Goldman Sachs Group GS Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Non-interest revenues by Business | ||||||
| Asset & Wealth Management | $13.62B+3.1% | $13.21B-0.8% | $13.32B+2.3% | $13.02B-1.5% | $13.22B-1.2% | |
| Global Banking & Markets | $35.49B+3.7% | $34.23B+1.9% | $33.61B+1.4% | $33.13B+3.1% | $32.13B-1.2% | |
| Platform Solutions | -$2.88B-6.0% | -$2.72B-543% | -$422M+32.9% | -$629M-12.9% | -$557M-19.8% | |
| Total net revenues by Business | ||||||
| Asset & Wealth Management | $17.08B+2.2% | $16.71B-0.4% | $16.78B+4.0% | $16.14B-0.6% | $16.24B-0.5% | |
| Global Banking & Markets | $43.48B+4.8% | $41.49B+4.8% | $39.58B+4.1% | $38.02B+5.4% | $36.08B+2.9% | |
| Net earnings by Business | ||||||
| Asset & Wealth Management | $3.39B+3.2% | $3.29B-14.3% | $3.83B+2.8% | $3.73B-1.5% | $3.79B+0.3% | |
| Global Banking & Markets | $14.52B+5.6% | $13.74B+5.7% | $13B+4.9% | $12.4B+5.7% | $11.73B+4.0% | |
| Platform Solutions | $163M+10.1% | $148M+190% | -$164M+70.9% | -$564M+10.8% | -$632M+18.3% | |
| Net earnings to common by Business | ||||||
| Asset & Wealth Management | $3.23B+3.1% | $3.14B-14.9% | $3.69B+2.8% | $3.58B-2.1% | $3.66B+0.6% | |
| Global Banking & Markets | $13.76B+5.4% | $13.05B+5.7% | $12.35B+4.9% | $11.77B+5.3% | $11.17B+4.6% | |
| Platform Solutions | $133M+11.8% | $119M+162% | -$192M+67.5% | -$591M+9.8% | -$655M+18.0% | |
| Net Interest Income by Business | ||||||
| Asset & Wealth Management | $3.46B-1.2% | $3.5B+1.1% | $3.47B+11.2% | $3.12B+3.1% | $3.02B+3.0% | |
| Global Banking & Markets | $7.99B+10.2% | $7.26B+21.5% | $5.97B+22.2% | $4.89B+23.6% | $3.96B+54.6% | |
| Platform Solutions | $2.76B-1.3% | $2.8B+1.5% | $2.76B+2.7% | $2.69B+3.4% | $2.6B+1.4% | |
| Total pre-tax earnings by Business | ||||||
| Asset & Wealth Management | $4.27B+2.2% | $4.18B-14.6% | $4.89B+2.5% | $4.77B-1.1% | $4.83B-0.8% | |
| Global Banking & Markets | $18.22B+4.2% | $17.49B+5.5% | $16.57B+4.8% | $15.81B+6.8% | $14.8B+1.9% | |
| Platform Solutions | $201M+8.6% | $185M+188% | -$211M+71.1% | -$731M+11.0% | -$821M+17.7% | |
| Total Assets by Business | ||||||
| Asset & Wealth Management | $816.03B— | —— | —— | —— | —— | |
| Global Banking & Markets | $6.46T— | —— | —— | —— | —— | |
| Platform Solutions | $183.27B— | —— | —— | —— | —— | |
| Goodwill by Business | ||||||
| Asset management | $6.47B— | —— | —— | —— | —— | |
| Equities | $10.59B— | —— | —— | —— | —— | |
| Global Markets Fixed Income Currency and Commodities | $1.08B— | —— | —— | —— | —— | |
| Investment banking | $1.07B— | —— | —— | —— | —— | |
| Wealth Management | $5.24B— | —— | —— | —— | —— | |
| Average common equity by Business | ||||||
| Global Banking & Markets | $240.07B+1.1% | $237.53B0.0% | $237.42B+0.8% | $235.46B+0.9% | $233.3B— | |
| Compensation and benefits by Business | ||||||
| Asset & Wealth Management | $7.61B+2.5% | $7.43B+6.6% | $6.97B+5.5% | $6.61B+0.2% | $6.6B+0.5% | |
| Global Banking & Markets | $11.4B+2.8% | $11.09B+4.3% | $10.63B+1.9% | $10.44B+4.4% | $10B+3.7% | |
