The Goldman Sachs Group, Inc. (GS) Stock

The Goldman Sachs Group, Inc. (GS) is a Financials stock trading at $1002.50 (as of 2026-08-20), with a market capitalization of $291.90B and a trailing P/E of 13.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The Goldman Sachs Group, Inc. provides financial services to corporate, financial institution, government, and individual clients worldwide. It operates through segments including Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management, with Investment Banking offering advisory, underwriting, lending, and transaction banking services.

Understand The Goldman Sachs Group, Inc.: how it makes money

Goldman Sachs provides investment banking, trading (Global Markets), and asset and wealth management services, and makes money through revenue generated by its Global Banking and Markets and Asset and Wealth Management segments.

Goldman Sachs' profit model is driven by a two-part revenue engine, Global Banking and Markets net revenues plus Asset and Wealth Management net revenues.

Revenue by segment (latest quarter)
GBM$12.7B
AWM$4.4B

Business quality (Strong): The available segment detail supports a clear view of how results are split between Global Banking and Markets and Asset and Wealth Management, but it does not fully isolate the fourth segment (Consumer and Wealth Management) in the provided data.

Valuation: At 19× earnings, GS trades 42% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Revenue diversification across two major engines, Global Banking and Markets and Asset and Wealth Management: The provided segment net revenues (GBM 12.74B and AWM 4.4B) together track closely to total revenue (17.2B).
  • Operating profitability is strong in the latest period provided: Operating margin is 37.7% for the period ending 2026-03-31.

Bear case

  • Results likely remain sensitive to market activity and client capital markets activity: The Global Banking and Markets segment includes trading and related services, so revenues can be affected by how active those markets are.
  • Limited segment granularity for the fourth segment in the provided facts: Only GBM and AWM segment net revenue amounts are provided here, so the contribution of Consumer and Wealth Management is not independently visible.
Valuation — source: SEC EDGAR (first-party)
Price$1002.50
Market Cap$291.90B
P/E Ratio13.9
EV / EBITDA3.7
Price / Book2.38
Price / Sales4.41
FCF Yield-14.2%
DCF Value (model)$881.22
DCF Upside vs Price-12.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$58.28B
Net Margin29.5%
Revenue Growth (YoY)39.5%
FCF Growth (YoY)7.8%
Valuation vs Sector & Industry
Stock P/E13.9
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector-8.1%
vs Industry-59.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)87
Top Institutional HolderVANGUARD GROUP INC ($25.50B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryTrading
CEODavid Solomon
Employees46,600
CountryUS
IPO Date1999-05-04

Related Companies (Business model: Investment Bank / Capital Markets + Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

  • Morgan Stanley (MS)
  • The Charles Schwab Corporation (SCHW)
  • BlackRock, Inc. (BLK)
  • Blackstone Inc. (BX)
  • KKR & Co. Inc. (KKR)
  • Raymond James Financial, Inc. (RJF)
  • Stifel Financial Corp. (SF)
  • SEI Investments Company (SEIC)
GS earnings history · GS institutional & insider holders · GS KPIs & operating metrics · GS financials · GS investor presentations & press releases · GS SEC filings · GS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.