Goldman Sachs, Houlihan Lokey top GlobalData's Q1-Q3 M&A financial advisers list
Goldman Sachs (GS) led in M&A advisory value with $687.6B in deals, while Houlihan Lokey (HLI) topped in volume with 250 deals, according to GlobalData's Q1-Q3 rankings. The list includes transactions valued at $1B or more.
How this was made

The 30-second read
Why it matters
The rankings provide fresh data on advisory market share, potentially influencing investor sentiment toward the highlighted firms.
Market read
First‑report of Q1‑Q3 advisory rankings offers a modest trading edge for the top‑ranked banks.
What to watch
The list excludes private‑equity‑backed deals and may not reflect future pipeline quality.
Background
GlobalData publishes quarterly rankings of M&A financial advisers based on deal value and volume.
Ticker impact
Goldman Sachs topped GlobalData's M&A advisers list by deal value ($687.6B) for Q1‑Q3 2026.
modest upward pressure as investors view the ranking as a credibility boost
The new ranking is a primary disclosure and highlights strong deal flow, likely supporting short‑term price strength.
Houlihan Lokey led GlobalData's M&A advisers list by volume (250 deals) for Q1‑Q3 2026.
modest upside as the ranking may attract additional mandate opportunities
First‑report ranking provides fresh positive news, likely generating short‑term buying interest.
Market effects
Highlights continued strength in the investment banking M&A advisory sector.
U.S. advisory firms may see modest inflows; no major regional shift.
Reinforces perception of U.S. banks as global M&A leaders.
Counterpoint
Rankings may be short‑lived; actual deal profitability could diverge from headline values.
Key entities
- CompanyGoldman Sachs
Leading global investment bank, ranked #1 by deal value.
- CompanyHoulihan Lokey
Boutique investment bank, ranked #1 by deal volume.

