Global Banking Markets was Goldman Sachs’s largest segment in fiscal 2025, bringing in $497.44B of $699.40B (71%).
| Segment | FY 2009 | FY 2010 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Banking Markets | $389.84B | $359.93B | $420.80B | $497.44B | |||||||
| Institutional Client Services | — | — | — | — | |||||||
| Asset Wealth Management | $160.51B | $170.42B | $195.79B | $200.15B | |||||||
| Global Markets | — | — | — | — | |||||||
| Asset Management | — | — | — | — | |||||||
| Investment Banking | — | — | — | — | |||||||
| Investing & Lending | — | — | — | — | |||||||
| Consumer Wealth Management | — | — | — | — | |||||||
| Investment Management | — | — | — | — | |||||||
| Platform Solutions | $18.02B | $24.70B | $25.55B | $1.81B | |||||||
| Total | $568.38B | $555.05B | $642.14B | $699.40B |
Goldman Sachs brought in $699.40B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 8.9% from $642.14B in fiscal 2024. Global Banking Markets was the largest at $497.44B (71.1%), ahead of Asset Wealth Management at $200.15B (28.6%) and Platform Solutions at $1.81B (0.3%).
Compared with fiscal 2024, Global Banking Markets grew 18.2% to $497.44B and Asset Wealth Management grew 2.2% to $200.15B. From fiscal 2022 to 2025, combined revenue from these segments grew from $568.38B to $699.40B, a compound annual growth rate of 7.2%. Global Banking Markets' share of the total rose from 68.6% to 71.1%.
Americas was Goldman Sachs’s largest region in fiscal 2025, bringing in $438.58B of $699.40B (63%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $344.03B | $352.02B | $413.38B | $438.58B | |||||||||||||
| Net Revenues | — | — | — | — | |||||||||||||
| Emea | $154.32B | $140.93B | $147.00B | $169.86B | |||||||||||||
| Europe, Middle East & Africa | — | — | — | — | |||||||||||||
| Segment Geographical Groups Of Countries Group Three | — | — | — | — | |||||||||||||
| Asia | $70.03B | $62.10B | $81.77B | $90.96B | |||||||||||||
| Total | $568.38B | $555.05B | $642.14B | $699.40B |
Goldman Sachs brought in $699.40B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 8.9% from $642.14B in fiscal 2024. Americas was the largest at $438.58B (62.7%), ahead of Emea at $169.86B (24.3%) and Asia at $90.96B (13.0%).
Compared with fiscal 2024, Emea grew fastest, up 15.6% to $169.86B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $568.38B to $699.40B, a compound annual growth rate of 7.2%. Americas' share of the total rose from 60.5% to 62.7%.
Goldman Sachs (GS) reports its revenue by segment and by geography. In fiscal 2025, Global Banking Markets was its largest segment, bringing in $497.44B (71.1% of the total), followed by Asset Wealth Management at $200.15B (28.6%).
Global Banking Markets was Goldman Sachs' largest segment in fiscal 2025, bringing in $497.44B, or 71.1% of the $699.40B total across its three segments.
Americas was Goldman Sachs' largest region in fiscal 2025, bringing in $438.58B, or 62.7% of the $699.40B total across its three regions.
Global Banking Markets grew faster than Asset Wealth Management in fiscal 2025, up 18.2% from $420.80B to $497.44B. Asset Wealth Management grew 2.2% to $200.15B.
Every figure comes from Goldman Sachs' annual financial filings, as reported. Each line keeps the name Goldman Sachs gives it, and years follow its fiscal calendar.
Goldman Sachs' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.