Goldman Sachs (GS) earnings 1Q 2026

Goldman Sachs on Monday posted first-quarter results that topped expectations on record equities trading results and higher-than-expected investment banking revenue.

Here’s what the company reported:

• Earnings: $17.55 per share vs. $16.49 LSEG estimate
• Revenue: $17.23 billion vs. $16.97 billion expected

The bank said profit climbed 19% from the year-earlier quarter to $5.63 billion, or $17.55 per share. Revenue rose 14% to $17.23 billion.

Trading desks across Wall Street were busy at the start of the year as institutional investors set new positions against the churn of artificial intelligence-led disruption in markets. For Goldman, that resulted in its biggest quarter from equities trading, helping propel the overall firm to its second-highest quarterly revenue.

Equities revenue rose 27% to $5.33 billion, or about $420 million more than the StreetAccount estimate, on rising financing activity to hedge fund clients in its prime brokerage business, as well as matching more buyers and sellers in cash equities products.

Investment banking fees climbed 48% to $2.84 billion, about $340 million more than expected, on a surge i