Goldman SachsGSEarnings & Financial Report
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is one of the largest investment banks in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue.
GS Q1 FY2026 Key Financial Metrics
Revenue
$17.2B
Gross Profit
N/A
Operating Profit
$6.8B
Net Profit
$5.6B
Gross Margin
N/A
Operating Margin
39.5%
Net Margin
32.7%
YoY Growth
18.6%
Goldman Sachs Q1 FY2026 Financial Summary
Goldman Sachs reported revenue of $17.2B (up 18.6% YoY) for Q1 FY2026, with a net profit of $5.6B (up 18.8% YoY) (32.7% margin).
Key Financial Metrics
| Total Revenue | $17.2B |
|---|---|
| Net Profit | $5.6B |
| Gross Margin | N/A |
| Operating Margin | 39.5% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Goldman Sachs Q1 FY2026 revenue of $17.2B breaks down across 12 segments, led by Management and other fees at $3.1B (17.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management and other fees | $3.1B | 17.9% |
| FICC intermediation | $2.9B | 17.1% |
| Equities intermediation | $2.7B | 15.8% |
| Equities financing | $2.6B | 15.1% |
| Advisory | $1.5B | 8.7% |
| FICC financing | $1.1B | 6.2% |
| Other | $972.0M | 5.6% |
| Debt underwriting | $811.0M | 4.7% |
| Private banking and lending | $638.0M | 3.7% |
| Equity underwriting | $535.0M | 3.1% |
| Incentive fees | $183.0M | 1.1% |
| Investments | $180.0M | 1.0% |
Goldman Sachs Annual Revenue by Year
Goldman Sachs annual revenue history includes year-by-year totals (for example, 2025 revenue was $58.3B).
| Year | Annual Revenue | |
|---|---|---|
| 2025 | $58.3B | — |
Goldman Sachs Quarterly Revenue & Net Profit History
Goldman Sachs results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $17.2B | +18.6% | $5.6B | 32.7% |
| Q4 FY2025 | $13.5B | — | $4.6B | 34.3% |
| Q3 FY2025 | $15.2B | +19.6% | $4.1B | 27.0% |
| Q2 FY2025 | $14.6B | +14.5% | $3.7B | 25.5% |
| Q1 FY2025 | $15.1B | +6.0% | $4.7B | 31.5% |
| Q3 FY2024 | $12.7B | +7.5% | $3.0B | 23.5% |
| Q2 FY2024 | $12.7B | +16.9% | $3.0B | 23.9% |
| Q1 FY2024 | $14.2B | +16.3% | $4.1B | 29.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.21B | $12.73B | $12.70B | $15.06B | $14.58B | $15.18B | $13.45B | $17.23B |
| YoY Growth | 16.3% | 16.9% | 7.5% | 6.0% | 14.5% | 19.6% | N/A | 18.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1698.44B | $1653.31B | $1728.08B | $1766.18B | $1785.01B | $1807.98B | $1809.32B | $2062.00B |
| Liabilities | $1579.89B | $1533.85B | $1606.88B | $1641.88B | $1660.91B | $1683.58B | $1684.35B | $1939.00B |
| Equity | $118.55B | $119.46B | $121.20B | $124.30B | $124.10B | $124.40B | $124.97B | $123.00B |
Cash Flow
| Q1 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Operating CF | $-28.04B | $-37.23B | $5.67B | $2.68B | $-16.28B |