GOLDMAN SACHS GROUP INC
For the period ended Jan 7, 2026. Filed Jan 8, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jan 7, 2026 · Filed Jan 8, 2026
Use the contents to explore the available documents and sections.
GS$865.82-0.4%Stored close · as of Nov 6, 2026
Contents
Platform Solutions, which is comprised of:
Activities related to issuing credit cards to and raising deposits from Apple Card customers, as well as results
from activities related to Platform Solutions businesses that have been exited. See Item 2.02 for information on
Apple Card.
| THREE MONTHS ENDED | |||
|---|---|---|---|
| SEPTEMBER 30, | JUNE 30, | MARCH 31, | |
| 2025 | 2025 | 2025 | |
| GLOBAL BANKING & MARKETS | |||
| Advisory | $1,404 | $1,174 | $792 |
| Equity underwriting | 465 | 428 | 370 |
| Debt underwriting | 788 | 589 | 752 |
| Investment banking fees | 2,657 | 2,191 | 1,914 |
| FICC intermediation | 2,437 | 2,423 | 3,390 |
| FICC financing | 1,056 | 1,064 | 1,045 |
| FICC | 3,493 | 3,487 | 4,435 |
| Equities intermediation | 2,020 | 2,595 | 2,547 |
| Equities financing | 1,716 | 1,706 | 1,645 |
| Equities | 3,736 | 4,301 | 4,192 |
| Other | 282 | 154 | 200 |
| Net revenues | 10,168 | 10,133 | 10,741 |
| Provision for credit losses | 82 | 173 | 66 |
| Operating expenses | 5,828 | 5,885 | 5,924 |
| Pre-tax earnings | $4,258 | $4,075 | $4,751 |
| ASSET & WEALTH MANAGEMENT | |||
| Management and other fees | $2,943 | $2,802 | $2,701 |
| Incentive fees | 76 | 103 | 129 |
| Private banking and lending | 1,057 | 789 | 725 |
| Investments | 342 | 137 | 156 |
| Net revenues | 4,418 | 3,831 | 3,711 |
| Provision for credit losses | (29) | (96) | 18 |
| Operating expenses | 3,291 | 3,015 | 2,856 |
| Pre-tax earnings | $1,156 | $912 | $837 |
| PLATFORM SOLUTIONS | |||
| Net revenues | $598 | $619 | $610 |
| Provision for credit losses | 286 | 307 | 203 |
| Operating expenses | 334 | 341 | 348 |
| Pre-tax earnings/(loss) | $(22) | $(29) | $59 |
| TOTAL | |||
| Net revenues | $15,184 | $14,583 | $15,062 |
| Provision for credit losses | 339 | 384 | 287 |
| Operating expenses | 9,453 | 9,241 | 9,128 |
| Pre-tax earnings | $5,392 | $4,958 | $5,647 |
| THREE MONTHS ENDED | ||||
|---|---|---|---|---|
| DECEMBER 31, | SEPTEMBER 30, | JUNE 30, | MARCH 31, | |
| 2024 | 2024 | 2024 | 2024 | |
| GLOBAL BANKING & MARKETS | ||||
| Advisory | $960 | $875 | $688 | $1,011 |
| Equity underwriting | 499 | 385 | 423 | 370 |
| Debt underwriting | 595 | 605 | 622 | 699 |
| Investment banking fees | 2,054 | 1,865 | 1,733 | 2,080 |
| FICC intermediation | 1,750 | 2,013 | 2,330 | 3,471 |
| FICC financing | 1,012 | 986 | 897 | 883 |
| FICC | 2,762 | 2,999 | 3,227 | 4,354 |
| Equities intermediation | 1,954 | 2,208 | 1,786 | 1,989 |
