Exhibit 99.1

The Goldman Sachs Group, Inc.

200 West Street | New York, New York 10282

NEW YORK, April 17, 2018 – The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $10.04 billion and net earnings of $2.83 billion for the first quarter ended March 31, 2018.

NET REVENUES

$10.04 billion

Diluted earnings per common share were $6.95 compared with $5.15 for the first quarter of 2017 and a diluted loss per common share of $5.51 for the fourth quarter of 2017.

NET EARNINGS

$2.83 billion

Annualized return on average common shareholders’ equity (ROE) ⁽¹⁾ was 15.4% for the first quarter of 2018.

EARNINGS PER

COMMON SHARE

$6.95

ANNUALIZED ROE

15.4%

 Net Revenue Mix by Segment

 Highlights

Net revenues of $10.04 billion were 25% higher than the first quarter of 2017 and the highest in three years.

Annualized ROE ⁽¹⁾ of 15.4% was the highest in over five years.

Diluted earnings per common share were $6.95, the third highest quarterly performance.

Book value per common share increased by 3.2% during the quarter to $186.73.

Investment Banking net revenues of $1.79 billion included the second highest quarterly net revenues in debt underwriting.

Institutional Client Services generated net revenues of $4.39 billion. Fixed Income, Currency and Commodities Client Execution and Equities each produced its highest quarterly results in three years.

Investment Management produced record quarterly net revenues of $1.77 billion, as assets under supervision ⁽²⁾ increased to a record $1.50 trillion, with net inflows in long-term assets under supervision of $13 billion.

 Net Revenues

Net revenues were $10.04 billion for the first quarter of 2018, 25% higher than the first quarter of 2017 and 28% higher than the fourth quarter of 2017. The increase compared with the first quarter of 2017 reflected higher net revenues across all segments.

NET REVENUES

$10.04 billion

 Investment Banking

Net revenues in Investment Banking were $1.79 billion for the first quarter of 2018, 5% higher than the first quarter of 2017 and 16% lower than the fourth quarter of 2017.

INVESTMENT BANKING

$1.79 billion

Net revenues in Financial Advisory were $586 million, 22% lower than the first quarter of 2017, reflecting a decrease in industry-wide completed mergers and acquisitions transactions.

Financial Advisory  $586 million

Net revenues in Underwriting were $1.21 billion, 27% higher than the first quarter of 2017, due to significantly higher net revenues in debt underwriting, reflecting higher net revenues from investment-grade, leveraged finance and asset-backed activity, and higher net revenues in equity underwriting, primarily due to higher net revenues from initial public offerings.

The firm’s investment banking transaction backlog ⁽²⁾ increased compared with the end of 2017.

 Institutional Client Services

Net revenues in Institutional Client Services were $4.39 billion for the first quarter of 2018, 31% higher than the first quarter of 2017 and 85% higher than the fourth quarter of 2017.

INSTITUTIONAL CLIENT

SERVICES

$4.39 billion

Net revenues in Fixed Income, Currency and Commodities Client Execution were $2.07 billion, 23% higher than the first quarter of 2017, due to significantly higher net revenues in currencies, commodities and credit products, partially offset by lower net revenues in interest rate products and mortgages. During the quarter, Fixed Income, Currency and Commodities Client Execution operated in an environment characterized by improved market-making conditions and higher client activity compared with the fourth quarter of 2017.

FICC                           $2.07 billion

Net revenues in Equities were $2.31 billion, 38% higher than the first quarter of 2017, primarily due to significantly higher net revenues in equities client execution, reflecting significantly higher results in both derivatives and cash products. In addition, commissions and fees were higher, reflecting higher market volumes, and net revenues in securities services were higher, reflecting higher average customer balances. During the quarter, Equities operated in an environment characterized by periods of high volatility and an increase in client activity compared with the fourth quarter of 2017.

 Investing & Lending

Net revenues in Investing & Lending were $2.09 billion for the first quarter of 2018, 43% higher than the first quarter of 2017 and 26% higher than the fourth quarter of 2017.

INVESTING & LENDING

$2.09 billion

Net revenues in equity securities were $1.07 billion, 34% higher than the first quarter of 2017, reflecting a significant increase in net gains from private equities, driven by company-specific events and corporate performance, partially offset by significantly lower net gains from public equities.

Equity Securities   $1.07 billion

Debt Securities

  and Loans            $1.02 billion

Net revenues in debt securities and loans were $1.02 billion, 53% higher than the first quarter of 2017, primarily driven by significantly higher net interest income (the first quarter of 2018 included more than $550 million of net interest income).

