Goldman Sachs reports record quarterly net revenues of $20.34bn

Goldman Sachs reported net revenues of $20.34bn for the second quarter ended June 30, 2026, and net earnings of $6.63bn. Cris Tolomia at Quartz reported the results. Diluted earnings per common share reached $20.98, up from $10.91 in the same quarter a year earlier.

Annualized return on average common shareholders' equity was 23.5 percent. Return on tangible common equity was 25.5 percent. Equities trading generated $7.42bn. Goldman was lead left underwriter on the SpaceX initial public offering, which priced in June at $135 per share and raised $75bn. The firm filed the release with the SEC on Form 8-K on July 14. Goldman reported the same day as JPMorgan Chase, Bank of America, Wells Fargo and Citigroup.