What was Goldman Sachs' revenue in Q1 2026?

Goldman Sachs reported revenue of $14.5 billion in Q1 2026, up 15% year-over-year.

What was Goldman Sachs' EPS in Q1 2026?

Earnings per share were $11.80, up from $9.90 in Q1 2025.

What drove Goldman Sachs' strong performance?

The strong performance was driven by a rebound in capital markets activity, particularly M&A and IPOs, as well as higher trading volumes.

Did Goldman Sachs provide guidance for Q2?

Goldman Sachs did not provide formal numerical guidance but indicated continued positive momentum in capital markets.

Goldman Sachs Posts Record Earnings on Capital Markets Boom

Goldman Sachs reported strong Q1 2026 results, driven by a surge in capital markets activity. Revenue and net income beat estimates, lifting the stock in pre-market trading.

Goldman Sachs (NYSE: GS) reported record financial results for the first quarter of 2026, fueled by a significant rebound in capital markets activity. Revenue rose 15% year-over-year to $14.5 billion, surpassing analyst expectations. Net income increased 20% to $4.2 billion, driving the stock up 2% in pre-market trading.

Key Financial Results

Metric	Q1 2026	Q1 2025	Change
Revenue	$14.5B	$12.6B	+15%
Net Income	$4.2B	$3.5B	+20%
EPS	$11.80	$9.90	+19%

Highlights from the Report

The bank attributed the strong performance to increased M&A and IPO activity, which boosted investment banking revenues by 25%. Higher trading volumes in fixed income, currencies, and commodities (FICC) also contributed to the trading division's revenue growth.

Future Guidance

Goldman Sachs did not provide formal numerical guidance, but management indicated continued positive momentum in capital markets into Q2, supported by a favorable regulatory environment and rising investor confidence.

Impact on Stock

Shares of Goldman Sachs rose 2% in pre-market trading following the announcement, reflecting investor optimism about the bank's ability to capitalize on the capital markets recovery.

What This Means for Investors

Goldman Sachs' results highlight the strength of its capital markets-driven business model. With the recovery ongoing, the bank may be well-positioned for sustained growth. However, investors should monitor macroeconomic and regulatory developments.