GOLDMAN SACHS GROUP INC
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
GS$865.82-0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders’ Equity
| Year Ended December | |||
|---|---|---|---|
| $ in millions | 2025 | 2024 | 2023 |
| Preferred stock | |||
| Beginning balance | $13,253 | $11,203 | $10,703 |
| Issued | 1,900 | 4,250 | 1,500 |
| Redeemed | – | (2,200) | (1,000) |
| Ending balance | 15,153 | 13,253 | 11,203 |
| Common stock | |||
| Beginning balance | 9 | 9 | 9 |
| Issued | – | – | – |
| Ending balance | 9 | 9 | 9 |
| Share-based awards | |||
| Beginning balance | 5,148 | 5,121 | 5,696 |
| Issuance and amortization of share-based awards | 3,513 | 2,741 | 2,098 |
| Delivery of common stock underlying share-based awards | (2,730) | (2,483) | (2,504) |
| Forfeiture of share-based awards | (136) | (231) | (169) |
| Ending balance | 5,795 | 5,148 | 5,121 |
| Additional paid-in capital | |||
| Beginning balance | 61,376 | 60,247 | 59,050 |
| Delivery of common stock underlying share-based awards | 2,693 | 2,476 | 2,549 |
| Cancellation of share-based awards in satisfaction of withholding tax requirements | (2,156) | (1,331) | (1,345) |
| Preferred stock issuance costs | (5) | 10 | 5 |
| Other | (2) | (26) | (12) |
| Ending balance | 61,906 | 61,376 | 60,247 |
| Retained earnings | |||
| Beginning balance | 153,412 | 143,688 | 139,372 |
| Net earnings | 17,176 | 14,276 | 8,516 |
| Dividends and dividend equivalents declared on common stock and share-based awards | (4,424) | (3,801) | (3,591) |
| Dividends declared on preferred stock | (876) | (717) | (599) |
| Preferred stock redemption premium | – | (34) | (10) |
| Ending balance | 165,288 | 153,412 | 143,688 |
| Accumulated other comprehensive income/(loss) | |||
| Beginning balance | (2,702) | (2,918) | (3,010) |
| Other comprehensive income | 442 | 216 | 92 |
| Ending balance | (2,260) | (2,702) | (2,918) |
| Stock held in treasury, at cost | |||
| Beginning balance | (108,500) | (100,445) | (94,631) |
| Repurchased | (12,360) | (8,000) | (5,796) |
| Reissued | 39 | 33 | 29 |
| Other | (98) | (88) | (47) |
| Ending balance | (120,919) | (108,500) | (100,445) |
| Total shareholders’ equity | $124,972 | $121,996 | $116,905 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.