The bank reported all-time high net revenues and EPS, driven by strong dealmaking and AI infrastructure demand.
Goldman Sachs reported record second-quarter net revenues of $20.3 billion and earnings per share of $20.98, reflecting robust client activity and a surge in strategic transactions. Return on equity reached 23.5%, with Global Banking & Markets generating $15.5 billion in revenues, a quarterly high.
Investment banking backlog hit its second-highest level on record, fueled by a 90% increase in large-cap M&A volumes through the first half of 2026. Asset and Wealth Management revenues climbed 20% year over year to $4.6 billion, supported by rising demand for AI-related investments.
Executives attributed performance to a strong operating environment, deep client relationships, and the firm’s integrated business model. The results underscore Goldman’s positioning amid heightened dealmaking and technology-driven market activity.