Goldman Sachs reported third-quarter 2026 net revenues of $18.68 billion, up 23% from the third quarter of 2025 but down 8% from the second quarter of 2026. Diluted earnings per share were $17.01, compared with $12.25 a year earlier and $20.98 in the prior quarter, so shareholders see higher year-over-year profit but a sequential decline.
Net revenues $18.68 billion, up 23% year over year and down 8% from the second quarter of 2026
Diluted EPS $17.01 versus $12.25 in Q3 2025 and $20.98 in Q2 2026; net earnings $5.29 billion
Annualized return on average common shareholders' equity 18.7%; book value per share $372.64
Board declared a $5.00 per share dividend payable December 30, 2026, to holders of record on December 2, 2026
Goldman Sachs announced a proposed public offering of depositary shares representing interests in a new series of fixed-rate reset preferred stock. The company says it may use part of the proceeds to redeem all of its outstanding 3.65% Series U preferred stock, but pricing has not occurred and there is no assurance the offering will close or that any redemption will happen.
Offering of depositary shares, each representing 1/25th interest in a share of new Series AA Fixed-Rate Reset Non-Cumulative Preferred Stock
Proceeds may be used to redeem all outstanding 3.65% Series U preferred stock, $25,000 liquidation preference per share
Offering is subject to pricing and market conditions; described in preliminary prospectus supplement dated July 20, 2026
Goldman Sachs reported second-quarter 2026 net revenues of $20.34 billion and net earnings of $6.63 billion, compared with $14.58 billion in revenue for the same quarter of 2025. Diluted EPS was $20.98, up from $10.91 a year earlier, and the board raised the quarterly dividend to $5.00 per share from $4.50 starting in the third quarter, which matters to shareholders because it increases cash returned to them.
Net revenues were $20.34 billion, up 39% from the second quarter of 2025 and 18% from the first quarter of 2026.
Diluted EPS was $20.98 versus $10.91 a year earlier; net earnings were $6.63 billion.
Quarterly dividend increased to $5.00 per share from $4.50, payable September 29, 2026 to holders of record on September 1, 2026.
Operating expenses rose 26% year over year to $11.67 billion; the firm returned $5.36 billion to common shareholders during the quarter.
Goldman Sachs said the Federal Reserve released its 2026 Comprehensive Capital Analysis and Review results and that the firm remains well capitalized. The firm intends to raise its common dividend from $4.50 to $5.00 per share starting July 1, 2026, subject to Board approval at its scheduled third quarter meeting.
Planned dividend rise from $4.50 to $5.00 per share, effective July 1, 2026, subject to Board approval at the third quarter meeting
Dividend increase is 11% above current levels and 25% above the prior year, per the filing
Stress capital buffer stays at 3.4% through September 30, 2027; CET1 requirement stays at 11.4%
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
