Pay costs
Keeping pay costs in check would leave more revenue for profit.
Goldman Sachs Group reports its Q4 FY2026 results on 19 January 2027, before the market opens. Analysts expect earnings per share of 15.93 USD and revenue of 17.73B USD.
In Q3 FY2026, reported on 13 October 2026, Goldman Sachs Group earned 17.01 USD a share against the 12.86 USD analysts expected (+32.3%), on revenue of 18.68B USD against 16.83B USD (+11.0%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2028 | 20.42 | — | — | +6.85% | 19.30B | — | — | +2.26% | — | |
| Q4 FY2027 | 18.53 | — | — | +16.31% | 18.57B | — | — | +4.73% | — | |
| Q1 FY2027 | 19.11 | — | — | +8.90% | 18.87B | — | — | +9.54% | — | |
| Q4 FY2026 | 15.93 | — | — | +13.70% | 17.73B | — | — | +31.80% | — | |
| Q3 FY2026 | 12.86 | 17.01 | +32.27% | +38.86% | 16.83B | 18.68B | +10.97% | +23.02% | -0.2% | |
| Q2 FY2026 | 14.54 | 20.98 | +44.29% | +92.30% | 16.22B | 20.34B | +25.35% | +39.46% | +9.1% | |
| Q1 FY2026 | 16.47 | 17.55 | +6.56% | +24.29% | 16.99B | 17.23B | +1.39% | +14.37% | -1.9% | |
| Q4 FY2025 | 11.70 | 14.01 | +19.74% | +17.24% | 14.52B | 13.45B | -7.34% | -2.99% | +4.6% | |
| Q3 FY2025 | 11.03 | 12.25 | +11.06% | +45.83% | 14.12B | 15.18B | +7.51% | +19.57% | -2.1% | |
| Q2 FY2025 | 9.65 | 10.91 | +13.06% | +26.57% | 13.51B | 14.58B | +7.98% | +14.55% | +0.9% | |
| Q1 FY2025 | 12.32 | 14.12 | +14.61% | +21.93% | 14.77B | 15.06B | +2.01% | +5.97% | +2.0% | |
| Q4 FY2024 | 8.03 | 11.95 | +48.82% | +118.07% | 12.36B | 13.87B | +12.23% | +22.54% | +6.0% | |
| Q3 FY2024 | 6.89 | 8.40 | +21.92% | +53.56% | 11.77B | 12.70B | +7.90% | +7.46% | -0.1% | |
| Q2 FY2024 | 8.34 | 8.62 | +3.36% | +179.87% | 12.35B | 12.73B | +3.10% | +16.85% | +2.6% | |
| Q1 FY2024 | 8.56 | 11.58 | +35.28% | +17.33% | 12.94B | 14.21B | +9.84% | +16.27% | +2.9% | |
| Q4 FY2023 | 3.51 | 5.48 | +56.13% | +65.06% | 9.87B | 11.32B | +14.72% | +6.84% | +0.7% | |
| Q3 FY2023 | 5.31 | 5.47 | +3.01% | -33.70% | 11.66B | 11.82B | +1.36% | -1.32% | -1.5% | |
| Q2 FY2023 | 3.18 | 3.08 | -3.14% | -60.16% | 10.84B | 10.90B | +0.53% | -8.17% | +1.0% | |
| Q1 FY2023 | 8.10 | 9.87 | +21.85% | -8.27% | 12.79B | 12.22B | -4.41% | -5.48% | -1.7% | |
| Q4 FY2022 | 5.48 | 3.32 | -39.42% | -69.29% | 10.76B | 10.59B | -1.51% | -16.19% | -6.5% | |
| Q3 FY2022 | 7.69 | 8.25 | +7.28% | -44.74% | 11.42B | 11.98B | +4.86% | -12.00% | +2.5% | |
