Investing
CapEx
Goldman Sachs Group CapEx increased by 6.4% to $565.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.2%, from $499.00M to $565.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -18.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.35B | $883.00M | $1.12B | $953.00M | $1.05B | $990.00M | $754.00M | $597.00M | $666.00M | $507.00M | $546.00M | $497.00M | $542.00M | $466.00M | $586.00M | $499.00M | $476.00M | $558.00M | $531.00M | $565.00M |
| QoQ Change | — | -34.7% | +26.7% | -14.8% | +10.3% | -5.8% | -23.8% | -20.8% | +11.6% | -23.9% | +7.7% | -9.0% | +9.1% | -14.0% | +25.8% | -14.8% | -4.6% | +17.2% | -4.8% | +6.4% |
| YoY Change | — | — | — | — | -22.3% | +12.1% | -32.6% | -37.4% | -36.6% | -48.8% | -27.6% | -16.8% | -18.6% | -8.1% | +7.3% | +0.4% | -12.2% | +19.7% | -9.4% | +13.2% |
Range$466.00M – $1.35B
CAGR-16.8%
Avg YoY Growth-13.6%
Median YoY Growth-14.5%
CapEx at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's capex?
- Goldman Sachs Group (GS) reported capex of $565.00M in Q1 2026.
- How has Goldman Sachs Group's capex changed year-over-year?
- Goldman Sachs Group's capex increased by 13.2% year-over-year, from $499.00M to $565.00M.
- What is the long-term trend for Goldman Sachs Group's capex?
- Over 4 years (2021 to 2025), Goldman Sachs Group's capex has grown at a -18.5% compound annual growth rate (CAGR), from $4.67B to $2.06B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.