First-quarter (Q1) profits declined for brokerage firms that belong to the New York Stock Exchange (NYSE).

The NYSE reports that firms that conduct business with the public (which includes firms that trade primarily for their own account, but excludes designated market makers) generated combined after-tax profits of approximately $2.2 billion (all figures in U.S. dollars) Q1 on revenue of approximately $39.5 billion.

This is down from total after-tax profits of $4.3 billion in Q1 2015 and revenue of $43.6 billion.

On a quarter-over-quarter basis, the results represent an uptick, as NYSE firms reported an overall loss of $115 million in the fourth quarter of 2015.