| Q2 FY2022 | 6.58 | 7.73 | +17.48% | -48.54% | 10.81B | 11.86B | +9.80% | -22.90% | +2.6% | |
| Q1 FY2022 | 8.89 | 10.76 | +21.03% | -42.15% | 11.86B | 12.93B | +9.05% | -26.95% | -0.3% | |
| Q4 FY2021 | 11.76 | 10.81 | -8.08% | -10.51% | 13.07B | 12.64B | -3.31% | -5.00% | -7.0% | |
| Q3 FY2021 | 10.18 | 14.93 | +46.66% | +54.24% | 11.29B | 13.61B | +20.49% | +26.22% | +3.8% | |
| Q2 FY2021 | 10.24 | 15.02 | +46.68% | +139.94% | 11.92B | 15.39B | +29.08% | +0.02% | -1.2% | |
| Q1 FY2021 | 10.22 | 18.60 | +82.00% | +498.07% | 11.83B | 17.70B | +49.61% | +45.36% | +2.4% | |
| Q4 FY2020 | 7.47 | 12.08 | +61.71% | +157.57% | 13.81B | 13.30B | -3.65% | -3.54% | -2.3% | |
| Q3 FY2020 | 5.57 | 9.68 | +73.79% | +102.09% | 9.60B | 10.78B | +12.25% | -15.60% | +0.1% | |
| Q2 FY2020 | 3.97 | 6.26 | +57.68% | +7.75% | 20.68B | 15.39B | -25.59% | +8.73% | +1.5% | |
| Q1 FY2020 | 3.35 | 3.11 | -7.16% | -45.53% | 13.12B | 12.18B | -7.17% | -7.64% | +0.1% | |
| Q4 FY2019 | 5.47 | 4.69 | -14.26% | -22.35% | 16.49B | 13.79B | -16.38% | +61.65% | -0.1% | |
| Q3 FY2019 | 4.81 | 4.79 | -0.42% | -23.73% | 13.10B | 12.77B | -2.46% | -1.93% | +0.3% | |
| Q2 FY2019 | 4.89 | 5.81 | +18.81% | -2.84% | 12.08B | 14.15B | +17.15% | +46.85% | +1.9% | |
| Q1 FY2019 | 4.89 | 5.71 | +16.77% | -17.84% | 11.48B | 13.19B | +14.85% | +30.81% | -3.8% | |
| Q4 FY2018 | 4.45 | 6.04 | +35.73% | +6.34% | 9.73B | 8.53B | -12.36% | -20.01% | +9.6% | |
| Q3 FY2018 | 5.38 | 6.28 | +16.73% | +25.10% | 11.16B | 13.03B | +16.73% | +56.44% | +3.0% | |
| Q2 FY2018 | 4.66 | 5.98 | +28.33% | +51.39% | 10.56B | 9.64B | -8.77% | +22.18% | -0.1% | |
| Q1 FY2018 | 5.58 | 6.95 | +24.55% | +34.95% | 10.75B | 10.08B | -6.25% | -1.72% | -1.8% | |
| Q4 FY2017 | 4.90 | 5.68 | +15.92% | +11.81% | 10.04B | 10.67B | +6.27% | +3.98% | -1.9% | |
| Q3 FY2017 | 4.17 | 5.02 | +20.38% | +2.87% | 9.21B | 8.33B | -9.60% | +1.93% | -2.5% | |
| Q2 FY2017 | 3.39 | 3.95 | +16.52% | +6.18% | 9.01B | 7.89B | -12.50% | -0.57% | -2.7% | |
| Q1 FY2017 | 5.31 | 5.15 | -3.01% | +92.16% | 10.63B | 10.26B | -3.50% | +31.44% | -4.9% | |
| Q4 FY2016 | 4.82 | 5.08 | +5.39% | +8.55% | 9.93B | 10.26B | +3.31% | +17.62% | -0.9% | |
| Q3 FY2016 | 3.82 | 4.88 | +27.75% | +68.28% | 7.77B | 8.17B | +5.12% | +0.37% | +2.2% | |
| Q2 FY2016 | 3.00 | 3.72 | +24.00% | -21.68% | 7.85B | 7.93B | +0.99% | -24.86% | -1.2% | |
