Banking giant Goldman Sachs Group, Inc. (NYSE: GS) reported stronger-than-expected earnings for the first quarter of fiscal 2026. Total revenues climbed 14% during the three months.
First-quarter earnings, on a per-share basis, rose sharply to $17.55 from $14.12 in the corresponding quarter of fiscal 2025. Net income was $5.63 billion in the first quarter, compared to $4.74 billion in the prior-year quarter.
Driving the bottom-line growth, first-quarter revenues increased 14% to $17.23 billion from $15.06 billion in the comparable period a year earlier. The top line exceeded Wall Street’s expectations. At $3.56 billion, net interest income was up 23% year-over-year. Total non-interest revenues jumped 12% annually to $13.7 billion during the three months.
The board of directors declared a dividend of $4.50 per common share, payable on June 29, 2026, to shareholders of record on June 1, 2026. In the first quarter, the bank returned $6.38 billion of capital to common shareholders, including $5.00 billion of share repurchases and $1.38 billion of stock dividends.