Goldman Sachs Posts Record Q2 Revenue of $20.3B, Raises Dividend 11% to $5.00
GS sits 54% above its 52-week low of $691.3.
Summary
Goldman Sachs reported record Q2 2026 revenue of $20.34B and EPS of $20.98, driven by record performances in Global Banking & Markets and Asset & Wealth Management. The firm raised its quarterly dividend 11% to $5.00 and returned $5.36B to shareholders.
Key Events · Earnings and Guidance · GS
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Record Q2 Revenue and Earnings
Net revenues reached a record $20.34B, up 39% YoY, with net earnings of $6.63B and diluted EPS of $20.98, nearly double the prior-year quarter.
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Global Banking & Markets Sets Records
GBM revenue hit a record $15.52B, up 53% YoY, with record Equities ($7.42B), record Debt underwriting ($1.03B), and record FICC financing ($1.22B). Investment banking fees rose 55% to $3.40B.
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Asset & Wealth Management Achieves Milestones
Management and other fees reached a record $3.36B, and assets under supervision surpassed $4T for the first time, driven by $230B in net inflows and market appreciation.
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Dividend Increased 11% to $5.00
The board raised the quarterly dividend to $5.00 per share for Q3 2026, up from $4.50, and returned $5.36B to common shareholders in Q2 via $4.00B in buybacks and $1.36B in dividends.
Analysis · GS · Finance
A standout second quarter saw net revenues surge 39% year-over-year to a record $20.34 billion, while diluted EPS nearly doubled to $20.98. The engine was a 53% jump in Global Banking & Markets revenue, where Equities, Debt underwriting, and FICC financing all set new highs. Asset & Wealth Management also delivered records in management fees and assets under supervision, which crossed the $4 trillion mark. Reflecting this strength, the board raised the quarterly dividend 11% to $5.00 per share, and the firm returned $5.36 billion to shareholders through buybacks and dividends. With an investment banking backlog that grew during the quarter and CEO David Solomon citing accelerating momentum, the results signal broad-based strength across the franchise and a favorable outlook for capital markets activity.
At the time of this filing, GS was trading at $1,066.00 on NYSE in the Finance sector, with a market capitalization of approximately $308.6B. The 52-week trading range was $691.30 to $1,125.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.