Goldman Sachs Predicts Potential Record-Breaking M&A in 2026

WATCH: “What we see in terms of corporate boardrooms and sponsor willingness to transact is really picking up,” Goldman Sachs’s Christina Minnis says.Source: Bloomberg

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By Claire Ruckin and Abhinav Ramnarayan

September 2, 2025 at 10:27 AM UTC

Updated on

September 2, 2025 at 4:20 PM UTC

Goldman Sachs Inc. expects a major ramp up in dealmaking toward the end of the year, with a chance that 2026 proves a record year for M&A.

The bank predicts deal flow of around $3.1 trillion globally this year, rising up to $3.9 trillion the next, according to Tim Ingrassia, Goldman’s co-chairman of global mergers and acquisitions. That would surpass $3.6 trillion of M&A in 2021, he added, citing numbers from research firm Dealogic. The data excludes deals by special purpose acquisition companies.