GS
The Goldman Sachs Group, Inc.
Revenue by segment
2025, ended Dec 31, 2025
Earlier:
Segments by fiscal year
| USDLine, in USD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Banking & Markets | 41.5B | 35.1B | 30.0B | 32.5B | 36.7B | 30.5B | — | — | — | — | — | — | — | — | — |
| Asset & Wealth Management | 16.7B | 16.3B | 14.2B | 13.4B | 22.0B | 13.8B | — | — | — | — | — | — | — | — | — |
| Platform Solutions | 0.15B | 2.13B | 2.06B | 1.50B | 0.64B | 0.33B | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | 36.5B | 36.6B | 32.7B | 23.9B | 26.0B | 27.8B | 27.1B | 26.0B | 20.5B | |
| Global Markets | — | — | — | — | — | — | 14.8B | 14.4B | 12.3B | — | — | — | — | — | — |
| Investment Banking | — | — | — | — | — | — | 7.60B | 8.18B | 7.46B | 6.27B | 7.03B | 6.46B | 6.00B | 4.93B | 4.36B |
| Asset Management | — | — | — | — | — | — | 8.97B | 8.84B | 8.53B | — | — | — | — | — | — |
| Consumer & Wealth Management | — | — | — | — | — | — | 5.20B | 5.17B | 4.45B | — | — | — | — | — | — |
| Institutional Client Services | — | — | — | — | — | — | — | — | — | 14.5B | 15.2B | 15.2B | 15.7B | 18.1B | 17.3B |
Institutional Client Services - Equities | — | — | — | — | — | — | — | — | — | 6.91B | 7.83B | 6.74B | 7.07B | 8.21B | 8.26B |
Institutional Client Services - Fixed Income, Currency and Commodities Client Execution | — | — | — | — | — | — | — | — | — | 7.56B | 7.32B | 8.46B | 8.65B | 9.91B | 9.02B |
| Investing and Lending | — | — | — | — | — | — | — | — | — | 4.26B | 5.44B | 6.83B | 7.02B | 5.89B | 2.14B |
Investing and Lending - Equity Securities | — | — | — | — | — | — | — | — | — | 2.57B | 3.78B | 4.58B | 4.97B | 2.80B | 0.60B |
Investing and Lending - Debt Securities and Loans | — | — | — | — | — | — | — | — | — | 1.69B | 1.66B | 2.25B | 2.04B | 1.85B | 96M |
Investing and Lending - Other | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.24B | 1.44B |
| Investment Management | — | — | — | — | — | — | — | — | — | 5.79B | 6.21B | 6.04B | 5.46B | 5.22B | 5.03B |
Investment Management - Management and Other Fees | — | — | — | — | — | — | — | — | — | 4.80B | 4.89B | 4.80B | 4.39B | 4.11B | 4.19B |
Investment Management - Transaction Revenues | — | — | — | — | — | — | — | — | — | 569M | 539M | 466M | 415M | 416M | 523M |
Investment Management - Incentive Fees | — | — | — | — | — | — | — | — | — | 421M | 780M | 776M | 662M | 701M | 323M |
| Investment Banking - Financial Advisory | — | — | — | — | — | — | — | — | — | 2.93B | 3.47B | 2.47B | 1.98B | 1.98B | 1.99B |
| Investment Banking - Underwriting | — | — | — | — | — | — | — | — | — | 3.34B | 3.56B | 3.99B | 4.03B | 2.95B | 2.37B |
| Investment Banking - Debt Underwriting | — | — | — | — | — | — | — | — | — | 2.45B | 2.01B | 2.24B | 2.37B | 1.96B | 1.28B |
| Investment Banking - Equity Underwriting | — | — | — | — | — | — | — | — | — | 0.89B | 1.55B | 1.75B | 1.66B | 0.99B | 1.09B |
| Total | 58.3B | 53.5B | 46.3B | 47.4B | 59.3B | 44.6B | 36.5B | 36.6B | 32.7B | 30.8B | 33.8B | 34.5B | 34.2B | 34.2B | 28.8B |