Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the four-year span with usable data (2021–2024) Goldman Sachs’ total assets moved from $1,463,988m in 2021 to $1,675,972m in 2024. Assets dipped modestly from 2021 to 2022 (−1.5%) and then expanded markedly in 2023 (+13.9%) with a further smaller gain in 2024 (+2.1%). Total liabilities followed a similar pattern: $1,354,062m (2021) → $1,324,610m (2022) (−2.2%) → $1,524,689m (2023) (+15.1%) → $1,553,976m (2024) (+1.9%). The 2023 jump in both assets and liabilities is the most noteworthy fluctuation, implying a sizable balance-sheet expansion likely tied to increased client activity, trading and financing positions or market-driven valuation changes typical for large investment banks. Stockholders’ equity has been relatively stable: $109,926m (2021) → $117,189m (2022, +6.6%) → $116,905m (2023, −0.2%) → $121,996m (2024, +4.4%). As a result, equity as a share of assets rose to about 8.1% in 2022, dipped to ~7.1% in 2023 when the balance sheet expanded, and recovered slightly to ~7.3% in 2024. In short, the firm maintained a broadly stable capital base while taking on proportionate liabilities to finance growth—consistent with industry dynamics where large investment banks operate with high leverage and significant short-term funding. Continued monitoring of regulatory capital ratios, asset quality and funding composition would be important given the material 2023 expansion. (No meaningful 2025 data provided.)
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.