Goldman Sachs(GS) - 2025 Q4 - Earnings Call Presentation

Financial Performance Highlights - The company's net revenues for 2025 reached $58.28 billion[51], a 9% increase compared to 2024[54] - Net earnings for 2025 amounted to $17.18 billion[51], a 20% increase compared to 2024[54] - Diluted earnings per share (EPS) for 2025 were $51.32[51], a 27% increase compared to 2024[54] - The firm's Return on Equity (ROE) for 2025 was 15.0%[51] - The company's book value per share grew by 6.2% to $357.60 in 2025[51, 87] Business Segment Performance - Global Banking & Markets (GBM) net revenues for 2025 were $41.45 billion[54], an 18% increase compared to 2024[54] - Asset & Wealth Management (AWM) net revenues for 2025 were $16.68 billion[54], a 2% increase compared to 2024[54] - Platform Solutions net revenues for 2025 were $151 million[54], a 93% decrease compared to 2024[54] Asset & Wealth Management Details - Total Assets Under Supervision (AUS) reached a record $3.61 trillion in 2025[52, 68] - Alternative investments AUS increased to $420 billion in 2025[65, 73] - The company raised $115 billion in gross third-party alternatives fundraising in 2025[10, 73] Capital Management - The company executed ~$12 billion of share repurchases in 2025[40] - The quarterly dividend was increased by 12.5% to $4.50 per common share in 1Q26[52, 91]