Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 31.5B | 1.9% |
| Gross Profit | 8.46B | 4% |
| Cost of Revenue | 8.71B | 1.2% |
| Operating expense | 1.92B | 0.8% |
| Net Income | 2.99B | 1.7% |
| EBITDA | 23.4B | 3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1,728B | 4.5% |
| Total Liabilities | 1,607B | 4.8% |
| Total Equity | 121B | 1.5% |
| Shares Outstanding | 314M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -38.1B | 721.9% |
| Cash from investing | -29.3B | 458.6% |
| Cash from financing | 10.3B | 536.1% |
EPS
Financial Highlights for Goldman Sachs in Q3 '24
Goldman Sachs reported a revenue of 31.5B, which is a 1.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 8.46B, marking a -4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.71B, a -1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.92B, showing a -0.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.99B, showing a -1.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 23.4B, showing a 3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Goldman Sachs faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
