GOLDMAN SACHS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period End Date	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Commissions and fees	4,042.00	4,086.00	3,789.00	4,034.00	3,619.00	3,548.00	2,988.00	3,199.00	3,051.00	3,208.00
Investment banking	9,348.00	7,738.00	6,218.00	7,360.00	14,168.00	9,141.00	6,798.00	7,862.00	7,371.00	6,273.00
Trading and principal investments	--	--	--	--	--	--	--	--	--	--
Other principal transactions	1,592.00	4,646.00	2,126.00	654.00	11,671.00	4,651.00	6,052.00	5,823.00	5,256.00	3,200.00
Market making	17,993.00	18,390.00	18,238.00	18,634.00	15,352.00	15,546.00	10,157.00	9,451.00	7,660.00	9,933.00
Investment Management	11,749.00	10,596.00	9,532.00	9,005.00	8,059.00	6,923.00	6,189.00	6,514.00	5,803.00	5,407.00
Interest income	80,373.00	81,397.00	68,515.00	29,024.00	12,120.00	13,689.00	21,738.00	19,679.00	13,113.00	9,691.00
Interest expense	(66,814.00)	(73,341.00)	(62,164.00)	(21,346.00)	(5,650.00)	(8,938.00)	(17,376.00)	(15,912.00)	(10,181.00)	(7,104.00)
Cost of power generation	--	--	--	--	--	--	--	--	--	--
Total Revenues	58,283.00	53,512.00	46,254.00	47,365.00	59,339.00	44,560.00	36,546.00	36,616.00	32,073.00	30,608.00
Brokerage, clearing and exchange fees	--	--	--	--	--	--	3,252.00	3,200.00	2,540.00	2,555.00
Depreciation and amortization	2,182.00	2,392.00	4,856.00	2,455.00	2,015.00	1,902.00	1,704.00	1,328.00	1,152.00	998.00
Amortization of identifiable intangible assets	--	--	--	--	--	--	--	--	--	--
Amortization of employee initial public offering and acquisition awards	--	--	--	--	--	--	--	--	--	--
Communications and technology	2,170.00	1,991.00	1,919.00	1,808.00	1,573.00	1,347.00	1,167.00	1,023.00	897.00	809.00
Professional fees	1,770.00	1,652.00	1,623.00	1,887.00	1,648.00	1,306.00	1,316.00	1,214.00	965.00	882.00
Market development	710.00	646.00	629.00	812.00	553.00	401.00	739.00	740.00	588.00	457.00
Compensation and benefits	18,906.00	16,706.00	15,499.00	15,148.00	17,719.00	13,309.00	12,353.00	12,328.00	11,853.00	11,647.00
Occupancy	958.00	973.00	1,053.00	1,026.00	981.00	960.00	1,029.00	809.00	733.00	788.00
Other expenses	(2,851.00)	(2,683.00)	(3,210.00)	(2,716.00)	(2,739.00)	(5,617.00)	(3,338.00)	(2,819.00)	(2,213.00)	(2,168.00)
Cost of power generation	--	--	--	--	--	--	--	--	--	--
Provision for credit losses	1,113.00	(1,348.00)	(1,028.00)	(2,715.00)	(357.00)	(3,098.00)	(1,065.00)	(674.00)	--	--
U.K. bank payroll tax	--	--	--	--	--	--	--	--	--	--
Insurance reserves	--	--	--	--	--	--	--	--	--	--
Transaction based	(7,997.00)	(6,724.00)	(5,698.00)	(5,312.00)	(4,710.00)	(4,141.00)	--	--	--	--
Total Operating Expenses	37,544.00	33,767.00	34,487.00	31,164.00	31,938.00	28,983.00	24,898.00	23,461.00	20,941.00	20,304.00
Pre-tax earnings	21,852.00	18,397.00	10,739.00	13,486.00	27,044.00	12,479.00	10,583.00	12,481.00	11,132.00	10,304.00
Current taxes:U.S.federal	1,120.00	2,000.00	1,230.00	2,356.00	2,904.00	1,759.00	1,113.00	2,986.00	320.00	1,032.00
Current taxes:State and local	571.00	659.00	389.00	623.00	574.00	555.00	388.00	379.00	64.00	139.00
Current taxes:Non-U.S	2,781.00	2,262.00	1,964.00	1,658.00	1,926.00	1,539.00	950.00	1,302.00	1,004.00	1,184.00
Deferred taxes:U.S.federal	371.00	(869.00)	(954.00)	(2,079.00)	192.00	(798.00)	(383.00)	(2,711.00)	5,083.00	399.00
Deferred taxes:State and local	(83.00)	(140.00)	(356.00)	(436.00)	72.00	(42.00)	(20.00)	58.00	157.00	51.00
Deferred taxes:Non-U.S	(84.00)	209.00	(50.00)	103.00	(259.00)	7.00	69.00	8.00	218.00	101.00
Provision for taxes	4,676.00	4,121.00	2,223.00	2,225.00	5,409.00	3,020.00	2,117.00	2,022.00	6,846.00	2,906.00
Net earnings	17,176.00	14,276.00	8,516.00	11,261.00	21,635.00	9,459.00	8,466.00	10,459.00	4,286.00	7,398.00
Preferred stock dividend	876.00	751.00	609.00	497.00	484.00	544.00	569.00	599.00	601.00	311.00
Net earnings applicable to common shareholders	16,300.00	13,525.00	7,907.00	10,764.00	21,151.00	8,915.00	7,897.00	9,860.00	3,685.00	7,087.00
Earnings per common share - Basic	51.95	41.07	23.05	30.42	60.25	24.94	21.18	25.53	9.12	16.53
Earnings per common share - Diluted	51.32	40.54	22.87	30.06	59.45	24.74	21.03	25.27	9.01	16.29
Average common shares outstanding - Basic	312.70	328.10	340.80	352.10	350.50	356.40	371.60	385.40	401.60	427.40
Average common shares outstanding - Diluted	317.60	333.60	345.80	358.10	355.80	360.30	375.50	390.20	409.10	435.10