Marcin Frąckiewicz

April 14, 2026, 5:16 AM EDT. Goldman Sachs reported Q1 2026 earnings per share of $17.55, surpassing estimates by 7.4% and marking a 24.3% annual rise. Equities revenues hit a record $5.33 billion, up 27%, driven by volatile markets. Investment banking fees surged 48% to $2.84 billion, fueled by a strong advisory segment with an 89% increase in merger and acquisition fees. Overall net revenues rose 14.4% to $17.23 billion. Operating expenses climbed 14% to $10.43 billion, mainly due to transaction costs and compensation. Despite higher costs, efficiency held steady at 60.5%. Net earnings attributable to common shareholders grew 18% to $5.4 billion. Assets under supervision hit a record $3.65 trillion, with substantial inflows. Shares fell nearly 4% in early trading amid rising expenses and credit loss provisions.