A Closer Look at Goldman Sachs’ Q4 2025 Performance
Goldman Sachs recently wrapped up its Q4 reporting season with impressive results across various sectors. While other big banks highlighted stellar performances in different areas, Goldman Sachs stood out for its success in the European market.
Geographical Revenue Breakdown
Goldman Sachs broke down its revenue by geography, showing stability throughout the year. The Americas accounted for around 63% of revenue, EMEA for 24%, and Asia for 13%. However, the final quarter brought about some significant changes.
In Q4, revenue from the Americas saw a 15% decline, dropping from $9.1bn to $7.7bn. In contrast, EMEA revenue surged by 33%, reaching $3.7bn from $2.8bn. These shifts led to changes in market shares as well, with the Americas dropping to 57%, EMEA rising to 27%, and Asia slightly increasing to 16%.
Segment Performance
Goldman Sachs’ investment banking sector saw positive growth, with M&A revenue increasing by 34%, ECM revenue by 6%, and DCM revenue by 12% compared to the previous year. While these numbers were commendable, they were overshadowed by competitors like Citi and Morgan Stanley in certain segments.
Notably, Goldman Sachs’ equities traders emerged as the stars of the firm, achieving record-breaking revenues in Wall Street history. Their performance in Q4 of 2025 outshined the previous quarter and showcased a remarkable 25% growth compared to 2024.
On the other hand, the fixed income, currencies, and commodities sector saw a modest 8.9% revenue increase in 2025, lagging behind other banks. Goldman attributed this performance to challenges within its credit team throughout the year.
Overall Yearly Performance
Despite some setbacks, Goldman Sachs had a successful year overall. The bank’s headcount grew to 47,400 employees, up by 900 from the previous year. Additionally, the average pay per employee rose to $399k from $359k, hinting at substantial bonuses for the staff.
As the year wrapped up, Goldman Sachs remained optimistic about its future prospects, poised for continued growth and success in the financial industry.
