Goldman Sachs: 3Q26 Earnings Press Release
Goldman Sachs (GS) reported 3Q26 net revenues of $18.68B, up 23% YoY, and net earnings of $5.29B. EPS was $17.01, down from $20.98 in 2Q26. Global Banking & Markets revenues rose 32% YoY, while Asset & Wealth Management increased 14%. Platform Solutions saw a 72% decline. Operating expenses rose 20% YoY. The firm declared a $5.00 dividend and repurchased $3.00B in shares.
How this was made
The 30-second read
Why it matters
Traders will likely reassess earnings power by segment (Global Banking and Markets, Asset and Wealth Management, Platform Solutions) and risk costs via the provision for credit losses, then update expectations for subsequent quarters.
Market read
A full earnings print with segment breakdown and credit-loss provisions provides actionable inputs for near-term valuation and risk-cost expectations.
What to watch
Platform Solutions net revenues fell sharply due to Apple Card loan portfolio markdowns and held-for-sale transfer effects, which may distort underlying run-rate comparisons.
Background
This is Goldman Sachs’ third-quarter 2026 earnings release, including consolidated results, segment revenue drivers, credit-loss provisions, and capital return items.
Ticker impact
Goldman Sachs reported 3Q26 net revenues of $18.68B and diluted EPS of $17.01, plus segment drivers and credit-loss provisions.
Likely mixed reaction as higher year-over-year revenues and EPS are offset by sequential revenue decline and higher provisions.
The article provides the company’s own quarterly revenue, EPS, and provision figures, plus specific segment explanations (IBM&A volumes, equities financing, and wholesale loan impairments) that traders will map to earnings power and risk costs.
Market effects
Large-bank earnings details can influence sentiment around investment banking activity, prime financing, and credit quality across the sector.
Primarily US large-cap financials sentiment, with potential spillover to global bank peers via read-across on trading and underwriting conditions.
Global markets participants may use the segment mix (IB, FICC, equities) as a signal for broader capital-markets activity.
Counterpoint
Sequential net revenue decline and higher credit-loss provisions could outweigh the year-over-year EPS strength, implying the market may focus more on durability than headline growth.
Key entities
- companyThe Goldman Sachs Group, Inc.
Reported 3Q26 net revenues of $18.68B, net earnings of $5.29B, and diluted EPS of $17.01, with segment and credit-loss detail.
- segmentGlobal Banking & Markets
Net revenues $13.46B, with investment banking fees up and equities and FICC components described as drivers.
- metricProvision for Credit Losses
$368M in 3Q26, primarily reflecting impairments related to wholesale loans.
- capital returnDividend and Repurchases
Declared $5.00 per common share dividend and reported $4.49B returned to common shareholders during the quarter.