| Q1 FY2016 | 2.45 | 2.68 | +9.39% | -54.88% | 7.22B | 7.80B | +8.02% | -26.27% | +2.3% | |
| Q4 FY2015 | 3.79 | 4.68 | +23.48% | +6.85% | 24.53B | 8.72B | -64.45% | -1.58% | -2.0% | |
| Q3 FY2015 | 2.91 | 2.90 | -0.34% | -36.54% | 8.23B | 8.14B | -1.06% | -2.97% | +3.0% | |
| Q2 FY2015 | 3.70 | 4.75 | +28.38% | +15.85% | 20.83B | 10.56B | -49.33% | +15.68% | -0.8% | |
| Q1 FY2015 | 4.26 | 5.94 | +39.44% | +47.76% | 8.46B | 10.58B | +25.13% | +13.45% | -0.4% | |
| Q4 FY2014 | 4.32 | 4.38 | +1.39% | -4.78% | 8.74B | 8.86B | +1.39% | +0.90% | -0.7% | |
| Q3 FY2014 | 3.21 | 4.57 | +42.37% | +58.68% | 6.77B | 8.39B | +23.93% | +24.77% | -2.6% | |
| Q2 FY2014 | 3.05 | 4.10 | +34.43% | +10.81% | 7.96B | 9.13B | +14.60% | +5.96% | +1.3% | |
| Q1 FY2014 | 3.45 | 4.02 | +16.52% | -6.29% | 9.34B | 9.33B | -0.15% | -7.55% | +0.1% | |
| Q4 FY2013 | 4.22 | 4.60 | +9.00% | -17.86% | 9.52B | 8.78B | -7.71% | +0.53% | -2.0% | |
| Q3 FY2013 | 2.43 | 2.88 | +18.52% | +1.05% | 6.99B | 6.72B | -3.78% | -19.51% | -2.4% | |
| Q2 FY2013 | 2.82 | 3.70 | +31.21% | +107.87% | 7.96B | 8.61B | +8.14% | +29.95% | -1.7% | |
| Q1 FY2013 | 3.88 | 4.29 | +10.57% | +9.44% | 10.65B | 10.09B | -5.24% | +1.42% | -1.6% | |
| Q4 FY2012 | 3.78 | 5.60 | +48.15% | +204.35% | 6.01B | 8.74B | +45.29% | +44.42% | +4.1% | |
| Q3 FY2012 | 2.12 | 2.85 | +34.43% | — | 7.55B | 8.35B | +10.67% | +132.81% | -1.0% | |
| Q2 FY2012 | 1.16 | 1.78 | +53.45% | -3.78% | 5.60B | 6.63B | +18.35% | -30.60% | +0.3% | |
| Q1 FY2012 | 3.55 | 3.92 | +10.42% | +151.28% | 10.69B | 9.95B | -6.91% | -16.35% | -0.7% | |
| Q4 FY2011 | 1.24 | 1.84 | +48.39% | -51.45% | 5.40B | 6.05B | +11.98% | -30.00% | +6.8% | |
| Q3 FY2011 | -0.16 | -0.84 | -425.00% | -128.19% | 1.06B | 3.59B | +237.18% | -59.71% | +5.5% | |
| Q2 FY2011 | 2.27 | 1.85 | -18.50% | +137.18% | 11.72B | 9.55B | -18.50% | -9.26% | -0.6% | |
| Q1 FY2011 | 0.82 | 1.56 | +90.24% | -72.09% | 9.69B | 11.89B | +22.71% | -6.90% | -1.2% | |
| Q4 FY2010 | 3.76 | 3.79 | +0.80% | -53.78% | 8.57B | 8.64B | +0.80% | -10.12% | -4.7% | |
| Q3 FY2010 | 2.32 | 2.98 | +28.45% | -43.24% | 8.34B | 8.90B | +6.76% | -28.04% | +2.0% | |
| Q2 FY2010 | 2.08 | 0.78 | -62.50% | -84.18% | 28.06B | 10.52B | -62.50% | -23.52% | +2.2% | |
| Q1 FY2010 | 4.01 | 5.59 | +39.40% | +64.90% | 10.30B | 12.78B | +24.03% | +35.54% | -2.0% | |
| Q4 FY2009 | 5.20 | 8.20 | +57.69% | — | 6.71B | 9.62B | +43.25% | — | -4.1% | |
