D&A
OperatingGoldman Sachs Group D&A decreased by 0.8% to $527.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $498.00M to $527.00M. Over 4 years (FY 2021 to FY 2025), D&A shows relatively stable performance with a 2.0% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
Higher values often reflect significant historical capital expenditures or acquisitions that are now being expensed over time.
Detailed definition
A non-cash accounting expense that spreads the cost of tangible and intangible assets over their useful lives. This amou...
Peer comparison
Capital-intensive tech companies with large data center footprints typically show high D&A relative to revenue.
Metric ID:
cf_depreciation_and_amortizationHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $520.00M | $509.00M | $488.00M | $492.00M | $570.00M | $666.00M | $727.00M | $970.00M | $1.59B | $1.51B | $780.00M | $627.00M | $646.00M | $621.00M | $498.00M | $506.00M | $618.00M | $531.00M | $527.00M |
| QoQ Change | — | -2.1% | -4.1% | +0.8% | +15.9% | +16.8% | +9.2% | +33.4% | +64.3% | -5.1% | -48.4% | -19.6% | +3.0% | -3.9% | -19.8% | +1.6% | +22.1% | -14.1% | -0.8% |
| YoY Change | — | — | — | — | +9.6% | +30.8% | +49.0% | +97.2% | +179.6% | +127.0% | +7.3% | -35.4% | -59.5% | -58.9% | -36.2% | -19.3% | -4.3% | -14.5% | +5.8% |
Range$488.00M – $1.59B
CAGR+0.3%
Avg YoY Growth+18.6%
Median YoY Growth+5.8%
Current Streak2 quarters decline
Business Segments
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D&A at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's d&a?
- Goldman Sachs Group (GS) reported d&a of $527.00M in Q4 2025.
- How has Goldman Sachs Group's d&a changed year-over-year?
- Goldman Sachs Group's d&a increased by 5.8% year-over-year, from $498.00M to $527.00M.
- What is the long-term trend for Goldman Sachs Group's d&a?
- Over 4 years (2021 to 2025), Goldman Sachs Group's d&a has grown at a 2.0% compound annual growth rate (CAGR), from $2.02B to $2.18B.
- What does d&a mean?
- An accounting adjustment that adds back the cost of wear and tear on equipment and software.