 Investment Management

Net revenues in Investment Management were $1.77 billion for the first quarter of 2018, 18% higher than the first quarter of 2017 and 6% higher than the fourth quarter of 2017.

INVESTMENT MANAGEMENT

$1.77 billion

The increase in net revenues compared with the first quarter of 2017 was due to higher management and other fees, primarily reflecting higher average assets under supervision, as well as higher incentive fees and higher transaction revenues.

Management and

  Other Fees            $1.35 billion

Incentive Fees        $213 million

During the quarter, total assets under supervision ⁽²⁾ increased $4 billion to $1.50 trillion. Long-term assets under supervision increased $9 billion, due to net inflows of $13 billion, reflecting inflows in fixed income and equity assets, partially offset by net market depreciation of $4 billion, primarily in equity assets. Liquidity products decreased $5 billion.

Transaction

  Revenues              $212  million

 Expenses

Operating expenses were $6.62 billion for the first quarter of 2018, 21% higher than the first quarter of 2017 and 40% higher than the fourth quarter of 2017. The increase compared with the first quarter of 2017 was due to significantly higher compensation and benefits expenses (reflecting a significant increase in net revenues) and higher non-compensation expenses.

OPERATING EXPENSES

$6.62 billion

 Compensation and Benefits

The accrual for compensation and benefits expenses (including salaries, estimated year-end discretionary compensation, amortization of equity awards and other items such as benefits) was $4.12 billion for the first quarter of 2018, 25% higher than the first quarter of 2017, reflecting a significant increase in net revenues. The ratio of compensation and benefits to net revenues for the first quarter of 2018 was 41.0%, unchanged compared with the first quarter of 2017. Total staff increased 2% during the first quarter of 2018.

COMPENSATION RATIO

41.0%

 Non-Compensation Expenses

Non-compensation expenses were $2.50 billion for the first quarter of 2018, 14% higher than the first quarter of 2017 and 3% lower than the fourth quarter of 2017. The increase compared with the first quarter of 2017 was largely driven by significantly higher brokerage, clearing, exchange and distribution fees, reflecting an increase in activity levels. In addition, expenses related to consolidated investments and the firm’s digital lending and deposit platform were higher, with the increases primarily included in market development expenses, depreciation and amortization expenses and other expenses. Technology expenses increased, reflecting higher expenses related to computing services and software depreciation. The increase in non-compensation expenses compared with the first quarter of 2017 included approximately $50 million related to the new revenue recognition standard ⁽³⁾.

NON-COMPENSATION  EXPENSES

$2.50 billion

These increases were partially offset by lower net provisions for litigation and regulatory proceedings. Net provisions for litigation and regulatory proceedings for the first quarter of 2018 were $44 million compared with $139 million for the first quarter of 2017.

 Provision for Taxes

The effective income tax rate for the first quarter of 2018 was 17.2%, down from the full year rate of 61.5% for 2017, as 2017 included the estimated impact of Tax Legislation ⁽⁴⁾, which increased the firm’s effective income tax rate by 39.5 percentage points. Additionally, the decrease compared with the full year rate for 2017 reflected the impact of the lower U.S. corporate income tax rate in 2018.

EFFECTIVE TAX RATE

17.2%

 Capital

◾  Total  shareholders’  equity  was  $83.58  billion  (common  shareholders’ equity of $72.38 billion and preferred stock of $11.20 billion).

◾  The firm’s Standardized common equity tier 1 ratio ⁽⁵⁾ on a fully phased-in basis was 12.1% ⁽⁶⁾ and 11.9% ⁽⁵⁾ as of March 31, 2018 and December 31, 2017, respectively.

◾  The  firm’s  Basel  III  Advanced  common  equity  tier  1  ratio  ⁽⁵⁾  on  a  fully phased-in basis was 11.1% ⁽⁶⁾ and 10.7% ⁽⁵⁾ as of March 31, 2018 and December 31, 2017, respectively.

◾  The firm’s supplementary leverage ratio ⁽²⁾ on a fully phased-in basis was 5.7% ⁽⁶⁾ and 5.8% as of March 31, 2018 and December 31, 2017, respectively.

◾  On April 16, 2018, the Board of Directors of The Goldman Sachs Group, Inc. (Board) increased the firm’s quarterly dividend to $0.80 per common share from $0.75 per common share. The dividend will be paid on June 28, 2018 to common shareholders of record on May 31, 2018.

