Goldman Sachs Posts $58.3B 2025 Revenue and $17.2B Net Earnings

Goldman Sachs reported net revenues of $58.28 billion and net earnings of $17.18 billion for 2025, delivering a fourth-quarter finish that included $13.45 billion in revenues and $4.62 billion in net earnings. Diluted earnings per share were $51.32 for the year and $14.01 for the fourth quarter. Return on average common shareholders’ equity was 15.0 percent for the year, with an annualized 16.0 percent ROE in the final quarter.

The results mark a continuation of the financial trends management flagged after Investor Day, with the firm saying it grew revenues and improved returns while maintaining disciplined risk management and executing on its strategy. Goldman invited investors and the public to a conference call to discuss results and the outlook, and provided printable earnings and results presentation PDFs for further detail.

For employees, the headline figures matter in tangible ways. Strong net earnings and elevated ROE typically underpin compensation pools, bonus funding, and discretionary investment in hiring and infrastructure. A move toward improved returns suggests leadership priorities will remain focused on businesses that drive efficiency and higher capital returns, which can shift internal resourcing and performance metrics for front-office teams and control functions alike.

The emphasis on disciplined risk management also has operational implications. Risk and compliance teams are likely to remain central to execution as the firm balances growth with capital efficiency. That can translate into continued attention on trade oversight, model governance, and approval processes that affect day-to-day workflows in trading, investment banking, and support functions.

Recruiting and retention are likely to be influenced by the results. Strong year-end profitability can support increased recruiting in strategic areas and justify investments in talent, but management’s focus on execution and returns means hiring will probably align with defined business priorities rather than broad expansion. For junior and midlevel bankers, the timing and size of year-end compensation decisions will be a key near-term development to watch.

Looking ahead, workers should monitor commentary from the firm’s conference call and the detailed PDFs for guidance on business mix, capital allocation and compensation outlook. How management chooses to deploy earnings - through bonuses, reinvestment in growth areas, or capital returns - will determine whether the strong headline results translate into immediate workplace impacts or longer-term strategic shifts.