Goldman Sachs Group IncGoldman Sachs advised on over $1 trillion in M&A deals in H1 2026, a record pace, driving advisory revenue up 89% YoY.
Goldman Sachs has advised on more than $1 trillion worth of announced mergers and acquisitions so far in 2026, a record pace for any investment bank within a half-year period and a 71% increase from the comparable period in 2025. Global M&A activity reached $2.73 trillion year to date, up 38% year over year, with Goldman advising on deals representing more than 40% of the total announced transaction value. JPMorgan ranked second with $687.5 billion in advised transactions, while Morgan Stanley followed with $575.9 billion. Goldman expects global M&A volume in 2026 to exceed the 2021 record and reach $3.8 trillion, reflecting improving corporate confidence and easing financing conditions. The firm's advisory revenues rose 89% year over year in the first quarter of 2026, and the current pipeline of announced deals provides visibility into future fee income as transactions close.
Goldman Sachs Group IncGoldman Sachs advised on over $1 trillion in M&A deals in H1 2026, a record pace, driving advisory revenue up 89% YoY.
Morgan StanleyMorgan Stanley ranked third with $575.9 billion in advised M&A transactions, benefiting from elevated global M&A activity.
JPMorgan Chase & CoJPMorgan ranked second with $687.5 billion in advised M&A transactions, benefiting from elevated global M&A activity.