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The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc.

NYSE•GS
CEO: Mr. David Solomon
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 1999-05-04
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products, as well as underwriting services. The Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards and point-of-sale financing for purchase of goods or services. This segment also provides cash management services, such as deposit-taking and payment solutions for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Contact Information
200 West Street, New York, NY, 10282, United States
212-902-1000
www.goldmansachs.com
Market Cap
$291.22B
P/E (TTM)
17.5
20
Dividend Yield
1.5%
52W High
$984.70
52W Low
$439.38
52W Range
96%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$30.13B-6.56%
4-Quarter Trend

EPS

$14.21+16.76%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Net Earnings Growth Net earnings reached $4.10B (up 38.9% YoY); Diluted EPS $12.25 versus $8.40, reflecting robust revenue performance.
Net Interest Income Jumps NII rose 64% to $3.85B for Q3 2025, driven by lower interest expense and higher average balances across key funding sources.
Investment Banking Fees Strong Investment banking fees grew 42% in Q3 to $2.66B, supported by significantly higher advisory revenues and debt underwriting activity.
Solid Capital Ratios Maintained Standardized CET1 ratio stood at 14.3% as of September 2025, exceeding minimum regulatory requirements comfortably.

Risk Factors

Credit Loss Provisions Rising Provision for credit losses for nine months totaled $1.01B; credit card portfolio net charge-offs remain a key driver of provisioning.
Geopolitical/Macro Uncertainty Ongoing geopolitical tensions and trade policy uncertainty create risks for market-making activity and overall economic outlook.
Stringent Regulatory Capital Firm maintains capital buffers above minimums, but evolving Basel III standards and G-SIB surcharge require continuous compliance focus.
Level 3 Valuation Inputs Significant reliance on Level 3 inputs for fair value measurements introduces inherent uncertainty requiring management judgment.

Outlook

Target ROE/ROTE Range Management targets through-cycle ROE of 14%-16% and ROTE of 15%-17%, contingent on business execution and capital deployment.
Platform Solutions Breakeven Goal Platform Solutions targets pre-tax breakeven by year-end 2025, focusing on core consumer platforms and transaction banking.
Credit Loss Forecast Uncertainty Expected credit losses rely on multi-scenario forecasts; actual results may differ materially based on economic shifts and model assumptions.
Future Market Deterioration Deterioration in market conditions or credit spreads could negatively impact net revenues across Global Banking & Markets.

Peer Comparison

Revenue (TTM)

The Goldman Sachs Group, Inc.GS
$125.10B
-1.4%
HSBC Holdings plcHSBC
$116.31B
-44.8%
Morgan StanleyMS
$116.11B
+12.6%

Gross Margin (Latest Quarter)

The Charles Schwab CorporationSCHW
87.1%
+13.2pp
American Express CompanyAXP
83.4%
+2.0pp
Morgan StanleyMS
56.9%
+2.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MS$300.52B18.415.1%30.4%
GS$291.22B17.513.8%34.2%
HSBC$283.62B16.19.3%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.5%
Flat Growth
4Q Net Income CAGR
-0.9%
Stable Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 21, 2026
|
EPS:$11.52
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 31, 2025|
    Revenue: $32.15B+2.0%
    |
    EPS: $12.42+45.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $31.27B+1.1%
    |
    EPS: $11.07+26.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $31.55B-1.9%
    |
    EPS: $14.25+22.1%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $126.85B+17.0%
    |
    EPS: $41.22+78.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $31.52B+10.5%
    |
    EPS: $8.52+54.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $30.93B+18.7%
    |
    EPS: $8.73+178.9%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $32.16B+26.7%
    |
    EPS: $11.67+31.0%
    Beat
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $108.42B+57.8%
    |
    EPS: $23.05-24.6%
    Beat