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Goldman (GS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

By Zacks Equity Research | July 16, 2025, 9:30 AM

For the quarter ended June 2025, Goldman Sachs (GS) reported revenue of $14.58 billion, up 14.6% over the same period last year. EPS came in at $10.91, compared to $8.62 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $13.5 billion, representing a surprise of +8.06%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $9.43.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: $349.74 compared to the $347.76 average estimate based on five analysts.
  • Assets Under Supervision (AUS) - Total: $3,293.00 billion versus $3,228.04 billion estimated by three analysts on average.
  • Standardized Capital Rules - Common equity tier 1 capital ratio: 14.5% compared to the 15.1% average estimate based on three analysts.
  • Leverage ratio: 5.3% versus the two-analyst average estimate of 5.3%.
  • Net Revenues- Global Banking & Markets- FICC: $3.47 billion compared to the $3.39 billion average estimate based on five analysts. The reported number represents a change of +9% year over year.
  • Net Revenues- Asset & Wealth Management- Debt investments: $83 million versus the five-analyst average estimate of $151 million. The reported number represents a year-over-year change of -72.1%.
  • Net Revenues- Platform Solutions- Consumer platforms: $623 million versus $619.93 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
  • Net Revenues- Global Banking & Markets- Equities: $4.3 billion compared to the $3.74 billion average estimate based on five analysts. The reported number represents a change of +35.7% year over year.
  • Net Revenues- Asset & Wealth Management- Private banking and lending: $789 million versus the five-analyst average estimate of $744.53 million. The reported number represents a year-over-year change of +11.6%.
  • Net Revenues- Platform Solutions- Transaction banking and other: $62 million versus $65.86 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.
  • Net Revenues- Global Banking & Markets- Advisory: $1.17 billion versus the four-analyst average estimate of $891.69 million. The reported number represents a year-over-year change of +70.6%.
  • Net Revenues- Asset & Wealth Management- Total: $3.78 billion compared to the $3.82 billion average estimate based on four analysts. The reported number represents a change of -2.6% year over year.

View all Key Company Metrics for Goldman here>>>

Shares of Goldman have returned +12.5% over the past month versus the Zacks S&P 500 composite's +4.5% 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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The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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