What is Goldman Sachs Group's capex?

Goldman Sachs Group (GS) reported capex of $565M 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 $499M to $565M.

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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Goldman Sachs Group GS CapEx

CapEx at other companies

Jefferies Financial GroupJEF

$64.86M+30.8%

Stifel FinancialSF

$47.85M+189%

Oppenheimer HoldingsOPY

$0-100%

CitigroupC

$1.42B-6.7%

StoneX Group Inc.SNEX

$21.3M+39.2%

Piper SandlerPIPR

$2.16M-80.7%

Other financials

Income statement

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Revenue$17.2B+14.4%

Net income$5.6B+18.8%

EPS (diluted)$17.55+24.3%

Balance sheet

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Cash & equivalents$179.53B+7.2%

Total debt$2.1B-99.4%

Total equity$122.78B-1.2%

Total assets$2.06T+16.6%

Cash flow

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Operating cash flow-$31.9B+14.4%

Free cash flow-$32.4B+14.0%

Valuation

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Market cap$314.21B+59.8%

Enterprise value$136.78B-62.5%

P/E17.4×+4.2×

P/S5.2×+1.6×

Profitability

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Net margin29.9%+2.5pp

FCF margin-108.3%—

Returns & leverage

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Return on equity14.6%+2.4pp

Debt / equity0×-2.7×

Where this comes from

Reported directly by Goldman Sachs Group in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Goldman Sachs Group’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Goldman Sachs Group's capex?: Goldman Sachs Group (GS) reported capex of $565M 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 $499M to $565M.
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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.