• Goldman Sachs average return on tangible equity for 2023 was 7.12, a 44.81% increase from 2022.
• Goldman Sachs average return on tangible equity for 2022 was 12.9, a 33.54% decline from 2021.
• Goldman Sachs average return on tangible equity for 2021 was 19.41, a 165.16% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.