Goldman Sachs Reports Record Revenue of $15.18 Billion in Q3 2025
Goldman Sachs posted record revenue in the third quarter amid a rebound in deal-making activity that pushed investment banking fees above expectations.
In a statement released Tuesday, the bank said its investment banking fees reached $2.66 billion, surpassing analysts’ estimates of $2.18 billion. Total revenue came in at $15.18 billion, marking the highest quarterly figure in the bank’s history and the third-highest overall.
Fixed income traders generated $3.47 billion in revenue, coming close to the bank’s leading equities trading unit, which brought in $3.74 billion, slightly below forecasts after two consecutive quarters of strong performance.
Trading activity has remained elevated since U.S. President Donald Trump took office, introducing a series of tariff policies that have fueled volatility across stock, currency, and bond markets
