GS at a glance
Goldman Sachs Group (GS, SEC CIK 886982) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on August 11, 2026 and Form 4 insider filings as recently as September 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Goldman Sachs Group (GS) reported revenue of $58.3 billion (up 8.9% from FY2024) and net income of $17.2 billion. Diluted EPS was $51.32.
- As of June 30, 2026, 65 institutional investment managers tracked by SignalX reported holding Goldman Sachs Group (GS) shares worth $118.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by LESLIE ERICKA T on August 28, 2026 of 600 shares at $1033.80 per share.
- In the last 90 days, GS insiders reported 0 open-market purchases ($0) and 6 open-market sales ($1.1M) on Form 4, a net sale of $1.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $58.3B
- +8.9% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$1.1M
- 13F holders
- 65 funds
- $118.4B · −1 vs prior quarter
- Latest 8-K
- Aug 11, 2026
- Item 5.03
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Revenue $58.28B, up 9% YoY ($4.77B increase); driven by Global Banking & Markets, net interest income +68% to $13.56B, investment banking fees +21% to $9.35B
- Efficiency ratio 64.4% vs 63.1% prior year; ROE 15.0% vs 12.7%; ROTE 16.0% vs 13.5%; net earnings $17.18B vs $14.28B
- Best segment: Global Banking & Markets revenue $41.45B (+18%), ROE 16.4% vs 13.8%; worst: Platform Solutions revenue $151M vs $2.13B, hit by $2.26B Apple Card markdown
- Capital returned $16.78B total: $12.36B buybacks + $4.42B dividends; CET1 ratio 14.3% (Standardized); Board approved $40B repurchase program; quarterly dividend raised to $4.50/share in Q1 2026
- Management targets AWM ROE high-teens (~17-19%) and ~30% pre-tax margin medium-term; 2026 effective tax rate guided ~20%; key risks: tariff uncertainty, geopolitical tensions, potential G-SIB surcharge rising to 4.0% by 2028
Risk Factors
- One-notch credit rating downgrade triggers $224M in additional collateral calls; two-notch downgrade triggers $1.80B
- April 2025 U.S. broad tariffs on China imports, China retaliating with rare earth export restrictions: directly threatening GS client activity and revenues
- Cloud provider outage in October 2025 affected GS and many businesses worldwide, exposing third-party infrastructure dependency
- AI and distributed ledger technologies enabling competitors to reduce costs and improve execution, risking GS market share loss
- G-SIB surcharge increases as balance sheet grows; FRB July 2023 proposal to broaden surcharge calculation could further raise capital requirements
Business Overview
- Global investment bank and BHC operating three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions
- Decisive consumer exit: sold GM credit card program in 2025; signed agreement in December 2025 to transition Apple Card to another issuer, completing ~2-year wind-down of consumer-lending strategy
- Segment restructuring Q4 2025: transaction banking moved from Platform Solutions to Global Banking & Markets; equity/debt investments consolidated within Asset & Wealth Management reflecting shift toward third-party fund-driven model
- Headcount 47,400 as of December 2025, with 45% in strategic locations (Bengaluru, Dallas, Warsaw, etc.) and 45% of partners being campus hires; Management Committee average tenure ~23 years
- GENIUS Act stablecoin framework enacted July 2025 and EU Basel III Revisions (CRR III) effective January 2025 represent new regulatory frontiers explicitly flagged as competitive and compliance variables
AI summary of the GS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Capital returned $5.36B in Q2 2026, including $4.00B repurchases and $1.36B dividends
- Quarterly dividend raised from $4.50 to $5.00 per share beginning Q3 2026
- CET1 capital $101.657B in June 2026 vs $104.297B in December 2025
- Advanced RWAs $747.374B vs $691.470B, driven by higher lending exposures and market volatility
- G-SIB surcharge 3.5% for 2026–2027, expected 4.0% beginning 2028
AI summary of the GS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Series U preferred stock fully redeemed on August 10, 2026
- Certificate of Elimination filed August 11, 2026, removing Series U terms from Goldman Sachs’ charter
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Series AA preferred stock established with 6.500% fixed-rate reset dividend
- $25,000 liquidation preference per share, ranking ahead of common equity in liquidation
Item 8.01: Other Events
- Proposed offering of Series AA preferred depositary shares, each representing 1/25 share
- Pricing and closing remain subject to market conditions; no proceeds or offering size disclosed
AI summaries of GS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GS
Don't miss the next GS filing
- Alerts as it files. A push when GS files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut GS, by share count.
- Ask anything. An AI agent that reads every GS filing and answers with sources.
