Goldman Sachs Group (GS) FY2024 10-K Annual Report
Goldman Sachs Group (GS) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Goldman Sachs Group FY2024 10-K Analysis
Business Overview
- • Core business: Global investment banking, securities, and investment management services
- • No new products, services, or segments highlighted in this year's filing
- • Insider trading policy formalized and filed as Exhibit 19.1, emphasizing regulatory compliance and governance
- • Equity compensation plans include 18.3M RSUs outstanding and 55.7M shares available for future issuance under stock incentive plan
- • No outstanding stock options as of December 31, 2024, with RSUs net of tax withholding as sole equity awards
Management Discussion & Analysis
- • No direct revenue or profitability data disclosed in this MD&A section; focus is on market and credit risk management
- • Market risk average daily VaR $92M in 2024 vs $99M in 2023; period-end VaR $91M vs $93M; declines driven by interest rate risk decrease, offset by equity and currency risk increase
- • Credit exposure slightly decreased; cash and equivalents credit exposure down to $167.3B from $224.5B; loans and commitments up to $484.3B from $436.2B
- • Corporate loans and commitments grew to $192.5B from $180.3B, with non-investment grade portion at 42% of corporate exposure
- • No explicit cash flow, capital allocation, or forward-looking guidance included in this risk-focused MD&A excerpt
Risk Factors
- • Regulatory risk from ongoing compliance with multi-jurisdictional laws, rules, and regulations monitored by Compliance Risk Management Program
- • Reputational risk from potential negative publicity causing revenue reduction or costly litigation, overseen by Firmwide Reputational Risk Committee
- • Operational risk in conflict of interest resolution across Global Banking & Markets and investment activities involving multiple oversight committees
- • Legal risk from regulatory examinations, audits, and inquiries requiring responses coordinated by Compliance and legal teams
- • Organizational risk from reliance on chief legal officer and head of Conflicts Resolution for conflict management and compliance oversight
Goldman Sachs Group FY2024 Key Financial MetricsXBRL
Revenue
$53.5B
▲ +15.7% YoY
Net Income
$14.3B
▲ +67.6% YoY
Net Margin
26.7%
▲ +827bp YoY
ROE
11.7%
▲ +442bp YoY
Total Assets
$1.68T
▲ +2.1% YoY
EPS (Diluted)
$40.54
▲ +77.3% YoY
Operating Cash Flow
-$13.2B
▼ -5.0% YoY
Source: XBRL data from Goldman Sachs Group FY2024 10-K filing on SEC EDGAR. All figures in USD.
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