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

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Goldman Sachs (GS - Free Report) reported $13.45 billion in revenue for the quarter ended December 2025, representing a year-over-year decline of 3%. EPS of $14.01 for the same period compares to $11.95 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $13.61 billion, representing a surprise of -1.14%. The company has not delivered EPS surprise, with the consensus EPS estimate being $11.77.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Goldman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Book Value Per Share: $357.60 versus $356.71 estimated by four analysts on average.
  • Assets Under Supervision (AUS) - Total: $3,606.00 billion versus $3,517.08 billion estimated by three analysts on average.
  • Standardized Capital Rules - Common equity tier 1 capital ratio: 14.4% versus the three-analyst average estimate of 15%.
  • Net Revenues- Global Banking & Markets- FICC: $3.11 billion versus the four-analyst average estimate of $2.89 billion. The reported number represents a year-over-year change of +13.4%.
  • Net Revenues- Asset & Wealth Management- Private banking and lending: $776 million compared to the $810.86 million average estimate based on four analysts. The reported number represents a change of +5.4% year over year.
  • Net Revenues- Global Banking & Markets- Other: $421 million versus $161 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +79.2% change.
  • Net Revenues- Global Banking & Markets- Equities: $4.31 billion versus the four-analyst average estimate of $3.67 billion. The reported number represents a year-over-year change of +24.8%.
  • Net Revenues- Platform Solutions- Total: $-1.68 billion versus $-97.12 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -350.5% change.
  • Net Revenues- Asset & Wealth Management- Total: $4.72 billion versus the three-analyst average estimate of $4.4 billion. The reported number represents a year-over-year change of 0%.
  • Net Revenues- Global Banking & Markets- Advisory: $1.36 billion versus the three-analyst average estimate of $1.35 billion. The reported number represents a year-over-year change of +41.3%.
  • Net Revenues- Global Banking & Markets- Equity underwriting: $521 million compared to the $575.02 million average estimate based on three analysts. The reported number represents a change of +4.4% year over year.
  • Net Revenues- Global Banking & Markets- Debt underwriting: $700 million versus the three-analyst average estimate of $711.23 million. The reported number represents a year-over-year change of +17.7%.

View all Key Company Metrics for Goldman here>>>

Shares of Goldman have returned +6.9% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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