Net revenue of investment banking activities of Goldman Sachs 2023, by source
The largest share of Goldman Sachs' investment banking revenue is generated from advisory. In 2023, around 3.3 billion U.S. dollars of net revenue came from advisory activities, out of a total of 6.2 billion U.S. dollars in investment banking net revenue. Around another 1.76 billion U.S. dollars was generated from debt underwriting, while the smallest revenue source was equity underwriting.