28% |
| Trading liabilities | 2.07% | 2.33% | 2.19% | 2.37% |
| U.S. | 1.97% | 1.93% | 1.99% | 2.33% |
| Non-U.S. | 0.88% | 0.72% | 0.84% | 0.80% |
| Short-term borrowings | 1.40% | 1.35% | 1.44% | 1.64% |
| U.S. | 4.34% | 4.61% | 4.17% | 4.72% |
| Non-U.S. | 0.40% | 0.35% | 0.37% | 0.36% |
| Long-term borrowings | 3.28% | 3.55% | 3.15% | 3.69% |
| U.S. | 6.35% | 6.86% | 6.20% | 6.75% |
| Non-U.S. | 6.37% | 6.54% | 6.21% | 6.92% |
| Other interest-bearing liabilities | 6.36% | 6.73% | 6.21% | 6.81% |
| Interest-bearing liabilities | 4.01% | 4.32% | 4.01% | 4.41% |
| Interest rate spread | 0.44% | 0.57% | 0.48% | 0.45% |
| U.S. | 0.79% | 1.13% | 0.96% | 0.95% |
| Non-U.S. | 0.63% | 0.43% | 0.42% | 0.49% |
| Net yield on interest-earning assets | 0.74% | 0.90% | 0.77% | 0.80% |
Assets, liabilities and interest are classified as U.S. and non-U.S. based on the location of the legal entity in which the assets and liabilities are held.
Derivative instruments and commodities are included in other non-interest-earning assets and other non-interest-bearing liabilities.
Average collateralized agreements included $131.76 billion of resale agreements and $243.45 billion of securities borrowed for the three months ended September 2026, and $155.83 billion of resale agreements and $211.95 billion of securities borrowed for the three months ended September 2025, $130.13 billion of resale agreements and $235.08 billion of securities borrowed for the nine months ended September 2026, and $162.38 billion of resale agreements and $208.57 billion of securities borrowed for the nine months ended September 2025.
Other interest-earning assets primarily consists of certain receivables from customers and counterparties.
Average collateralized financings included $285.47 billion of repurchase agreements and $56.25 billion of securities loaned for the three months ended September 2026, and $228.88 billion of repurchase agreements and $59.27 billion of securities loaned for the three months ended September 2025, $264.96 billion of repurchase agreements and $56.26 billion of securities loaned for the nine months ended September 2026, and $237.76 billion of repurchase agreements and $57.35 billion of securities loaned for the nine months ended September 2025.
Substantially all other interest-bearing liabilities consists of certain payables to customers and counterparties.
Interest rates for borrowings include the effects of interest rate swaps accounted for as hedges.
Loans exclude loans held for sale that are accounted for at the lower of cost or fair value. Such loans are included within other interest-earning assets.
Short- and long-term borrowings include both secured and unsecured borrowings.
| Goldman Sachs September 2026 Form 10-Q | 98 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.