Global Banking Annual Review 2026

McKinsey & Company

Klaus Dallerup

Research

28 Pages

McKinsey examines how banks posted another strong year while facing faster threats to customer ownership. Net income rose to $1.3 trillion, but fintechs, neobanks, AI, and stablecoins are pushing banks to move beyond slow followership. Precision now needs speed.

Key Takeaways

Record Profits Persist: Global bank net income rose 7% to $1.3 trillion in 2025, even as return on tangible equity slipped to 11.8%.
Customer Ownership Shifts: Fintechs captured 17% of industry revenues, while transaction banking and distribution now account for 57% of banking profits.
AI Speed Compresses: Gen AI reached 45% of US working age adults in two years, versus 15 years for digital banking.
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