New York – September 2, 2026 – Global securities lending revenue reached $1.90 billion in August 2026, up 25% from the same month last year, according to EquiLend Data & Insights. APAC remained the leading global equity lending region, supported by strong balances and fees, while global fixed income revenue also posted double-digit growth.

The lender-to-broker market generated $1.46 billion in August 2026, up 24% from the same month last year. Broker-to-broker activity, where broker-dealers lend and borrow securities from one another, accounted for an additional $447 million, up 32% year over year.

Global equity lender revenue reached $1.16 billion, up 23% year over year. Fixed income revenue rose 27% to $292 million, on the back of an 18% increase in government debt balances and a 20% increase in corporate debt balances.

APAC retained its position as the leading global equity lending region, with lender-to-broker revenue rising 12% from July and 116% from August 2025 to $588 million. APAC equity loan balances increased 53%, while fees rose 41% year over year. Pop Mart International (9992 HK) alone generated 9.5% of the region’s equity lending revenue as shares of the toy designer were downgraded by several analysts.

In North America, lender-to-broker equity revenue decreased 27% year over year to $438 million as fees declined sharply. The lockup expiration for the Space Exploration Technologies (SPCX US) IPO was a major focus in the U.S. equity market, with the stock generating $24 million in lending revenue during the month. Corporate bond lending revenue increased 16% to $49 million, led by continued demand for investment-grade bonds. Government bond lending revenue rose 38% year over year, while U.S. Treasury loan balances increased 19% as yields reached multi-decade highs.

Lender-to-broker revenue for EMEA equities rose to $128 million, up 76% year over year. Loan balances and fees increased 20% and 47%, respectively, amid continued volatility in energy markets stemming from the Middle East conflict. Corporate debt lending revenue increased 5%, as an 8% rise in loan balances offset a 4% decline in fees. Government debt lending revenue rose 28% year over year to $62 million as European sovereign bond yields increased throughout the month.

Single-stock revenue leaders for August were Pop Mart International (9992 HK), Z.AI Co (2513 HK), Space Exploration Technologies (SPCX US), Ondas Inc (ONDS US), and Wiwynn Corporation (6669 TT). Together, they generated $140 million, or approximately 10% of all lender-to-broker revenue.