Goldman Sachs is a global financial institution serving corporations, financial institutions, governments, and individuals across three reportable segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. Global Banking & Markets generates revenues from investment banking advisory and underwriting, FICC and equities intermediation and financing, relationship lending, acquisition financing, and transaction banking. Asset & Wealth Management earns revenues from management fees, incentive fees, private banking and lending, and investments.
The firm operates as a bank holding company and financial holding company regulated by the Federal Reserve, with Goldman Sachs Bank USA as its U.S. depository subsidiary. Platform Solutions revenues derive primarily from Apple Card credit card issuance and deposit-gathering, with certain businesses in that segment being exited. Beginning in Q4 2025, Goldman reorganized its segment reporting to narrow its strategic focus on consumer-related activities and to reflect the shared nature of Community Reinvestment Act obligations.
