Goldman Sachs (GS) Free Cash Flow (2009 - 2026)
Goldman Sachs (GS) posted Free Cash Flow of -$32.4 billion for Q1 2026, down 92.97% sequentially from -$16.8 billion in Q4 2025, and up 14.04% YoY from -$28.4 billion in Q1 2025.
Goldman Sachs (GS) Free Cash Flow (2009 - 2026) Analysis & Trends
Goldman Sachs has reported Free Cash Flow for 18 years, with the latest figure at -$32.4 billion in Q1 2026.
- Quarterly Free Cash Flow rose 14.04% year-over-year to -$32.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$41.9 billion (down 71.13% YoY) and the FY2025 annual result came in at -$47.2 billion, down 208.55% from the prior year.
- Free Cash Flow slipped to -$32.4 billion in Q1 2026 per GS's latest filing, from -$16.8 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $46.2 billion in Q4 2024 and troughed at -$38.5 billion in Q3 2024.
- A 5-year average of -$6.2 billion and a median of -$16.8 billion in 2025 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 259.77% in 2024, down 424.0% in 2024.
- Over 5 years, Free Cash Flow stood at -$33.9 billion in 2022, then increased by 14.78% to -$28.9 billion in 2023, then jumped by 259.77% to $46.2 billion in 2024, then sank by 136.39% to -$16.8 billion in 2025, then tumbled by 92.97% to -$32.4 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$32.4 billion, -$16.8 billion, and $2.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.12 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 708.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 6.20 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 202.51 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 375.21 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 497.27 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.60 Bn |
| Jun 30, 2026 | 5.60 Bn |
| Mar 31, 2026 | -32.43 Bn |
| Mar 31, 2026 | -32.43 Bn |
| Dec 31, 2025 | -16.81 Bn |
| Dec 31, 2025 | -16.81 Bn |
| Sep 30, 2025 | 2.12 Bn |
| Sep 30, 2025 | 2.12 Bn |
| Jun 30, 2025 | 5.20 Bn |
| Jun 30, 2025 | 5.20 Bn |
| Mar 31, 2025 | -37.73 Bn |
| Mar 31, 2025 | -37.73 Bn |
| Dec 31, 2024 | 46.18 Bn |
| Dec 31, 2024 | 46.18 Bn |
| Sep 30, 2024 | -38.53 Bn |
| Sep 30, 2024 | -38.53 Bn |
| Jun 30, 2024 | 5.58 Bn |
| Jun 30, 2024 | 5.58 Bn |
| Mar 31, 2024 | -28.54 Bn |
| Mar 31, 2024 | -28.54 Bn |