| Equities financing | 1,499 | 1,291 | 1,383 | 1,322 |
| Equities | 3,453 | 3,499 | 3,169 | 3,311 |
| Other | 239 | 202 | 134 | (14) |
| Net revenues | 8,508 | 8,565 | 8,263 | 9,731 |
| Provision for credit losses | (43) | 62 | (44) | 109 |
| Operating expenses | 4,896 | 5,072 | 5,210 | 5,276 |
| Pre-tax earnings | $3,655 | $3,431 | $3,097 | $4,346 |
| ASSET & WEALTH MANAGEMENT | ||||
| Management and other fees | $2,815 | $2,617 | $2,534 | $2,449 |
| Incentive fees | 174 | 85 | 46 | 88 |
| Private banking and lending | 736 | 756 | 707 | 682 |
| Investments | 1,044 | 358 | 576 | 649 |
| Net revenues | 4,769 | 3,816 | 3,863 | 3,868 |
| Provision for credit losses | (56) | (118) | (70) | (36) |
| Operating expenses | 2,989 | 2,835 | 2,985 | 2,922 |
| Pre-tax earnings | $1,836 | $1,099 | $948 | $982 |
| PLATFORM SOLUTIONS | ||||
| Net revenues | $592 | $318 | $605 | $614 |
| Provision for credit losses | 450 | 453 | 396 | 245 |
| Operating expenses | 376 | 408 | 338 | 460 |
| Pre-tax earnings/(loss) | $(234) | $(543) | $(129) | $(91) |
| TOTAL | ||||
| Net revenues | $13,869 | $12,699 | $12,731 | $14,213 |
| Provision for credit losses | 351 | 397 | 282 | 318 |
| Operating expenses | 8,261 | 8,315 | 8,533 | 8,658 |
| Pre-tax earnings | $5,257 | $3,987 | $3,916 | $5,237 |
| THREE MONTHS ENDED | ||||
|---|---|---|---|---|
| DECEMBER 31, | SEPTEMBER 30, | JUNE 30, | MARCH 31, | |
| 2023 | 2023 | 2023 | 2023 | |
| GLOBAL BANKING & MARKETS | ||||
| Advisory | $1,005 | $831 | $645 | $818 |
| Equity underwriting | 252 | 308 | 338 | 255 |
| Debt underwriting | 394 | 415 | 448 | 506 |
| Investment banking fees | 1,651 | 1,554 | 1,431 | 1,579 |
| FICC intermediation | 1,295 | 2,654 | 2,090 | 3,279 |
| FICC financing | 767 | 761 | 639 | 665 |
| FICC | 2,062 | 3,415 | 2,729 | 3,944 |
| Equities intermediation | 1,502 | 1,713 | 1,533 | 1,741 |
| Equities financing | 1,105 | 1,248 | 1,433 | 1,274 |
| Equities | 2,607 | 2,961 | 2,966 | 3,015 |
| Other | 50 | 50 | 50 | (70) |
| Net revenues | 6,370 | 7,980 | 7,176 | 8,468 |
| Provision for credit losses | 191 | 45 | 60 | 134 |
| Operating expenses | 4,558 | 4,897 | 4,368 | 4,741 |
| Pre-tax earnings | $1,621 | $3,038 | $2,748 | $3,593 |
| ASSET & WEALTH MANAGEMENT | ||||
| Management and other fees | $2,443 | $2,403 | $2,351 | $2,280 |
| Incentive fees | 59 | 23 | 26 | 53 |
| Private banking and lending | 661 | 687 | 874 | 354 |
| Investments | 1,282 | 229 | (103) | 580 |
| Net revenues | 4,445 | 3,342 | 3,148 | 3,267 |
| Provision for credit losses | (13) | 34 | 11 | (571) |
| Operating expenses | 3,566 | 2,992 | 3,262 | 3,158 |
| Pre-tax earnings/(loss) | $892 | $316 | $(125) | $680 |
| PLATFORM SOLUTIONS | ||||
| Net revenues | $503 | $495 | $571 | $489 |
