Goldman Sachs Posts Record Net Revenues of $59.34 Billion in 2021

The Goldman Sachs Group, Inc. reported net revenues of $59.34 billion and net earnings of $21.64 billion for the year ended December 31, 2021. Net revenues were $12.64 billion and net earnings were $3.94 billion for the fourth quarter of 2021.

Diluted earnings per common share (EPS) was $59.45 for the year ended December 31, 2021 compared with $24.74 for the year ended December 31, 2020, and was $10.81 for the fourth quarter of 2021 compared with $12.08 for the fourth quarter of 2020 and $14.93 for the third quarter of 2021. For the year ended December 31, 2020, net provisions for litigation and regulatory proceedings reduced diluted EPS by $9.51.

Return on average common shareholders' equity (ROE) was 23.0% for 2021 and annualized ROE was 15.6% for the fourth quarter of 2021. Return on average tangible common shareholders' equity (ROTE) was 24.3% for 2021 and annualized ROTE was 16.4% for the fourth quarter of 2021.

"2021 was a record year for Goldman Sachs. The firm's extraordinary performance is a testament to the strength of our client franchise and people. Moving forward, our leadership team remains committed to growing Goldman Sachs, diversifying our businesses and delivering strong returns for shareholders,"said David M. Solomon, Chairman and Chief Executive Officer.