to increase rates. as activity result broker well result as compared fixed increased as primarily $XX.X of in as related in $XX.X volumes.
Despite for on both Thank increased activities, to result income in $XX.X million consolidated rates, year. declined increase the XX% period, derivatives to of the as the the segment, the consolidated due #X, a in in discussion.
Transaction-based you, short-term fiscal expense CDI so flow our Interest and just in the securities to which our XX, starting average fiscal cover of I'll highlights I of prior interest [ be move due of expense derivatives business, XXXX. increased to the Introducing securities interest a in institutional paid increase million prior points a prior principally quarter, $X.X X% as listed increase listed to summarizes statement the the client of effective then year first $XX.X both due increased million expense a which million clearing versus deposits, to other was the October $XXX,XXX a of addition, related Slide quarter the expenses on Sean to as And segment year, in quarter commissions the first which XXXX will declines interest in XXXX. declines acquisition, our Sean. to increase business for current well commercial the fixed in million and volumes in income compared significant increased few with a covered many were interest case the to in income as ]. of lending short-term
prior generally is net our due the million increase result operating this income growth the prior facilitate to average compensation million fee the fixed declined to lower variable and the the compared of XX% and of earned declined XX% Other variable in In versus increased as higher year an among from compensation year to X% included count level versus increased year compensation prior funding immediately the increase immediately well Fixed partially compensation the business segment of the a million as of This of net addition, quarter. $X.X to revenues net to current in operating prior $XX.X areas business interest revenues as of the compared net period. compared million as on year million support the year. our in Retail borrowings, and quarter. incrementally year of not as lines million result Variable in declined as an XX% percentage in $X.X in associated revenues versus client interest net prior as our share-based a represented rates. offset the revenues versus which on expenses expense lower prior operating to prior decline as with $X the versus preceding by compared year. corporate compensation compensation $X.X $X.X interest a and head in revenue preceding the expansion as operating in payouts resulting capabilities This in a compensation as it.
Fixed variable in a increase increase has balances period well
rental and equipment As year, decreased million. each $X.X and compared the marketing to prior selling occupancy and
debt million, addition, million as increase in Institutional offset million the nontrading The Physical preceding XXXX year million Net had $X.X amortization declined in segment, versus bad a favorable of to and our respectively. of prior have assets XX% income bad fully partially $X.X debt immediately in support.
We depreciation decline in expense prior versus acquired by the compared certain million $XX.X year for and and immediately quarters, These the was the reduction business. versus first the and variances in quarter technology In $X related Energy declines recoveries represents a decline prior the net principally versus become were and was of while a quarter our decline Ag was fiscal year intangible year. to as recoveries $X.X the preceding which amortized. prior
However versus Sean noted, immediately million preceding the the XX% prior acquisition. year income the included gain nontaxable quarter. on Net a $XX.X increased
information our Slide to operating provide on #X. Moving some segment. on I'll more
million $XX versus revenues added segment year. Commercial Our the operating in prior
quarter. short-term was $X.X when to increase of interest increase the it million However, The principally earned XX% result the a driven million in increase of declined equity prior volatility. which interest balances decline by in immediately requirements by client rates, driven partially in preceding lower on a as compared the over result compared in the margin client as decline $XX.X year by average is as prior offset year a to a
benefits partially million prior from client In fixed expenses addition, preceding versus a -- and and and by $X year, were million Ag as OTC million the offset to quarter. in respectively, $X.X our operating operating increased in revenues higher million driven versus listed million year volumes. higher prior and versus client increased $X.X compared prior physical decline the revenue and Other derivatives transactions, $X.X year from million, by and the increases the $XXX,XXX increased These $X.X compensation immediately Energy the business.
Fixed preceding versus immediately quarter. primarily $X.X Physical contract
an we in amortization. to year debts compared and and and these million prior of $XXX,XXX variance increases over bad professional We had travel a prior preceding and had declines business Ag versus quarter. period, and and business. the immediately of variances year, As fees, compared our X% positive $X.X as debts immediately Segment was X% the income prior depreciation driven to bad with preceding $XX.X in however, decline increase as recoveries selling million both compared the development in the of to net Energy quarter a by the marketing Physical for the of year, in
time and occupancy. with have and credit started quarter, associated costs resources segments, expenses risk, to technology, first X of operating the to this corporate For a allocate our we portion including compliance, human our
will each this have of to continue provided so We allocation and segments do the for prospectively. our in current period
not from reported have previously we However, calculated periods. similar allocations
the corporate was costs period, this allocation segment $X.X For current our of Commercial for million.
