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Global Markets Rankings 9M25

IB Revenue Rankings

Global IB revenue totaled $74.3bn in the first 9 months of 2025, up 12% year-on-year

ECM Rankings

Global IPO volumes reached $51.6bn in Q3 2025, the highest quarterly volume since Q1 2022, driven by blockbuster deals in the US

M&A Rankings

Global M&A Revenue reached $28.7bn during the first 9 months of 2025, marking a 17% year-on-year increase

DCM Rankings

JPMorgan tops global DCM volume, while BofA leads in the Americas, BNP Paribas in EMEA, and HSBC in Asia

Loans Rankings

BofA Securities tops global syndicated loan volume rankings in the first 9 months of 2025

Leveraged Finance Rankings

JPMorgan leads LevFin revenue rankings across both the US and Europe

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