The Goldman Sachs Group, Inc. (GS) Announced Q1 2026 Earnings on April 13, 2026, Reporting "net revenues of $17.2 billion".

The Goldman Sachs Group, Inc. reported first quarter 2026 "net revenues of $17.2 billion, net earnings of $5.6 billion and earnings per share of $17.55". Management stated that these results drove a "return on equity of 19.8% and an ROTE of 21.3%". For the first quarter, "Global Banking & Markets produced record revenues of $12.7 billion," while "Asset & Wealth Management revenues were $4.1 billion". Furthermore, "firm-wide net interest income was $3.7 billion in the first quarter," and "total quarterly operating expenses were $10.4 billion".During the quarter, "total assets under supervision ended the quarter at a record 3.7trillion,"achieving"62 billion long-term fee-based inflows". The company remained the "#1 M&A adviser globally," and management highlighted that their "quarter end backlog remained extraordinarily robust". Goldman Sachs also saw "record Equities financing revenues of $2.6 billion," which were "59% higher year-over-year," and they "expanded our lending to ultra-high net worth clients with balances rising to a record $46 billion".Regarding forward guidance and strategy, management noted that for the full year, "we expect a tax rate of approximately 20%". For Platform Solutions, they "expect revenues for the rest of the year to run lower, in line with seasonal trends in the business". Executives emphasized that they are "accelerating our investments in cloud migration, and in the accuracy, completeness and timeliness of our data" to optimize "the deployment of AI solutions across the firm". Management also reiterated their focus on "driving towards a 60% efficiency ratio".In product and partnership announcements, the company closed the "acquisition of Innovator in the second quarter, which adds an additional $31 billion in assets under supervision across a suite of over 170 ETF focused on defined outcome strategies". Executives noted this positions them "in the top 10 of global active ETF providers". Management also referenced their recent deals and partnerships, including T. Rowe and Industry Ventures, stating that they are "seeing enormous synergies in the business".