How much online brokers made from securities lending | Q3

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Securities lending hits record quarter in Q3 2025. IPO demand and retail participation drive industry-wide growth, with brokers posting revenues in the hundreds of millions. 

Robinhood’s total securities lending revenue jumped 193% YoY to $173M last quarter, with investor participation growing 70% YoY.

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With securities lending, as with other investment activities, your capital may be at risk.

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