Goldman Sachs Aims for $70 Billion Revenue as Asset and Wealth Management Growth Surpasses Targets
Goldman Sachs anticipates its revenue base will reach approximately $70 billion in 2026, a significant increase from the mid-$30 billion range when it launched its strategic plan in 2018–19. This growth is attributed to greater diversification and improved operating leverage across core businesses like Global Banking & Markets and Asset & Wealth Management. The firm's Asset & Wealth Management segment has surpassed high-single-digit growth expectations, managing around $4 trillion in assets with a target of achieving 30% margins and high-teen returns. Goldman is also expanding its capabilities through acquisitions and partnerships to strengthen alternatives, ETFs, retirement services, and real estate offerings. Chairman and CEO David Solomon emphasized the company's focus on durable revenue growth across market cycles by leveraging technology for efficiency gains and capturing opportunities in AI infrastructure investment.
Tickers: $GS
Topics: Asset & Wealth Management Goldman Sachs Revenue Growth Strategic Expansion