Securities lending revenues reached $1.821 billion in July, a 15% increase compared with July 2025, according to S&P Global.
Year-to-date revenues totalled $10.622 billion, according to the firm’s securities finance snapshot by Matt Chessum.
Average fees declined 14% year-on-year to 51bps, though average balances continued to expand, rising 34% to $4.13 trillion — approximately $1.05 trillion higher than the July 2025 level.
Lendable supply increased 22% to $54.934 trillion, while average utilisation climbed 12% to 6.0%, indicating that growth in borrowing demand continued to outpace the expansion in available supply.
