The Goldman Sachs Group, Inc. (NYSE:GS) Q3 2025 Earnings Call October 14, 2025 9:30 AM EDT
Company Participants
David Solomon – Chairman & CEO
Denis Coleman – Chief Financial Officer
Conference Call Participants
Glenn Schorr – Evercore ISI Institutional Equities, Research Division
Ebrahim Poonawala – BofA Securities, Research Division
L. Erika Penala – UBS Investment Bank, Research Division
Chinedu Bolu – Autonomous Research US LP
Betsy Graseck – Morgan Stanley, Research Division
Michael Mayo – Wells Fargo Securities, LLC, Research Division
Brennan Hawken – BMO Capital Markets Equity Research
Daniel Fannon – Jefferies LLC, Research Division
Devin Ryan – Citizens JMP Securities, LLC, Research Division
Gerard Cassidy – RBC Capital Markets, Research Division
Presentation
Operator
Good morning. My name is Katie, and I will be your conference facilitator today. I would like to welcome everyone to the Goldman Sachs Third Quarter 2025 Earnings Conference Call.
On behalf of Goldman Sachs, I will begin the call with the following disclaimer. The earnings presentation can be found on the Investor Relations page of the Goldman Sachs website and contains information on forward-looking statements and non-GAAP measures. This audio cast is copyrighted material of the Goldman Sachs Group, Inc. and may not be duplicated, reproduced or rebroadcast without consent. This call is being recorded today, October 14, 2025.
I will now turn the call over to Chairman and Chief Executive Officer, David Solomon; and Chief Financial Officer, Denis Coleman. Thank you. Mr. Solomon, you may begin your conference.
David Solomon
Chairman & CEO
Thank you very much, operator, and good morning, everyone. Thank you all for joining us. We delivered very strong results in the third quarter and generated net revenues of $15.2 billion, earnings per share of $12.25 and ROE of 14.2%, resulting in an ROE of 14.6% and an ROE of 15.6% for the year-to-date. This performance reflects the strength of our market-leading franchises where we continue to harness the power
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