Goldman Sachs Group Total benefits and expenses increased by 2.8% to $9.72B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 17.7%, from $8.26B to $9.72B. Over 3 years (FY 2021 to FY 2025), Total benefits and expenses shows an upward trend with a 5.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
A lower ratio of total expenses to revenue indicates higher operational efficiency and better profitability potential.
This is the aggregate of all operating costs, including compensation, technology, occupancy, and other administrative ex...
Standard metric for measuring the overall cost structure of financial institutions.
is_total_benefits_and_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '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 | $8.64B | $6.59B | $7.27B | $7.72B | $7.65B | $8.62B | $8.62B | $8.62B | $8.62B | $8.66B | $8.53B | $8.32B | $8.26B | $9.13B | $9.24B | $9.45B | $9.72B |
| QoQ Change | — | -23.7% | +10.3% | +6.1% | -0.8% | +12.7% | +0.0% | +0.0% | +0.0% | +0.4% | -1.4% | -2.6% | -0.6% | +10.5% | +1.2% | +2.3% | +2.8% |
| YoY Change | — | — | — | — | -11.4% | +11.7% | +12.7% | — | — | +0.4% | -1.0% | -3.6% | -4.2% | +5.4% | +8.3% | +13.7% | +17.7% |
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