Goldman Sachs' second quarter revenue of $20.3 billion demolishes estimates, driven by surging Global Banking & Markets performance.

Goldman Sachs reported second quarter 2026 net revenues of $20.34 billion and diluted EPS of $20.98, significantly exceeding analyst expectations. The results reflect substantial year-over-year growth, primarily driven by strong performance in its Global Banking & Markets division.

Key Highlights

• Global Banking & Markets revenue surged 53% year-over-year to $15.52 billion, with strong performance across trading and banking.
• Investment Banking fees rebounded sharply, growing 55% year-over-year to $3.4 billion, led by significantly higher equity and debt underwriting activity.
• The firm announced an increase in its quarterly dividend to $5.00 per share, an 11% raise from the prior $4.50.