Goldman Sachs Group (GS) — service annuity, read against the 10-Q

Goldman Sachs Groupreason 03 of 4it gets paid again without selling againderived 2026-09-11accession 0000886982-26-000297

As of June 2026, our assets under supervision increased $391 billion due to net inflows (reflecting net inflows across all asset classes, primarily in liquidity products and equity) and net market appreciation

Management and other fees included fees from alternatives of $725 million for the three months ended June 2026, $592 million for the three months ended June 2025

We have raised $85 billion in third-party commitments in the first half of 2026 and $523 billion since 2019, and expect fundraising for full year 2026 to exceed $125 billion

Our estimated unrecognized incentive fees were $7.08 billion as of June 2026 and $5.24 billion as of December 2025

the finding

The description of Management and other fees growth changed from 'higher' to 'significantly higher,' consistent with the management fees reason.

before · MD&A · 2026-03-31 → 2026-06-30

“Net revenues in Asset & Wealth Management were higher, primarily reflecting higher Management and other fees”