Goldman Sachs (NYSE:GS) reported a strong Q1 2026, beating on both revenue and EPS. Net revenues of $17.23 billion topped estimates of $16.95 billion, and diluted EPS of $17.55 cleared the $16.37 consensus, marking the second-highest quarterly revenue and EPS in firm history.
Key profitability metrics were impressive, with ROE of 19.8% and ROTE of 21.3%, and Goldman returned $6.38 billion to shareholders via buybacks and dividends. The standout driver was Global Banking & Markets, where a 48% surge in fees. This was led by an 89% jump in advisory on rebounding M&A volumes but the 10% decline in FICC did raise some eyebrows. Asset & Wealth Management hit a record $3.7 trillion in AUS on strong fee-based inflows. Management struck a cautiously optimistic tone, flagging likely moderation in Q2 given the macro environment, but the M&A recovery and record AUS levels provide a constructive backdrop for the rest of the year.
For more details, key highlights, and commentary, check out the high-level earnings summary.