| Provision for credit losses | 399 | (72) | 544 | 266 |
| Operating expenses | 363 | 1,165 | 914 | 503 |
| Pre-tax earnings/(loss) | $(259) | $(598) | $(887) | $(280) |
| TOTAL | ||||
| Net revenues | $11,318 | $11,817 | $10,895 | $12,224 |
| Provision for credit losses | 577 | 7 | 615 | (171) |
| Operating expenses | 8,487 | 9,054 | 8,544 | 8,402 |
| Pre-tax earnings | $2,254 | $2,756 | $1,736 | $3,993 |
| NINE MONTHS · YEAR ENDED | |||||
|---|---|---|---|---|---|
| SEPTEMBER 30, | DECEMBER 31, | DECEMBER 31, | DECEMBER 31, | DECEMBER 31, | |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| GLOBAL BANKING & MARKETS | |||||
| Advisory | $3,370 | $3,534 | $3,299 | $4,704 | $5,653 |
| Equity underwriting | 1,263 | 1,677 | 1,153 | 848 | 4,985 |
| Debt underwriting | 2,129 | 2,521 | 1,763 | 1,808 | 3,497 |
| Investment banking fees | 6,762 | 7,732 | 6,215 | 7,360 | 14,135 |
| FICC intermediation | 8,250 | 9,564 | 9,318 | 11,890 | 8,714 |
| FICC financing | 3,165 | 3,778 | 2,832 | 2,873 | 2,006 |
| FICC | 11,415 | 13,342 | 12,150 | 14,763 | 10,720 |
| Equities intermediation | 7,162 | 7,937 | 6,489 | 6,662 | 7,707 |
| Equities financing | 5,067 | 5,495 | 5,060 | 4,326 | 4,015 |
| Equities | 12,229 | 13,432 | 11,549 | 10,988 | 11,722 |
| Other | 636 | 561 | 80 | (316) | 386 |
| Net revenues | 31,042 | 35,067 | 29,994 | 32,795 | 36,963 |
| Provision for credit losses | 321 | 84 | 430 | 493 | (151) |
| Operating expenses | 17,637 | 20,454 | 18,564 | 18,150 | 19,770 |
| Pre-tax earnings | $13,084 | $14,529 | $11,000 | $14,152 | $17,344 |
| ASSET & WEALTH MANAGEMENT | |||||
| Management and other fees | $8,446 | $10,415 | $9,477 | $8,771 | $7,743 |
| Incentive fees | 308 | 393 | 161 | 359 | 616 |
| Private banking and lending | 2,571 | 2,881 | 2,576 | 2,458 | 1,661 |
| Investments | 635 | 2,627 | 1,988 | 1,801 | 11,928 |
| Net revenues | 11,960 | 16,316 | 14,202 | 13,389 | 21,948 |
| Provision for credit losses | (107) | (280) | (539) | 494 | (189) |
| Operating expenses | 9,162 | 11,731 | 12,978 | 11,505 | 11,364 |
| Pre-tax earnings | $2,905 | $4,865 | $1,763 | $1,390 | $10,773 |
| PLATFORM SOLUTIONS | |||||
| Net revenues | $1,827 | $2,129 | $2,058 | $1,181 | $428 |
| Provision for credit losses | 796 | 1,544 | 1,137 | 1,728 | 697 |
| Operating expenses | 1,023 | 1,582 | 2,945 | 1,509 | 804 |
| Pre-tax earnings/(loss) | $8 | $(997) | $(2,024) | $(2,056) | $(1,073) |
| TOTAL | |||||
| Net revenues | $44,829 | $53,512 | $46,254 | $47,365 | $59,339 |
| Provision for credit losses | 1,010 | 1,348 | 1,028 | 2,715 | 357 |
| Operating expenses | 27,822 | 33,767 | 34,487 | 31,164 | 31,938 |
| Pre-tax earnings | $15,997 | $18,397 | $10,739 | $13,486 | $27,044 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.