OpenNashEarnings

Banking · NYSE: GS

Goldman Sachs earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 14 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Goldman Sachs reported third quarter net revenues of $18.68 billion, net earnings of $5.29 billion and diluted EPS of $17.01.

Goldman Sachs earned $5.29 billion on net revenues of $18.68 billion, 23% higher than a year earlier but 8% lower than the second quarter. Diluted EPS was $17.01, and annualized ROE was 18.7%. Equities and advisory drove the year-over-year gain. Asset & Wealth Management hit record management fees, and assets under supervision reached a record $4.10 trillion. A charitable contribution of about $450 million cut EPS by roughly $1.00.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗

Quarters

KPI history

Revenue$18.7B+23.0% y/yQ3 2026
Q4 2024: $13.9B (worked out from the annual figure)Q4 ’24$13.9BQ1 2025: $15.1BQ1 ’25$15.1BQ2 2025: $14.6BQ2 ’25$14.6BQ3 2025: $15.2BQ3 ’25$15.2BQ4 2025: $13.5B (worked out from the annual figure)Q4 ’25$13.5BQ1 2026: $17.2BQ1 ’26$17.2BQ2 2026: $20.3BQ2 ’26$20.3BQ3 2026: $18.7BQ3 ’26$18.7B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$13.9B *
Q1 2025$15.1B
Q2 2025$14.6B
Q3 2025$15.2B
Q4 2025$13.5B *
Q1 2026$17.2B
Q2 2026$20.3B
Q3 2026$18.7B
Diluted EPS (GAAP)$17.01+38.9% y/yQ3 2026
Q1 2025: $14.12Q1 ’25$14.12Q2 2025: $10.91Q2 ’25$10.91Q3 2025: $12.25Q3 ’25$12.25Q1 2026: $17.55Q1 ’26$17.55Q2 2026: $20.98Q2 ’26$20.98Q3 2026: $17.01Q3 ’26$17.01
Data
Q1 2025$14.12
Q2 2025$10.91
Q3 2025$12.25
Q1 2026$17.55
Q2 2026$20.98
Q3 2026$17.01

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Free cash flow$3.7B+72.3% y/yQ3 2026
Q4 2024: $46.2BQ4 ’24$46.2BQ1 2025: -$37.7BQ1 ’25-$37.7BQ2 2025: $5.2BQ2 ’25$5.2BQ3 2025: $2.1BQ3 ’25$2.1BQ4 2025: -$16.8BQ4 ’25-$16.8BQ1 2026: -$32.4BQ1 ’26-$32.4BQ2 2026: $5.6BQ2 ’26$5.6BQ3 2026: $3.7BQ3 ’26$3.7B
Data
Q4 2024$46.2B
Q1 2025-$37.7B
Q2 2025$5.2B
Q3 2025$2.1B
Q4 2025-$16.8B
Q1 2026-$32.4B
Q2 2026$5.6B
Q3 2026$3.7B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$13.9Bd$15.1B$14.6B$15.2B$13.5Bd$17.2B$20.3B$18.7B
Net income$4.1Bd$4.7B$3.7B$4.1B$4.6Bd$5.6B$6.6B$5.3B
Diluted EPS—$14.12$10.91$12.25—$17.55$20.98$17.01
Operating cash flow$46.8Bd-$37.2B$5.7Bd$2.7Bd-$16.3Bd-$31.9B$6.1Bd$4.2Bd
Capital expenditure$586.0Md$499.0M$476.0Md$558.0Md$531.0Md$565.0M$502.0Md$525.0Md
Free cash flow$46.2B-$37.7B$5.2B$2.1B-$16.8B-$32.4B$5.6B$3.7B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings