Other
Brokerage, clearing and exchange fees
Morgan Stanley Brokerage, clearing and exchange fees increased by 11.3% to $1.26B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.8%, from $1.22B to $1.26B. Over 4 years (FY 2021 to FY 2025), Brokerage, clearing and exchange fees shows an upward trend with a 8.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2015
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase typically correlates with higher trading volumes, while a decrease may signal lower market activity or improved operational efficiency.
Detailed definition
These are the direct costs incurred by the firm to execute, clear, and settle trades on behalf of clients or for the fir...
Peer comparison
Standard operating expense for broker-dealers and investment banks.
Metric ID:
other_floor_brokerage_exchange_and_clearance_feesHistorical Data
20 periods
| 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 | $795.00M | $825.00M | $811.00M | $882.00M | $878.00M | $847.00M | $851.00M | $881.00M | $875.00M | $855.00M | $865.00M | $921.00M | $995.00M | $1.04B | $1.18B | $1.22B | $1.19B | $1.14B | $1.13B | $1.26B |
| QoQ Change | — | +3.8% | -1.7% | +8.8% | -0.5% | -3.5% | +0.5% | +3.5% | -0.7% | -2.3% | +1.2% | +6.5% | +8.0% | +4.9% | +13.0% | +3.6% | -2.8% | -4.0% | -1.1% | +11.3% |
| YoY Change | — | — | — | — | +10.4% | +2.7% | +4.9% | -0.1% | -0.3% | +0.9% | +1.6% | +4.5% | +13.7% | +22.1% | +36.4% | +32.7% | +19.4% | +9.3% | -4.4% | +2.8% |
Range$795.00M – $1.26B
CAGR+10.1%
Avg YoY Growth+9.8%
Median YoY Growth+4.7%
Brokerage, clearing and exchange fees at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's brokerage, clearing and exchange fees?
- Morgan Stanley (MS) reported brokerage, clearing and exchange fees of $1.26B in Q1 2026.
- How has Morgan Stanley's brokerage, clearing and exchange fees changed year-over-year?
- Morgan Stanley's brokerage, clearing and exchange fees increased by 2.8% year-over-year, from $1.22B to $1.26B.
- What is the long-term trend for Morgan Stanley's brokerage, clearing and exchange fees?
- Over 4 years (2021 to 2025), Morgan Stanley's brokerage, clearing and exchange fees has grown at a 8.8% compound annual growth rate (CAGR), from $3.34B to $4.68B.
- What does brokerage, clearing and exchange fees mean?
- Costs paid to exchanges and clearinghouses to process financial transactions.