Goldman Sachs Posts Record $20.3B Revenue, Raises Dividend 11%
GS sits 48% above its 52-week low of $694.05.
Summary
Record Q2 2026 revenue of $20.34B and net earnings of $6.63B were driven by surging Global Banking & Markets activity. Reflecting strong capital generation, the firm raised its dividend and repurchased $4B in shares.
Key Events · Earnings and Guidance · GS
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Record Quarterly Revenue
Net revenues reached $20.34 billion, a 39% increase year-over-year, driven by a 53% surge in Global Banking & Markets to $15.52 billion.
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Earnings Surge
Net earnings applicable to common shareholders were $6.40 billion, with diluted EPS of $20.98, up from $10.91 a year ago.
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Dividend Increase
The Board raised the quarterly common stock dividend to $5.00 per share from $4.50, an 11% increase, payable in September 2026.
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Capital Returns
In Q2 2026, $4.0 billion of common stock was repurchased, and a total of $5.36 billion was returned to common shareholders including dividends.
Analysis · GS · Finance
The firm delivered its strongest quarter ever, with net revenues surging 39% to $20.34 billion, driven by a 53% jump in Global Banking & Markets. Net earnings of $6.63 billion and diluted EPS of $20.98 crushed year-ago results. Signaling confidence in sustained profitability, the quarterly dividend was raised to $5.00 per share and $4 billion in stock was bought back. Capital ratios remain robust, with a CET1 ratio of 12.9% under the Standardized approach. These results underscore the ability to capitalize on robust client activity and favorable market conditions, particularly in equities and investment banking.
At the time of this filing, GS was trading at $1,027.64 on NYSE in the Finance sector, with a market capitalization of approximately $303B. The 52-week trading range was $694.05 to $1,153.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.