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Compensation
2 min. Read
|Jan 24, 2026 12:17 PM

Goldman Sachs Boosts CEO David Solomon’s Pay by 21%

Sahiba Sharma
By Sahiba Sharma
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Goldman Sachs Group Inc. has announced a significant 21% increase in total compensation for its Chairman and CEO, David Solomon.

For the fiscal year 2025, Solomon’s pay package reached $47 million, up from $39 million in 2024.

This raise establishes Solomon as one of the highest-paid executives on Wall Street, notably surpassing JPMorgan Chase CEO Jamie Dimon’s 2025 pay of $43 million.

Performance-Driven Rewards

The Board’s Compensation Committee cited “exceptional financial performance” and “significant shareholder value creation” as the primary drivers for the record award.

Under David’s leadership in 2025, Goldman Sachs reported net revenues of $58.28 billion and net earnings of $17.18 billion.

The firm’s stock surged by roughly 54% during the year, significantly outperforming broader market indices and several major banking peers.

The bank also reasserted its dominance in global dealmaking, advising on approximately $1.48 trillion in M&A volume and leading major listings, including the Medline IPO—the largest global offering of the year.

Goldman Sachs CEO’s Detailed Compensation Breakdown

David’s 2025 package maintains a steady $2 million base salary, with the remaining $45 million delivered through variable, performance-linked incentives.

According to SEC filings, the breakdown includes:

  • $31.5 million in Performance Stock Units (PSUs), tied to long-term return on equity.
  • $10.1 million in cash bonuses.
  • $3.4 million via the firm’s Carried Interest Program, aligning executive pay with private-market fund performance.

Strategic Retention and Outlook

The pay hike follows a period of strategic refinement as Goldman Sachs pivoted away from its retail banking ambitions to focus on its core strengths: investment banking, trading, and asset management.

To ensure leadership stability, the board had previously granted David and President John Waldron significant retention awards worth $80 million each, scheduled to vest in 2030.

These moves signal the board’s strong confidence in the current leadership as the bank prepares for a potentially lucrative 2026 dealmaking environment.

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