Global Investment Banking Revenue Hit $1.12 Trillion
Boston Consulting Group projected the 2026 market growth as non-bank firms continued to expand their industry share.
Updated on Oct. 14, 2026 in Financial Services
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The global corporate and investment banking market reached a projected revenue of $1.12 trillion in 2026. Non-bank financial firms increasingly captured industry market share, reaching 19 percent in 2026.
Why it matters
The rise of non-bank firms highlights a shift in how financial services operate, with traditional banks adapting by prioritizing client relationship models over individual product sales. This restructuring reflects broader competitive pressure as non-bank players expand into areas like trading and credit fund financing.
Non-bank firms commanded a 19 percent global market share in 2026, significantly higher than the 4 percent they held in 2013. The broader corporate and investment banking market is forecast to climb from $1.12 trillion in 2026 to $1.39 trillion by 2030.
The players
Boston Consulting Group
This global management consulting firm provides strategic advice to corporations and governments on economic and market trends.
UBS
Based in Switzerland, this multinational investment bank and financial services company provides wealth management and asset management services globally.
The details
Banks are evolving their business models by financing private credit funds rather than acting as sole lenders, while simultaneously utilizing artificial intelligence to target a 10 to 20 percent reduction in operating costs by 2030. UBS remains a notable industry participant, reporting $11.8 billion in 2025 revenue from its Investment Bank alongside $8.2 billion from its personal and corporate divisions.
Timeline
Non-bank market share was recorded at 4 percent in 2013.
Trading revenue for non-bank entities was half of current levels in 2020.
Private credit fund financing experienced 15 percent annual growth between 2022 and 2025.
Global corporate and investment banking revenue reached $1.12 trillion in 2026.
The total market is projected to reach $1.39 trillion by 2030.
Market Landscape
The transition of banks toward financing private credit funds mirrors the ongoing shift in capital distribution away from traditional balance sheets. This move positions firms to remain relevant as non-bank entities capture nearly a fifth of the total global market share.
As banks shift their strategies, customers may see changes in the availability and pricing of corporate loan products. These structural adjustments within the banking sector often dictate the types of services and credit terms accessible to businesses and institutional clients.
The takeaway
The banking sector is experiencing a fundamental shift toward automated efficiency and strategic partnerships with non-bank entities. Investors and clients should monitor these trends as institutions attempt to reach aggressive return-on-equity targets by 2030.
Further reading
For more information on the industry, visit the Financial Services section.
Source note: This article includes information reported by Finews.
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