Goldman Sachs reports 15% profit growth in Q1 2025

GlobalData

Tue, Apr 15, 2025, 5:26 AM 1 min read

Goldman Sachs Group has reported nett net of $4.74bn for the archetypal 4th (Q1) of 2025, marking a 15% summation from $4.13bn successful Q1 2024.

Net revenues for Q1 2025 reached $15.06bn, up 6% from $14.21bn successful the aforesaid 4th of the anterior year.

The maturation was driven by higher nett revenues successful planetary banking and markets, which outweighed the flimsy diminution successful plus and wealthiness absorption revenues.

In Q1 2025, plus and wealthiness absorption nett revenues were $3.68bn, down 3% from Q1 2024.

Net revenues successful Global Banking & Markets were 10% higher year-on-year astatine $10.71bn, benefitting from maturation successful Equities.

For the 4th ended 31 March 2025, diluted net per stock (EPS) were $14.12, compared with $11.58 successful the erstwhile year.

Higher transaction and compensation costs led to operating expenses of $9.13bn successful Q1 2025, a 5% summation from Q1 2024.

Goldman Sachs president and CEO David Solomon said: “Our beardown results this 4th person demonstrated that successful times of large uncertainty, clients crook to Goldman Sachs for execution and insight.

“While we are entering the 2nd 4th with a markedly antithetic operating situation than earlier this year, we stay assured successful our quality to proceed to enactment our clients.”

Recently, Dubai's Mashreq banking radical partnered with Goldman Sachs Asset Management for discretionary services.