Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Q2 2026 Earnings Presentation
14 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Jul 14, 2026
Slide 1: Second Quarter 2026 Earnings Results Presentation
Second Quarter 2026 Earnings Results Presentation July 14, 2026
Slide 2: Results Snapshot
Results Snapshot Net Revenues Annualized ROE2 $ in millions 2Q26 $20,338 2Q26 23.5% “Our record performance this quarter reflects 2Q26 YTD $37,565 2Q26 YTD 21.7% the strength of our global franchise, the depth of our relationships, and our ability to harness Net Earnings $ in millions Annualized ROT
Slide 3: Financial Overview
Financial Overview Financial Results Financial Overview Highlights vs. ■ 2Q26 results included EPS1 of $20.98 and ROE of 23.5% $ in millions vs. vs. 2Q26 2Q25 ‐ Net revenues were a record and significantly higher YoY, primarily reflecting significantly except per share amounts 2Q26 1Q26 2Q25 YTD YTD
Slide 4: Global Banking & Markets
Global Banking & Markets Financial Results Global Banking & Markets Highlights vs. ■ 2Q26 net revenues were a record and significantly higher YoY vs. vs. 2Q26 2Q25 ‐ Investment banking fees reflected significantly higher net revenues in Equity underwriting $ in millions 2Q26 1Q26 2Q25 YTD YTD and in
Slide 5: Global Banking & Markets – Net Revenues
Global Banking & Markets – Net Revenues Net Revenues Global Banking & Markets Net Revenues Highlights vs. ■ 2Q26 Investment banking fees were significantly higher YoY vs. vs. 2Q26 2Q25 ‐ Advisory reflected an increase in industry-wide completed mergers and acquisitions $ in millions 2Q26 1Q26 2Q25 Y
Slide 6: Asset & Wealth Management
Asset & Wealth Management Financial Results Asset & Wealth Management Highlights vs. ■ 2Q26 net revenues were significantly higher YoY vs. vs. 2Q26 2Q25 ‐ Record Management and other fees primarily reflected the impact of higher average AUS $ in millions 2Q26 1Q26 2Q25 YTD YTD ‐ Investments primaril
Slide 7: Asset & Wealth Management – Assets Under Supervision
Asset & Wealth Management – Assets Under Supervision AUS by Asset Class4 AUS Highlights4 ■ During the quarter, AUS increased $391 billion to a record $4.04 trillion $ in billions 2Q26 1Q26 2Q25 ‐ Net inflows across asset classes, primarily driven by liquidity products and equity Alternative investme
Slide 8: Asset & Wealth Management - Alternative Investments
Asset & Wealth Management - Alternative Investments On-Balance Sheet Alternative Investments4 Alternative Investments Highlights4 ■ 2Q26 Management and other fees from alternative investments were $725 million, up 22% $ in billions 2Q26 compared with 2Q25 Loans $ 5.4 ■ During the quarter, alternativ
Slide 9: Platform Solutions
Platform Solutions Financial Results Platform Solutions Highlights vs. ■ 2Q26 net revenues were significantly lower YoY, primarily reflecting net markdowns vs. vs. 2Q26 2Q25 recognized in net revenues related to the Apple Card loan portfolio, which was transferred to $ in millions 2Q26 1Q26 2Q25 YTD
Slide 10: Loans and Net Interest Income
Loans and Net Interest Income Loans by Type4 Loans and Net Interest Income Highlights4 ■ 2Q26 loans increased QoQ $ in billions 2Q26 1Q26 2Q25 ‐ Gross loans by type: $234 billion - amortized cost, $5 billion - fair value, $24 billion - held for sale Corporate $ 35 $ 38 $ 33 ‐ Average loans of $261 b
Slide 11: Expenses
Expenses Financial Results Expense Highlights vs. ■ 2Q26 total operating expenses were significantly higher YoY vs. vs. 2Q26 2Q25 ‐ Compensation and benefits expenses were significantly higher, reflecting improved $ in millions 2Q26 1Q26 2Q25 YTD YTD operating performance Compensation and benefits $
Slide 12: Capital and Balance Sheet
Capital and Balance Sheet Capital4 Capital and Balance Sheet Highlights4 ■ Both Standardized and Advanced CET1 capital ratios increased QoQ, reflecting a decrease in 2Q26 1Q26 4Q25 market and credit RWAs Standardized CET1 capital ratio 12.9% 12.5% 14.3% ■ SLR decreased QoQ, reflecting an increase in
Slide 13: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current con
Slide 14: Footnotes
Footnotes 1. Diluted EPS includes the dilutive effect of instruments that are convertible into common shares and other share-based arrangements. 2. Annualized return on average common shareholders’ equity (ROE) is calculated by dividing annualized net earnings applicable to common shareholders by av
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