The Goldman Sachs Group, Inc. (GS) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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GS Revenue Growth
Revenue Breakdown (FY 2024)
GS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
GS Revenue Analysis (2013–2024)
As of May 6, 2026, The Goldman Sachs Group, Inc. (GS) generated trailing twelve-month (TTM) revenue of $127.21 billion, reflecting modest growth of +2.0% year-over-year. The most recent quarter (Q3 2025) recorded $32.15 billion in revenue, up 2.8% sequentially.
Looking at the longer-term picture, GS's 5-year compound annual growth rate (CAGR) stands at +18.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $126.85 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows GS's business is primarily driven by Global Markets (65%), Investment Management (30%), and Platform Solutions (5%). With over half of revenue concentrated in Global Markets, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including MS, JPM, and BAC. Compare GS vs MS →
GS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GSCurrent | $127.2B | +2.0% | +18.7% | 14.5% | |
 MS | $103.1B | - | - | 17.1% | |
 JPM | $270.8B | - | - | 27.7% | |
 BAC | $188.8B | - | - | 18.5% | |
 C | $170.7B | - | - | 10.0% | |
 BX | $13.8B | - | - | 51.9% |
GS Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $126.85B | - | $52.16B | 41.1% | $18.40B | 14.5% |
| 2023 | $108.42B | - | $45.23B | 41.7% | $10.74B | 9.9% |
| 2022 | $68.71B | - | $44.65B | 65.0% | $13.49B | 19.6% |
| 2021 | $64.99B | - | $58.98B | 90.8% | $27.04B | 41.6% |
| 2020 | $53.50B | - | $41.46B | 77.5% | $12.48B | 23.3% |
| 2019 | $53.90B | - | $35.46B | 65.8% | $10.58B | 19.6% |
| 2018 | $52.37B | - | $35.78B | 68.3% | $12.48B | 23.8% |
| 2017 | $42.80B | - | $31.96B | 74.7% | $11.13B | 26.0% |
| 2016 | $37.89B | - | $30.61B | 80.8% | $10.30B | 27.2% |
| 2015 | $39.17B | - | $33.79B | 86.2% | $8.78B | 22.4% |
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Start ComparisonGS — Frequently Asked Questions
Quick answers to the most common questions about buying GS stock.
Is GS's revenue growth accelerating or slowing?
GS revenue growth slowed to +2.0%, below the 5-year CAGR of +18.7%. TTM revenue is $127.2B. The deceleration marks a shift from historical growth rates.
What is GS's long-term revenue growth rate?
The Goldman Sachs Group, Inc.'s 5-year revenue CAGR of +18.7% reflects the variable expansion pattern. Current YoY growth of +2.0% is near this long-term average.
How is GS's revenue distributed by segment?
GS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.