Goldman Sachs Q2 Revenue Hits $20.34B, EPS Doubles to $20.98, Beats Estimates

Goldman Sachs on July 14 reported second-quarter revenue of $20.34 billion, significantly exceeding analyst expectations of $16.12 billion, with earnings per share of $20.98 compared to the expected $14.38 and nearly doubling from $10.91 a year earlier. Net profit surged 78% year-over-year to $6.63 billion from $3.72 billion.

Equities trading revenue reached $7.42 billion, up 72% and marking a company record for the third consecutive quarter, while investment banking fees hit $3.4 billion, the highest since 2021. Recent deals including SpaceX's IPO and Alphabet's equity raise contributed to a 130% jump in underwriting revenue.