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GOLDMAN SACHS S&P ENHNCD (GSCE) Financials

GSCE
Trailing 12 months to June 30, 2026
Revenue $66.2B +17.8% YoY
Net Income $21.0B +34.8% YoY
EPS (Diluted) $64.77 +42.9% YoY
Free Cash Flow -$41.5B -66.9% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GSCE SEC filings page.

GOLDMAN SACHS S&P ENHNCD (GSCE) reported $66.2B in revenue over the twelve months to Jun 30, 2026, up 17.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GSCE FY2025

A leveraged balance sheet supports modest asset returns, while recurring operating cash shortfalls make financing central to the model.

In FY2025, net income of $17.2B coexisted with operating cash flow of -$45.2B, showing that reported earnings were not converting into operating cash. Free cash flow was -$47.2B while financing cash flow reached $66.1B, indicating that external balance-sheet funding bridged the cash gap rather than internally generated cash.

The balance sheet expanded to $1.8T of assets against $1.7T of liabilities in FY2025, leaving only $125.0B of equity as the residual cushion. Debt-to-equity rose from 12.7x in FY2024 to 13.5x, so small changes in asset performance can have a larger effect on equity outcomes.

Return on assets of 1.0% alongside return on equity of 13.7% shows how leverage amplifies returns on the relatively thin equity base. The share count fell 4.9% in FY2025 while buybacks reached $12.4B, adding another use of capital during a year of negative free cash flow.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

GOLDMAN SACHS S&P ENHNCD does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/6

GOLDMAN SACHS S&P ENHNCD passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, GOLDMAN SACHS S&P ENHNCD used $2.63 of operating cash (-$45.2B OCF vs $17.2B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue
$20.3B
YoY+39.5%
QoQ+18.1%
5Y CAGR+5.7%
10Y CAGR+9.9%

GOLDMAN SACHS S&P ENHNCD generated $20.3B in revenue in Q2 2026. This represents an increase of 39.5% from the same quarter a year earlier. Against the prior quarter it is up 18.1%.

Net Income
$6.6B
YoY+78.0%
QoQ+17.7%
5Y CAGR+3.9%
10Y CAGR+13.8%

GOLDMAN SACHS S&P ENHNCD reported $6.6B in net income in Q2 2026. This represents an increase of 78.0% from the same quarter a year earlier. Against the prior quarter it is up 17.7%.

EPS (Diluted)
$20.98
YoY+92.3%
QoQ+19.5%
5Y CAGR+6.9%
10Y CAGR+18.9%

GOLDMAN SACHS S&P ENHNCD earned $20.98 per diluted share (EPS) in Q2 2026. This represents an increase of 92.3% from the same quarter a year earlier. Against the prior quarter it is up 19.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow
$5.6B
YoY+7.8%
QoQ+117.3%
5Y CAGR-21.8%
10Y CAGR-6.4%

GOLDMAN SACHS S&P ENHNCD generated $5.6B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 7.8% from the same quarter a year earlier. Against the prior quarter it is up 117.3%.

Cash & Debt
$187.3B
YoY+22.4%
QoQ+4.3%
5Y CAGR-4.9%
10Y CAGR+4.3%

GOLDMAN SACHS S&P ENHNCD held $187.3B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share
$4.50
YoY+50.0%
QoQ0.0%
5Y CAGR+29.2%
10Y CAGR+21.3%

GOLDMAN SACHS S&P ENHNCD paid $4.50 per share in dividends in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
291M
YoY-3.8%
QoQ-1.3%
5Y CAGR-2.9%
10Y CAGR-3.3%

GOLDMAN SACHS S&P ENHNCD had 291M shares outstanding in Q2 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.

Margins & Returns

Net Margin
32.6%
YoY+7.1pp
QoQ-0.1pp
5Y change-3.1pp
10Y change+9.6pp

GOLDMAN SACHS S&P ENHNCD's net profit margin was 32.6% in Q2 2026, showing the share of revenue converted to profit. This is up 7.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Return on Equity
5.4%
YoY+2.4pp
QoQ+0.8pp
5Y change0.0pp
10Y change+3.3pp

GOLDMAN SACHS S&P ENHNCD's ROE was 5.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$4.0B
YoY+33.3%
QoQ-20.0%
5Y CAGR+32.0%
10Y CAGR+8.7%

GOLDMAN SACHS S&P ENHNCD spent $4.0B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is down 20.0%.

