"Goldman Sachs delivered robust earnings for the third quarter of 2025, posting numbers that exceeded analyst expectations and reflected a sharp recovery in capital markets activity, investment banking, and wealth management. Net revenues for the period were $15.18 billion, representing a 20% jump compared to the same quarter last year and a record for the investment bank, while net earnings soared 37% to $4.1 billion."
"A strong resurgence in dealmaking propelled investment banking fees to $2.66 billion, a staggering 42% increase year-over-year. The firm cited "a significant increase in completed mergers and acquisitions volumes, and in debt underwriting, primarily driven by an increase in leveraged finance activity." Advisory fees saw a remarkable 60% rise, while trading desks profited from renewed investor interest and portfolio rebalancing."
Goldman Sachs reported third-quarter 2025 net revenues of $15.18 billion, a 20% increase year-over-year and a record for the investment bank, with net earnings of $4.1 billion, a 37% rise. Diluted EPS reached $12.25 versus $8.40 a year earlier. Investment banking fees climbed to $2.66 billion, up 42%, led by higher M&A volumes, debt underwriting and leveraged finance; advisory fees rose 60%. Equities trading revenue increased 7% to $3.74 billion amid AI-driven market highs and policy shifts. Asset & Wealth Management revenues were $4.4 billion, up 17%, driven by higher management fees, private banking, and higher assets under supervision. CEO David Solomon emphasized client franchise strength, strategic priorities, and continued focus on risk management and longer-term operational priorities.
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