The Goldman Sachs Group, Inc. (GS) Announced Q2 2026 Earnings on July 14, 2026, Reporting "record revenues of $20.3 billion".

The Goldman Sachs Group, Inc. reported second quarter 2026 "record revenues of $20.3 billion, record earnings per share of $20.98 and an ROE of 23.5% and an ROTE of 25.5%". For the second quarter, management stated "Global Banking & Markets revenues were a record $15.5 billion in the second quarter". Additionally, "Asset & Wealth Management revenues were up 20% year-over-year to $4.6 billion" in the second quarter.

The company also noted that "firm-wide net interest income was $4 billion in the second quarter" and "Total operating expenses were $11.7 billion for the quarter".During the quarter, management highlighted that "total assets under supervision ended the quarter at a record $4 trillion," which was "supported by $91 billion of long-term net inflows across asset classes". Executives noted that the "investment banking backlog increased to its highest level in 5 years". The firm also reported "record equities intermediation revenues of $4.2 billion" which "increased 60% year-over-year," and mentioned that they "repurchased $4 billion of common stock in the quarter".Regarding forward guidance and strategic themes, management stated "we now expect full year fundraising to exceed $125 billion". For Platform Solutions, they "expect quarterly revenues for the remainder of the year to be broadly consistent with the second quarter". Executives noted that for the full year, "we continue to expect an effective tax rate of approximately 20%". Management also shared that they "expect these fees to increase materially for the remainder of the year" regarding incentive fees.In notable announcements, the firm was "appointed to manage both Verizon and Lockheed Martin's retirement plans, which collectively represents $70 billion in assets under supervision". The company also highlighted their recent advisory work, "acting as a lead left bookrunner on the record-breaking IPO for SpaceX and equity raise for Alphabet". Management additionally mentioned their "recent acquisitions, Industry Ventures and Innovator are both showing solid momentum in the first few months of integration".