Discontinued — last reported Q3 '23
Non-Current Assets
Goodwill
Goldman Sachs Group Goodwill decreased by 0.5% to $5.91B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 6.0%, from $6.29B to $5.91B. Over 2 years (FY 2020 to FY 2022), Goodwill shows an upward trend with a 21.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2023Nov 3, 2023
How to read this metric
A significant increase indicates recent M&A activity, while a sudden decrease typically signals an impairment charge due to underperforming acquisitions.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Standard metric for companies that grow through acquisition; comparable across all industries.
Metric ID:
goodwillHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $4.33B | $4.33B | $4.29B | $6.29B | $6.37B | $6.44B | $5.94B | $5.91B |
| QoQ Change | — | -0.1% | -0.9% | +46.7% | +1.4% | +1.0% | -7.7% | -0.5% |
| YoY Change | — | — | — | +45.4% | +48.8% | — | — | -6.0% |
Range$4.29B – $6.44B
CAGR+19.5%
Avg YoY Growth+29.4%
Median YoY Growth+45.4%
Current Streak2 quarters decline
Business Segments
| Segment | Q2 '21 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|
| Equities | $2.64B | $2.65B | $2.65B | $2.65B | $2.65B | $2.65B |
| Asset management | $390.00M | $1.36B | $1.46B | $1.46B | $1.46B | $2.10B |
| Wealth Management | $700.00M | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B |
| Global Markets Fixed Income Currency and Commodities | $269.00M | $269.00M | $269.00M | $269.00M | $269.00M | $269.00M |
| Investment banking | $281.00M | $267.00M | $267.00M | $267.00M | $267.00M | $267.00M |
| Total | $4.33B | — | — | — | — | — |
Goodwill at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's goodwill?
- Goldman Sachs Group (GS) reported goodwill of $5.91B in Q3 2023.
- How has Goldman Sachs Group's goodwill changed year-over-year?
- Goldman Sachs Group's goodwill decreased by 6.0% year-over-year, from $6.29B to $5.91B.
- What is the long-term trend for Goldman Sachs Group's goodwill?
- Over 2 years (2020 to 2022), Goldman Sachs Group's goodwill has grown at a 21.3% compound annual growth rate (CAGR), from $4.33B to $6.37B.
- What does goodwill mean?
- The excess price paid for an acquisition over the fair value of its net assets.