Did the Goldman Sachs CEO Get a Raise?
Yes. David Solomon's total compensation rose 29% to $27.6M in 2025, from $21.3M in 2024, per Goldman Sachs's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Goldman Sachs CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
David Solomon Pay: 2024 → 2025
- 2025 total comp
- $27,560,000
- 2024 total comp
- $21,304,000
- Change ($)
- +$6,256,000
- Change (%)
- +29%
Source: Goldman Sachs SEC DEF 14A proxy statements, 2024 and 2025 Summary Compensation Tables.
In its latest proxy statement, Goldman Sachs reported David Solomon's 2025 total compensation at $27,560,000 — up $6,256,000 (29%) from $21,304,000 in 2024. The biggest single driver was stock awards, which rose $3,128,000.
Across the disclosed history, David Solomon's total pay has run: 2022, $30.0M; 2023, $16.7M; 2024, $21.3M; 2025, $27.6M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Goldman Sachs posted a 22.1% three-year total shareholder return on 8.3% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of B (76/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $27,560,000 |
| Base Salary | $2,756,000 |
| Stock Awards | $13,780,000 |
| Option Awards | $3,307,200 |
| Non-Equity Incentive | $4,134,000 |
| CEO-to-Worker Pay Ratio | 230:1 |
| Pay-Performance Grade | B |
Other Investment Banking CEOs
Frequently Asked Questions
Yes. David Solomon's total compensation rose 29% to $27.6M in 2025, from $21.3M in 2024, per Goldman Sachs's SEC DEF 14A filings.
David Solomon, CEO of Goldman Sachs, earned $27.6M in total compensation in 2025, including $13.8M in stock awards and $2,756,000 in base salary.
In 2025, total compensation of $27,560,000 was composed of $2,756,000 base salary, $0 cash bonus, $13,780,000 stock awards, $3,307,200 option awards, and $4,134,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Goldman Sachs as B (76/100), based on three-year total shareholder return of 22.1%, revenue growth of 8.3%, and shareholder say-on-pay vote approval.
David Solomon is the chief executive officer of Goldman Sachs (GS).
More about Goldman Sachs
Yes. David Solomon's total compensation rose 29% to $27.6M in 2025, from $21.3M in 2024, per Goldman Sachs's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.