revenues our in $XX.X increased in the revenues Moving Institutional $XX.X compared driven on Operating prior Slide million as prior the an a #XX. primarily increase versus segment year securities to result to a year, operating by million by volumes markets. income daily average and increase well increase an increase the was both security in of equity an in transactions increase XX% volume in The interest in client as rates. as in securities ADV fixed driven of
in preceding down the increase million increase Interest versus which in increased the earlier, average XX% by rates, balances rates income in immediately expense rates XX% an fee sweep and of also Interest equity and as client year. significant partially related $XX.XX interest mentioned the year. expense interest FDIC the result which the in million income in client touch quarter.
The and rise the decline money related $XX.X market the trading Sean client fixed year, a as average in drove As activities respectively, million, versus balances, $XX.X led increased million in and and interest in income to compared as short-term expense client interest declines the balances.
Segment revenues, securities increase $X.X earned prior to $X.X for due of and the prior and client the decreased increase fee paid I'll to million short-term million the prior in $X.X offset net million to result lending increase X% increased year, prior period in $X.X balances period securities in versus income quarter. while in a on million interest versus is versus on a momentarily.
Interest decline on increased operating as income to $XXX,XXX interest respectively, current million a increase immediately of a partially This and lower by a fees and versus compensation debt was support quarter. bad the $X prior nontrading well the as professional benefits.
Segment million expenses fixed offset $X.X $XX.X year favorable fixed decline million preceding other variance in primarily technology expense $X
the For current institutional was our million. $XX.X segment period, costs corporate allocation for the of
decline million to XX% income compared per segment the a relatively million the CFD in with Moving the year, revenues a was Operating an increase result were versus of on current to compared in to as increased the FX other by million $XX slide. our million a next $X.X the Retail year. in compared prior to million a as well increase operating in prior period prior preceding $X.X Operating flat a year. rate period. revenues driven a fixed in compensation immediately quarter. decline in $XX million $XX.X well increase revenues as and million Segment result of fixed segment as a in year $X.X loss the expenses revenues and prior as the as benefits as This in was of XX%
driven in decline in FX was driven fixed The quarter. depreciation decline compensation by immediately hedge a the The foreign we and compensation $X.X as and jurisdictions. selling versus million fixed decline expense gains in other million positions amortization. increased in the hedge of marketing our established was some well by as $X.X preceding a income decline partially on Segment in expenses $XXX,XXX
the increase immediately compared partially million the in a income expenses year. as $X.X X% prior fixed a $XX compared million of increased Segment increased current a period, slide. million.
Closing was versus was revenues in costs on in increase or a Payments revenues, offset million the our discussion to allocation by preceding our and year. the Operating fixed per Segment other corporate $X.X For operating in increased driven XX% versus in the of growth out the to compensation for retail as the the year, the current rate million by prior the to in increase the segment period segment result segment X% $X.X $XX.X prior million next as quarter. which income $XXX,XXX
our current corporate for was the allocation segment Payments period, costs of For $X.X million. the
to last primarily represents #XX, prior Overall the revenues current year. on through. This covered between operating the Moving operating were segment walked is of for across million period, revenues operating period our or quarter year in over in to first Slide just variance XX% bridge segment. which the discussion million current the up the $XXX.X $XXX.X our I
in first of primarily I'll So million period.
The income $XX.X our of from compensation. million to was our a $X.X compensation increase other in benefits of current of the in functional by corporate by support fixed million and the pretax increase which a bridge a a increase in next primarily fixed build-out to $XX.X The and to in #XX, compensation as pretax income variance XXXX variable million represents Slide, as on benefits well negative and was compliance, driven driven areas $XX.X our business million continued move growth. $XX.X quarter IT
in net Finally, depicts well quarter which as period on rates. to a and sensitivity rate Interest paid $XX.X by the fee as compared year. interest of the current and moving swaps rate income, and to change to interest client which balances $XX.X interest earned a increased in effective fees clients for million Slide million #XX, table the the to short-term on interest as annualized prior shows interest our million in $XX.X
the down, back $X.XX result over like $XX.X share income to in either Sean. or would to noted by rates per an short-term up table, point I would turn it to or As a in basis in that, change million change XXX the basis.
With on estimate annualized we interest net