Global deal activity falls 3% YoY during Q1–Q3 2026, finds GlobalData
Global deal activity fell during the first nine months of 2026, as cautious dealmaking sentiment continued to weigh on transaction activity worldwide. The total number of deals (comprising mergers and acquisitions (M&A), private equity, and venture financing) announced globally declined by 3% during Q1–Q3 2026 compared to the same period in the previous year, according to GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Financial Deals Database revealed that the overall decline was primarily driven by weaker M&A activity. The total number of M&A deals announced globally fell by 5% year-on-year (YoY) during Q1–Q3 2026, reflecting continued selectivity among corporate buyers. In contrast, venture financing remained broadly stable, edging up by 0.2% YoY, while private equity deal volume increased by 5%.
Aurojyoti Bose, lead analyst at GlobalData, comments: “The decline in global deal activity during the first nine months of 2026 reflects continued caution among dealmakers, particularly in the M&A space. Businesses appear to be taking a more disciplined approach to transactions, with strategic fit, valuation, and financing considerations remaining central to decision-making. However, stable venture financing and growth in private equity activity suggest that investors remain willing to pursue compelling opportunities.”
Regional performance was mixed. North America remained relatively resilient, with deal volume slipping by just 0.3% YoY during Q1-Q3 2026. Asia-Pacific and Europe registered declines of 5% and 4%, respectively, while deal volume in South and Central America was down by 13% YoY.
Country-level trends further highlight the uneven nature of global dealmaking conditions. The US recorded a modest 0.4% YoY increase, while China posted a strong 13% rise. India and Italy each registered 4% growth, while Spain and Denmark saw deal volume increase by 8% each.
Meanwhile, several major markets moved in the opposite direction. The UK and Germany each recorded a 4% YoY decline, while France, Canada, and Ireland saw deal volume fall by 7% each. Japan registered a sharp 29% decrease, while Australia and Poland both declined by 15%. Brazil and Indonesia recorded declines of 21%, while Turkey saw 28% fall.
Bose concludes: “Global deal activity remains under pressure, but the data points to a market characterized by selective opportunity rather than a broad withdrawal from transactions. Growth in private equity activity, stable venture funding, and momentum in markets such as China and India could provide support for dealmaking as conditions become more favorable.”