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The Goldman Sachs Group Inc   (GS)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 

GS's Net Income Growth by Quarter and Year

The Goldman Sachs Group Inc 's Net Income results by quarter and year




GS Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 1,326.00 5,946.00 3,367.00
III Quarter September - 3,069.00 5,486.00 373.00
II Quarter June 1,216.00 2,927.00 6,836.00 1,213.00
I Quarter March 3,234.00 3,939.00 4,506.00 1,917.00
FY   4,450.00 11,261.00 22,774.00 6,870.00



GS Net Income second quarter 2023 Y/Y Growth Comment
The Goldman Sachs Group Inc reported drop in Net Income in the second quarter 2023 by -58.46% to $ 1,216.00 millions, from the same quarter in 2022.
The fall in the second quarter 2023 The Goldman Sachs Group Inc 's Net Income compares unfavorably to the Company's average Net Income jump of 46.47%.

Looking into second quarter 2023 results within Investment Services industry 34 other companies have achieved higher Net Income growth. While The Goldman Sachs Group Inc ' s Net Income meltdown of -58.46% ranks overall at the positon no. 1750 in the second quarter 2023.




GS Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -77.7 % 76.6 % 79.38 %
III Quarter September - -44.06 % 1370.78 % -84.59 %
II Quarter June -58.46 % -57.18 % 463.56 % -46.11 %
I Quarter March -17.9 % -12.58 % 135.05 % -24.47 %
FY   - -50.55 % 231.5 % -24.4 %

Financial Statements
The Goldman Sachs Group Inc 's second quarter 2023 Net Income $ 1,216.00 millions GS's Income Statement
The Goldman Sachs Group Inc 's second quarter 2022 Net Income $ 2,927.00 millions Quarterly GS's Income Statement
New: More GS's historic Net Income Growth >>


GS Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -56.79 % 8.38 % 802.68 %
III Quarter September - 4.85 % -19.75 % -69.25 %
II Quarter June -62.4 % -25.69 % 51.71 % -36.72 %
I Quarter March 143.89 % -33.75 % 33.83 % 2.13 %
FY (Year on Year)   - -50.55 % 231.5 % -24.4 %




Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #35
Financial Sector #593
Overall #1750

Net Income Y/Y Growth Statistics
High Average Low
1370.78 % 46.47 % -84.59 %
(Jun 30 2021)   (Jun 30 2020)
Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #35
Financial Sector #593
Overall #1750
Net Income Y/Y Growth Statistics
High Average Low
1370.78 % 46.47 % -84.59 %
(Jun 30 2021)   (Jun 30 2020)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

The Goldman Sachs Group Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
802.68 % 22.19 % -86.26 %
(Sep 30 2020)  


GS's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2023 The Goldman Sachs Group Inc realized fall in Net Income sequentially by -62.4% to $ 1,216.00 millions, from $ 3,234.00 millions achived in the previous reporting period.

As we analyse present downturn in the II. Quarter 2023, we must take into consideration, that commonly II. Quarter performance emerge weaker then in the first quarter

Within Investment Services industry 24 other companies have achieved higher Net Income quarter on quarter growth. While The Goldman Sachs Group Inc 's Net Income growth quarter on quarter, overall rank is 888.


Net Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #25
Financial Sector #226
Overall #888
Net Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #25
Financial Sector #226
Overall #888
Net Income Q/Q Growth Statistics
High Average Low
802.68 % 22.19 % -86.26 %
(Sep 30 2020)  


GS's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2023 The Goldman Sachs Group Inc reported fall in Net Income sequentially by -62.4% to $ 1,216.00 millions, from $ 3,234.00 millions released in the previous reporting period.

This is not huge issue, as The Goldman Sachs Group Inc 's Net Income always seem to slow in the II. Quarter.

Within Investment Services industry 24 other companies have achieved higher Net Income quarter on quarter growth. While The Goldman Sachs Group Inc 's Net Income growth quarter on quarter, overall rank is 888.


