The Goldman Sachs Group, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.63B | $5.63B | $4.10B | $3.72B | $4.74B | $2.99B | $3.04B | $4.13B |
| Depreciation & Amortization | $509.0M | $495.0M | $531.0M | $618.0M | $506.0M | $621.0M | $646.0M | $627.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $40.0M | $23.0M | $20.0M | $22.0M | $21.0M | $95.0M | $33.0M | $26.0M |
| Stock-Based Compensation | — | $2.53B | — | — | $2.42B | — | — | $1.84B |
| Net Cash from Operating Activities | $6.11B | $-31.87B | $2.68B | $5.67B | $-37.23B | $-38.06B | $6.12B | $-28.04B |
| Investing Activities | ||||||||
| Capital Expenditures | $502.0M | $565.0M | $558.0M | $476.0M | $499.0M | $466.0M | $542.0M | $497.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-56.31B | — | — | $-22.75B | — | — | $-7.98B |
| Financing Activities | ||||||||
| Dividends Paid | — | $1.59B | — | — | $1.12B | — | — | $1.12B |
| Stock Repurchases | — | $5.00B | — | — | $4.36B | — | — | $1.50B |
| Net Cash from Financing Activities | — | $104.29B | — | — | $42.83B | — | — | $7.17B |
| Net Change in Cash | — | $15.27B | — | — | $-14.68B | — | — | $-32.19B |
| Free Cash Flow | $5.60B | $-32.43B | $2.12B | $5.20B | $-37.73B | $-38.53B | $5.58B | $-28.54B |