Goldman Sachs's first quarter 2026 revenue and EPS beat estimates, driven by a 48% surge in investment banking fees.

Goldman Sachs reported first quarter 2026 net revenues of $17.23 billion and diluted EPS of $17.55, beating analyst estimates on both the top and bottom lines.

Key Highlights

• Investment banking fees surged by 48% year-over-year to $2.84 billion, driven by a significant increase in completed M&A volumes and higher equity underwriting.
• The Global Banking & Markets segment was the primary growth driver, with net revenues climbing 19% year-over-year to $12.74 billion.
• Equities revenues also showed strength, increasing 27% year-over-year to $5.33 billion, led by a significant increase in prime financing.