Free cash flow
Goldman Sachs Group Free cash flow decreased by 93.0% to -$32.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.0%, from -$37.73B to -$32.43B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $19.11B | -$40.14B | -$23.91B | $37.42B | $7.19B | $8.81B | $31.24B | -$26.04B | -$28.90B | -$28.54B | $5.58B | -$38.53B | -$37.73B | $5.20B | $2.12B | -$16.81B | -$32.43B |
| QoQ Change | — | -310.0% | +40.5% | +256.5% | -80.8% | +22.4% | +254.7% | -183.4% | -11.0% | +1.3% | +119.5% | -790.7% | +2.1% | +113.8% | -59.2% | -892.0% | -93.0% |
| YoY Change | — | — | — | +95.8% | +117.9% | +136.8% | -16.5% | -462.0% | — | -424.0% | -82.1% | -47.9% | -32.2% | -6.8% | +105.5% | — | +14.0% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's free cash flow?
- Goldman Sachs Group (GS) reported free cash flow of -$32.43B in Q1 2026.
- How has Goldman Sachs Group's free cash flow changed year-over-year?
- Goldman Sachs Group's free cash flow increased by 14.0% year-over-year, from -$37.73B to -$32.43B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.