Goldman Sachs CEO David Solomon Tops Jamie Dimon With $47 Million Pay Package

By Madelaine Panganiban

Published: Jan 25 2026, 08:25 AM EST

Goldman Sachs Supports General Counsel Amid Controversial Jeffrey Epstein Correspondence — The Goldman Sachs logo is seen at the New York Stock Exchange during morning trading on August 25, 2023 in New York City. Michael M. Santiago/Getty Images/Getty Images

Goldman Sachs CEO David Solomon earned a record $47 million compensation package in 2025, surpassing JPMorgan CEO Jamie Dimon's $43 million, the Wall Street bank said Friday.

The move comes as Goldman enjoys a rebound in investment banking and a surge in its stock price.

Solomon, 63, received a $2 million base salary and $45 million in bonuses, including shares, cash, and carried interest, NY Post reported.

This represents a 21% increase from his 2024 pay of $38 million. "The compensation reflects strong performance in support of our clients across global banking & markets and asset & wealth management," a Goldman spokesperson said.

The CEO's pay boost follows the bank's blockbuster fourth-quarter results, fueled by a revival in mergers and acquisitions activity.

Shares of Goldman Sachs rose just over 53% in 2025, outperforming rivals Morgan Stanley and JPMorgan but lagging behind Citigroup.

In addition to his 2025 pay, Solomon and Goldman president John Waldron received $80 million stock-based retention bonuses last year.

Goldman Sachs CEO David Solomon sees pay surge 21% to $47M in 2025 https://t.co/MSGEDVGMGM pic.twitter.com/bHkRY3wXAG
— New York Post (@nypost) January 23, 2026

Executive Awards at Goldman Already Up 50% in Value

The awards are designed to keep the duo at the bank's New York headquarters until January 2030, while positioning Waldron, 55, as Solomon's eventual successor.

According to Bloomberg, the value of these awards has already risen by about 50% since their grant date.

Solomon joined Goldman Sachs in 1999 after leaving Bear Stearns and worked his way up to succeed Lloyd Blankfein, who led the bank through the 2008 financial crisis.

Under his leadership, Goldman has posted record revenue in its banking and markets division and record management fees in asset management.

Speaking on Jan. 15, Solomon expressed optimism about the year ahead, citing a more favorable regulatory environment.

"CEOs definitely believe that 'The Art of the Deal' – scaled consolidation – is possible now," he said, referencing former President Donald Trump's book on business negotiations.

Analysts say Solomon's pay package highlights Goldman's emphasis on rewarding top executives during periods of strong performance and share price growth.