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This statistic highlights Goldman Sachs’ Revenue by Segment, split across Asset Management, Consumer and Wealth Management, Global markets, and Investment Banking, reported quarterly from Q1 2016 onwards.
Goldman Sachs’ Revenue by Segment:
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals.
Segment | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Revenue mix by Q3 2022 |
Asset management | $2.28 | $2.89 | $0.55 | $1.08 | $1.82 | 15% |
Consumer & Wealth Management | $2.02 | $1.97 | $2.10 | $2.18 | $2.38 | 20% |
Global Markets | $5.61 | $3.99 | $7.87 | $6.47 | $6.00 | 52% |
Investment Banking | $3.70 | $3.80 | $2.41 | $2.14 | $1.58 | 13% |
Total | $13.61 | $12.64 | $12.93 | $11.86 | $11.98 | 100% |
(All figures are in billions, except percentages)
Earlier in Q3 2021, the company had total revenue of $13.61 billion, earning from all segments (Asset management, Consumer & Wealth Management, Global Markets, and Investment Banking). During the next year’s Q3 2022, company revenue from the segment declined to $11.98 billion. This shows that on a YoY basis, the company’s revenue drops by 12%.
Asset Management:
In this segment, the company’s revenue fluctuates greatly by segment. In Q3 2021, the corporation had revenue of $2.28 billion, but by Q3 2022, that amount had dropped to $1.82 billion. This demonstrates a 20.17% decline in this segment’s revenue. This Segment contributes 15% to the revenue in Q3 2022.
Consumer & Wealth Management:
Revenue from this segment is constantly increasing from Q4 2022. In Q3 2021, the corporation had revenue of $2.02 billion, but by Q3 2022, that amount had grown to $2.38 billion. This demonstrates a 17.82% rise in the company’s revenue in this segment. This segment contributed 20% to the revenue in Q3 2022.
Global Markets:
Global Markets has the highest contribution to the company’s Revenue. This segment contributes 52%, which is almost half of the company’s revenue. The company’s revenue fluctuates significantly in this segment.
In Q4 2021, the corporation had revenue of $3.99 billion, but by Q3 2022, that amount had grown to $6 billion. This demonstrates a 50% increase in the company’s revenue in this segment.
Investment Banking:
Revenue from this segment is constantly decreasing from Q4 2022. In Q3 2021, the corporation had revenue of $3.80 billion, but by Q3 2022, that amount had dropped to $1.58 billion. This demonstrates a huge 58.40% decline in this segment’s revenue. This segment contributes 13% to the revenue in Q3 2022.
About Goldman Sachs Group Inc.:
A worldwide American investment bank and provider of financial services, Goldman Sachs was founded in 1869. Global Banking & Markets, Asset & Wealth Management, and Platform Solutions are the three business segments that Goldman Sachs oversees and reports its operations under. The goal of the company is to support sustainable economic growth and financial opportunity. Through their One Goldman Sachs initiative, they want to offer the full range of services and expertise to assist clients in a more approachable, thorough, and efficient manner across businesses and product categories.
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