JP Morgan and Houlihan Lokey have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume during H1 2025, respectively, in the latest Financial Advisers League Table by GlobalData, a leading data and analytics company.

GlobalData’s Financial Deals Database reveals that JP Morgan achieved its leading position in the deal value rankings by advising on $237.1 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 128 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both JP Morgan and Houlihan Lokey were also the top advisers by value and volume in H1 2024 and managed to retain the leadership positions in H1 2025 as well. Moreover, JP Morgan, which led by value, also occupied the second position by volume in H1 2025.

“It is interesting to note that apart from Houlihan Lokey, JP Morgan was the only adviser to hit triple-digit deal volume during the review period. In addition, JP Morgan managed to advise on several big-ticket deals, which helped it top the chart by value. During H1 2025, it advised on 50 billion-dollar deals*, which also included six mega deals valued more than $10 billion.”

An analysis of GlobalData’s Deals Database reveals that JP Morgan occupied the second position in terms of volume by advising on 108 deals followed by Goldman Sachs with 93 deals, Ernst & Young with 75 deals, and PwC with 75 deals.

Meanwhile, Goldman Sachs occupied the second position in terms of value, by advising on $217.2 billion worth of deals followed by Morgan Stanley with $177.5 billion, Citi with $171.1 billion, and Barclays with $146.1 billion.

*Deals valued more than or equal to $1 billion