Global Q4 2025 M&A Quarterly | Strong Uptick Closes Out Quiet Year For M&A
February 5, 2026

M&A in 2025 was subdued overall, with geopolitical and market uncertainty leading to buyer and seller caution. This was particularly evident in Q2/Q3, as the market adjusted to the (often unpredictable) realities of the Trump administration – however, the sector finished strongly in Q4 and that momentum has continued into 2026.