Goldman Sachs Q1 Profit Soars 19% to $5.6bn on Strong Investment Banking Fees
Goldman Sachs posted net earnings of $5.6bn for Q1 2026, up 19% year-on-year, with diluted EPS rising to $17.55 from $14.12. Total net revenues climbed 14% to $17.23bn, supported by a 48% jump in investment banking fees and a 27% increase in equities revenues.
1. Overall First-Quarter Results
Goldman Sachs posted net earnings of $5.6bn for Q1 2026, a 19% increase from Q1 2025, with diluted earnings per share rising to $17.55 from $14.12. Total net revenues climbed 14% year-on-year to $17.23bn.
2. Banking and Markets Breakdown
Investment banking fees surged 48% to $2.84bn driven by higher advisory revenues from completed mergers and acquisitions. Global Banking & Markets generated $12.74bn in net revenues, up 19%, with equities revenues up 27% to $5.33bn and FICC revenues down 10% to $4.01bn.
3. Asset Management and Platform Solutions
Asset & Wealth Management net revenues reached $4.08bn, up 10% from a year earlier but down 14% sequentially, reflecting higher management fees partly offset by weaker private banking revenues. Platform Solutions revenues dipped to $411m from $610m a year ago and $(1.68)bn in Q4, largely due to markdowns on the Apple Card loan portfolio held for sale.
4. Credit Provisioning
Provision for credit losses rose to $315m from $287m a year earlier, reversing a $2.12bn net benefit in Q4 2025. The increase primarily reflects higher wholesale loan growth and related impairments.