Global securities lending revenue rises 34% YoY for H1 2026
14 July 2026 Global
Image: mlangsen/stock.adobe.com
The global securities lending revenue has surged to a record US$9.1 billion in the first half of 2026, up by 34 per cent year-on-year (YoY), reports EquiLend Data and Insights.
Providing a snapshot of H1 2026, the firm notes that elevated market volatility and increased short selling activity drove demand across global equity markets.
Record loan balances of US$4.38 trillion, together with heightened trading around AI-related stocks, biotech catalysts, and APAC technology names, helped drive the increase in securities lending revenues.
The lender-to-broker market generated US$6.99 billion, up 34 per cent from H1 2025, while broker-to-broker lending jumped 33 per cent YoY to US$2.11 billion.
Global equities led growth for the first half of the year, with lender revenue rising 38 per cent from H1 2025, to US$5.43 billion.
North American equities reclaimed top spot, climbing 11 per cent YoY in lender revenue to US$2.32 billion, with APAC a close second at US$2.12 billion.
In EMEA, lender revenue reached US$959 million in the first half of 2026, driven by event-related demand for Koninklijke Philips and Telecom Italia.
Fixed income lender revenue also saw an increase, reaching US$1.57 billion, up 22 per cent YoY.
Corporate bond lending generated US$417 million in lender-to-broker revenue, up 11 per cent YoY, as a 36 per cent increase in North American investment-grade lending balances drove a 39 per cent increase in revenue.
Government bond lending saw a rise of 27 per cent, while US Treasurys increased 30 per cent on higher balances and fees.
Lending revenue from French government bonds (OATs) contributed to a 24 per cent YoY increase, while UK gilts rose by 29 per cent.
Single-stock revenue leaders for H1 were Infosys ADR, Pop Mart International, TopBuild, Contemporary Amperex Technology H, and Lucid Group, which collectively generated US$306 million, or 4.4 per cent of lending revenue.
Providing a snapshot of H1 2026, the firm notes that elevated market volatility and increased short selling activity drove demand across global equity markets.
Record loan balances of US$4.38 trillion, together with heightened trading around AI-related stocks, biotech catalysts, and APAC technology names, helped drive the increase in securities lending revenues.
The lender-to-broker market generated US$6.99 billion, up 34 per cent from H1 2025, while broker-to-broker lending jumped 33 per cent YoY to US$2.11 billion.
Global equities led growth for the first half of the year, with lender revenue rising 38 per cent from H1 2025, to US$5.43 billion.
North American equities reclaimed top spot, climbing 11 per cent YoY in lender revenue to US$2.32 billion, with APAC a close second at US$2.12 billion.
In EMEA, lender revenue reached US$959 million in the first half of 2026, driven by event-related demand for Koninklijke Philips and Telecom Italia.
Fixed income lender revenue also saw an increase, reaching US$1.57 billion, up 22 per cent YoY.
Corporate bond lending generated US$417 million in lender-to-broker revenue, up 11 per cent YoY, as a 36 per cent increase in North American investment-grade lending balances drove a 39 per cent increase in revenue.
Government bond lending saw a rise of 27 per cent, while US Treasurys increased 30 per cent on higher balances and fees.
Lending revenue from French government bonds (OATs) contributed to a 24 per cent YoY increase, while UK gilts rose by 29 per cent.
Single-stock revenue leaders for H1 were Infosys ADR, Pop Mart International, TopBuild, Contemporary Amperex Technology H, and Lucid Group, which collectively generated US$306 million, or 4.4 per cent of lending revenue.
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