← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Net earnings rose 20.3% to $17.18B on stronger trading and investment banking, as Goldman exited the Apple Card program and bought back $12.36B of shares.
The read at a glance✓ Audited against SEC data
- Revenue — Net revenues +8.9% to $58.28BOK
- Profit — Net earnings $17.18B, +20.3%; return on equity 15.0%OK
- Book value — Book value per share $357.60, +6.2%OK
- Apple Card — $2.26bn of markdowns, more than offset by a $2.48bn reserve releaseNote
- Capital — Buybacks $12.36B, +54.5%; dividends $5.28BNote
- Costs — Operating expenses $37.54bn, up 11%Watch
Business
Goldman Sachs reports three segments: Global Banking & Markets, which earned $41.45B of 2025 net revenues, Asset & Wealth Management with $16.68B, and Platform Solutions with $0.15B.
Where the revenue comes from
Fiscal 2025, as GOLDMAN SACHS GROUP INC reports it. History and quarterly detail are in the app.
- Global Banking & Markets$41.5B
- Asset & Wealth Management$16.7B
- Platform Solutions$151.0M
Leadership changes
From GOLDMAN SACHS GROUP INC's own filings, the day they're filed.
- John Waldron · Chief Operating Officer · appointmenteff. 2025-04-01
- John B. Hess · Directors · appointmenteff. 2024-06-24
- Jessica Uhl · member · departureeff. 2024-03-04
Latest filings
- 8-K · Company announcement2026-08-11
- 10-Q · Quarterly report2026-08-03
- 8-K · Company announcement2026-07-27
- 8-K · Company announcement2026-07-21
- 8-K · Company announcement2026-07-20
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- What changed🔒
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- Margins & accounting🔒
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- The long arc🔒
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- Ana — ask about GOLDMAN SACHS GROUP INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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