The Goldman Sachs Group, Inc. (GS) Return on equity 2016–2025
The Goldman Sachs Group, Inc. (GS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
13.7%FY2025 · since FY2016: 8.5% → 13.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 13.7% | +2.0 pp |
| FY2024 | 11.7% | +4.4 pp |
| FY2023 | 7.3% | -2.3 pp |
| FY2022 | 9.6% | -10.1 pp |
| FY2021 | 19.7% | +9.8 pp |
| FY2020 | 9.9% | +0.5 pp |
| FY2019 | 9.4% | -2.2 pp |
| FY2018 | 11.6% | +6.4 pp |
| FY2017 | 5.2% | -3.3 pp |
| FY2016 | 8.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice