Goldman Sachs reported a sharp rise in fourth-quarter profit, driven by robust dealmaking activity, strong trading revenues, and a one-time gain from exiting its Apple credit card partnership. Equity trading hit record levels, while fixed income revenues also grew. The results highlight Goldman’s resilience amid market volatility and global uncertainty.
Goldman Sachs has posted stronger-than-expected Q4 2025 results, underscoring its ability to capitalize on volatile markets and heightened dealmaking activity. The bank’s equity traders benefited from a rally in U.S. markets, while fixed income, currencies, and commodities trading also delivered solid growth.
Key Highlights
- Equity trading revenue surged to a record $4.31 billion, up from $3.45 billion a year earlier.
- Fixed income, currencies, and commodities trading revenue climbed 12.5% to $3.11 billion.
- A one-time gain from exiting its Apple credit card partnership added 46 cents per share to results.
- Earnings per share came in at $14.01, topping analyst estimates of $11.67.
- Total revenue stood at $13.45 billion, slightly below expectations but supported by strong trading and asset management.
- Goldman continues to benefit from investor speculation on Federal Reserve policy and AI-driven market opportunities.
Sources: Reuters, CNBC, Goldman Sachs Earnings Release