UK Gender Pay Gap 2025 Disclosure

Apr 2, 2026
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Memorandum from Anthony Gutman and Kunal Shah to Goldman Sachs Employees

Today, we published the annual UK gender pay gap disclosure for Goldman Sachs International (GSI), Goldman Sachs (UK) SVC Limited (GSUL), and Goldman Sachs Asset Management International (GSAMI).

The UK gender pay gap disclosure is not a measure of whether we pay men and women equal pay for equal work – which is what we do at Goldman Sachs. The UK gender pay gap disclosure assesses pay without adjusting for factors such as seniority or role type.

The firm recognises that it needs the most talented people to deliver outstanding results for clients, and that the diversity of our workforce, including diversity of perspectives – at all levels – enhances our performance-based culture and is critical to our commercial success. We will continue to focus on attracting and retaining diverse, exceptional talent.

Anthony and Kunal

Charts

Hourly Pay and Bonus Pay 

The information below shows our mean and median gender pay gap and bonus gap for our combined UK group entities (all UK) and three individual UK group entities Goldman Sachs International (GSI), Goldman Sachs (UK) SVC Limited (GSUL) and Goldman Sachs Asset Management International (GSAMI) as at the snapshot date (i.e. 5 April 2025  (pay) and in the 12-month reference period to 5 April 2025 (bonus)).

Hourly Pay and Bonus Pay chart
Hourly Pay and Bonus Pay chart

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Proportion Receiving a Bonus

This chart shows proportion receiving a bonus by gender.

Proportion Receiving a Bonus
Proportion Receiving a Bonus

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The proportion of women and men at each hourly pay quartile

The information below shows gender distribution across our combined UK group entities (all UK) and each individual UK group entity across four equally-sized quartiles. The quartiles demonstrate the fact that we have a higher proportion of women than men in more junior roles and a higher number of men than women in senior and management roles.

The proportion of women and men at each hourly pay quartile
The proportion of women and men at each hourly pay quartile

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I confirm the accuracy of the 2025 Goldman Sachs UK Gender Pay Gap calculations in the above report.

- Ruth Smithson