Income StatementBalance SheetCash FlowSegments
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Goldman Sachs Group Business Segments

Business, geographic, and product segment breakdowns

Goldman Sachs Group generates $60.4B in annual revenue across 3 key segments: Asset & Wealth Management ($3.5B), Global Banking & Markets ($8.0B), and Platform Solutions ($2.8B). Based on the Q1 2026 filing.

Asset & Wealth Management (TTM)$3.5BGlobal Banking & Markets (TTM)$8.0BPlatform Solutions (TTM)$2.8B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$294.04B
P/E Ratio16.27
ROE14.63%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Significant unobservable inputs$587.8—$438.7$466.8$489.8$443.8

Geographic

Concentration risk percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas2500.0%2500.0%2500.0%2500.0%2500.0%10000.0%
EMEA650.0%——100.0%—2200.0%
Asia200.0%225.0%225.0%225.0%225.0%900.0%

Geographic Reporting Information Percentage Of Net Income Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas16.5%17.3%17.3%17.3%17.3%—
Asia2.5%2.0%2.0%2.0%2.0%—
EMEA6.0%5.8%5.8%5.8%5.8%—

Net earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$2.3B$3.0B$3.0B$3.0B$3.0B—
Asia$363.0M$344.3M$344.3M$344.3M$344.3M—
EMEA$867.5M$970.0M$970.0M$970.0M$970.0M—

Percentage of total net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas—66.0%62.0%66.0%—60.0%
EMEA—23.0%26.0%21.0%1.0%22.0%
Asia1.0%11.0%12.0%13.0%1.0%18.0%

Percentage of total pre-tax earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas4.0%66.0%59.0%71.0%4.0%63.0%
EMEA—26.0%31.0%22.0%—23.0%
Asia—8.0%10.0%7.0%—14.0%

Total net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$9.1B$9.9B$9.0B$10.0B$7.7B$10.4B
EMEA$2.8B$3.5B$3.8B$3.2B$3.7B$3.8B
Asia$2.0B$1.7B$1.8B$2.0B$2.1B$3.0B

Total pre-tax earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$3.9B$3.7B$2.9B$3.8B$4.5B$4.1B
EMEA$745.0M$1.5B$1.5B$1.2B$990.0M$1.5B
Asia$598.0M$458.0M$505.0M$408.0M$363.0M$903.0M

Business Segments

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equities$2.6B—$2.6B$2.6B$2.6B$2.6B
Asset management$1.4B—$1.5B$1.5B$1.5B$2.1B
Wealth Management$1.3B—$1.3B$1.3B$1.3B$1.3B
Global Markets Fixed Income Currency and Commodities$269.0M—$269.0M$269.0M$269.0M$269.0M
Investment banking$267.0M—$267.0M$267.0M$267.0M$267.0M

Assets Held for Sale

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset & Wealth Management$517.0M—$116.0M$101.0M$124.0M$112.0M

Average common equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$1.6B$79.6B$78.2B$78.0B$1.7B$82.1B
Asset & Wealth Management—$24.6B$26.0B$26.1B—$23.1B
Platform Solutions$38.0M$4.5B$4.4B$4.2B—$3.7B

Compensation and benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$2.1B$3.1B$2.8B$2.6B$2.6B$3.4B
Asset & Wealth Management$1.6B$1.6B$1.7B$2.0B$2.1B$1.8B
Platform Solutions—$123.0M$145.0M$134.0M$47.0M$160.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$370.0M$288.0M$281.0M$270.0M$337.0M$291.0M
Asset & Wealth Management$152.0M$190.0M$287.0M$215.0M$211.0M$185.0M
Platform Solutions—$28.0M$50.0M$46.0M$0.0$19.0M

Net earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$2.6B$4.0B$3.1B$3.3B$3.4B$4.8B
Asset & Wealth Management$1.6B$702.0M$642.0M$871.0M$1.1B$807.0M
Platform Solutions-$137.0M$50.0M-$47.0M-$30.0M$175.0M$65.0M

Net earnings to common

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$2.5B$3.9B$2.9B$3.1B$3.2B$4.6B
Asset & Wealth Management$1.6B$674.0M$596.0M$828.0M$1.0B$770.0M
Platform Solutions-$143.0M$45.0M-$56.0M-$38.0M$168.0M$59.0M

Net Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$1.0B$1.4B$1.5B$2.0B$2.3B$2.2B
Asset & Wealth Management$853.0M$745.0M$786.0M$1.1B$891.0M$704.0M
Platform Solutions$469.0M$702.0M$781.0M$806.0M$511.0M$666.0M

Non-interest revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$7.6B$9.3B$8.6B$8.2B$8.2B$10.6B
Asset & Wealth Management$4.0B$3.0B$3.0B$3.3B$3.9B$3.4B
Platform Solutions-$98.0M-$92.0M-$96.0M-$136.0M-$2.4B-$255.0M

Noninterest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$5.3B$5.9B$5.8B$5.7B$6.2B$7.0B
Asset & Wealth Management$2.9B$2.9B$3.0B$3.3B$3.5B$3.1B
Platform Solutions$92.0M$348.0M$435.0M$423.0M$74.0M$335.0M

Other expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$3.1B$2.8B$2.9B$3.2B$3.6B$3.6B
Asset & Wealth Management$1.3B$1.2B$1.3B$1.3B$1.4B$1.3B
Platform Solutions$93.0M$225.0M$290.0M$289.0M$80.0M$175.0M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets—$66.0M$179.0M$86.0M$48.0M$248.0M
Asset & Wealth Management-$91.0M$18.0M-$102.0M-$33.0M$0.0$66.0M
Platform Solutions$453.0M$203.0M$307.0M$286.0M-$2.2B$1.0M

Return on average common equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets—$0.2$0.2$0.2—$0.2
Asset & Wealth Management$0.0$0.1$0.1$0.1$0.0$0.1
Platform Solutions—$0.0-$0.1-$0.0$0.0$0.1

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$1.5T—$1.5T$1.5T$1.6T$1.8T
Asset & Wealth Management$187.0B—$199.3B$206.9B$198.6B$211.3B
Platform Solutions$27.5B—$61.1B$65.4B$28.1B$28.6B

Total net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$8.6B$10.7B$10.1B$10.1B$10.5B$12.7B
Asset & Wealth Management$4.9B$3.7B$3.8B$4.4B$4.8B$4.1B
Platform Solutions$371.0M$610.0M$685.0M$670.0M—$411.0M

Total pre-tax earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Global Banking & Markets$3.4B$4.8B$4.2B$4.3B$4.3B$5.5B
Asset & Wealth Management$2.1B$837.0M$845.0M$1.1B$1.4B$930.0M
Platform Solutions-$174.0M$59.0M-$57.0M-$39.0M$222.0M$75.0M