Quarterly Earnings

Goldman Sachs Reports 2025 Second Quarter Earnings Per Common Share of $10.91 and Annualized Return on Common Equity of 12.8%

Jul 16, 2025
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NEW YORK, July 16, 2025 – The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $14.58 billion and net earnings of $3.72 billion for the second quarter ended June 30, 2025. Diluted earnings per common share (EPS) was $10.91 and annualized return on average common shareholders’ equity (ROE) was 12.8% for the second quarter of 2025. 

Please view printable versions of the Second Quarter 2025 Earnings Results [PDF] and the Second Quarter 2025 Earnings Results Presentation [PDF].

David Solomon, Chairman and CEO of Goldman Sachs, said, “Our strong results for the quarter reflected healthy client activity levels across our businesses, our differentiated franchise positions and the talent and commitment of our people. At this time, the economy and markets are generally responding positively to the evolving policy environment. But as developments rarely unfold in a straight line, we remain very focused on risk management. Given the strategic decisions and investments we’ve made, we continue to believe that the firm is well positioned to perform for our shareholders.”

A conference call to discuss the firm’s financial results, outlook and related matters will be held at 9:30 am (ET) on the date noted above. The call will be open to the public.

Members of the public who would like to listen to the conference call should dial +1-800-289-0459 (in the U.S.) and +1-323-794-2095 (outside the U.S.) passcode number 7042022. The number should be dialed at least 10 minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the website, www.goldmansachs.com/investor-relations. There is no charge to access the call. For those unable to listen to the live broadcast, a replay will be available on our website beginning approximately three hours after the event.

Please direct any questions regarding obtaining access to the conference call to Goldman Sachs Investor Relations, via e-mail, at gs-investor-relations@gs.com.

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