Houlihan Lokey Tops Q1 2026 M&A Volume with 76 Transactions

HLIHLI

Houlihan Lokey topped global M&A advisers by volume in Q1 2026 with 76 transactions, maintaining its leadership from Q1 2025. The firm ranked outside the top five by deal value, ceding that metric to Goldman Sachs ($267bn) and Morgan Stanley ($210.3bn).

1. Transaction Volume Leadership

In Q1 2026 Houlihan Lokey advised on 76 M&A deals, leading global advisers by transaction count and retaining its Q1 2025 top position.

2. Position in Value Rankings

The firm did not rank among the top five advisers by deal value, where Goldman Sachs led with $267bn of advised deals and Morgan Stanley followed with $210.3bn.

3. Implications for Firm Performance

Sustained volume leadership enhances Houlihan Lokey’s visibility and deal flow, supporting fee revenue growth, although trailing peers in high-value deals may limit overall advisory fee mix.

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