1、1 Third Quarter 2025 Earnings Results Media Relations:Tony Fratto 212-902-5400 Investor Relations:Jehan Ilahi 212-902-0300 The Goldman Sachs Group,Inc.200 West Street|New York,NY 10282 2 Third Quarter 2025 Earnings Results Goldman Sachs Reports Third Quarter Earnings Per Common Share of$12.25 NEW YO

2、RK,October 14,2025 The Goldman Sachs Group,Inc.(NYSE:GS)today reported net revenues of$15.18 billion and net earnings of$4.10 billion for the third quarter ended September 30,2025.Net revenues were$44.83 billion and net earnings were$12.56 billion for the first nine months of 2025.Diluted earnings p

3、er common share(EPS)was$12.25 for the third quarter of 2025 compared with$8.40 for the third quarter of 2024 and$10.91 for the second quarter of 2025,and was$37.33 for the first nine months of 2025 compared with$28.64 for the first nine months of 2024.Annualized return on average common shareholders

4、 equity(ROE)1 was 14.2%for the third quarter of 2025 and 14.6%for the first nine months of 2025.Book value per common share increased by 1.2%during the third quarter of 2025 and by 5.1%during the first nine months of 2025 to$353.79.1 1 1 1 Net Revenues 3Q25$15.18 billion 3Q25 YTD$44.83 billion Net E

5、arnings 3Q25$4.10 billion 3Q25 YTD$12.56 billion EPS 3Q25$12.25 3Q25 YTD$37.33 Annualized ROE1 3Q25 14.2%3Q25 YTD 14.6%Book Value Per Share 3Q25$353.79 YTD Growth 5.1%Financial Summary 3 Goldman Sachs Reports Third Quarter 2025 Earnings Results Net Revenues Net revenues were$15.18 billion for the th

6、ird quarter of 2025,20%higher than the third quarter of 2024 and 4%higher than the second quarter of 2025.The increase compared with the third quarter of 2024 reflected higher net revenues across all segments.Global Banking&Markets Net revenues in Global Banking&Markets were$10.12 billion for the th