Capital Expenditures
$502.0M
YoY+5.5%
QoQ-11.2%
5Y CAGR-18.0%
10Y CAGR-2.8%

GOLDMAN SACHS S&P ENHNCD invested $502.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 5.5% from the same quarter a year earlier. Against the prior quarter it is down 11.2%.

R&D Spending

Not reported for Q2 2026.

GSCE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GSCE quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$20.3B+39.5%$17.2B+14.4%$13.5B-3.0%$15.2B+19.6%$14.6B+14.5%$15.1B+6.0%$13.9B+22.5%$12.7B+7.5%
SG&A Expenses$6.1B+30.3%$5.4B+11.0%$4.7B+24.1%$4.7B+13.5%$4.7B+10.5%$4.9B+6.3%$3.8B+4.4%$4.1B-1.6%
Interest Expense$18.1B+8.4%$17.1B+3.6%$16.7B-5.3%$17.0B-11.2%$16.7B-9.6%$16.5B-9.3%$17.6B+2.7%$19.1B+14.3%
Income Tax$1.9B+56.7%$856.0M-5.8%$1.2B+8.0%$1.3B+29.8%$1.2B+41.5%$909.0M-17.7%$1.1B+365.9%$997.0M+42.8%
Net Income$6.6B+78.0%$5.6B+18.8%$4.6B+12.3%$4.1B+37.1%$3.7B+22.3%$4.7B+14.7%$4.1B+104.7%$3.0B+45.3%
EPS (Basic)N/A$17.74+24.5%$14.20+17.5%$12.42+45.8%$11.03+26.3%$14.25+22.1%$12.09+118.6%$8.52+54.3%
EPS (Diluted)$20.98+92.3%$17.55+24.3%$13.99+17.6%$12.25+45.8%$10.91+26.6%$14.12+21.9%$11.90+117.2%$8.40+53.6%
Diluted Shares (Avg)305M-4.2%308M-5.1%N/A315M-4.8%318M-5.1%325M-4.4%N/A331M-3.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

GSCE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GSCE quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$2.1T+19.2%$2.1T+16.6%$1.8T+8.0%$1.8T+4.6%$1.8T+8.0%$1.8T+4.0%$1.7T+2.1%$1.7T+9.6%
Cash & Equivalents$187.3B+22.4%$179.5B+7.2%$164.3B-9.8%$169.6B+9.6%$153.0B-25.9%$167.4B-20.0%$182.1B-24.6%$154.7B-35.5%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$7.3B+23.4%$6.6B+12.0%$5.9B+1.6%$6.0B+0.7%$6.0B+1.0%$5.9B-0.2%$5.9B-1.1%$5.9B-0.1%
Total Liabilities$2.0T+20.7%$1.9T+18.0%$1.7T+8.4%$1.7T+4.8%$1.7T+8.3%$1.6T+3.9%$1.6T+1.9%$1.6T+10.1%
Total Equity$122.7B-1.1%$122.8B-1.2%$125.0B+2.4%$124.4B+2.6%$124.1B+3.9%$124.3B+4.9%$122.0B+4.4%$121.2B+3.3%
Retained Earnings$174.4B+9.3%$169.3B+7.8%$165.3B+7.7%$162.1B+7.8%$159.5B+7.3%$157.0B+7.0%$153.4B+6.8%$150.5B+5.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

