Goldman Sachs reaches $1 trillion M&A volume in H1 2026

Goldman Sachs has advised on more than $1 trillion worth of announced mergers and acquisitions in the first half of 2026, setting a record as the fastest any investment bank has ever reached that milestone within a six-month period, according to data from Dealogic. The achievement solidifies the firm's position as the top-ranked global M&A advisor for the year.

The record pace was propelled by a series of major transactions. The most prominent was the initial public offering of SpaceX on June 12, where Goldman Sachs served as the lead left underwriter. The bank also acted as a co-financial advisor on Dominion Energy's $66.8 billion sale to NextEra Energy, which was announced last month. Other significant deals included advising Unilever on the $44.8 billion sale of its food business to McCormick & Co. and working on the acquisition of AES Corp. by a consortium including BlackRock's Global Infrastructure Partners and EQT AB.

Reflecting this surge in activity, Goldman Sachs reported first-quarter investment banking fees of $2.84 billion, a 48% increase from the same period a year ago. The bank's stock has risen approximately 24% so far this year.