Securities finance
State Street Securities finance decreased by 8.7% to $116.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $114.00M to $116.00M. Over 4 years (FY 2021 to FY 2025), Securities finance shows an upward trend with a 5.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher income reflects increased demand for securities lending and favorable market spreads, while lower income suggests reduced market demand for shorting or liquidity.
Detailed definition
Income generated from lending securities to market participants to facilitate short selling or settlement, often involvi...
Peer comparison
Standard for large custodial banks with significant securities lending programs.
other_fees_and_commissions_securities_financeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $109.00M | $106.00M | $102.00M | $96.00M | $107.00M | $110.00M | $103.00M | $109.00M | $117.00M | $103.00M | $97.00M | $96.00M | $108.00M | $116.00M | $118.00M | $114.00M | $126.00M | $138.00M | $127.00M | $116.00M |
| QoQ Change | — | -2.8% | -3.8% | -5.9% | +11.5% | +2.8% | -6.4% | +5.8% | +7.3% | -12.0% | -5.8% | -1.0% | +12.5% | +7.4% | +1.7% | -3.4% | +10.5% | +9.5% | -8.0% | -8.7% |
| YoY Change | — | — | — | — | -1.8% | +3.8% | +1.0% | +13.5% | +9.3% | -6.4% | -5.8% | -11.9% | -7.7% | +12.6% | +21.6% | +18.8% | +16.7% | +19.0% | +7.6% | +1.8% |
Product Breakdown
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 |
|---|---|---|---|---|---|---|---|---|
| Securities finance | $0.00 | $117.00M | $0.00 | $0.00 | $0.00 | $108.00M | $0.00 | $0.00 |
| Total | $109.00M | $117.00M | $103.00M | $97.00M | $96.00M | $108.00M | $116.00M | $114.00M |
Securities finance was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Investment Servicing | $101.00M | $111.00M | $113.00M | $108.00M | $119.00M | $133.00M | $121.00M | $110.00M |
| Investment Management | $7.00M | $5.00M | $5.00M | $6.00M | $7.00M | $5.00M | $6.00M | $6.00M |
| Total | $108.00M | $116.00M | $118.00M | $114.00M | $126.00M | $138.00M | $127.00M | $116.00M |
Securities finance at Other Companies
Frequently Asked Questions
- What is State Street's securities finance?
- State Street (STT) reported securities finance of $116.00M in Q1 2026.
- How has State Street's securities finance changed year-over-year?
- State Street's securities finance increased by 1.8% year-over-year, from $114.00M to $116.00M.
- What is the long-term trend for State Street's securities finance?
- Over 4 years (2021 to 2025), State Street's securities finance has grown at a 5.0% compound annual growth rate (CAGR), from $416.00M to $505.00M.
- What does securities finance mean?
- Revenue from lending out securities held in custody to other market participants.