| Platform Solutions | $486M+8.2% | $449M— | —— | —— | —— | |
| D&A by Business | ||||||
| Asset & Wealth Management | $898M-0.6% | $903M+7.0% | $844M-0.1% | $845M-3.8% | $878M-10.1% | |
| Global Banking & Markets | $1.18B+0.3% | $1.18B-2.7% | $1.21B-0.5% | $1.22B-0.2% | $1.22B-0.6% | |
| Platform Solutions | $115M-7.3% | $124M— | —— | —— | —— | |
| Noninterest Expense by Business | ||||||
| Asset & Wealth Management | $12.87B+1.8% | $12.65B+4.5% | $12.1B+3.8% | $11.65B0.0% | $11.65B-0.7% | |
| Global Banking & Markets | $24.7B+4.6% | $23.62B+4.1% | $22.69B+3.5% | $21.92B+3.3% | $21.23B+3.8% | |
| Platform Solutions | $1.27B-1.0% | $1.28B-1.4% | $1.3B-5.5% | $1.37B+1.0% | $1.36B-14.1% | |
| Other expenses by Business | ||||||
| Asset & Wealth Management | $5.26B+0.8% | $5.22B+1.8% | $5.13B+1.7% | $5.05B-0.2% | $5.06B-2.1% | |
| Global Banking & Markets | $13.3B+6.2% | $12.53B+4.0% | $12.05B+5.0% | $11.48B+2.3% | $11.22B+3.8% | |
| Platform Solutions | $834M-5.7% | $884M-1.4% | $897M-7.9% | $974M+1.6% | $959M-11.2% | |
| Provision for Credit Losses by Business | ||||||
| Asset & Wealth Management | -$69M+41.0% | -$117M+43.8% | -$208M+26.8% | -$284M-18.3% | -$240M+14.3% | |
| Global Banking & Markets | $561M+48.0% | $379M— | —— | —— | —— | |
| Platform Solutions | -$1.58B-14.6% | -$1.38B-210% | $1.25B-11.7% | $1.42B-5.9% | $1.5B-2.7% | |
| Percentage of total net revenues by Geography | ||||||
| Asia | 44%+7.0pp | 37%0.0pp | 37%0.0pp | 37%-1.0pp | 38%— | |
| EMEA | 70%-1.0pp | 71%— | —— | —— | —— | |
| Total net revenues by Geography | ||||||
| Americas | $37.1B+1.5% | $36.55B-3.7% | $37.97B+5.5% | $35.99B+2.4% | $35.13B+2.0% | |
| Asia | $8.92B+17.7% | $7.58B+1.1% | $7.5B+6.0% | $7.07B+1.7% | $6.96B+2.1% | |
| EMEA | $14.43B+1.9% | $14.16B+6.9% | $13.24B+0.7% | $13.15B+7.2% | $12.27B+0.2% | |
| Percentage of total pre-tax earnings by Geography | ||||||
| Americas | 197%-3.0pp | 200%0.0pp | 200%+11.0pp | 189%-6.0pp | 195%— | |
| Total pre-tax earnings by Geography | ||||||
| Americas | $15.37B+2.6% | $14.98B+4.1% | $14.39B+10.9% | $12.97B+3.3% | $12.56B+3.7% | |
| Asia | $2.18B+25.7% | $1.73B-11.9% | $1.97B-0.4% | $1.98B+5.6% | $1.87B0.0% | |
| EMEA | $5.14B0.0% | $5.14B+5.0% | $4.89B-0.1% | $4.9B+11.9% | $4.38B-0.9% | |
| Concentration risk percentage by Geography | ||||||
| Americas | 17,500%+7,500pp | 10,000%0.0pp | 10,000%0.0pp | 10,000%0.0pp | 10,000%0.0pp | |
| Asia | 1,575%+675pp | 900%+25.0pp | 875%+25.0pp | 850%+25.0pp | 825%+25.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Goldman Sachs Group break its business down?
- Goldman Sachs Group (GS) reports non-interest revenues by business across 3 parts — Asset & Wealth Management, Global Banking & Markets and Platform Solutions. Each is extracted from the segment footnotes and tracked over time.
- Where does Goldman Sachs Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Goldman Sachs Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
