JPMorgan and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the North American region in 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.

GlobalData’s Financial Deals Database revealed that JPMorgan achieved its leading position in terms of value by advising on $763.9 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume, advising on a total of 210 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Houlihan Lokey and JPMorgan were the clear winners, having outpaced their peers by a significant margin in terms of volume and value in 2025. Houlihan Lokey was also the top adviser by volume in 2024.

“Meanwhile, JPMorgan improved its ranking by value from the second position in 2024, at there was more than a double-fold jump in the total value of deals advised by it due to involvement in big-ticket deals. During 2025, JPMorgan advised on 90 billion-dollar deals* that also included 17 mega deals valued more than $10 billion. It also held the second position by volume in 2025 with 168 deals.”

An analysis of GlobalData’s Deals Database reveals that Goldman Sachs occupied the third position in terms of volume with 166 deals, followed by Morgan Stanley with 155 deals, and Jefferies with 115 deals.

Meanwhile, Morgan Stanley occupied the second position in terms of value, by advising on $686.4 billion worth of deals, followed by Goldman Sachs with $581.5 billion, Evercore with $459.2 billion, and Bank of America with $432.4 billion.

*Deals valued more than or equal to $1 billion