Company Intelligence
Goldman Sachs is a leading global financial institution providing investment banking, securities, asset management, and consumer banking services. Founded in 1869, the firm is known for its dominance in M&A advisory, equity underwriting, and trading. After a high-profile and costly foray into consumer banking (Marcus), Goldman has pivoted back to its core strengths in institutional finance while investing heavily in technology, including the GS AI platform and transaction banking (GS TxB) for commercial clients.
Financial Services
Headquarters
New York, NY
Employees
~45,000
Revenue
$51.7B (FY2024)
Fiscal Year End
December 31
Founded
1869
Current leadership team based on public filings and announcements.
David Solomon
Chairman & CEO
Denis Coleman
CFO
Key events and changes that sales teams should know about.
Completed the strategic pivot away from consumer banking, fully exiting the Marcus consumer lending platform and refocusing resources on institutional clients, asset management, and transaction banking.
2025-01
Expanded the GS AI platform across the firm, deploying proprietary large language models for code generation, document analysis, and client research, with over 10,000 employees actively using AI tools.
2024-11
Grew the GS Transaction Banking (TxB) platform, a cloud-native commercial banking service competing with established treasury management incumbents like JPMorgan and Citi.
2024-08
Q2 2024 revenue reached $12.7B, up 17% YoY, driven by a resurgence in investment banking fees and strong performance in equities trading and asset management.
2024-07
Reorganized technology leadership to accelerate AI adoption firm-wide, elevating the Chief Information Officer role and increasing the technology budget allocation toward AI infrastructure and engineering talent.
2024-05
Goldman Sachs is one of the most technologically sophisticated financial institutions in the world. The firm has a long history of building proprietary technology -- from its SecDB risk management platform to the newer Marquee analytics platform for institutional clients. Goldman employs thousands of engineers and increasingly positions itself as a technology company that happens to do banking. Vendors need to bring genuinely differentiated technology to compete with what Goldman can build in-house.
The GS AI platform initiative represents one of the most aggressive AI deployments in financial services. With 10,000+ employees using AI tools and significant investment in proprietary models, Goldman is creating internal demand for GPU infrastructure, data pipelines, model governance, and AI development tooling. Vendors in the AI infrastructure space should understand that Goldman is both a builder and buyer -- they build core models internally but buy supporting infrastructure.
The Transaction Banking (TxB) platform is Goldman's bet on disrupting the commercial banking technology market traditionally dominated by JPMorgan, BofA, and Citi. Built cloud-native on AWS, TxB is attracting corporate treasury clients with modern APIs and real-time payment capabilities. This signals Goldman's willingness to invest in long-term platform plays, and creates ecosystem opportunities for fintech and payments infrastructure vendors.
Key competitors based on market analysis and public filings.
Goldman Sachs' fiscal year ends on December 31, following the standard calendar year. Q4 earnings are typically reported in mid-January. As a calendar-year financial institution, year-end technology budget decisions are made in Q4 (October-December).
Goldman Sachs generated approximately $51.7 billion in net revenue for fiscal year 2024, driven by strong performance in investment banking, equities trading, and asset management. Revenue rebounded significantly from 2023 levels as capital markets activity recovered.
Goldman Sachs launched Marcus as a consumer banking platform in 2016 but exited the business by 2024 after accumulating significant losses. The firm sold its personal loan portfolio, transferred the Apple Card partnership, and redirected resources to institutional banking and asset management. The pivot reflects CEO David Solomon's decision to refocus on Goldman's core strengths.
The GS AI platform is Goldman Sachs' internal artificial intelligence initiative deploying large language models and AI tools across the firm. Over 10,000 Goldman employees use AI tools for tasks including code generation, document analysis, research synthesis, and client communication. The firm builds some models internally and partners with major AI companies for foundational capabilities.
Goldman Sachs employs approximately 45,000 people globally, with major offices in New York, London, Bangalore, Salt Lake City, Dallas, and other financial centers. A significant portion of the workforce -- several thousand -- are engineers and technologists.
See leadership changes, strategic initiatives, earnings insights, and buying signals for Goldman Sachs — updated continuously.
