US Stock Margin Debt (FINRA)
US stock margin debt and customer cash balances, monthly by account type from FINRA since 1997.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margin Debt | 1,453.83 | 1,417.23 | 1,502.07 | 1,415.56 | 1,304.28 | 1,220.92 | 1,253.19 | 1,279.04 | 1,225.6 | 1,214.32 | 1,183.65 | 1,126.49 | 1,059.72 | 1,022.55 | 1,007.96 | 920.96 | 850.56 | 880.32 | 918.14 | 937.25 | 899.17 | 890.85 | 815.37 | 813.21 | 797.16 | 810.84 | 809.32 | 809.43 | 775.46 | 784.14 | 742.96 | 701.98 | 700.77 | 660.89 | 635.28 | 680.85 | 689.19 | |
| Free Credit Balances in Customer Accounts2 | ||||||||||||||||||||||||||||||||||||||
| In Cash Accounts | 207.64 | 205.13 | 217.44 | 206.6 | 217.84 | 221.86 | 205.06 | 203.7 | 211.72 | 202.13 | 197.92 | 204.11 | 188.22 | 194.71 | 200.57 | 187.69 | 187.96 | 189.86 | 183.28 | 178.3 | 181.28 | 170.05 | 173.62 | 167.9 | 148.7 | 154.95 | 157.24 | 155.26 | 161.75 | 166.99 | 166.14 | 165.03 | 161.64 | 171.21 | 162.87 | 153.92 | 177.71 | |
| In Margin Accounts | 217.5 | 217.31 | 223.41 | 217.26 | 215.45 | 205.6 | 200.05 | 196.91 | 199.76 | 194.42 | 195.38 | 194.88 | 181.56 | 186.67 | 185.58 | 176.7 | 175.82 | 176.16 | 176.05 | 166.35 | 175.8 | 167.22 | 164.81 | 158.36 | 152.11 | 150.74 | 149.71 | 145.07 | 149.86 | 151.34 | 150.62 | 144.94 | 147.02 | 146.32 | 142.12 | 141.75 | 145.99 |
Latest reading
The latest reading is 1,453.83 USD billion, for Aug 2026. That is +2.6% from Jul 2026 and +37.2% from a year earlier. The series on this page is monthly and runs from Jan 1997 to Aug 2026. Source: FINRA (Financial Industry Regulatory Authority) — Margin Statistics.
- Latest
- 1,453.83 USD billion
- Aug 2026
- vs previous period
- +2.6%
- Jul 2026
- vs a year earlier
- +37.2%
About this data
US stock margin debt and customer cash balances, monthly by account type from FINRA since 1997. This dataset covers total funds borrowed by United States investors to purchase securities and idle cash balances in brokerage accounts. It provides a direct measure of market leverage and investor risk appetite.
Frequently asked questions
- What does US Stock Margin Debt (FINRA) measure?
- It measures the total funds borrowed by United States investors from brokerage firms to purchase securities, alongside idle cash balances held in customer accounts. Compiled monthly by FINRA from member reports, it serves as a primary gauge of investor leverage in the United States stock market.
- How often is this data published and how far back does it go?
- The data is published monthly by the Financial Industry Regulatory Authority (FINRA), with historical series beginning in 1997 and updating continuously with each new release.
- What breakdowns are available in these margin statistics?
- The table includes top-level measures for margin debt and free credit balances in customer accounts, with further breakdowns distinguishing between cash accounts and margin accounts.
- How is margin debt related to market cycles in the United States?
- Margin debt typically expands rapidly during bullish phases as investors increase borrowing, and it contracts sharply during market downturns as leveraged positions face liquidation and forced selling.
