What was the average price paid per share?

The average cost per share was $984.57. The filing states the firm repurchased 4.1 million shares at this average price, though it does not disclose the range of daily prices or the specific execution method beyond open-market purchases.

How much authorization remains under Goldman Sachs' buyback program?

The filing does not disclose the total dollar amount or share authorization remaining under the current repurchase program. The disclosure is limited to the execution data for Q2 2026. Investors should refer to the firm's 10-K or 10-Q filings for details on total program authorization.

What does the buyback imply about Goldman Sachs' capital position?

The $4.0 billion buyback reflects strong capital generation and profitability. Goldman Sachs reported diluted EPS of $20.98 for Q2 2026 and an annualized ROE of 23.5%, indicating the firm is returning excess capital to shareholders while maintaining robust regulatory capital ratios (13.7% CET1 ratio under advanced rules).

GS-PD 8-K Filed 2026-07-14 Execution disclosure

Goldman Sachs repurchased $4B in shares during Q2 2026

Bank returned $5.36B to shareholders in Q2, including 4.1M shares at $984.57 average price

Shares repurchased4.1M

Avg price paid$984.57

MechanismRule 10b-18 open-market purcha

What the filing says

Goldman Sachs completed $4.0 billion in common share repurchases during the second quarter of 2026, representing 4.1 million shares at an average cost of $984.57 per share. This execution was part of a broader capital return program in which the firm returned a total of $5.36 billion to common shareholders during the quarter, including $1.36 billion in common stock dividends.

The repurchases were conducted under the firm's existing share repurchase program, which is referenced in the filing as a component of Goldman Sachs' capital management strategy. The company also announced on July 13, 2026, that the Board of Directors increased the quarterly dividend to $5.00 per common share from $4.50 per common share, effective for the third quarter of 2026.

The execution of this buyback occurred as Goldman Sachs reported strong second-quarter financial results, with net earnings of $6.63 billion and diluted earnings per common share of $20.98. The firm's book value per common share increased 1.8% during Q2 2026 to $367.67.

During the quarter, the firm returned $5.36 billion of capital to common shareholders, including $4.00 billion of common share repurchases (4.1 million shares at an average cost of $984.57) and $1.36 billion of common stock dividends. — GOLDMAN SACHS GROUP INC 8-K filing · View on SEC EDGAR →

What this means

Goldman Sachs executed $4.0 billion in share repurchases during Q2 2026 at an average price of $984.57 per share, reducing outstanding share count by approximately 1.3% relative to the period-end basic share count of 298.4 million shares. The buyback was part of a disciplined capital return strategy that also included a 11% increase in the quarterly dividend, reflecting the firm's strong profitability (23.5% annualized ROE in Q2) and capital position. The combination of buybacks and dividend increases is consistent with Goldman Sachs' practice of returning excess capital while maintaining regulatory capital requirements. The filing does not disclose the total authorization remaining under the current repurchase program or details on timing and mechanical execution beyond the aggregate quarterly figures.

Frequently asked questions

How much did Goldman Sachs spend on share repurchases in Q2 2026?: Goldman Sachs repurchased $4.0 billion of common shares during the second quarter of 2026, representing 4.1 million shares at an average cost of $984.57 per share. This was part of a larger $5.36 billion capital return to shareholders, which also included $1.36 billion in dividends.
What was the average price paid per share?: The average cost per share was $984.57. The filing states the firm repurchased 4.1 million shares at this average price, though it does not disclose the range of daily prices or the specific execution method beyond open-market purchases.
Did Goldman Sachs increase its dividend?: Yes. On July 13, 2026, the Board of Directors increased the quarterly dividend to $5.00 per common share from $4.50 per common share, an 11% increase. This new dividend will be paid in the third quarter of 2026.
How much authorization remains under Goldman Sachs' buyback program?: The filing does not disclose the total dollar amount or share authorization remaining under the current repurchase program. The disclosure is limited to the execution data for Q2 2026. Investors should refer to the firm's 10-K or 10-Q filings for details on total program authorization.
What does the buyback imply about Goldman Sachs' capital position?: The $4.0 billion buyback reflects strong capital generation and profitability. Goldman Sachs reported diluted EPS of $20.98 for Q2 2026 and an annualized ROE of 23.5%, indicating the firm is returning excess capital to shareholders while maintaining robust regulatory capital ratios (13.7% CET1 ratio under advanced rules).

execution mega-cap finance-sector rule-10b-18 capital-return

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.