The Goldman Sachs Group Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Net Income 12 Months Ending $ 8,845.00 $ 10,556.00 $ 11,261.00 $ 15,881.00 $ 18,298.00
Y / Y Net Income Growth (TTM) -51.66 % -52.47 % -50.55 % -21.36 % 21.32 %
Year on Year Net Income Growth Overall Ranking # 338 # 98 # 103 # 865 # 506
Seqeuential Net Income Change (TTM) -16.21 % -6.26 % -29.09 % -13.21 % -17.6 %
Seq. Net Income Growth (TTM) Overall Ranking # 698 # 1093 # 753 # 1055 # 2242




Cumulative Net Income growth Comment
The Goldman Sachs Group Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Mar 31 2023. If the fiscal year would end in Jun 30 2023, The Goldman Sachs Group Inc 's annual Net Income fall would be -51.66% year on year to $8,845 millions.

In the Financial sector 75 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 98 to 338.

Net Income TTM Q/Q Growth Statistics
High Average Low
459.88 %
31.99 %
-79.98 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 9
Financial Sector # 76
Overall # 338

Net Income TTM Y/Y Growth Statistics
High Average Low
459.88 %
31.99 %
-79.98 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 159
S&P 500 # 698
Cumulative Net Income growth Comment
The Goldman Sachs Group Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Mar 31 2023. If the fiscal year would end in Jun 30 2023, The Goldman Sachs Group Inc 's annual Net Income drop would be -51.66% year on year to $8,845 millions.

In the Financial sector 75 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 98 to 338.

Net Income TTM Q/Q Growth Statistics
High Average Low
459.88 %
31.99 %
-79.98 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 9
Financial Sector # 76
Overall # 338

Net Income TTM Y/Y Growth Statistics
High Average Low
459.88 %
31.99 %
-79.98 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 159
S&P 500 # 698




Other Net Income Growth
Investment Services Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GS's Net Income Growth Ratio versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GS's Competitors
Net Income Growth for The Goldman Sachs Group Inc 's Suppliers
Net Income Growth for GS's Customers

You may also want to know
GS's Annual Growth Rates GS's Profitability Ratios GS's Asset Turnover Ratio GS's Dividend Growth
GS's Roe GS's Valuation Ratios GS's Financial Strength Ratios GS's Dividend Payout Ratio
GS's Roa GS's Inventory Turnover Ratio GS's Growth Rates GS's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Jun 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Jun 30 2023
Apple Hospitality Reit Inc -0.09%$ -0.086 millions
Virginia National Bankshares Corp-0.60%$ -0.598 millions
United Bancorp inc-0.74%$ -0.740 millions
Regions Financial Corporation-1.08%$ -1.079 millions
Northwest Bancshares inc -1.14%$ -1.143 millions
Midland States Bancorp Inc -1.41%$ -1.407 millions
Penns Woods Bancorp inc-1.42%$ -1.418 millions
American Equity Investment Life Holding Co-1.51%$ -1.506 millions
First Busey Corporation-1.54%$ -1.542 millions
Red River Bancshares Inc -1.96%$ -1.957 millions
Southside Bancshares Inc -2.02%$ -2.015 millions
Alerus Financial Corporation-2.03%$ -2.034 millions
Simon Property Group inc -2.10%$ -2.103 millions
Federal Realty Investment Trust-2.27%$ -2.269 millions
Synovus Financial Corp-2.31%$ -2.307 millions
Washington Federal Inc-2.40%$ -2.401 millions
Lamar Advertising Co-2.41%$ -2.405 millions
Hancock Whitney Corporation-3.00%$ -2.998 millions
Consumers Bancorp Inc-3.09%$ -3.094 millions
United Bankshares Inc-3.30%$ -3.299 millions
National Western Life Group Inc -3.68%$ -3.676 millions
The Cigna Group-3.94%$ -3.944 millions
Central Valley Community Bancorp-3.97%$ -3.974 millions
Equinix Inc -4.27%$ -4.268 millions
Community Trust Bancorp Inc-4.28%$ -4.277 millions
Seacoast Banking Corporation Of Florida-4.60%$ -4.598 millions
Heartland Financial Usa Inc -4.74%$ -4.737 millions
Old Point Financial Corp-4.76%$ -4.757 millions
Eastern Bankshares Inc -4.91%$ -4.915 millions
Greene County Bancorp Inc -5.10%$ -5.098 millions




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