GS alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| LESLIE ERICKA T | Sell | Aug 28, 2026 | 600 | $1033.80 |
| LESLIE ERICKA T | Sell | Aug 4, 2026 | 9 | $1054.77 |
| LESLIE ERICKA T | Sell | Aug 4, 2026 | 37 | $1053.05 |
| LESLIE ERICKA T | Sell | Aug 4, 2026 | 129 | $1054.18 |
| JOHNSON KEVIN R | A | Jul 15, 2026 | 33 | - |
| OPPENHEIMER PETER | A | Jul 15, 2026 | 50 | - |
| HESS JOHN B | A | Jul 15, 2026 | 22 | - |
| LESLIE ERICKA T | Sell | Jul 15, 2026 | 101 | $1151.29 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $46.3B | $53.5B | $58.3B |
| Net Income | $8.5B | $14.3B | $17.2B |
| Net Margin | 18.4% | 26.7% | 29.5% |
| Balance Sheet | |||
| Total Assets | - | $1.7T | $1.8T |
| Equity | $116.9B | $122.0B | $125.0B |
| ROE | 7.3% | 11.7% | 13.7% |
| Per Share | |||
| EPS | $22.87 | $40.54 | $51.32 |
| Cash Flow | |||
| Operating CF | -$12.6B | -$13.2B | -$45.2B |
| CapEx | $2.3B | $2.1B | $2.1B |
Source: XBRL data in Goldman Sachs Group (GS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 65 | $118.36B |
| Q1 2026 | 66 | $97.23B |
| Q4 2025 | 63 | $109.24B |
| Q3 2025 | 66 | $105.06B |
| Q2 2025 | 62 | $87.71B |
| Q1 2025 | 57 | $53.66B |
| Q4 2024 | 54 | $44.10B |
| Q3 2024 | 46 | $22.40B |
- JPMorgan Chase & Co+823.6K (+11%)
- FMR LLC (Fidelity)+525.4K (+16%)
- Citigroup+393.2K (+60%)
- Two Sigma Investments+387.8K (+106%)
- D.E. Shaw & Co+295.8K (+8056%)
- State Street Corp−424.6K (-2%)
- Franklin Resources−319.1K (-14%)
- Ameriprise Financial−160.9K (-10%)
- T. Rowe Price Group−131.5K (-5%)
- Invesco Ltd−125.1K (-5%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 479 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 1, 2026 | - | - | - |
| 13F-HR | Aug 14, 2026 | Jun 30, 2026 | - | |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 13, 2026 | - | - | |
| SC 13G | Aug 12, 2026 | - | - | |
| SC 13G | Aug 12, 2026 | - | - | |
| SC 13G | Aug 12, 2026 | - | - | |
| SC 13G | Aug 12, 2026 | - | - | |
| SC 13G | Aug 11, 2026 | - | - | |
| SC 13G | Aug 11, 2026 | - | - | |
| 8-K | Aug 11, 2026 | - | Analysis | - |
| SC 13G | Aug 10, 2026 | - | - | |
| SC 13G | Aug 10, 2026 | - | - | |
| SC 13G | Aug 10, 2026 | - | - | |
| SC 13G | Aug 10, 2026 | - | - | |
| SC 13G | Aug 10, 2026 | - | - | |
| SC 13G | Aug 7, 2026 | - | - | |
| 4 | Aug 6, 2026 | - | - | - |
| 10-Q | Aug 3, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 8-K | Jul 21, 2026 | - | - | - |
| 8-K | Jul 20, 2026 | - | Analysis | - |
Related Financials companies
- BLK · BlackRockSecurity Brokers, Dealers & Flotation Companies
- SCHW · Charles Schwab CorpSecurity Brokers, Dealers & Flotation Companies
- ETOR · eToro Group LtdSecurity Brokers, Dealers & Flotation Companies
- IBKR · Interactive BrokersSecurity Brokers, Dealers & Flotation Companies
- JEF · Jefferies Financial Group IncSecurity Brokers, Dealers & Flotation Companies
- MIAX · MIAMI INTERNATIONAL HOLDINGS, INC.Security Brokers, Dealers & Flotation Companies
- MS · Morgan StanleySecurity Brokers, Dealers & Flotation Companies
- NAVI · NAVIENT CORPSecurity Brokers, Dealers & Flotation Companies
GS SEC filings: frequently asked questions
Are GS insiders buying or selling?
In the last 90 days, Goldman Sachs Group (GS) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $1.1 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold GS stock?
As of June 30, 2026, the largest Goldman Sachs Group (GS) holders among the 13F filers tracked by SignalX were BlackRock ($24.2 billion), State Street Corp ($19.0 billion), Vanguard Capital Management LLC ($18.6 billion), JPMorgan Chase & Co ($8.2 billion), Vanguard Portfolio Management LLC ($7.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Goldman Sachs Group (GS) reported revenue of $58.3 billion (up 8.9% from FY2024) and net income of $17.2 billion. Diluted EPS was $51.32. The figures come from the XBRL data in the 10-K.
What are the main risks in GS's latest 10-K?
In the 10-K filed February 25, 2026, Goldman Sachs Group (GS) flagged: One-notch credit rating downgrade triggers $224M in additional collateral calls; two-notch downgrade triggers $1.80B. April 2025 U.S. broad tariffs on China imports, China retaliating with rare earth export restrictions: directly threatening GS client activity and revenues. (AI summary of the Risk Factors section.)
What did GS report in its latest 8-K?
Goldman Sachs Group (GS) filed an 8-K on August 11, 2026 reporting Item 5.03 (Amendments to Articles of Incorporation or Bylaws). Series U preferred stock fully redeemed on August 10, 2026.
What are the latest GS SEC filings?
Goldman Sachs Group (GS) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on August 11, 2026 and a Form 4 insider filing on September 1, 2026.
What is GS's SEC CIK number?
Goldman Sachs Group (GS)'s SEC Central Index Key (CIK) is 886982. EDGAR lists every GS filing under that number.
Ask anything about GS
The research agent reads GS's filings, financials, insider trades and 13F holders, then answers with sources.