Investment Banking Market Report 2026

The investment banking market size has grown strongly in recent years. It will grow from $150.49 billion in 2025 to $161.39 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing corporate restructuring activities, growth in global capital markets, rising demand for advisory-led financing, expansion of institutional investment activity, increased complexity of financial regulations.

The investment banking market size is expected to see strong growth in the next few years. It will grow to $218.16 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing demand for sustainable finance advisory, rising adoption of ai-driven deal analytics, expansion of private capital markets, increasing focus on sector-specialized advisory services, growing cross-border investment activity. Major trends in the forecast period include increasing use of data-driven m&a advisory, rising adoption of digital capital raising platforms, growing integration of esg advisory services, expansion of cross-border deal advisory, enhanced focus on risk and compliance analytics.

The increase in capital requirements is expected to drive growth in the investment banking market. Capital requirement refers to the regulatory mandates and guidelines established by financial authorities that determine the minimum amount of capital a bank must maintain to ensure its financial stability and safeguard depositors and stakeholders. Banks facing higher capital requirements actively seek advisory services to optimize their capital structures and meet these obligations. Banks often undertake capital-raising initiatives, with investment banks playing a crucial role, thereby contributing to revenue growth. For example, in February 2023, according to The European Central Bank, the Germany-based central bank of the European Union countries, the average overall capital requirements and guidance in Common Equity Tier 1 (CET1) rose to approximately 10.7% of RWA for 2023, up from 10.4% in 2022. Consequently, the increase in capital requirements is expected to support the expansion of the investment banking market going forward.

Major companies in the investment banking sector are prioritizing the development of innovative solutions, such as integrated institutional digital trading platforms, to address the growing need for faster decision-making, streamlined workflows, and improved market access amid heightened market volatility. An integrated institutional digital trading platform brings together research, analytics, execution, and post-trade services within a single unified system, replacing traditional fragmented platforms that required multiple logins and disconnected tools. For example, in August 2025, JPMorgan, a US-based global investment bank, launched a revamped JPMorgan Markets institutional platform, built on a five-pillar framework encompassing research and insights, data and analytics, portfolio solutions, pricing and execution, and post-trade services. The platform offers a single-login system, customizable user interfaces, and integrated workflows that enable institutional investors to transition seamlessly from insight generation to trade execution and settlement. It is accessible via desktop, web, mobile, and API channels, allowing clients to integrate JPMorgan’s capabilities directly into their own systems. This transformation improves efficiency, minimizes operational friction, and supports rapid, data-driven investment decisions in fast-paced markets.

In March 2025, Jones Lang LaSalle Incorporated (JLL), a US-based real estate and investment management firm, acquired Javelin Capital for an undisclosed sum. Through this acquisition, JLL seeks to broaden its clean-energy investment banking capabilities, enhance its advisory services in energy transition, and improve its capacity to assist clients with renewable infrastructure financing and decarbonization strategies. Javelin Capital is a UK-based investment bank focused on clean energy, specializing in M&A, capital raising, and strategic advisory for the renewable power and energy transition sectors.

Major companies operating in the investment banking market are JPMorgan Chase & Co., Bank of America Corporation, HSBC Holdings plc, Citigroup Inc., Wells Fargo & Company, Morgan Stanley, BNP Paribas SA, Goldman Sachs Group Inc., UBS Group AG, Barclays plc, Deutsche Bank AG, Credit Suisse Group AG, Mizuho Financial Group Inc., Nomura Holdings Inc., Jefferies Financial Group Inc., Stifel Financial Corp., Lazard Ltd., Evercore Inc., RBC Capital Markets, Houlihan Lokey Inc., Cowen Inc., Piper Sandler Companies, William Blair & Company LLC, PJT Partners Inc., Moelis & Company, Perella Weinberg Partners LP, Greenhill & Co. Inc., Centerview Partners LLC, Rothschild & Co.

North America was the largest region in the investment banking market in 2025. Asia-Pacific was the second-largest region in the investment banking market. The regions covered in the investment banking market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the investment banking market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The investment banking market consists of revenues earned by entities by undertaking capital risk in the process of underwriting securities. The market size is the revenues generated from the fees and commissions levied on the services provided. This market excludes companies acting as agents and/or brokers between buyers and sellers of securities and commodities. These establishments primarily underwrite, originate, and/or maintain markets for issue of securities as well as offering other corporate finance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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