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 is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Higher costs generally correlate with higher trading volumes and fee-based revenue, but excessive costs relative to volume may indicate margin compression.
Detailed definition
Direct costs incurred for the execution, clearing, and settlement of financial transactions on behalf of clients. These...
Peer comparison
Standard for firms involved in trading and investment servicing; often compared to transaction-based revenue.
ms_brokerage_clearing_exchange_feesHistorical Data
| 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% |
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?
- Fees paid to third-party exchanges and clearing houses to process trades.