Goldman Sachs' Investment Banking Fees Soar 52% in First Half of 2026

The Goldman Sachs Group Inc.'s investment banking fees surged 52% in the first half of 2026, rising to $6.24 billion.

This growth was driven by a broad-based increase across advisory and underwriting businesses, with equity underwriting revenues jumping 90% to $1.52 billion.

Debt underwriting fees advanced 37% to $1.84 billion, while advisory revenues climbed 46% year over year to $2.87 billion in the first six months of 2026.

The second quarter saw IB fees climb 55% to $3.40 billion, with equity underwriting benefiting from higher secondary and initial public offerings, and debt underwriting supported by increased leveraged-finance and asset-backed activity.