Financial Statistics

Financial statistics 2026
Photo by Markus Spiske on Unsplash

The financial sector covers banking, payments, capital markets, insurance, credit, and fast-growing nonbank financial institutions. A strong 2026 overview page should focus on current scale and industry structure rather than scattered one-off stats.

Quick Answer (2026): McKinsey says global banking revenues after risk cost reached a record $5.5 trillion in 2024, with net income at $1.2 trillion. The Financial Stability Board also reported that nonbank financial institutions represented 51.0% of global financial assets in 2024.

Financial industry key statistics

Metric Figure Year
Global banking revenues after risk cost $5.5 trillion 2024
Global banking net income $1.2 trillion 2024
NBFI share of global financial assets 51.0% 2024
Largest bank by assets ICBC, $6.6T+ 2025

How big is the financial industry?

McKinsey’s 2025 Global Banking Annual Review says banking revenues after risk cost reached a record $5.5 trillion in 2024, while global banking net income hit $1.2 trillion. That makes banking one of the most profitable and systemically important industries in the world.

How important are nonbanks now?

The Financial Stability Board says the nonbank financial sector expanded in 2024 and represented 51.0% of total global financial assets. That is important because finance is no longer just a bank story; insurers, funds, private credit, and other intermediaries now hold a majority share of assets globally.

Biggest bank in the world

S&P Global Market Intelligence said ICBC remained the world’s largest bank by assets in 2025, with more than $6.6 trillion in total assets.

Subsections of this category include

FAQ

How much revenue did global banking generate in 2024?

McKinsey says global banking revenues after risk cost reached $5.5 trillion in 2024.

How large is the nonbank financial sector?

The FSB says nonbank financial institutions represented 51.0% of global financial assets in 2024.

Sources / References