Short answer
Goldman Sachs Group (GS) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $15.2B (up 19.6% year over year) with net income of $4.1B.
Q3 2025 key financials · XBRL
- Revenue
- $15.2B
- +19.6% YoY · +4.1% QoQ
- Net income
- $4.1B
- +37.1% YoY · +10.1% QoQ
- EPS (diluted)
- $12.26
- +45.4% YoY · +12.0% QoQ
Source: XBRL data from the Goldman Sachs Group (GS) Q3 2025 10-Q on SEC EDGAR. USD.
Goldman Sachs Group Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $15.18B Q3 2025, up 20% YoY from $12.70B; full 9M revenue $44.83B, up 13% YoY from $39.64B
- Operating expenses $9.45B Q3 2025, up 14% YoY from $8.32B; efficiency ratio improved to 62.3% from 65.5%; 9M efficiency 62.1% vs 64.3% YoY
- Best segment: Global Banking & Markets revenue $10.12B Q3 (+18% YoY), pre-tax earnings $4.30B (+22% YoY), ROE 15.7% vs 13.1% YoY
- Worst segment: Platform Solutions loss narrowed; Q3 net revenue $670M, up 71% YoY (prior losses on GM credit card), pre-tax loss $39M vs loss of $559M YoY, ROE (3.6%) vs (38.8%) YoY
- Cash and capital: Returned $3.25B in Q3 including $2B share repurchases and $1.25B dividends; CET1 ratio 14.3% (Standardized), 15.1% (Advanced); book value per share $353.79, +5.1% vs Dec 2024
- Management outlook: Near-term headwinds include geopolitical risks, inflation, uncertain trade policies and possible U.S. government shutdown; targeting ROE 14-16%, Platform Solutions pre-tax breakeven by year-end 2025
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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