NYSE$GS
Goldman Sachs Group Inc · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Goldman Sachs reported Q1 2025 net revenues of $15.1B with net earnings of $4.74B and diluted EPS of $14.12.
Net revenues were $15.1 billion for the quarter ended March 31, 2025, as Global Banking & Markets and Asset & Wealth Management drove results. Net earnings were $4.74 billion; diluted EPS was $14.12 versus $11.58 a year ago. Net interest income rose to $2.90 billion while market-making revenues moderated.
- Q1 net revenues $15.1B; net earnings $4.74B.
- Diluted EPS $14.12 (+22% YoY).
- Net interest income $2.90B; investment banking $1.92B.
- Compensation and benefits $4.88B; pre-tax earnings $5.65B.
Headline financials
Revenue & EPS history
Goldman Sachs · Revenue · Quarterly
$15.1B
Revenue by segment
Goldman Sachs · $10.9B total across 3 segments · Q2 2023
- Global Banking & Markets$7.19B-13.8%66.0%
- Asset & Wealth Mgmt$3.05B-4.2%28.0%
- Platform Solutions$659M+92.1%6.0%
Forward guidance
Investment banks face volatile trading and banking fees; capital returns depend on regulatory CCAR outcomes.
Tailwinds
- Higher net interest income and wealth management fees.
- Strong balance sheet supports buybacks and dividends.
Headwinds
- Market-making and IB revenues sensitive to risk appetite.
- Regulatory capital rules cap payout flexibility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+4.1%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+10.7%
Q4 2018
Best reaction
-8.8%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +5.5% | +2.0% | +5.2% | |
| Q1 2026 | -1.0% | +2.0% | +5.2% | |
| Q3 2025 | -2.4% | -4.6% | +2.4% | |
| Q2 2025 | +0.3% | -3.1% | +4.7% | |
| Q1 2025 | +1.9% | +3.0% | +23.7% | |
| Q4 2024 | +7.3% | +9.5% | +15.6% | |
| Q3 2024 | +1.4% | +1.1% | +12.6% | |
| Q2 2024 | +4.8% | +1.1% | +3.9% | |
| Q1 2024 | +1.9% | +3.7% | +19.7% | |
| Q4 2023 | -0.2% | +1.2% | +2.0% | |
| Q3 2023 | -4.0% | -4.6% | +7.1% | |
| Q2 2023 | +4.0% | +6.4% | -3.7% | |
| Q1 2023 | -0.8% | +0.6% | -3.0% | |
| Q4 2022 | -6.7% | -8.6% | -1.0% | |
| Q3 2022 | +1.6% | +6.0% | +23.8% | |
| Q2 2022 | +8.2% | +10.2% | +20.4% | |
| Q1 2022 | +2.5% | +4.3% | -4.7% | |
| Q4 2021 | -8.8% | -9.7% | -8.4% | |
| Q3 2021 | +5.7% | +4.3% | +3.5% | |
| Q2 2021 | -1.6% | -4.1% | +9.1% | |
| Q1 2021 | +3.3% | +4.7% | +12.5% | |
| Q4 2020 | -3.5% | -3.9% | +3.0% | |
| Q3 2020 | -1.0% | -2.4% | +3.9% | |
| Q2 2020 | +0.3% | -1.1% | -2.8% | |
| Q1 2020 | -0.7% | +1.2% | -3.6% | |
| Q4 2019 | +1.7% | +1.5% | -3.5% | |
| Q3 2019 | +0.8% | +0.3% | +6.6% | |
| Q2 2019 | +0.8% | +0.9% | -7.3% | |
| Q1 2019 | -2.9% | -0.9% | -5.5% | |
| Q4 2018 | +10.7% | +12.6% | +10.3% | |
| Q3 2018 | +6.1% | +5.5% | -5.3% | |
| Q2 2018 | -0.1% | +0.1% | +0.7% | |
| Q1 2018 | -1.5% | -2.3% | -7.3% | |
| Q4 2017 | -2.9% | +1.2% | +3.5% | |
| Q3 2017 | -0.2% | +1.0% | -1.3% | |
| Q2 2017 | -2.8% | -4.0% | -3.4% | |
| Q1 2017 | -5.4% | -4.2% | -4.9% | |
| Q4 2016 | -1.8% | -1.3% | +6.2% | |
| Q3 2016 | +3.3% | +3.4% | +24.0% | |
| Q2 2016 | -1.0% | -1.8% | +1.7% | |
| Q1 2016 | +5.0% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +3.2% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | -6.2% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2009 | -1.3% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q4 2007 | +1.5% | — | — | |
| Q3 2008 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q2 2008 | +1.0% | — | — | |
| Q2 2009 | +1.0% | — | — | |
| Q4 2008 | +1.0% | — | — |
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