Goldman Sachs Group, Inc. (the) — Q4 2025 Earnings Presentation

4 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Jan 15, 2026

Slide 1: 2025 Global Banking & Markets
2025 Global Banking & Markets $ 41.45 billion Advisory $ 4.73 billion Equity underwriting $ 1.78 billion Debt underwriting $ 2.83 billion Investment banking fees $ 9.34 billion FICC intermediation $ 10.27 billion FICC financing $ 4.25 billion FICC $ 14.52 billion Equities intermediation $ 9.34 billi
Slide 2: 4Q25 Global Banking & Markets
4Q25 Global Banking & Markets $ 10.41 billion Advisory $ 1.36 billion Equity underwriting $ 521 million Debt underwriting $ 700 million Investment banking fees $ 2.58 billion FICC intermediation $ 2.02 billion FICC financing $ 1.09 billion FICC $ 3.11 billion Equities intermediation $ 2.18 billion E
Slide 3: 2025 Asset & Wealth Management
2025 Asset & Wealth Management $ 16.68 billion Management and other fees $ 11.54 billion Incentive fees $ 489 million Private banking and lending $ 3.35 billion Investments $ 1.31 billion 3 Goldman Sachs Reports Full Year and Fourth Quarter 2025 Earnings Results The Goldman Sachs Group, Inc. and Sub
Slide 4: 4Q25 Asset & Wealth Management
4Q25 Asset & Wealth Management $ 4.72 billion Management and other fees $ 3.09 billion Incentive fees $ 181 million Private banking and lending $ 776 million Investments $ 670 million Platform Solutions