What to Expect From Goldman Sachs' Q3 2026 Earnings Report

New York-based The Goldman Sachs Group, Inc. (GS) is a financial institution that provides a range of financial services for corporations, financial institutions, governments, and high-net worth individuals. With a market cap of $266.8 billion, the company specializes in investment banking, trading and principal investments, asset management and securities services. The leading global investment banking, securities, and asset and wealth management firm is expected to announce its fiscal third-quarter earnings for 2026 before the market opens on Tuesday, Oct. 13.

Ahead of the event, analysts expect Goldman Sachs to report a profit of $15.18 per share on a diluted basis, up 23.9% from $12.25 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

For the full year, analysts expect Goldman Sachs to report EPS of $69.64, up 35.7% from $51.32 in fiscal 2025. Its EPS is expected to rise 5.2% year over year to $73.24 in fiscal 2027. 

GS stock has underperformed the S&P 500 Index’s ($SPX) 15.7% gains over the past 52 weeks, with shares up 14.6% during this period. However, it outperformed the State Street Financial Select Sector SPDR ETF’s (XLF) marginal gains over the same time frame.

Goldman Sachs delivered a mixed stock performance despite strong operational momentum across investment banking and capital markets, which was driven by a global rebound in M&A advisory, underwriting, and equities trading. While the firm outpaced the XLF as traditional commercial banks faced pressure from narrowing net interest margins, elevated operating expenses, high market sensitivity, and persistent volatility dragged GS below its recent peaks during broader market sell-offs.

On Jul. 14, GS shares rose 9% after reporting Q2 results. Its EPS of $20.98 topped Wall Street expectations of $14.47. The company’s revenue was $20.3 billion, exceeding Wall Street forecasts of $16.5 billion.

Analysts’ consensus opinion on GS stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 26 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy,” 16 give a “Hold,” and one recommends a “Strong Sell.” GS’ average analyst price target is $1,150.74, indicating a potential upside of 25.6% from the current levels.