Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for The Goldman Sachs Group, Inc. (GS) is 7/10.
Goldman Sachs generated net revenues of $17.2 billion and earnings per share of $17.55 in the first quarter, both the second highest in firm history, on a 19.8% return on equity and a 21.3% ROTE. Global Banking & Markets set a segment record at $12.7 billion with an ROE above 22%, led by record equities net revenues of $5.3 billion and advisory revenues of $1.5 billion, up 89% year-over-year on higher completed volumes. FICC net revenues were $4 billion as significantly lower rates and mortgages results were partly offset by stronger currencies and commodities, while combined FICC and equities financing revenues of $3.7 billion rose 36% to nearly 40% of the two businesses' total. Asset & Wealth Management ended the quarter with a record $3.7 trillion in assets under supervision, $62 billion of long-term net inflows and $26 billion of alternatives fundraising that included $10 billion in credit. Management said the M&A backlog held near its four-year high despite record accruals, and the firm returned $6.4 billion to shareholders, including $5 billion of buybacks, and ended at a 12.5% CET1 ratio.
Scored from The Goldman Sachs Group, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
Full Pro access for 30 days when you create a free account. No credit card required.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $32.24B | +13.3% | $11.95 | +116.1% | 16.3% | 12.8% |
| FY2025 Q1 | $31.55B | -2.6% | $14.12 | +21.9% | 17.9% | 15.0% |
| FY2025 Q2 | $31.27B | +0.3% | $10.95 | +27.0% | 15.9% | 11.9% |
| FY2025 Q3 | $32.15B | +2.0% | $12.25 | +45.8% | 16.8% | 12.7% |
| FY2025 Q4 | $30.13B | -6.6% | $14.00 | +17.2% | 19.4% | 15.3% |
| FY2026 Q1 | $17.23B | +13.9% | $17.55 | +24.3% | 37.7% | 32.7% |
| FY2026 Q2 | $38.43B | +22.9% | $20.98 | +91.6% | 30.0% | 17.2% |