Securities borrowed
Current AssetsGoldman Sachs Group Securities borrowed decreased by 4.4% to $208.21B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.0%, from $194.65B to $208.21B. Over 5 years (FY 2020 to FY 2025), Securities borrowed shows an upward trend with a 7.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityVolatile
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
An increase often correlates with higher trading volume and market-making activity, whereas a decrease may signal reduced market participation or tighter risk appetite.
Detailed definition
This represents securities obtained from counterparties, typically to cover short positions or to facilitate client trad...
Peer comparison
Common in large investment banks with significant prime brokerage and trading desks.
Metric ID:
fin_securities_borrowedHistorical 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 | $7.47B | $9.88B | $178.77B | $191.36B | $208.67B | $1.58B | $189.04B | $653.00M | $1.03B | $700.00M | $199.42B | $214.91B | $204.62B | $204.78B | $194.65B | $211.89B | $213.28B | $217.71B | $208.21B |
| QoQ Change | — | +32.3% | >999% | +7.0% | +9.0% | -99.2% | >999% | -99.7% | +57.6% | -32.0% | >999% | +7.8% | -4.8% | +0.1% | -5.0% | +8.9% | +0.7% | +2.1% | -4.4% |
| YoY Change | — | — | — | — | >999% | -84.0% | +5.7% | -99.7% | -99.5% | -55.7% | +5.5% | >999% | >999% | >999% | -2.4% | -1.4% | +4.2% | +6.3% | +7.0% |
Range$653.00M – $217.71B
CAGR+109.5%
Avg YoY Growth>999%
Median YoY Growth+5.5%
Securities borrowed at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's securities borrowed?
- Goldman Sachs Group (GS) reported securities borrowed of $208.21B in Q4 2025.
- How has Goldman Sachs Group's securities borrowed changed year-over-year?
- Goldman Sachs Group's securities borrowed increased by 7.0% year-over-year, from $194.65B to $208.21B.
- What is the long-term trend for Goldman Sachs Group's securities borrowed?
- Over 5 years (2020 to 2025), Goldman Sachs Group's securities borrowed has grown at a 7.9% compound annual growth rate (CAGR), from $142.16B to $208.21B.
- What does securities borrowed mean?
- Securities temporarily obtained from other parties, usually backed by collateral.