◾  During the quarter, the firm repurchased 3.0 million shares of its common stock at an average cost per share of $264.32, for a total cost of $800 million. ⁽⁷⁾

◾  Book value per common share was $186.73 and tangible book value per common share ⁽⁸⁾ was $176.28, both based on basic shares ⁽⁹⁾ of 387.6 million as of March 31, 2018.

TOTAL SHAREHOLDERS’ EQUITY

$83.58 billion

COMMON EQUITY TIER 1

STANDARDIZED RATIO

12.1%

COMMON EQUITY TIER 1

ADVANCED RATIO

11.1%

SUPPLEMENTARY

LEVERAGE RATIO

5.7%

DECLARED QUARTERLY

DIVIDEND PER COMMON SHARE

$0.80

COMMON SHARE BUYBACKS

3.0 million shares for $800 million

BOOK VALUE

PER COMMON SHARE

$186.73

 Other Balance Sheet and Liquidity Metrics

◾  Total assets were $974 billion ⁽⁶⁾ as of March 31, 2018, compared with $917 billion as of December 31, 2017.

◾  The firm’s global core liquid assets ⁽²⁾ averaged $229 billion ⁽⁶⁾ for the first quarter of 2018, compared with an average of $221 billion for the fourth quarter of 2017.

                 TOTAL ASSETS                

$974 billion

AVERAGE GCLA

$229 billion

 Cautionary Note Regarding Forward-Looking Statements

 Conference Call

THREE MONTHS ENDED

% CHANGE FROM

 MARCH 31, 
2018

INVESTMENT BANKING

Financial Advisory

Equity underwriting

Debt underwriting

Total Underwriting

Total Investment Banking

INSTITUTIONAL CLIENT SERVICES

Fixed Income, Currency and Commodities Client Execution

Equities client execution

Commissions and fees

Securities services

Total Equities

Total Institutional Client Services

INVESTING & LENDING

Equity securities

Debt securities and loans

Total Investing & Lending

INVESTMENT MANAGEMENT

Management and other fees

Incentive fees

Transaction revenues

Total Investment Management

Total net revenues

Geographic Net Revenues (unaudited) ⁽²⁾

$ in millions

THREE MONTHS ENDED

MARCH 31,
2018

Americas

EMEA

Asia

Total net revenues

Americas

EMEA

Asia

Total

THREE MONTHS ENDED

% CHANGE FROM

 MARCH 31, 
2018

REVENUES

Investment banking

Investment management

Commissions and fees

Market making

Other principal transactions

Total non-interest revenues

Interest income

Interest expense

Net interest income

Net revenues, including net interest income

OPERATING EXPENSES

Compensation and benefits

Brokerage, clearing, exchange and distribution fees ⁽¹⁰⁾

Market development

Communications and technology

Depreciation and amortization

Occupancy

Professional fees

Other expenses ⁽¹⁰⁾

Total non-compensation expenses

Total operating expenses

Pre-tax earnings

Provision for taxes

Net earnings / (loss)

Preferred stock dividends

Net earnings / (loss) applicable to common shareholders

EARNINGS / (LOSS) PER COMMON SHARE

Basic ⁽¹¹⁾

Diluted

AVERAGE COMMON SHARES

Basic

Diluted

SELECTED DATA AT PERIOD-END

Total staff (employees, consultants and temporary staff)

ASSETS

Cash and cash equivalents

Collateralized agreements

Receivables

Financial instruments owned

Other

Total assets

LIABILITIES AND SHAREHOLDERS’ EQUITY

Deposits

Collateralized financings

Payables

Financial instruments sold, but not yet purchased

Unsecured short-term borrowings

Unsecured long-term borrowings

Other

Total liabilities

Total shareholders’ equity

Total liabilities and shareholders’ equity

Fully Phased-In Capital Ratios (unaudited) ^{(5)  (6)}

$ in billions

AS OF

Common equity tier 1

STANDARDIZED CAPITAL RULES

Risk-weighted assets

Common equity tier 1 ratio

BASEL III ADVANCED CAPITAL RULES

Risk-weighted assets

Common equity tier 1 ratio

Average Daily VaR (unaudited) ⁽²⁾

$ in millions

RISK CATEGORIES

Interest rates

Equity prices

Currency rates

Commodity prices

Diversification effect

Total

ASSET CLASS

Alternative investments

Equity

Fixed income

Total long-term AUS

Liquidity products

340 

345 

323      

(1)    

5     

Total AUS

$        1,498 

$        1,494 

$        1,373      

–     

9     

Beginning balance

Net inflows / (outflows)

Alternative investments

Equity

Fixed income

Total long-term AUS net inflows / (outflows)

