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Get filing alertsGoldman Sachs reports record Q2 2026 EPS of $20.98, up 92% YoY; raises dividend 11%
Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
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Q2 2026 diluted EPS of $20.98, up 92% from $10.91 in Q2 2025 and up 20% from $17.55 in Q1 2026, driven by record Global Banking & Markets revenues of $15.5B (up 53% YoY).
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Board raised quarterly dividend 11% to $5.00 per share from $4.50, payable September 29, 2026 to shareholders of record September 1, 2026.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Returned $5.36B to common shareholders in Q2: $4.00B in buybacks (4.1M shares at avg. $984.57) and $1.36B in dividends.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Assets under supervision reached record $4.04T; 34th consecutive quarter of long-term fee-based net inflows; record $59B in third-party alternatives fundraising.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Platform Solutions revenues fell 64% YoY to $221M, driven by net markdowns on the Apple Card loan portfolio (held for sale since Q4 2025).
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
The performance was driven by record revenues in Global Banking & Markets ($15.5 billion, up 53% year-over-year), reflecting strength across investment banking fees (up 55%), equities (up 72%), and FICC financing. The firm's investment banking backlog increased both sequentially and year-over-year, supporting forward revenue visibility.
Asset & Wealth Management reached record assets under supervision of $4.04 trillion, with $230 billion of total net inflows during the quarter and record third-party alternatives fundraising of $59 billion. The Board raised the quarterly dividend 11% to $5.00 per share, marking a 25% increase year-over-year and signaling confidence in sustained earnings power.
Goldman returned $5.36 billion to common shareholders during the quarter through $4.00 billion in buybacks and $1.36 billion in dividends. The one soft spot was Platform Solutions, where revenues fell 64% year-over-year to $221 million due to net markdowns on the Apple Card loan portfolio as the firm continues its exit from consumer lending. For holders, the quarter demonstrates Goldman's core franchise strength in capital markets and wealth management, with robust capital return and improving momentum heading into the second half of 2026.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Goldman Sachs disclosed second quarter 2026 financial results via press release and earnings presentation.
Added in current filing · verify on EDGAR → · paraphrased
On July 14, 2026, The Goldman Sachs Group, Inc. (the "Company") reported its earnings for its second quarter ended June 30, 2026. A copy of the Company's press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference.
Goldman Sachs announced second quarter 2026 financial results through a press release. The 8-K references the full earnings details in the attached exhibit, which investors should review for revenue, earnings per share, segment performance, and management commentary on the quarter's results.
Added in current filing · view on EDGAR → · paraphrased
A copy of the Company's second quarter earnings presentation is attached as Exhibit 99.2 to this Report on Form 8-K and is incorporated herein by reference.
Goldman Sachs provided a supplemental earnings presentation for the second quarter. This presentation typically includes detailed financial tables, segment breakdowns, key metrics, and visual summaries that complement the press release and help investors analyze the quarter's performance.
Event · Item 7.01 — Regulation FD Disclosure
Goldman Sachs disclosed information under Regulation FD, typically routine investor communications or updates.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Item 7.01 Regulation FD Disclosure
The company filed an 8-K under Item 7.01, which covers disclosures made to comply with Regulation Fair Disclosure. This regulation requires public companies to disclose material information to all investors simultaneously. The filing body contains only the item header with no additional detail about what was disclosed, suggesting this may be a cover filing for attached exhibits or presentations.
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
Net revenues were $20.34 billion and net earnings were $6.63 billion for the second quarter ended June 30, 2026. ... Diluted earnings per common share (EPS) was $20.98 for the second quarter of 2026 compared with $10.91 for the second quarter of 2025 and $17.55 for the first quarter of 2026
Goldman Sachs reported second-quarter 2026 net revenues of $20.34 billion and net earnings of $6.63 billion. Diluted EPS was $20.98, up 92% from $10.91 in Q2 2025 and up 20% from $17.55 in Q1 2026. The strong performance was driven by significantly higher revenues in Global Banking & Markets, particularly in investment banking fees (up 55% year-over-year) and equities (up 72% year-over-year).
Added in current filing · view on EDGAR →
On July 13, 2026, the Board of Directors of The Goldman Sachs Group, Inc.
increased the quarterly dividend to $5.00 per common share from $4.50 per
common share. The dividend will be paid on September 29, 2026 to common
shareholders of record on September 1, 2026.
The Board raised the quarterly dividend by 11%, from $4.50 to $5.00 per common share, payable September 29, 2026 to shareholders of record on September 1, 2026. This marks the company's confidence in sustained earnings power and returns capital to shareholders alongside the $4.00 billion in share repurchases executed during the quarter.
Added in current filing · view on EDGAR →
The firm’s
Investment banking fees backlog ... increased compared with both the end of
the first quarter of 2026 and the end of 2025.
Goldman's investment banking backlog — the pipeline of announced but not yet completed deals — increased sequentially from Q1 2026 and year-over-year from year-end 2025. This suggests continued momentum in advisory, underwriting, and capital-markets activity heading into the second half of 2026, supporting forward revenue visibility.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
Net Revenues $ in millions 2Q26 $20,338 2Q26 YTD $37,565 Net Earnings $ in millions 2Q26 $6,628 2Q26 YTD $12,258 Annualized ROE2 2Q26 23.5% 2Q26 YTD 21.7% Annualized ROTE2 2Q26 25.5% 2Q26 YTD 23.4% Book Value Per Share 2Q26 $367.67 YTD Growth 2.8% EPS1 2Q26 $20.98 2Q26 YTD $38.51
Goldman Sachs reported record second-quarter 2026 net revenues of $20.3 billion and net earnings of $6.6 billion, producing diluted earnings per share of $20.98. The annualized return on equity was 23.5% for the quarter. Book value per common share increased 2.8% year-to-date to $367.67.
Added in current filing · view on EDGAR →
Global Banking & Markets $ 15,520 22% 53% $ 28,258 35%
Global Banking & Markets segment generated record net revenues of $15.5 billion in Q2 2026, up 53% year-over-year. This included record performance in Equities ($7.4 billion), record Debt underwriting ($1.0 billion), and record FICC financing ($1.2 billion). Investment banking fees totaled $3.4 billion, up 55% year-over-year.
Added in current filing · view on EDGAR →
Record AUS4 of $4.04 trillion; 34th consecutive quarter of long-term fee-based net inflows; record third-party alternatives fundraising
Assets under supervision reached a record $4.04 trillion, driven by $230 billion of total net inflows during the quarter and $161 billion of net market appreciation. The firm achieved its 34th consecutive quarter of long-term fee-based net inflows. Record third-party alternatives fundraising of $59 billion was raised across strategies during the quarter.
Added in current filing · view on EDGAR →
Increased quarterly dividend by 11% to $5.00 per common share in 3Q26
The Board increased the quarterly common stock dividend by 11% quarter-over-quarter to $5.00 per share for the third quarter of 2026, representing a 25% increase year-over-year. During Q2 2026, the firm returned $5.36 billion to common shareholders through $4.00 billion in share repurchases and $1.36 billion in dividends.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify