Goldman Sachs posted record equities trading earnings for the first quarter, helping drive the firm to its second-highest quarterly revenue total.
The company announced first-quarter net revenues of $17.23 billion, 14% higher than the first quarter of 2025 and 28% higher than the fourth quarter of 2025.
In Q1, net revenues in Global Banking & Markets were $12.74 billion, 19% higher than the first quarter of 2025 and 22% higher than the fourth quarter of 2025.
Diluted earnings per share (EPS) reached $17.55, with an annualized return on average common shareholders’ equity of 19.8%. Equities revenue rose 27% to $5.33 billion.
Investment banking fees climbed 48% to $2.84 billion.
Net revenues in Asset & Wealth Management were $4.08 billion for the first quarter of 2026, 10% higher than the first quarter of 2025.
David Solomon, Chairman and CEO of Goldman Sachs, told investors, “Goldman Sachs delivered very strong performance for our shareholders this quarter, even as market conditions became more volatile. Our clients continue to depend on us for high quality execution and insights amid the broader uncertainty, and we remain confident in how we’ve positioned our businesses. The geopolitical landscape remains very complex – so disciplined risk management must remain core to how we operate.”
Goldman Sachs Shares fell more than 4% in premarket trading following the announcement.
By CEO NA Editorial Staff
