The strong earnings beat and high ROE suggest continued momentum in capital markets. The significant capital return program indicates confidence in future performance. Traders should watch for sustained strength in investment banking fees and equities trading.
Price Chart
Executive Summary
Goldman Sachs reported strong first-quarter 2026 earnings with EPS of $17.55, a 24% year-over-year increase, driven by record revenues in Global Banking & Markets. The firm also declared a $4.50 quarterly dividend and returned $6.38 billion to shareholders.
Key Financial Metrics
Key Facts
- EPS of $17.55, beating Q1 2025 of $14.12 by 24%
- Net revenues of $17.23 billion, up 14% YoY
- Record net revenues in Global Banking & Markets ($12.74 billion)
- Annualized ROE of 19.8%, up from 16.0% in Q4 2025
- Returned $6.38 billion to shareholders through buybacks and dividends
Financial Impact
EPS increased by $3.43 year-over-year, driven by strong performance in investment banking and equities
Risk Factors
- Provision for credit losses increased to $315 million from $287 million in Q1 2025
- Efficiency ratio remained flat at 60.5% despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000886982-26-000096 |
| Document: gs-20260413.htm | 0000886982-26-000096 |
| Document: a1q26gsearningsresultspr.htm | 0000886982-26-000096 |
| Document: 0000886982-26-000096-index-headers.html | 0000886982-26-000096 |
| Document: 0000886982-26-000096-index.html | 0000886982-26-000096 |
| Document: 0000886982-26-000096.txt | 0000886982-26-000096 |
| 8-K Data (Synthetic) | 0000886982-26-000096 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 13, 2026 28w ago | 8-K | $30.00 $31.00 | ▲ +3.33% | ▼ −5.59% | $25.00 (−16.67%) |
Apr 3, 2026 29w ago | DEFA14A | $30.00 $31.00 | ▲ +3.33% | ▼ −10.14% | $25.00 (−16.67%) |
US Market Status
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