Filing Flows › Industries › Financials › Security Brokers, Dealers & Flotation Companies
Security Brokers, Dealers & Flotation Companies SIC 6211
24 companies filing with the SEC under SIC 6211. Median revenue growth +12% year on year in Q3 2026 (middle half +3% to +17%, 18 companies). The growth model expects the industry's combined revenue to grow +19% in Q3 2026. 12 customer or supplier links named in annual reports.
Money flow: where the industry's revenue goes
Drawn in the browser: an estimate of where the industry's revenue goes — what it buys from other industries, the pay that reaches households, taxes and profit — beside its filed cash flow, two tiers of suppliers and its capital spending by kind of asset.
Open the industry: growth distribution, money flow, network →
Who sells to whom
Customers and suppliers named in the companies' annual reports; the share is of the supplier's revenue.
- MSCI → BLK 96% of the supplier's revenue, $3.0B
- HOOD → Citadel Securities, LLC 13% of the supplier's revenue, $581M
- HOOD → Wintermute Trading Ltd 6% of the supplier's revenue, $268M
- Navient Corp → U.S. government
- MSFT → GLXY
- BLK → CB
- GS → MIAX
- AMZN → GLXY
- BTGO → WT
- NVDA → FRHC
- MS → North Haven Net REIT
- MS → MIAX
Growth model
Industry revenue, the same companies year on year; 80% ranges. Fitted on SEC filings and tested out of sample (how).
| Quarter | Growth Y/Y | Revenue | 80% range |
|---|---|---|---|
| Q3 2026 | +19.5% | $112.7B | $93.1B – $132.3B |
| Q4 2026 | +16.4% | $88.3B | $70.0B – $106.6B |
| Q1 2027 | +14.2% | $92.8B | $72.3B – $113.4B |
| Q2 2027 | +12.7% | $97.1B | $75.1B – $119.2B |
Capital spending and supply chain →
Companies
| Company | Quarterly revenue | Y/Y | Stage |
|---|---|---|---|
| MS Morgan Stanley | $20.3B | +12% | deceleration |
| GS Goldman Sachs Group | $18.7B | +23% | deceleration |
| GLXY Galaxy Digital | $8.1B | -72% | contraction |
| BLK BlackRock | $7.8B | +19% | deceleration |
| SCHW Schwab Charles | $7.2B | +17% | transition |
| Jones Financial Companies Lllp | $5.2B | +13% | deceleration |
| RJF Raymond James Financial | $4.7B | +13% | transition |
| JEF Jefferies Financial Group | $3.2B | +11% | deceleration |
| IBKR Interactive Brokers Group | $1.9B | +16% | deceleration |
| SF Stifel Financial | $1.6B | 0% | deceleration |
| HOOD Robinhood Markets | $1.4B | +12% | deceleration |
| VIRT Virtu Financial | $1.2B | +40% | expansion |
| FRHC Freedom Holding | $733M | — | deceleration |
| SEIC SEI Investments | $662M | +14% | transition |
| PIPR Piper Sandler Companies | $444M | -8% | contraction |
| OPY Oppenheimer Holdings | $382M | -10% | contraction |
| MIAX Miami International Holdings | $376M | +11% | deceleration |
| NAVI Navient Holdings | $317M | — | — |
| Navient | $223M | — | reacceleration |
| MKTX MarketAxess Holdings | $210M | +0.8% | mature |
| WT WisdomTree | $179M | +43% | deceleration |
| COHN Cohen | $69.5M | — | deceleration |
| SIEB Siebert Financial | $31.2M | — | reacceleration |
| DOMH Dominari Holdings | $16.8M | — | contraction |
Growth from positive, comparable quarterly revenue as filed; industries are SEC Standard Industrial Classification codes. Data Nov 8, 2026.