Goldman Sachs said net earnings for 2024 were $14.28 billion, up from $8.52 billion in 2023, and diluted earnings per common share (EPS) were $40.54, compared with $22.87 in 2023. Return on average common shareholders' equity (ROE) was 12.7% for 2023, compared with 7.5%.

10-KAnnual reportFiled Feb 27, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Goldman Sachs said net earnings for 2024 were $14.28 billion, up from $8.52 billion in 2023, and diluted earnings per common share (EPS) were $40.54, compared with $22.87 in 2023. Return on average common shareholders' equity (ROE) was 12.7% for 2023, compared with 7.5%.
The company said net revenues for 2024 were $53.51 billion, 16% higher than 2023, citing increases in net revenues in Global Banking & Markets and Asset & Wealth Management as primary factors.
Goldman Sachs said operating expenses for 2024 were $33.77 billion, 2% lower than 2023, and the efficiency ratio was 63.1% for 2023, compared with 74.6%. It explained that expenses declined significantly, including $1.46 billion in impairments related to commercial real estate recognized in the prior year.
During 2024, the company returned a total of $11.80 billion of capital to common shareholders, including $8.00 billion of common share repurchases and $3.80 billion of common stock dividends. As of December 2024, the company's CET1 capital ratio was 15.0% under the Standardized Capital Rules and 15.3% under the Advanced Capital Rules.

Key figures

Fiscal year ended December 31, 2024

Revenue: $53.5B
Net income: $14.3B
EPS: $40.54
Operating cash flow: −$13.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2024 Net Earnings and Diluted EPS

Goldman Sachs said net earnings for 2024 were $14.28 billion, up from $8.52 billion in 2023, and diluted earnings per common share (EPS) were $40.54, compared with $22.87 in 2023. Return on average common shareholders' equity (ROE) was 12.7% for 2023, compared with 7.5%.

Source · Based on the MD&A text of the filing

Net Revenues $53.51 billion

The company said net revenues for 2024 were $53.51 billion, 16% higher than 2023, citing increases in net revenues in Global Banking & Markets and Asset & Wealth Management as primary factors.

Source · Based on the MD&A text of the filing

Operating Expenses $33.77 billion and Efficiency Ratio 63.1%

Goldman Sachs said operating expenses for 2024 were $33.77 billion, 2% lower than 2023, and the efficiency ratio was 63.1% for 2023, compared with 74.6%. It explained that expenses declined significantly, including $1.46 billion in impairments related to commercial real estate recognized in the prior year.

Source · Based on the MD&A text of the filing

2024 Capital Returned to Shareholders $11.80 billion and CET1 Ratio

During 2024, the company returned a total of $11.80 billion of capital to common shareholders, including $8.00 billion of common share repurchases and $3.80 billion of common stock dividends. As of December 2024, the company's CET1 capital ratio was 15.0% under the Standardized Capital Rules and 15.3% under the Advanced Capital Rules.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.