Morgan Stanley Brokerage commissions revenue increased by 8.5% to $1.69B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.1%, from $1.48B to $1.69B. Over 4 years (FY 2021 to FY 2025), Brokerage commissions revenue shows relatively stable performance with a 1.8% CAGR.
gs_brokerage_commissions_revenue| 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 | $1.31B | $1.28B | $1.31B | $1.42B | $1.22B | $1.13B | $1.17B | $1.24B | $1.09B | $1.10B | $1.11B | $1.23B | $1.18B | $1.29B | $1.39B | $1.48B | $1.43B | $1.47B | $1.56B | $1.69B |
| QoQ Change | — | -2.1% | +2.1% | +8.3% | -13.8% | -7.1% | +3.2% | +6.0% | -12.0% | +0.7% | +1.1% | +10.5% | -3.6% | +9.4% | +7.4% | +6.5% | -3.8% | +3.4% | +5.7% | +8.5% |
| YoY Change | — | — | — | — | -6.7% | -11.5% | -10.6% | -12.5% | -10.7% | -3.1% | -5.0% | -1.0% | +8.5% | +17.9% | +25.2% | +20.7% | +20.5% | +13.8% | +12.0% | +14.1% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Institutional Securities1 | $684.00M | $760.00M | $770.00M | $869.00M | $814.00M | $796.00M | $823.00M | $1.01B |
| Wealth Management1 | $556.00M | $609.00M | $708.00M | $695.00M | $688.00M | $766.00M | — | $783.00M |
| Investment Management | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 |
| Total | $1.18B | $1.29B | $1.39B | $1.48B | $1.43B | $1.47B | $1.56B | $1.69B |