Asset Management
Goldman Sachs Group Executive Compensation (FY25)
GS · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 1, 2026
209 figures on this page: 206 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
David Solomon, Chairman and CEO, received $118,891,684 in total compensation for fiscal 2025, and Solomon's total moved 280.0% higher from the $31,290,110 reported for fiscal 2024. Meanwhile, the disclosed chief executive pay ratio for fiscal 2025 is 740:1, against median employee compensation of $160,667. Separately, the say-on-pay proposal drew 70.3% of votes cast including abstentions in favor at the meeting held April 29, 2026 for fiscal 2025. Companies named in the disclosed peer group include Bank of America Corporation, Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and The Bank of New York Mellon Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Solomon: $31,290,110 → $118,891,684 (280.0% higher)
Say-on-pay support: 66.0% → 70.3% (4.3 points higher)
CEO pay ratio: 192:1 → 740:1 (285.4% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Goldman Sachs Group's chief executive and what were they paid?
David Solomon, Chairman and CEO, received $118,891,684 in total compensation for fiscal 2025. Solomon's total moved 280.0% higher from the $31,290,110 reported for fiscal 2024.
What was Goldman Sachs Group's say-on-pay result?
The say-on-pay proposal drew 70.3% of votes cast including abstentions in favor at the meeting held April 29, 2026 for fiscal 2025.
Which companies are in Goldman Sachs Group's peer group?
Companies named in the disclosed peer group include Bank of America Corporation, Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and The Bank of New York Mellon Corporation, among others. Companies named in the European Peers include Barclays PLC, Deutsche Bank AG and UBS Group AG.
What is Goldman Sachs Group's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 740:1, against median employee compensation of $160,667.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Solomon Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Waldron President and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Denis Coleman Chief Financial Officer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Philip Berlinski Global Treasurer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Kathryn Ruemmler Chief Legal Officer and General Counsel | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Solomon Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
John Waldron President and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Denis Coleman Chief Financial Officer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Philip Berlinski Global Treasurer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Kathryn Ruemmler Chief Legal Officer and General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Solomon Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Waldron President and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Denis Coleman Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Kathryn Ruemmler Chief Legal Officer and General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Rogers Executive Vice President | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Solomon Chairman and CEO | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
John Waldron President and COO | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Denis Coleman CFO | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Kathryn Ruemmler CLO and General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Rogers Executive Vice President | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David Solomon | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| David Solomon | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Denis Coleman | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John Rogers | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John Waldron | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John Waldron | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kathryn Ruemmler | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Waldron | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| David Solomon | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| John Rogers | PSU | ◇ | ◇ | — | — |
| Kathryn Ruemmler | PSU | ◇ | ◇ | — | — |
| Denis Coleman | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Peter Oppenheimer | — | ◇ | — | — | — | ◇ | ◇ |
Jan Tighe | ◇ | ◇ | — | — | — | ◇ | ◇ |
Kevin Johnson | — | ◇ | — | — | — | ◇ | ◇ |
Michele Burns | ◇ | ◇ | — | — | — | ◇ | ◇ |
Thomas Montag | ◇ | ◇ | — | — | — | ◇ | ◇ |
Kimberley Harris | ◇ | ◇ | — | — | — | ◇ | ◇ |
David Viniar Lead independent director | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ellen Kullman | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark Flaherty | — | ◇ | — | — | — | ◇ | ◇ |
Lakshmi Mittal | — | ◇ | — | — | — | — | ◇ |
John Hess | — | ◇ | — | — | — | — | ◇ |
KC McClure | — | ◇ | — | — | — | — | ◇ |
David Solomon and John Waldron served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Bank of America Corporation BAC
- Citigroup Inc. C
- JPMorgan Chase & Co. JPM
- Morgan Stanley MS
- The Bank of New York Mellon Corporation BNY
- Wells Fargo & Company WFC
European Peers
- Barclays PLC BCS
- Deutsche Bank AG DB
- UBS Group AG UBS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 29, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 23, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 24, 2024 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Goldman Sachs Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Goldman Sachs Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
209 figures on this page: 206 cited to the filing that reported them, 3 calculated from figures it prints.
206 cited to the filing
3 calculated from the filing
Documents cited
- 0001193125-26-199988Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-1174332025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · Director Compensation Program · and 1 more section
- 0001193125-25-093530Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-25-0545592024 Summary Compensation Table
- 0001193125-24-0687432023 Summary Compensation Table
- 0001193125-24-113922Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Goldman Sachs Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GS (accessed 2026).
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Asset Management rankings
Peers Goldman Sachs Group discloses
The companies named in GS's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}