FINHUB Insights

GS · Q4 FY25 · Oct 1 – Dec 31, 2025

Goldman Sachs Q4 FY25: where the revenue came from and where it went

Goldman Sachs Q4 FY25: revenue $13.5B (−3% year over year). Net profit $4.6B. Largest cohort Americas $7.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 25, 2026 10-K
Sankey diagram of Goldman Sachs's income statement for Q4 FY25: revenue of $13.45 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$13.45B −3% year over year
Operating profit$5.86B 44% margin
Net profit$4.62B 34% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 13.45 100% −3%
Americas 7.68 57% −16%
EMEA 3.69 27% +33%
Asia 2.08 15% +4%
Compensation−4.6735%+0pp
Occupancy−0.252%+0pp
Professional services−0.474%+0pp
Technology−0.594%+0pp
Interest−1.6212%+0pp
Operating profit5.8644% margin+6pp
Tax−1.24
Net profit4.6234%+5pp
Filing on EDGAR More quarters of GS

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.