Goldman Sachs: Goldman Sachs reports 15% profit growth in Q1 2025

Goldman Sachs's operating expenses were $9.13bn in Q1 2025 · Private Banker International In This Article: Goldman Sachs Group has reported net earnings of $4.74bn for the first quarter (Q1) of 2025, marking a 15% increase from $4.13bn in Q1 2024. Net revenues for Q1 2025 reached $15.06bn, up 6% from $14.21bn in the same quarter of the prior year. The growth was driven by higher net revenues in global banking and markets, which outweighed the slight decline in asset and wealth management revenues. In Q1 2025, asset and wealth management net revenues were $3.68bn, down 3% from Q1 2024. Net revenues in Global Banking & Markets were 10% higher year-on-year at $10.71bn, benefitting from growth in Equities. For the quarter ended 31 March 2025, diluted earnings per share (EPS) were $14.12, compared with $11.58 in the previous year. Higher transaction and compensation costs led to operating expenses of $9.13bn in Q1 2025, a 5% increase from Q1 2024. Goldman Sachs chairman and CEO David Solomon said: "Our strong results this quarter have demonstrated that in times of great uncertainty, clients turn to Goldman Sachs for execution and insight. "While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients." Recently, Dubai's Mashreq banking group partnered with Goldman Sachs Asset Management for discretionary services. "Goldman Sachs reports 15% profit growth in Q1 2025" was originally created and published by Private Banker International , a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.