| Q3 FY2009 | 4.24 | 5.25 | +23.82% | — | 11.05B | 12.37B | +11.97% | +236.01% | -1.9% | |
| Q2 FY2009 | 3.54 | 4.93 | +39.27% | +172.38% | 10.91B | 13.76B | +26.17% | +1.00% | +0.1% | |
| Q1 FY2009 | 1.64 | 3.39 | +106.71% | -25.98% | 7.92B | 9.43B | +18.99% | -46.58% | +4.7% | |
| Q3 FY2008 | -3.73 | -4.97 | -33.24% | -170.90% | 2.46B | 3.68B | +49.80% | -65.72% | +14.4% | |
| Q2 FY2008 | 1.71 | 1.81 | +5.85% | -70.47% | 12.87B | 13.63B | +5.85% | +10.47% | -1.8% | |
| Q1 FY2008 | 3.42 | 4.58 | +33.92% | -7.10% | 13.17B | 17.64B | +33.92% | -13.31% | -1.5% | |
| Q4 FY2007 | 2.58 | 3.23 | +25.19% | -51.72% | 14.88B | 18.63B | +25.19% | +2.78% | +16.3% | |
| Q3 FY2007 | 6.61 | 7.01 | +6.05% | — | 10.09B | 10.74B | +6.44% | — | -3.4% | |
| Q2 FY2007 | 4.35 | 6.13 | +40.92% | +88.04% | 16.89B | 12.33B | -26.98% | -22.81% | -1.0% | |
| Q1 FY2007 | 4.79 | 4.93 | +2.92% | +3.14% | 19.77B | 20.35B | +2.92% | +13.05% | -3.4% | |
| Q4 FY2006 | 4.97 | 6.67 | +34.21% | +98.51% | 16.60B | 12.73B | -23.32% | +4.82% | -1.8% | |
| Q4 FY2006 | — | 6.69 | — | +99.11% | — | 18.13B | — | +49.25% | +1.0% | |
| Q2 FY2006 | 2.97 | 3.26 | +9.76% | +0.31% | 14.56B | 15.98B | +9.76% | +116.14% | +4.8% | |
| Q1 FY2006 | 4.28 | 4.78 | +11.68% | +179.53% | 16.12B | 18.00B | +11.68% | +101.16% | -4.0% | |
| Q4 FY2005 | 3.29 | 5.08 | +54.41% | +115.25% | 11.17B | 10.43B | -6.59% | +39.95% | +6.2% | |
| Q4 FY2005 | — | 3.36 | — | +42.37% | — | 12.15B | — | +62.91% | -2.3% | |
| Q2 FY2005 | 2.38 | 3.25 | +36.55% | +86.78% | 9.03B | 7.39B | -18.14% | +59.09% | -0.2% | |
| Q1 FY2005 | 1.87 | 1.71 | -8.56% | -25.97% | 9.79B | 8.95B | -8.56% | +58.73% | +3.5% | |
| Q4 FY2004 | 2.25 | 2.94 | +30.67% | +55.56% | 7.63B | 6.52B | -14.56% | +11.77% | +0.1% | |
| Q4 FY2004 | — | 2.36 | — | +24.87% | — | 7.46B | — | +27.90% | +1.8% | |
| Q2 FY2004 | 1.43 | 1.74 | +21.68% | +31.82% | 5.59B | 4.65B | -16.88% | -18.69% | +3.5% | |
| Q1 FY2004 | 1.95 | 2.31 | +18.46% | +69.85% | 6.48B | 5.64B | -12.99% | -5.80% | +2.0% | |
| Q4 FY2003 | 1.66 | 2.50 | +50.60% | +154.84% | 5.25B | 6.03B | +14.92% | +19.49% | +0.1% | |
| Q4 FY2003 | — | 1.89 | — | +92.66% | — | 5.83B | — | +15.47% | -2.2% | |
| Q2 FY2003 | 1.22 | 1.32 | +8.20% | +32.00% | 5.28B | 5.72B | +8.20% | +56.62% | -3.9% | |
| Q1 FY2003 | 1.19 | 1.36 | +14.29% | +28.30% | 5.24B | 5.99B | +14.29% | +55.41% | -2.1% | |
