Goldman Sachs earned $20.98 a share last quarter. Will its Q3 revenue top $17 billion when it reports Oct 13?
50% of users predicted YES — the community got this one right. 0 predictions cast.
Goldman Sachs reported third-quarter 2026 results on October 13, 2026, that topped Wall Street's revenue target. Net revenue rose 23% year-over-year to $18.68 billion, comfortably clearing both the $17 billion threshold and analyst consensus estimates of roughly $16.8 billion to $16.9 billion. Net earnings were $5.29 billion, or $17.01 per diluted share, up from $12.25 a year earlier and well above consensus EPS estimates near $13.
The beat was driven primarily by equities trading, where revenue surged 72% to $6.44 billion amid strong client activity in global stock markets. Investment banking fees rose 21% to $3.22 billion, while fixed income, currency and commodities (FICC) revenue slipped 1% to $3.47 billion. The results followed a record second quarter, bringing Goldman's nine-month 2026 revenue to roughly $56 billion.
Shares rose in early trading following the report, reflecting investor enthusiasm for the equities-led strength. The results extended a stretch of outperformance for large U.S. banks this earnings season, with trading and dealmaking revenue proving resilient despite a choppier macro backdrop earlier in the year.
The Predict Six community was evenly split heading into the report, with exactly 50% predicting revenue would top $17 billion -- matching the eventual outcome.