The Goldman Sachs Group, Inc. (GS) reported first-quarter 2026 earnings per share of $17.55, exceeding the Zacks Consensus Estimate by 7.4% and rising 24.3% from $14.12 in the same quarter last year.
Net revenues reached $17.23 billion, a 14.4% year-over-year increase, driven by record Equities revenues of $5.33 billion (up 27%) and a substantial 48% rise in investment banking fees to $2.84 billion. However, fixed-income revenues fell 10% to $4.01 billion. Net earnings attributable to common shareholders climbed 18% to $5.40 billion.
Despite robust revenue growth, operating expenses increased by 14% to $10.43 billion, primarily due to transaction-based expenses and higher compensation. The provision for credit losses rose to $315 million, compared to $287 million a year ago. As of March 31, 2026, Goldman Sachs held total assets of $2.06 trillion and returned $6.38 billion to shareholders through buybacks and dividends.
