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Get the side of guac: Goldman Sachs ups its late-night dinner budget for bankers to $35

Reed Alexander
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⚡ Quantum Brief
Goldman Sachs increased its late-night dinner stipend for employees working past 8 p.m. from $30 to $35, effective February 2026, marking a $5 rise to offset inflation and food costs. The policy applies to all 50,000 employees across divisions, including investment banking and asset management, as the firm anticipates a surge in mergers and acquisitions activity this year. This is the second stipend hike in four years, following a 2022 increase from $25 to $30, reflecting persistent inflation in financial hubs like New York and London. CEO David Solomon recently forecast a "monster year" for dealmaking, suggesting the stipend adjustment aligns with expectations of heightened workloads and extended office hours. Rising food costs—projected to increase 4.6% in 2026—likely drove the change, as delivery fees and tips in cities like New York strain modest meal budgets for junior staff.
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Get the side of guac: Goldman Sachs ups its late-night dinner budget for bankers to $35

Goldman Sachs is raising its stipend for late-night food orders at the office by $5. Prot Tachapanit/Getty Images 2026-02-11T15:44:25.657Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt.

Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Goldman Sachs is upping its stipend for late-night food orders at the office. Employees working past 8 p.m. can now spend up to $35 per meal. The upgrade of $5 per order comes as Wall Street readies for a robust year of M&A.

For Goldman Sachs bankers, the hottest dinner spot in 2026 could very well be their desks. As the year's anticipated dealmaking frenzy gets underway, the corporate merger machine is hungry, and investment banking advisors are too. Goldman has agreed to boost its nightly dinner allowance from $30 to $35 for employees working past 8 p.m in the office, Business Insider has learned.Anyone across the nearly 50,000-person company's multiple divisions — from investment banking to asset management — will be eligible to redeem the heightened stipend on late-night eats. The policy change was first posted on social media by an account run by Exec Sum, the newsletter affiliated with the finance social media account Litquidity. Business Insider verified the stipend adjustment via a person with close knowledge of the bank's policy change. This isn't the first time Goldman has had to adjust for the rising cost of a desk-side meal. The bank last hiked the stipend in 2022, moving it from $25 to $30.The timing of the raise coincides with what's expected to be a monster year for mergers and acquisitions. This week, David Solomon, the firm's CEO, laid out his case for why he expects corporate dealmaking to surge this year. Goldman Sachs' global headquarters in lower Manhattan. David S. Holloway/Getty Images The latest $5 increase may reflect the persistent reality of food costs in financial hubs like New York and London. According to 2026 economic forecasts, the cost of "food away from home" is projected to rise another 4.6% this year, the USDA found.In a city like New York — where delivery fees, service charges, and tips can easily swallow half a budget — the last thing a junior banker wants to do when the clock strikes midnight is choose between a side dish or a drink. And though an extra $5 is a small line item for a global powerhouse bank, it's an acknowledgement of the overhead required to sustain Wall Street's high-octane pace. Have a tip? Contact this reporter via email at ralexander@businessinsider.com or SMS/Signal at 561-247-5758. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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