The Goldman Sachs Group, Inc. · GS

How Goldman Sachs makes money

Goldman Sachs brought in $58.3 billion in net revenue in 2025 and kept $17.2 billion as profit: $29.47 of every $100. Its biggest source of money was Banking and markets, at $41.5 billion (71% of the total).

From Goldman Sachs' Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.

Net revenue$58.3 billion2025

Net profit$17.2 billion$29.47 of every $100

Out of every $100 Goldman Sachs took in, it kept

$29.47profit

Kept $29.47Everything else $70.53

$0$100 in sales

Where Goldman Sachs' money comes from. 3 lines in its 10‑K.

Banking and marketsAdvising, underwriting, trading$41.5B71% of total

Asset and wealth managementManaging money for clients$16.7B29% of total

Platform solutionsConsumer partnerships$151M0% of total

6 years of Goldman Sachs' revenue and profit.

$44.6B

$59.3B

$47.4B

$46.3B

$53.5B

$58.3B

2020$9.5B2021$21.6B2022$11.3B2023$8.5B2024$14.3B2025$17.2B

Revenue (on top of each bar)Net profit (under each year)

Fiscal years as Goldman Sachs reports them; the latest ended December 31, 2025. Profit is net income.

Quick answers about Goldman Sachs.

How does Goldman Sachs make money?

Goldman Sachs earns fees for advising on deals and raising money, trading for clients, and managing money. The biggest line in its latest 10-K is Banking and markets ($41.5 billion).

How much money does Goldman Sachs make a year?

$58.3 billion in net revenue in 2025, and $17.2 billion in net profit. That's up 9% from the year before.

Is Goldman Sachs profitable?

Yes. Goldman Sachs made $17.2 billion in net profit in 2025, which is $29.47 of every $100 it took in.

Is Goldman Sachs growing?

Yes. Revenue went from $44.6 billion in 2020 to $58.3 billion in 2025, up 31%.

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Source: The Goldman Sachs Group, Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026.

Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.