Investment banking fees
RevenueGoldman Sachs Group Investment banking fees decreased by 3.0% to $2.58B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.4%, from $2.06B to $2.58B. Over 4 years (FY 2021 to FY 2025), Investment banking fees shows a downward trend with a -9.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
An increase suggests strong corporate deal flow and market activity, while a decrease may signal a slowdown in capital markets.
Detailed definition
This metric represents revenue generated from advisory services, underwriting of equity and debt securities, and other c...
Peer comparison
Comparable to investment banking revenue reported by global peers like Goldman Sachs or Morgan Stanley.
Metric ID:
is_jpm_investment_banking_feesHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.45B | $3.55B | $3.60B | $2.13B | $1.79B | $1.54B | $1.90B | $1.58B | $1.43B | $1.56B | $1.65B | $2.09B | $1.73B | $1.86B | $2.06B | $1.92B | $2.19B | $2.66B | $2.58B |
| QoQ Change | — | +2.8% | +1.6% | -40.9% | -16.2% | -13.7% | +23.5% | -17.1% | -9.3% | +8.6% | +6.3% | +26.1% | -16.9% | +7.6% | +10.3% | -6.8% | +14.5% | +21.2% | -3.0% |
| YoY Change | — | — | — | — | -48.3% | -56.6% | -47.2% | -26.0% | -19.8% | +0.9% | -13.1% | +32.1% | +21.0% | +19.9% | +24.4% | -8.1% | +26.6% | +42.7% | +25.4% |
Range$1.43B – $3.60B
CAGR-6.3%
Avg YoY Growth-1.7%
Median YoY Growth+0.9%
Investment banking fees at Other Companies
Frequently Asked Questions
- What is Goldman Sachs Group's investment banking fees?
- Goldman Sachs Group (GS) reported investment banking fees of $2.58B in Q4 2025.
- How has Goldman Sachs Group's investment banking fees changed year-over-year?
- Goldman Sachs Group's investment banking fees increased by 25.4% year-over-year, from $2.06B to $2.58B.
- What is the long-term trend for Goldman Sachs Group's investment banking fees?
- Over 4 years (2021 to 2025), Goldman Sachs Group's investment banking fees has grown at a -9.9% compound annual growth rate (CAGR), from $14.17B to $9.35B.
- What does investment banking fees mean?
- Revenue earned from helping companies raise capital and execute mergers and acquisitions.