Goldman Sachs posts strong Q3 2026 results, beating revenue and earnings estimates

Goldman Sachs reported third‑quarter 2026 net revenue of $18.68 billion, up 23% year‑over‑year, and net earnings of $5.29 billion, delivering diluted earnings of $17.01 per share. The beat was driven by a 32% rise in Global Banking & Markets revenue and a 72% surge in equities revenue, while the firm returned $4.49 billion to shareholders and declared a $5 quarterly dividend. Shares rose in pre‑market trading before settling only modestly above the prior close.

The earnings beat and higher dividend signal strong cash generation, supporting the $5 per‑share payout and the $3 billion share‑buyback program, which may sustain shareholder returns. Investors will watch whether the equities‑driven revenue growth can be repeated, as the bank’s forward P/E has narrowed to about 14×.

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