Global securities finance revenue up 47% YoY for July, says EquiLend
05 August 2025 US
Image: MP_Studio/stock.adobe.com
The global securities finance industry generated US$1.24 billion in revenue for lenders in July 2025, up 47 per cent year-on-year (YoY), according to EquiLend Data & Analytics.
The figure also marks a 12 per cent month-on-month increase from June 2025.
网爆吃瓜 finance revenue was driven largely by strength in global equity markets, where lending revenue reached US$1.01 billion for the month, a 58 per cent increase YoY.
Fixed income markets also continued to show growth, generating nearly US$230 million in revenue, up 11 per cent from the same period last year.
The sustained momentum comes as monetary policies diverge across regions and market participants brace for potential volatility amid ongoing geopolitical uncertainty, the firm says.
In the Americas, revenue surged on the back of outsized equity lending performance, which jumped 66 per cent YoY.
This growth was concentrated in a small number of high-fee securities: stocks with borrow fees over 500 basis points (鈥榟ot鈥� equities) accounted for more than US$488 million in revenue 鈥� over 75 per cent of the region鈥檚 total equity lending revenue.
EMEA markets also recorded 鈥渟olid gains鈥� according to EquiLend data, with equity lending revenue up 41 per cent from July 2024.
Within fixed income, corporate debt led the way with a 9 per cent increase, while government debt posted a 1 per cent rise.
In APAC, markets saw robust activity with equity lending revenue up 48 per cent YoY.
Hong Kong stood out with a 189 per cent spike in revenue, driven by elevated borrowing demand. Guotai Junan International, a Hong Kong based financial services firm, was a leading target for short sellers, notes EquiLend.
Asia Pacific鈥檚 fixed income market also posted the strongest YoY growth across all regions, up 26 per cent.
Single-stock revenue was led for the second consecutive month by US-based technology firm CoreWeave, which generated over US$209 million in lending revenue.
Other top earners included Guotai Junan International Holdings, Quantum Computing, Circle Internet Group, and UK utility SSE. Combined, these five securities accounted for more than US$261 million in revenue for July.
The figure also marks a 12 per cent month-on-month increase from June 2025.
网爆吃瓜 finance revenue was driven largely by strength in global equity markets, where lending revenue reached US$1.01 billion for the month, a 58 per cent increase YoY.
Fixed income markets also continued to show growth, generating nearly US$230 million in revenue, up 11 per cent from the same period last year.
The sustained momentum comes as monetary policies diverge across regions and market participants brace for potential volatility amid ongoing geopolitical uncertainty, the firm says.
In the Americas, revenue surged on the back of outsized equity lending performance, which jumped 66 per cent YoY.
This growth was concentrated in a small number of high-fee securities: stocks with borrow fees over 500 basis points (鈥榟ot鈥� equities) accounted for more than US$488 million in revenue 鈥� over 75 per cent of the region鈥檚 total equity lending revenue.
EMEA markets also recorded 鈥渟olid gains鈥� according to EquiLend data, with equity lending revenue up 41 per cent from July 2024.
Within fixed income, corporate debt led the way with a 9 per cent increase, while government debt posted a 1 per cent rise.
In APAC, markets saw robust activity with equity lending revenue up 48 per cent YoY.
Hong Kong stood out with a 189 per cent spike in revenue, driven by elevated borrowing demand. Guotai Junan International, a Hong Kong based financial services firm, was a leading target for short sellers, notes EquiLend.
Asia Pacific鈥檚 fixed income market also posted the strongest YoY growth across all regions, up 26 per cent.
Single-stock revenue was led for the second consecutive month by US-based technology firm CoreWeave, which generated over US$209 million in lending revenue.
Other top earners included Guotai Junan International Holdings, Quantum Computing, Circle Internet Group, and UK utility SSE. Combined, these five securities accounted for more than US$261 million in revenue for July.
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