Discontinued — last reported Q2 '23
Goldman Sachs Group Unearned Stock-Based Compensation increased by 4.3% to $5.80B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.6%, from $5.15B to $5.80B. Over 5 years (FY 2020 to FY 2025), Unearned Stock-Based Compensation shows an upward trend with a 10.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase indicates higher future compensation expenses, which may impact future profitability.
The portion of equity-based awards granted to employees that has not yet been recognized as an expense on the income sta...
Common in human-capital-intensive industries like investment banking where stock-based pay is a significant retention tool.
unearned_stock_based_compensation| 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 | $3.76B | $3.90B | $4.21B | $4.97B | $5.25B | $5.48B | $5.70B | $4.82B | $4.93B | $5.12B | $5.12B | $4.56B | $5.06B | $5.09B | $5.15B | $5.20B | $5.37B | $5.56B | $5.80B |
| QoQ Change | — | +3.6% | +8.1% | +17.9% | +5.6% | +4.5% | +4.0% | -15.3% | +2.2% | +3.8% | +0.1% | -10.9% | +10.8% | +0.6% | +1.1% | +1.0% | +3.2% | +3.5% | +4.3% |
| YoY Change | — | — | — | — | +39.5% | +40.6% | +35.3% | -2.9% | -6.0% | -6.6% | -10.1% | -5.4% | +2.6% | -0.5% | +0.5% | +13.9% | +6.1% | +9.1% | +12.6% |
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