GSCE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GSCE quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$6.1B+7.6%-$31.9B+14.4%-$16.3B-134.8%$2.7B+107.0%$5.7B-7.3%-$37.2B-32.8%$46.8B+264.9%-$38.1B-49.1%
Depreciation & Amortization$509.0M-17.6%$495.0M-2.2%$527.0M+5.8%$531.0M-14.5%$618.0M-4.3%$506.0M-19.3%$498.0M-36.2%$621.0M-58.9%
Stock-Based CompensationN/A$2.5B+4.7%N/AN/AN/A$2.4B+31.1%N/AN/A
Capital Expenditures$502.0M+5.5%$565.0M+13.2%$531.0M-9.4%$558.0M+19.7%$476.0M-12.2%$499.0M+0.4%$586.0M+7.3%$466.0M-8.1%
Free Cash Flow$5.6B+7.8%-$32.4B+14.0%-$16.8B-136.4%$2.1B+105.5%$5.2B-6.8%-$37.7B-32.2%$46.2B+259.8%-$38.5B-47.9%
Investing Cash Flow-$28.6B-152.1%-$56.3B-147.5%-$5.0B+29.3%-$5.1B+82.5%-$11.3B-116.2%-$22.7B-185.1%-$7.1B-112.9%-$29.3B-264.6%
Financing Cash Flow$30.9B+333.1%$104.3B+143.5%$16.8B+314.3%$19.8B+91.3%-$13.3B-459.3%$42.8B+497.2%-$7.8B-127.9%$10.3B+60.5%
Dividends Paid$1.6B+31.1%$1.6B+42.4%$1.5B+26.9%$1.5B+26.3%$1.2B+16.3%$1.1B-0.7%$1.2B+8.3%$1.2B+6.4%
Share Buybacks$4.0B+33.3%$5.0B+14.7%$3.0B+50.0%$2.0B+100.0%$3.0B-14.3%$4.4B+190.7%$2.0B+100.0%$1.0B-33.3%

GSCE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GSCE quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin32.6%+7.1pp32.7%+1.2pp34.3%+4.7pp27.0%+3.4pp25.5%+1.6pp31.5%+2.4pp29.6%+11.9pp23.5%+6.1pp
Return on Equity5.4%+2.4pp4.6%+0.8pp3.7%+0.3pp3.3%+0.8pp3.0%+0.5pp3.8%+0.3pp3.4%+1.7pp2.5%+0.7pp
Return on Assets0.3%+0.1pp0.3%0.0pp0.3%0.0pp0.2%+0.1pp0.2%0.0pp0.3%0.0pp0.3%+0.1pp0.2%0.0pp
Debt-to-Equity16.33+3.0x15.78+2.6x13.48+0.7x13.53+0.3x13.38+0.5x13.21-0.1x12.74-0.3x13.26+0.8x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x
FCF Margin27.6%-8.1pp-188.3%-124.9%14.0%35.6%-8.2pp-250.5%333.0%-303.4%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Frequently Asked Questions

What is GOLDMAN SACHS S&P ENHNCD's annual revenue?

GOLDMAN SACHS S&P ENHNCD (GSCE) reported $58.3B in total revenue for fiscal year 2025. This represents a 8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GOLDMAN SACHS S&P ENHNCD's revenue growing?

GOLDMAN SACHS S&P ENHNCD (GSCE) revenue grew by 8.9% year-over-year, from $53.5B to $58.3B in fiscal year 2025.

Is GOLDMAN SACHS S&P ENHNCD profitable?

Yes, GOLDMAN SACHS S&P ENHNCD (GSCE) reported a net income of $17.2B in fiscal year 2025, with a net profit margin of 29.5%.

GOLDMAN SACHS S&P ENHNCD (GSCE) reported diluted earnings per share of $51.32 for fiscal year 2025. This represents a 26.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

GOLDMAN SACHS S&P ENHNCD (GSCE) had a net profit margin of 29.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, GOLDMAN SACHS S&P ENHNCD (GSCE) paid $14.00 per share in dividends during fiscal year 2025.

GOLDMAN SACHS S&P ENHNCD (GSCE) has a return on equity of 13.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

GOLDMAN SACHS S&P ENHNCD (GSCE) recorded an outflow of $47.2B in free cash flow during fiscal year 2025. This represents a -208.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

GOLDMAN SACHS S&P ENHNCD (GSCE) recorded an outflow of $45.2B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

GOLDMAN SACHS S&P ENHNCD (GSCE) had $1.8T in total assets as of fiscal year 2025, including both current and long-term assets.

GOLDMAN SACHS S&P ENHNCD (GSCE) invested $2.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, GOLDMAN SACHS S&P ENHNCD (GSCE) spent $12.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

GOLDMAN SACHS S&P ENHNCD (GSCE) had 297M shares outstanding as of fiscal year 2025.

GOLDMAN SACHS S&P ENHNCD (GSCE) had a debt-to-equity ratio of 13.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

GOLDMAN SACHS S&P ENHNCD (GSCE) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

GOLDMAN SACHS S&P ENHNCD (GSCE) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

For every $1 of reported earnings, GOLDMAN SACHS S&P ENHNCD (GSCE) used $2.63 of operating cash (-$45.2B OCF vs $17.2B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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