Global MA Activity Falls Below One Trillion
Global mergers and acquisitions activity dropped 41 percent in the third quarter to 993 billion dollars. Rising borrowing costs and higher interest rates weighed on dealmaking, though year-to-date totals remain strong.
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Global M&A activity fell 41% to $993 billion in the third quarter, dropping below $1 trillion for the first time since mid-2025 per LSEG data. The contraction follows soaring borrowing costs and a sharp drop in megadeals exceeding $10 billion. Despite the quarterly dip, worldwide M&A remains up 28% to $3.9 trillion year-to-date.










