GS · Full Picture

GOLDMAN SACHS GROUP INC — the full picture

Earnings window · 2026-07-14 to 2026-11-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 88
    +40.8% revenue (realized); 3 sources (news, press_release, transcript); 3 forward row(s); quote_verified
    Goldman Sachs anticipates its revenue base to reach approximately $70 billion this year, up from $30 billion in 2018-19.
  2. Investment Banking and Trading Revenue · UnclassifiedPriority 73
    +83.3% revenue (realized); 3 sources (news, press_release, transcript); quote_verified
    Goldman Sachs advised on $1.5 trillion of announced transactions for the year.
  3. Operating Expense Trends · Operating expenses (SG&A)Priority 73
    -25.8% operating_income (realized); 3 sources (news, press_release, transcript); 1 forward row(s); quote_verified
    GOLDMAN SACHS GROUP INC: Year-to-date compensation ratio is 30%, and management said that is their best estimate for what they expect for the year.
  4. Acquisitions and Divestitures · M&A and divestituresPriority 69
    2 sources (news, press_release); 6 forward row(s); quote_verified
    Goldman Sachs Group Inc will acquire Neos Investments in a deal valued at up to $2.25 billion.
  5. Trading Revenue · Revenue growth & mixPriority 69
    +17.0% revenue (realized); 2 sources (news, transcript); quote_verified
    Equities net revenues in Q3: $6.4 billion, up 72% year-over-year.
  6. Capital Markets Activity · UnclassifiedPriority 68
    -0.4% operating_income; 3 sources (news, press_release, transcript); 7 forward row(s); quote_verified
    Investment banking fees in 2Q26: $3.40 billion, 55% higher than 2Q25.
  7. Asset Management Acquisitions · M&A and divestituresPriority 67
    2 sources (news, transcript); 8 forward row(s); quote_verified
    The NEOS acquisition will bring Goldman Sachs' global active ETF assets under supervision to over $90 billion and establish Goldman Sachs among the top 8 providers by assets under supervision and top 6 by revenue.
  8. Dividend Increase · Buybacks & dividendsPriority 67
    3 sources (news, press_release, transcript); 3 forward row(s); quote_verified
    Goldman Sachs reported quarterly EPS of $20.98 and revenue of $20.34 billion and increased its quarterly dividend to $5.00 per share.
  9. Capital Markets Cycle Outlook · Guidance & outlookPriority 66
    2 sources (news, transcript); 4 forward row(s); quote_verified
    Goldman strategists anticipate S&P 500 companies to report a 25% jump in third-quarter profits.
  10. Private Markets Expansion · Capacity & footprint expansionPriority 66
    2 sources (news, transcript); 2 forward row(s); quote_verified
    Gross third-party alternatives fundraising: $37 billion in the quarter and $122 billion year-to-date; full-year fundraising now expected to be roughly $150 billion.
  11. Capital Return Program · Buybacks & dividendsPriority 64
    3 sources (news, press_release, transcript); 3 forward row(s); quote_verified
    Goldman Sachs announced a $4 billion share repurchase program
  12. Equity Trading Demand · Demand, orders & backlogPriority 62
    3 sources (news, press_release, transcript); quote_verified
    Equities financing revenues rose 96% to a record, driven primarily by elevated average prime balances and strong activity across Asia.

Threads by pillar

Revenue & Demand Priority 93 · 12 threads

Costs & Margins Priority 78 · 4 threads

Capital & Balance Sheet Priority 85 · 14 threads

Strategy & Portfolio Priority 84 · 15 threads

Legal, Regulatory & Policy Priority 46 · 7 threads

Guidance & Outlook Priority 73 · 5 threads

Macro & Market Conditions Priority 47 · 9 threads

Management & Governance Priority 34 · 3 threads

Shareholders & Street Priority 24 · 1 thread

Unclassified Priority 94 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income-0.4%+0.4%-57.1%
revenue——+150.6%
margin——+2.7%
net_income——+8.4%