Change in securities borrowed

Operating

JPMorgan Chase Change in securities borrowed increased by 55.0% to $37.82B in Q4 2025 compared to the prior quarter. Over 3 years (FY 2021 to FY 2025), Change in securities borrowed shows an upward trend with a 13.5% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025

How to read this metric

An increase suggests higher demand for securities financing and increased market-making activity, while a decrease suggests reduced activity.

Detailed definition

This represents the cash flow impact of changes in the volume of securities borrowed to facilitate trading, short-sellin...

Peer comparison

Comparable to 'securities borrowed/loaned' adjustments at other major broker-dealers and investment banks.

Metric ID: cf_jpm_change_in_securities_borrowed

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$6.89B$16.63B$3.16B$18.98B-$22.36B-$8.97B-$7.86B$10.46B-$32.30B$24.69B$12.05B-$2.10B$510.00M$53.28B$19.16B-$14.72B$24.39B$37.82B
QoQ Change+141.5%-81.0%+499.8%-217.8%+59.9%+12.4%+233.1%-408.7%+176.4%-51.2%-117.4%+124.3%>999%-64.0%-176.9%+265.7%+55.0%
YoY Change-424.6%-153.9%-348.3%-44.9%-44.4%+375.3%+253.4%-120.1%+101.6%+115.8%>999%<-999%-54.2%
Range-$32.30B$53.28B
CAGR+49.3%
Avg YoY Growth-178.3%
Median YoY Growth-44.9%
Current Streak2 quarters growth

Frequently Asked Questions

What is JPMorgan Chase's change in securities borrowed?
JPMorgan Chase (JPM) reported change in securities borrowed of $37.82B in Q4 2025.
What is the long-term trend for JPMorgan Chase's change in securities borrowed?
Over 3 years (2021 to 2025), JPMorgan Chase's change in securities borrowed has grown at a 13.5% compound annual growth rate (CAGR), from $45.64B to $66.65B.
What does change in securities borrowed mean?
The net cash impact of borrowing securities to support trading and market-making activities.

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