The Goldman Sachs Group, Inc. (GSCE) Return on equity 2016–2025
The Goldman Sachs Group, Inc. (GSCE) 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
More GSCE financial trends
GSCE RevenueGSCE Net incomeGSCE Net marginGSCE Gross profitGSCE Gross marginGSCE Operating incomeGSCE Operating marginGSCE Operating cash flowGSCE Free cash flowGSCE Capital expendituresGSCE Stock buybacksGSCE Dividends paidGSCE Total assetsGSCE Total liabilitiesGSCE Shareholders’ equityGSCE overview →