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+3.0% | $13.21B-1.3% | $13.32B+10.2% | $13.02B+10.3% | $13.22B+16.2% | |
| Global Banking & Markets | $35.49B+10.5% | $34.23B+5.3% | $33.61B+4.4% | $33.13B+4.2% | $32.13B+2.0% | |
| Platform Solutions | -$2.88B-417% | -$2.72B-484% | -$422M-3.7% | -$629M-508% | -$557M-367% | |
| Total net revenues by Business | ||||||
| Asset & Wealth Management | $17.08B+5.2% | $16.71B+2.4% | $16.78B+12.1% | $16.14B+9.3% | $16.24B+12.4% | |
| Global Banking & Markets | $43.48B+20.5% | $41.49B+18.3% | $39.58B+16.5% | $38.02B+15.5% | $36.08B+12.0% | |
| Net earnings by Business | ||||||
| Asset & Wealth Management | $3.39B-10.4% | $3.29B-13.0% | $3.83B+52.7% | $3.73B+78.2% | $3.79B+117% | |
| Global Banking & Markets | $14.52B+23.8% | $13.74B+21.9% | $13B+20.1% | $12.4B+19.8% | $11.73B+16.4% | |
| Platform Solutions | $163M+126% | $148M+119% | -$164M+84.2% | -$564M+44.1% | -$632M+51.2% | |
| Net earnings to common by Business | ||||||
| Asset & Wealth Management | $3.23B-11.7% | $3.14B-13.8% | $3.69B+55.3% | $3.58B+82.4% | $3.66B+127% | |
| Global Banking & Markets | $13.76B+23.1% | $13.05B+22.1% | $12.35B+20.2% | $11.77B+19.5% | $11.17B+16.7% | |
| Platform Solutions | $133M+120% | $119M+115% | -$192M+81.9% | -$591M+42.8% | -$655M+50.4% | |
| Net Interest Income by Business | ||||||
| Asset & Wealth Management | $3.46B+14.6% | $3.5B+19.3% | $3.47B+20.0% | $3.12B+5.3% | $3.02B-1.6% | |
| Global Banking & Markets | $7.99B+102% | $7.26B+184% | $5.97B+238% | $4.89B+339% | $3.96B+437% | |
| Platform Solutions | $2.76B+6.4% | $2.8B+9.3% | $2.76B+4.2% | $2.69B+8.9% | $2.6B+11.6% | |
| Total pre-tax earnings by Business | ||||||
| Asset & Wealth Management | $4.27B-11.5% | $4.18B-14.2% | $4.89B+51.4% | $4.77B+79.5% | $4.83B+119% | |
| Global Banking & Markets | $18.22B+23.1% | $17.49B+20.4% | $16.57B+19.0% | $15.81B+20.3% | $14.8B+16.3% | |
| Platform Solutions | $201M+124% | $185M+119% | -$211M+84.1% | -$731M+42.7% | -$821M+49.8% | |
| 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+2.9% | $237.53B— | $237.42B— | $235.46B— | $233.3B— | |
| Compensation and benefits by Business | ||||||
| Asset & Wealth Management | $7.61B+15.4% | $7.43B+13.1% | $6.97B+7.9% | $6.61B+3.8% | $6.6B+6.4% | |
| Global Banking & Markets | $11.4B+14.0% | $11.09B+15.0% | $10.63B+9.5% | $10.44B+9.5% | $10B+7.3% | |
| Platform Solutions | $486M— | $449M— | —— | —— | —— | |
| D&A by Business | ||||||
| Asset & Wealth Management | $898M+2.3% | $903M-7.6% | $844M-41.0% | $845M-53.6% | $878M-58.3% | |
| Global Banking & Markets | $1.18B-3.1% | $1.18B-3.9% | $1.21B+5.3% | $1.22B+4.2% | $1.22B+3.4% | |
| Platform Solutions | $115M— | $124M— | —— | —— | —— | |
| Noninterest Expense by Business | ||||||
| Asset & Wealth Management | $12.87B+10.5% | $12.65B+7.8% | $12.1B+0.3% | $11.65B-6.5% | $11.65B-8.0% | |
| Global Banking & Markets | $24.7B+16.4% | $23.62B+15.5% | $22.69B+14.4% | $21.92B+12.4% | $21.23B+11.3% | |
| Platform Solutions | $1.27B-6.8% | $1.28B-19.1% | $1.3B-41.7% | $1.37B-44.3% | $1.36B-51.1% | |
| Other expenses by Business | ||||||
| Asset & Wealth Management | $5.26B+4.1% | $5.22B+1.1% | $5.13B-8.5% | $5.05B-17.2% | $5.06B-21.8% | |
| Global Banking & Markets | $13.3B+18.5% | $12.53B+15.9% | $12.05B+19.0% | $11.48B+15.1% | $11.22B+15.1% | |
| Platform Solutions | $834M-13.0% | $884M-18.1% | $897M-42.8% | $974M-45.4% | $959M-54.1% | |
| Provision for Credit Losses by Business | ||||||
| Asset & Wealth Management | -$69M+71.3% | -$117M+58.2% | -$208M+35.8% | -$284M+18.7% | -$240M+43.7% | |
| Global Banking & Markets | $561M— | $379M— | —— | —— | —— | |
| Platform Solutions | -$1.58B-205% | -$1.38B-189% | $1.25B-9.2% | $1.42B+17.2% | $1.5B+37.0% | |
| Percentage of total net revenues by Geography | ||||||
| Asia | 44%+6.0pp | 37%— | 37%— | 37%— | 38%— | |
| EMEA | 70%— | 71%— | —— | —— | —— | |
| Total net revenues by Geography | ||||||
| Americas | $37.1B+5.6% | $36.55B+6.1% | $37.97B+16.2% | $35.99B+12.6% | $35.13B+12.7% | |
| Asia | $8.92B+28.2% | $7.58B+11.2% | $7.5B+22.7% | $7.07B+21.4% | $6.96B+27.8% | |
| EMEA | $14.43B+17.6% | $14.16B+15.6% | $13.24B+6.6% | $13.15B+7.2% | $12.27B-0.1% | |
| Percentage of total pre-tax earnings by Geography | ||||||
| Americas | 197%+2.0pp | 200%— | 200%— | 189%— | 195%— | |
| Total pre-tax earnings by Geography | ||||||
| Americas | $15.37B+22.5% | $14.98B+23.7% | $14.39B+48.3% | $12.97B+47.0% | $12.56B+60.9% | |
| Asia | $2.18B+16.3% | $1.73B-7.4% | $1.97B+36.5% | $1.98B+65.7% | $1.87B+95.3% | |
| EMEA | $5.14B+17.3% | $5.14B+16.3% | $4.89B+4.5% | $4.9B+8.7% | $4.38B-3.3% | |
| Concentration risk percentage by Geography | ||||||
| Americas | 17,500%+7,500pp | 10,000%0.0pp | 10,000%— | 10,000%— | 10,000%— | |
| Asia | 1,575%+750pp | 900%+100pp | 875%— | 850%— | 825%— |
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.
