What is Goldman Sachs Group's investment banking?

Goldman Sachs Group (GS) reported investment banking of $2.84B in Q1 2026.

How has Goldman Sachs Group's investment banking changed year-over-year?

Goldman Sachs Group's investment banking increased by 48.4% year-over-year, from $1.92B to $2.84B.

What is the long-term trend for Goldman Sachs Group's investment banking?

Over 4 years (2021 to 2025), Goldman Sachs Group's investment banking has grown at a -9.8% compound annual growth rate (CAGR), from $14.14B to $9.35B.

Goldman Sachs Group GS Investment banking

Investment banking at other companies

Morgan StanleyMS

$2.29B+33.8%

Other financials

Income statement

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Revenue$17.2B+14.4%

Net income$5.6B+18.8%

EPS (diluted)$17.55+24.3%

Balance sheet

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Cash & equivalents$179.53B+7.2%

Total debt$2.1B-99.4%

Total equity$122.78B-1.2%

Total assets$2.06T+16.6%

Cash flow

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Operating cash flow-$31.9B+14.4%

CapEx$565.0M+13.2%

Free cash flow-$32.4B+14.0%

Valuation

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Market cap$323.49B+47.0%

Enterprise value$146.06B-78.7%

P/E17.9×+3.1×

P/S5.4×+1.3×

Profitability

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Net margin29.9%+2.5pp

FCF margin-108.3%—

Returns & leverage

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Return on equity14.6%+2.4pp

Debt / equity0×-2.7×

Where this comes from

Reported directly by Goldman Sachs Group in its filing.

Tagged under the XBRL concept us-gaap:InvestmentBankingRevenue.

The official record: Goldman Sachs Group’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Goldman Sachs Group's investment banking?: Goldman Sachs Group (GS) reported investment banking of $2.84B in Q1 2026.
How has Goldman Sachs Group's investment banking changed year-over-year?: Goldman Sachs Group's investment banking increased by 48.4% year-over-year, from $1.92B to $2.84B.
What is the long-term trend for Goldman Sachs Group's investment banking?: Over 4 years (2021 to 2025), Goldman Sachs Group's investment banking has grown at a -9.8% compound annual growth rate (CAGR), from $14.14B to $9.35B.