Latest Reading
$1,279,042m
Latest level of FINRA customer margin debt.
Leverage / Speculation
Leverage matters most when it is building quietly.
This page separates the level of margin debt from its growth rate and GDP context so the picture stays explainable.
leverage
FINRA Margin Debt
Change Windows
1m+53445.00
3m+95388.00
1y+341789.00
Freshness
FINRA:margin_debt_debit_balancesstaleJan 31, 2025
FINRA Margin Debt history
2025-01-31 to 2026-01-31
Thresholds
latestLevel series displayed for context.0 pts
Methodology
Surfaces the latest FINRA margin debt level for context.
margin_debt_latest = FINRA margin debt level
Level data is best read alongside growth rates and GDP scaling.
This context metric does not directly contribute risk points in v1.
leverage
Margin Debt YoY
Latest Reading
36.47%
Year-over-year change in FINRA margin debt.
Change Windows
1mUnavailable
3mUnavailable
1yUnavailable
Freshness
FINRA:margin_debt_debit_balancesstaleJan 31, 2025
Margin Debt YoY history
Not enough historical data to render a chart yet.
Thresholds
deleveragingMargin debt is shrinking sharply.2 pts
stableMargin debt is broadly stable.5 pts
buildingMargin debt is building quickly.10 pts
speculativeMargin debt growth is speculative.15 pts
Methodology
Computes year-over-year change in the FINRA margin debt series.
((margin_debt_t / margin_debt_t_minus_12m) - 1) * 100
The series is monthly and can be revised by the source.
Deleveraging can appear after risk has already been unwound.
leverage
Margin Debt to GDP
Latest Reading
4.07%
Margin debt scaled by nominal GDP, exposed as chart-only until thresholds are calibrated.
Change Windows
1m+0.17
3m+0.30
1y+0.95
Freshness
FINRA:margin_debt_debit_balancesstaleJan 31, 2025
FRED:GDPstaleOct 1, 2025
Margin Debt to GDP history
2025-01-31 to 2026-01-31
Thresholds
chart_onlyDisplayed for context only.0 pts
Methodology
Divides FINRA margin debt by the latest nominal GDP reading available at that date.
(margin_debt_millions / (gdp_billions * 1000)) * 100
Thresholds are intentionally not calibrated yet, so this metric is excluded from scoring.
Quarterly GDP is carried forward to match monthly margin debt dates.