What is Goldman Sachs Group's D&A?

Goldman Sachs Group (GS) reported D&A of $495M in Q1 2026.

How has Goldman Sachs Group's D&A changed year-over-year?

Goldman Sachs Group's D&A decreased by 2.2% year-over-year, from $506M to $495M.

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.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Goldman Sachs Group GS D&A

D&A at other companies

JPMorgan ChaseJPM

$2.36B+16.5%

Bank of AmericaBAC

$605M+7.1%

Wells Fargo & CompanyWFC

$1.84B-1.2%

Stifel FinancialSF

$15.31M+2.0%

Oppenheimer HoldingsOPY

$2.48M-10.8%

CitigroupC

$1.12B+6.2%

Other financials

Income statement

See full

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%

CapEx$565.0M+13.2%

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:DepreciationAndAmortization.

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 D&A?: Goldman Sachs Group (GS) reported D&A of $495M in Q1 2026.
How has Goldman Sachs Group's D&A changed year-over-year?: Goldman Sachs Group's D&A decreased by 2.2% year-over-year, from $506M to $495M.
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?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.