Goldman Sachs Q1 FY26: where the revenue came from and where it went
The whole income statement of Goldman Sachs for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- May 1, 2026
Revenue$17.23B
+14% year over year
Operating profit$6.49B
38% margin
Net profit$5.63B
33% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 17.23 | 100% | +14% |
| Global banking & markets | 12.74 | 74% | +19% |
| Asset & wealth management | 4.08 | 24% | +10% |
| Platform solutions | 0.41 | 2% | −33% |
| Operating expenses | −10.74 | 62% | |
| Compensation | −5.41 | 31% | +0pp |
| Occupancy | −0.25 | 2% | +0pp |
| Professional services | −0.38 | 2% | +0pp |
| Technology | −0.58 | 3% | +0pp |
| Credit provisions | −0.32 | 2% | +0pp |
| Other | −3.80 | 22% | +0pp |
| Operating profit | 6.49 | 38% margin | +0pp |
| Tax | −0.86 | ||
| Net profit | 5.63 | 33% margin | +1pp |
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