The Goldman Sachs Group, Inc. (GS) FY2025 Annual P&L / Income Statement

Revenue by Geography

2025-01-01 to 2025-12-31

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The Goldman Sachs Group, Inc. (GS) FY2025 Annual P&L / Income StatementIncome statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETAmericasEMEAAsiaTotal net revenuesOperating profit (calculated)Operating expenses (calculated)Total operating expensesProvision for credit lossesPre-tax earningsNet earningsProvision for taxesOperating profit (calculated)Operating profit(calculated)$21.85 BTotal net revenuesTotal net revenues$58.28 BPre-tax earningsPre-tax earnings$21.85 BNet earningsNet earnings$17.18 BAmericasAmericas$36.55 BOperating expenses (calculated)Operating expenses(calculated)$36.43 BProvision for taxesProvision for taxes$4.68 BEMEAEMEA$14.16 BTotal operating expensesTotal operating expenses$37.54 BAsiaAsia$7.58 BProvision for credit lossesProvision for credit losses−$1.11 B
Chart details

The Goldman Sachs Group, Inc. (GS) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total net revenues
58,283,000,000 US dollars
Operating expenses (calculated)
36,431,000,000 US dollars
Operating profit (calculated)
21,852,000,000 US dollars
Other income (expense), net (calculated)
0 US dollars
Pre-tax earnings
21,852,000,000 US dollars
Provision for taxes
4,676,000,000 US dollars
Net earnings
17,176,000,000 US dollars
Americas
36,548,000,000 US dollars
EMEA
14,155,000,000 US dollars
Asia
7,580,000,000 US dollars
Total operating expenses
37,544,000,000 US dollars
Provision for credit losses
negative 1,113,000,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
The Goldman Sachs Group, Inc. (GS) FY2025 Annual Revenue by Geography Sankey chart
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Operating margin

37.5%

Operating profit / revenue

Cash conversion

−262.9%

Operating cash / net income, same period

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