Friday 30 October 2026 Export GS’s income statement to Excel — free account

The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024. In the quarter to September 2026, revenue grew 23.0%, EPS grew 44.0%, free cash flow grew 5.62% and total debt rose 27.1%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years.

892.35 35.38 −3.81%

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Market cap: $270.1B
P/E: 13.1×
Fwd P/E: 12.3×
Dividend yield: 1.94%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

The Goldman Sachs Group, Inc. (GS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Global Banking & Markets	41,453	71.12%
Asset & Wealth Management	16,679	28.62%
Platform Solutions	151	0.26%
Gross margin		100.00%
Operating margin		37.49%
Pre-tax margin		37.49%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Global Banking & Markets	41,453 71.12%	35,067 65.53%	29,994 64.85%	32,487 68.59%	36,734 61.91%	30,469 68.38%	—	—	—
Asset & Wealth Management	16,679 28.62%	16,316 30.49%	14,202 30.70%	13,376 28.24%	21,965 37.02%	13,757 30.87%	—	—	—
Platform Solutions	151 0.26%	2,129 3.98%	2,058 4.45%	1,502 3.17%	640 1.08%	334 0.75%	—	—	—
Global Markets	—	—	—	—	—	—	14,779 40.44%	14,438 39.43%	12,295 37.56%
Asset Management	—	—	—	—	—	—	8,965 24.53%	8,835 24.13%	8,530 26.06%
Investment Banking	—	—	—	—	—	—	7,599 20.79%	8,178 22.33%	7,459 22.79%
Consumer And Wealth Management	—	—	—	—	—	—	5,203 14.24%	5,165 14.11%	4,446 13.58%
Revenue	58,283	53,512	46,254	47,365	59,339	44,560	36,546	36,616	32,730

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Americas	36,548 62.71%	34,448 64.37%	29,335 63.42%	28,669 60.53%	37,217 62.72%	27,293 61.25%	22,148 60.60%	22,339 61.01%	19,737 60.30%	18,301 59.44%	19,202 56.78%	20,062 58.10%	19,858 58.05%	20,159 59.01%	17,873 62.04%
EMEA	14,155 24.29%	12,250 22.89%	11,744 25.39%	12,860 27.15%	14,474 24.39%	10,946 24.56%	9,745 26.67%	9,244 25.25%	8,168 24.96%	8,065 26.19%	8,981 26.56%	9,057 26.23%	8,828 25.81%	8,612 25.21%	7,074 24.55%
Asia	7,580 13.01%	6,814 12.73%	5,175 11.19%	5,836 12.32%	7,648 12.89%	6,321 14.19%	4,653 12.73%	5,033 13.75%	4,825 14.74%	4,424 14.37%	5,637 16.67%	5,409 15.67%	5,520 16.14%	5,392 15.78%	3,864 13.41%
Revenue	58,283	53,512	46,254	47,365	59,339	44,560	36,546	36,616	32,730	30,790	33,820	34,528	34,206	34,163	28,811

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average GCLA	Q2 FY2026	$555.0B	$462.0B	+20.13%
Headcount	Q3 FY2026	47.5K	48.3K	−1.66%
Total AUS	Q4 FY2025	$3.61T	$3.14T	+14.95%
Total AUS net inflows / (outflows)	Q3 FY2026	$83.0B	$79.0B	+5.06%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.