Goldman Sachs Group Inc. (The) (GS) earnings date & stock reaction
GS · Goldman Sachs Group Inc. (The) · Financials
“We delivered very strong performance in the third quarter, generating net revenues of $18.7 billion, the second highest in our history, earnings per share of $17.01, an ROE of 18.7%.”
“Management and other fees rose 22% year-over-year to a record $3.6 billion, reflecting the impact of higher average assets under supervision.”
- ▲Surge in Global Banking and Markets revenue
- Global Banking and Markets revenue reached $13.46 billion, up 32% vs last year.
- Equities revenue jumped 72% vs last year to $6.44 billion, driving overall performance.
- ▲Record performance in Asset and Wealth Management
- Asset and Wealth Management revenue grew 14% vs last year to $5.05 billion.
- Management and other fees hit a record $3.6 billion, up 22% vs last year.
- ▲Continued growth in assets under supervision
- Total assets under supervision reached a record $4.1 trillion.
- Long-term net inflows of $97 billion marked the 35th consecutive quarter of inflows.
- ▼Sharp decline in Platform Solutions revenue
- Platform Solutions revenue fell 72% vs last year to $170 million.
- The decline was primarily due to markdowns related to the Apple Card loan portfolio.
- ▼Increase in provision for credit losses
- Provision for credit losses was $368 million, up from $339 million vs last year.
- The increase reflects impairments related to wholesale loans.
- ▼Significant rise in operating expenses
- Total operating expenses rose 20% vs last year to $11.31 billion.
- Higher transaction-based expenses and charitable contributions drove the increase.
Price after the latest report
Goldman Sachs Group Inc. (The) (GS) rose the day after earnings in 8 of its last 12 reports (67%), moving ±2.7% on average. It has fallen despite beating the consensus estimate 4 times.
When results drop, check the metric above vs last quarter and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
4/12 beats fell next day · watches Trading · IB fees · asset mgmt
- Sep 2026 report-0.1%
- Jun 2026 report+9.0%
- Mar 2026 report-1.9%
- Dec 2025 report+4.6%
- Sep 2025 report-2.0%
- Jun 2025 report+0.9%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 9/2026 | 2026-10-13 | +30.0% | -0.1% | — |
| 6/2026 | 2026-07-14 | +44.3% | +9.0% | +0.9% |
| 3/2026 | 2026-04-13 | +8.1% | -1.9% | +2.0% |
| 12/2025 | 2026-01-15 | +19.1% | +4.6% | +2.4% |
| 9/2025 | 2025-10-14 | +10.5% | -2.0% | -3.0% |
| 6/2025 | 2025-07-16 | +13.4% | +0.9% | -0.3% |
12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Goldman Sachs Group Inc. (The) earnings date?
The next Goldman Sachs Group Inc. (The) (GS) earnings report is expected Tue, January 19 around 8:00 AM ET, before the open. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
Does Goldman Sachs Group Inc. (The) (GS) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 8 of them (67%). The average move on earnings day was ±2.7%.
Does Goldman Sachs Group Inc. (The) react more to the earnings numbers or to guidance?
In 4 of the last 12 reports (33%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Goldman Sachs Group Inc. (The) stock fall even when earnings are good?
Yes. In 4 of the last 12 reports, Goldman Sachs Group Inc. (The) fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Goldman Sachs Group Inc. (The) stock keep moving after the earnings day?
Over the last 11 reports, the move continued in the same direction for the following five trading days 45% of the time. This tendency is known as post-earnings announcement drift.