Global securities lending revenue hikes 20% YoY for October, reports Equilend
06 November 2026 US
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The global securities lending industry generated US$1.73 billion in revenue for October, up 20 per cent year-on-year (YoY), according to Equilend Data & Insights.
Average loan balances increased 20 per cent year-on-year to US$3.87 trillion, while the lender-to-broker market generated US$1.35 billion in October, a 25 per cent increase from the same month last year.
Over the same period, broker-to-broker activity accounted for an additional US$386 million, up 6 per cent.
Equities led the month's performance, with lender revenue reaching US$1.05 billion, up 23 per cent YoY.
Fixed income revenues rose to US$301 million, up 29 per cent YoY.
Government bond lending revenue increased 34 per cent year-on-year to US$222 million, while corporate bond lending revenue rose 16 per cent to US$79 million.
APAC remained the leading global equity lending region, with lender-to-broker revenue increasing 82 per cent YoY to US$531 million.
Taiwan and Hong Kong were the largest contributors in the region, generating US$165 million and US$163 million respectively, followed by Japan at US$93 million and Korea at US$78 million.
In North America, lender-to-broker equity revenue declined 17 per cent year-on-year to US$388 million, as a 31 per cent fall in fees offset a 23 per cent increase in loan balances.
North American fixed income markets recorded stronger growth, with government bond lending revenue increasing 42 per cent to US$150 million, while corporate bond lending revenue rose 25 per cent to US$51 million.
Lender-to-broker revenue for EMEA equities increased 43 per cent YoY to US$123 million.
Loan balances rose 12 per cent while fees increased 29 per cent across the region.
Within EMEA fixed income markets, government bond lending revenue rose 21 per cent to US$60 million, while corporate bond lending revenue increased 6 per cent to US$22 million.
The UK and France were the largest contributors to EMEA government bond lending revenue, generating US$15 million and US$18 million respectively.
Single-stock revenue leaders for October were Pop Mart International Group, Pershing Square, Medtronic, Wiwynn Corp, and Bending Spoons, which collectively generated US$104 million, representing 7.7 per cent of all lender-to-broker revenue.
Average loan balances increased 20 per cent year-on-year to US$3.87 trillion, while the lender-to-broker market generated US$1.35 billion in October, a 25 per cent increase from the same month last year.
Over the same period, broker-to-broker activity accounted for an additional US$386 million, up 6 per cent.
Equities led the month's performance, with lender revenue reaching US$1.05 billion, up 23 per cent YoY.
Fixed income revenues rose to US$301 million, up 29 per cent YoY.
Government bond lending revenue increased 34 per cent year-on-year to US$222 million, while corporate bond lending revenue rose 16 per cent to US$79 million.
APAC remained the leading global equity lending region, with lender-to-broker revenue increasing 82 per cent YoY to US$531 million.
Taiwan and Hong Kong were the largest contributors in the region, generating US$165 million and US$163 million respectively, followed by Japan at US$93 million and Korea at US$78 million.
In North America, lender-to-broker equity revenue declined 17 per cent year-on-year to US$388 million, as a 31 per cent fall in fees offset a 23 per cent increase in loan balances.
North American fixed income markets recorded stronger growth, with government bond lending revenue increasing 42 per cent to US$150 million, while corporate bond lending revenue rose 25 per cent to US$51 million.
Lender-to-broker revenue for EMEA equities increased 43 per cent YoY to US$123 million.
Loan balances rose 12 per cent while fees increased 29 per cent across the region.
Within EMEA fixed income markets, government bond lending revenue rose 21 per cent to US$60 million, while corporate bond lending revenue increased 6 per cent to US$22 million.
The UK and France were the largest contributors to EMEA government bond lending revenue, generating US$15 million and US$18 million respectively.
Single-stock revenue leaders for October were Pop Mart International Group, Pershing Square, Medtronic, Wiwynn Corp, and Bending Spoons, which collectively generated US$104 million, representing 7.7 per cent of all lender-to-broker revenue.
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