Goldman Sachs Group Inc (NYSE: GS) is a financial services company that operates across investment banking, securities, asset management, and consumer banking. It earns revenue through advisory and underwriting fees, trading gains, asset and wealth management fees, and interest income from lending and credit products. The 10-K for the fiscal year ended December 31, 2025 (filed 2026-02-25) identifies three reporting segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. Global Banking & Markets covers investment banking advisory, equity and debt underwriting, and market-making across fixed income, currencies, commodities, and equities. Asset & Wealth Management covers institutional and high-net-worth client portfolios, fund management, and financial planning. Platform Solutions covers consumer-oriented credit and transaction banking products.

Revenue model

Fee-based revenue from investment banking advisory and underwriting, trading revenue from market-making, management and incentive fees from asset and wealth management, and net interest income from lending and credit products across three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions (FY2025, per 10-K filed 2026-02-25).

Products and services

Investment banking advisory, equity and debt underwriting, fixed income and equity market-making, currencies and commodities trading, asset management, wealth management, transaction banking, and consumer credit products (per 10-K filed 2026-02-25, FY2025).

Customers and end markets

Institutional investors, corporations, governments, high-net-worth and ultra-high-net-worth individuals, and consumers through Platform Solutions credit products (per 10-K filed 2026-02-25, FY2025).

Value-chain role

Financial intermediary, capital markets facilitator, asset manager, and credit provider.

Geographic exposure

Not specified with segment-level geographic revenue breakdowns in the available filing excerpts.

Source: SEC 10-K, filed 2026-02-25

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