Goldman Sachs chairman and CEO David Solomon said at the Barclays 24th Annual Global Financial Services Conference that the firm expects its revenue base to reach roughly $70 billion this year, up from the mid-$30 billion range when its strategic plan began in 2018-19. The growth is anchored in two franchises: Global Banking & Markets, whose first-half 2026 revenues climbed 35% to $28.26 billion, and Asset & Wealth Management, which is growing faster than its targeted high-single-digit pace with roughly $4 trillion in assets under supervision and alternatives fundraising expected to exceed $125 billion in 2026. Management expects roughly 6% revenue growth to translate into a more than 10% earnings increase, and since Goldman's first Investor Day in 2020 firmwide net revenues have risen about 60% while more durable revenues have doubled, with first-half 2026 firmwide net revenues up 27% year over year. The Zacks Consensus Estimate for 2026 revenues stands at $71.6 billion, implying 22.9% year-over-year growth, while the consensus for 2026 and 2027 earnings implies rallies of 33.3% and 5.6% respectively, with estimates for both years revised downward over the past month. Peers are also growing: JPMorgan's first-half 2026 revenues rose roughly 19% year over year to $107.2 billion and Morgan Stanley's increased 21% to $41.93 billion, with consensus 2026 revenue growth of 13.2% and 15.9% respectively.
Goldman Sachs Group IncGoldman CEO guided to roughly $70B revenue base for 2026 with 6% revenue growth translating into >10% earnings growth.
Morgan Stanley
JPMorgan Chase & Co