Goldman (GS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Goldman Sachs reported $13.45 billion in revenue for Q4 2025, a 3% year-over-year decline, with EPS at $14.01 compared to $11.95 a year ago, missing the revenue estimate by 1.14% [1] Financial Performance - Book Value Per Share was $357.60, slightly above the estimated $356.71 [4] - Total Assets Under Supervision reached $3,606 billion, exceeding the estimated $3,517.08 billion [4] - Common equity tier 1 capital ratio was reported at 14.4%, below the average estimate of 15% [4] Revenue Breakdown - Net Revenues from Global Banking & Markets - FICC were $3.11 billion, surpassing the estimate of $2.89 billion, reflecting a year-over-year increase of 13.4% [4] - Net Revenues from Asset & Wealth Management - Private banking and lending were $776 million, below the estimate of $810.86 million, with a year-over-year change of 5.4% [4] - Net Revenues from Global Banking & Markets - Other were $421 million, significantly above the estimate of $161 million, showing a year-over-year increase of 79.2% [4] - Net Revenues from Global Banking & Markets - Equities were $4.31 billion, exceeding the estimate of $3.67 billion, with a year-over-year increase of 24.8% [4] - Net Revenues from Platform Solutions totaled -$1.68 billion, worse than the estimate of -$97.12 million, representing a year-over-year decline of 350.5% [4] - Total Net Revenues from Asset & Wealth Management were $4.72 billion, slightly above the estimate of $4.4 billion, with no year-over-year change [4] - Net Revenues from Global Banking & Markets - Advisory were $1.36 billion, slightly above the estimate of $1.35 billion, reflecting a year-over-year increase of 41.3% [4] - Net Revenues from Global Banking & Markets - Equity underwriting were $521 million, below the estimate of $575.02 million, with a year-over-year increase of 4.4% [4] - Net Revenues from Global Banking & Markets - Debt underwriting were $700 million, slightly below the estimate of $711.23 million, with a year-over-year increase of 17.7% [4] Stock Performance - Goldman Sachs shares returned +6.9% over the past month, outperforming the Zacks S&P 500 composite's +1.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]