)

Goldman Sachs (GS) investor relations material
Goldman Sachs Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
- Net revenues reached $15.2 billion in Q3 2025, up 20% year-over-year, with EPS of $12.25 and ROE of 14.2%. 
- Record assets under supervision at $3.45 trillion, with strong fundraising and $79 billion in net inflows during the quarter. 
- Market-leading M&A franchise advised on over $1 trillion in announced volumes YTD, with record M&A activity and strong completions. 
- Strategic acquisitions and partnerships, including Industry Ventures and T. Rowe Price, to expand offerings. 
- Launched One Goldman Sachs 3.0, a centralized operating model propelled by AI to drive efficiency and growth. 
Financial highlights
- Q3 net revenues: $15.2 billion; EPS: $12.25, up 46% YoY; ROE: 14.2%; ROTE: 15.2%. 
- Global Banking & Markets revenues: $10.1 billion, up 18% YoY; segment ROE YTD: 17%. 
- Asset and wealth management revenues: $4.4 billion, up 17% YoY; management and other fees up 12% YoY to $2.9 billion. 
- Platform Solutions net revenues: $670 million, up 71% YoY, reflecting improved consumer platforms. 
- Book value per share increased to $353.79, up 5.1% year-to-date. 
Outlook and guidance
- Optimistic outlook for investment banking, supported by increased sponsor activity and expected U.S. rate cuts. 
- Expecting continued growth in asset and wealth management, targeting high single-digit annual growth. 
- Cautionary note on forward-looking statements highlights uncertainties in market conditions, regulatory changes, and economic trends. 
- Guidance for full-year tax rate at approximately 22%. 
Next Goldman Sachs earnings date

Next Goldman Sachs earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
One of the leading investment banks
Goldman Sachs is a leading global investment bank, with a history dating back to 1869. The company offers a wide range of financial services to clients, including investment banking, securities trading, and asset management.
The investment banking division
One of Goldman Sachs' primary revenue sources is its investment banking division, which advises clients on mergers and acquisitions, public offerings, and other strategic transactions. The company is known for its expertise in the technology and healthcare sectors, and has been involved in some of the largest mergers and acquisitions in history, including the merger of AOL and Time Warner.
A major player in the securities trading and investing markets
In addition to its investment banking operations, Goldman Sachs is also a major player in the global securities trading and investing markets. The company's trading division is known for its risk management expertise, and Goldman Sachs is one of the largest market makers in the world.
Goldman Sachs’ main competitors
Goldman Sachs operates in a highly competitive financial industry, with other public companies such as JPMorgan Chase, Bank of America, and Morgan Stanley also offering similar services. Goldman Sachs has faced criticism over issues such as its role in the 2008 financial crisis and its ties to controversial clients such as the government of Malaysia.
Interesting facts about Goldman Sachs
- The company's headquarters in New York City features a state-of-the-art fitness center, rooftop garden, and an in-house museum showcasing the company's history. And the company has been named one of the best places to work by several publications, including Fortune and Forbes. 
- Goldman Sachs has also been involved in philanthropic initiatives, including its partnership with the 10,000 Women initiative to support female entrepreneurs around the world. 
- Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free. 
- Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions. 
- Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more. 
Explore our global coverage