Liquidity products

(5)

17 

(35)     

Total AUS net inflows / (outflows)

8 

16 

(30)     

Net market appreciation / (depreciation)

(4)

22 

24      

Ending balance

$        1,498 

$        1,494 

$        1,373      

Annualized ROE is calculated by dividing annualized net earnings applicable to common shareholders by average monthly common shareholders’ equity. The table below presents the firm’s average common shareholders’ equity (unaudited, $ in millions):

For information about the firm’s investment banking transaction backlog, assets under supervision, supplementary leverage ratio, global core liquid assets and VaR, see “Results of Operations – Investment Banking,” “Results of Operations – Investment Management,” “Equity Capital Management and Regulatory Capital,” “Risk Management – Liquidity Risk Management” and “Risk Management – Market Risk Management,” respectively, in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the firm’s Annual Report on Form 10-K for the year ended December 31, 2017. For information about the firm’s geographic net revenues, see Note 25 “Business Segments” in Part II, Item 8 “Financial Statements and Supplementary Data” in the firm’s Annual Report on Form 10-K for the year ended December 31, 2017.

In the first quarter of 2018, the firm adopted ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” which required a change in the presentation of certain costs from a net presentation within net revenues to a gross basis, and vice versa. For information about ASU No. 2014-09, see Note 3 “Significant Accounting Policies” in Part II, Item 8 “Financial Statements and Supplementary Data” in the firm’s Annual Report on Form 10-K for the year ended December 31, 2017.

The Tax Cuts and Jobs Act (Tax Legislation) was enacted on December 22, 2017 and lowered U.S. corporate income tax rates as of January 1, 2018, implemented a territorial tax system and imposed a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The estimated impact of Tax Legislation was an increase in income tax expense of $4.40 billion for the three months ended December 31, 2017. The impact of Tax Legislation may differ from this estimate, possibly materially, due to, among other things, further refinement of the firm’s calculations, changes in interpretations and assumptions the firm has made, guidance that may be issued and actions the firm may take as a result of Tax Legislation.

The lower of the capital ratios calculated in accordance with the Standardized approach and the Basel III Advanced approach is the binding regulatory capital ratio for the firm. For information about the firm’s capital ratios, see “Equity Capital Management and Regulatory Capital” in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the firm’s Annual Report on Form 10-K for the year ended December 31, 2017.

As of December 31, 2017, the firm’s capital ratios on a fully phased-in basis were non-GAAP measures and may not be comparable to similar non-GAAP measures used by other companies. Management believes that the firm’s capital ratios on a fully phased-in basis are meaningful because they are measures that the firm and investors use to assess capital adequacy. The table below presents reconciliations, for both the Standardized approach and the Basel III Advanced approach, of common equity tier 1 and risk-weighted assets on a transitional basis to a fully phased-in basis as of December 31, 2017 (unaudited, $ in billions):

Represents a preliminary estimate and may be revised in the firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2018.

As of March 31, 2018, the remaining share authorization under the firm’s existing repurchase program was 44.6 million shares, which represented the shares that may be repurchased under the repurchase program approved by the Board. Prior to repurchasing shares, the firm must receive confirmation that the Federal Reserve Board does not object to such capital actions.

Tangible book value per common share is calculated by dividing tangible common shareholders’ equity (total shareholders’ equity less preferred stock, goodwill and identifiable intangible assets) by basic shares. Management believes that tangible common shareholders’ equity and tangible book value per common share are meaningful because they are measures that the firm and investors use to assess capital adequacy. Tangible common shareholders’ equity and tangible book value per common share are non-GAAP measures and may not be comparable to similar non-GAAP measures used by other companies. The table below presents a reconciliation of total shareholders’ equity to tangible common shareholders’ equity (unaudited, $ in millions):

Basic shares include common shares outstanding and restricted stock units granted to employees with no future service requirements.

Regulatory-related fees that are paid to exchanges, previously reported in other expenses, are now reported in brokerage, clearing, exchange and distribution fees. Reclassifications have been made to previously reported amounts to conform to the current presentation.

Unvested share-based awards that have non-forfeitable rights to dividends or dividend equivalents are treated as a separate class of securities in calculating earnings per common share. The impact of applying this methodology was a reduction in basic earnings per common share of $0.01 for both the three months ended March 31, 2018 and March 31, 2017. The impact of applying this methodology for the three months ended December 31, 2017 was a loss per common share (basic and diluted) of $0.01.

Includes $5 billion of outflows in connection with the divestiture of the firm’s local Australian-focused investment capabilities and fund platform.