Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington, October 30, 2025.
Kevin Lamarque | Reuters
Goldman Sachs released first-quarter results Monday that beat expectations in terms of record equity market results and higher-than-expected investment banking revenue.
Here’s what the company reported:
- Profit: $17.55 per share versus $16.49 estimated by LSEG
- Revenue: $17.23 billion versus $16.97 billion expected
The bank said its profit rose 19% from the year-earlier quarter to $5.63 billion, or $17.55 per share. Revenue climbed 14% to $17.23 billion.
Wall Street’s trading desks were busy at the start of the year as institutional investors took new positions to address AI-driven disruption across industries.
For Goldman Sachs, which derives most of its revenue from its trading and investment banking activities, the main question analysts will ask concerns the impact of the war in Iran which began on February 28.
Disruptive events that impact commodity prices – such as the Iran conflict – can sometimes force corporate clients to the sidelines, meaning a delay in merger activity may have begun. At the same time, churn can lead to increased trading revenue through changes in interest rates, bond prices and currencies.
The bank’s shares have climbed about 3% this year.
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