| Q4 FY2002 | 0.96 | 1.29 | +34.38% | +31.63% | 4.54B | 4.19B | -7.68% | -26.54% | -0.3% | |
| Q4 FY2002 | — | 0.98 | — | +0.10% | — | 5.05B | — | -11.44% | +1.8% | |
| Q2 FY2002 | 0.99 | 1.00 | +1.01% | +14.94% | 3.61B | 3.65B | +1.02% | -50.42% | +1.0% | |
| Q1 FY2002 | 0.98 | 1.06 | +8.16% | 0.00% | 3.54B | 3.85B | +8.89% | -52.79% | -2.4% | |
| Q4 FY2001 | 0.89 | 0.98 | +10.11% | -30.00% | 5.56B | 5.70B | +2.59% | -40.01% | +2.1% | |
| Q3 FY2001 | 0.90 | 0.93 | +3.33% | -38.00% | 3.31B | 3.43B | +3.45% | -57.10% | -2.2% | |
| Q2 FY2001 | 0.81 | 0.87 | +7.41% | -46.30% | 6.85B | 7.36B | +7.41% | -16.85% | -0.3% | |
| Q1 FY2001 | 1.06 | 1.06 | 0.00% | -28.38% | 8.16B | 8.16B | 0.00% | -0.46% | -0.5% | |
| Q4 FY2000 | 1.36 | 1.40 | +2.94% | -5.41% | 9.22B | 9.50B | +3.03% | +41.57% | -4.3% | |
| Q3 FY2000 | 1.38 | 1.50 | +8.70% | — | 7.29B | 7.99B | +9.52% | — | +4.0% | |
| Q2 FY2000 | 1.48 | 1.62 | +9.46% | +22.73% | 8.09B | 8.85B | +9.46% | +37.44% | +1.2% | |
| Q1 FY2000 | 1.40 | 1.48 | +5.71% | +13.85% | 7.75B | 8.20B | +5.71% | +136.26% | -2.9% | |
| Q4 FY1999 | 1.48 | 1.76 | +18.92% | -22.12% | 6.70B | 7.96B | +18.92% | +164.32% | +4.2% | |
| Q4 FY1999 | — | 1.48 | — | -34.51% | — | 6.71B | — | +122.77% | +1.6% | |
| Q2 FY1999 | 1.10 | 1.32 | +20.00% | — | 5.15B | 6.44B | +25.00% | — | -2.7% | |
| Q1 FY1999 | 1.04 | 1.30 | +25.00% | — | 2.60B | 3.47B | +33.33% | — | -4.4% | |
| Q1 FY1999 | 1.04 | 1.30 | +25.00% | — | 2.60B | 3.47B | +33.33% | — | -4.4% | |
| Q4 FY1998 | — | 2.26 | — | — | — | 3.01B | — | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 80.28 | — | — | +7.52% | 76.35B | — | — | +2.64% |
| FY2027 | 74.67 | — | — | +4.51% | 74.39B | — | — | +1.09% |
| FY2026 | 71.44 | — | — | +39.29% | 73.59B | — | — | +26.25% |
| FY2025 | 48.85 | 51.29 | +5.00% | +26.49% | 59.05B | 58.28B | -1.30% | +8.92% |
| FY2024 | 36.90 | 40.55 | +9.90% | +69.67% | 51.97B | 53.51B | +2.96% | +15.69% |
| FY2023 | 21.31 | 23.90 | +12.14% | -20.49% | 45.78B | 46.25B | +1.05% | -2.35% |
| FY2022 | 32.54 | 30.06 | -7.61% | -49.36% | 47.58B | 47.37B | -0.44% | -20.18% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Keeping pay costs in check would leave more revenue for profit.
On average, analysts' EPS estimate was 25.6% off the result, either way, and their revenue estimate 9.2%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling Prep
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