Net fee and commission income

Accounting for net fee and commission income

The Barclays Bank Group recognises fee and commission income charged for services provided by the Barclays Bank

Group as and when performance obligations are satisfied, for example, on completion of the underlying transaction.

Incremental costs are reported within fee and commission expense if they are directly attributable to generating

identifiable fee and commission income. Where the contractual arrangements also result in the Barclays Bank Group

recognising financial instruments in scope of IFRS 9, such financial instruments are initially recognised at fair value in

accordance with IFRS 9 before applying the provisions of IFRS 15.

Fee and commission income is disaggregated below by fee types that reflect the nature of the services offered across the

Barclays Bank Group and operating segments, in accordance with IFRS 15. The table below includes a total for fees in scope

of IFRS 15. Refer to Note 2 for more detailed information about operating segments.


	2025

	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Bank Group
	£m	£m	£m	£m	£m	£m
Fee type
Transactional	462	30	336	2,727	254	3,809
Advisory	—	344	710	—	—	1,054
Brokerage and execution	—	158	1,820	—	—	1,978
Underwriting and syndication	102	—	2,655	—	—	2,757
Other	11	3	64	—	31	109
Total revenue from contracts with customers	575	535	5,585	2,727	285	9,707
Other non-contract fee income	26	—	146	—	—	172
Fee and commission income	601	535	5,731	2,727	285	9,879
Fee and commission expense	(96)	(40)	(1,258)	(1,858)	(74)	(3,326)
Net fee and commission income	505	495	4,473	869	211	6,553


	2024

	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Bank Group
	£m	£m	£m	£m	£m	£m
Fee type
Transactional	448	33	336	2,661	322	3,800
Advisory	—	319	739	—	—	1,058
Brokerage and execution	—	129	1,580	—	—	1,709
Underwriting and syndication	92	—	2,596	—	—	2,688
Other	11	3	51	—	29	94
Total revenue from contracts with customers	551	484	5,302	2,661	351	9,349
Other non-contract fee income	25	—	112	—	—	137
Fee and commission income	576	484	5,414	2,661	351	9,486
Fee and commission expense	(95)	(38)	(1,127)	(1,855)	(100)	(3,215)
Net fee and commission income	481	446	4,287	806	251	6,271


	2023

	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Bank Group
	£m	£m	£m	£m	£m	£m
Fee type
Transactional	433	32	327	2,603	297	3,692
Advisory	—	251	652	—	—	903
Brokerage and execution	—	89	1,674	—	—	1,763
Underwriting and syndication	82	—	1,997	—	—	2,079
Other	12	3	57	—	60	132
Total revenue from contracts with customers	527	375	4,707	2,603	357	8,569
Other non-contract fee income	28	1	110	—	—	139
Fee and commission income	555	376	4,817	2,603	357	8,708
Fee and commission expense	(102)	(34)	(1,253)	(1,765)	(93)	(3,247)
Net fee and commission income	453	342	3,564	838	264	5,461

Fee types

Transactional

Transactional fees are service charges on deposit accounts, cash management services fees and transactional processing

fees. These include interchange and merchant fee income generated from credit and bank card usage. Transaction and

processing fees are recognised at the point in time the transaction occurs or service is performed. Interchange and merchant

fees are recognised upon settlement of the card transaction payment.

The Barclays Bank Group incurs certain card related costs including those related to cardholder reward programmes and

payments to co-brand partners. Cardholder reward programme costs related to customers that settle their outstanding

balance each period (transactors) are expensed when incurred and presented in fee and commission expense, while costs

related to customers that continuously carry an outstanding balance (revolvers) are included in the effective interest rate of

the receivable (refer to Note 3). Payments to partners for new cardholder account originations related to transactor

accounts are deferred as costs to obtain a contract under IFRS 15, while costs related to revolver accounts are included in

the effective interest rate of the receivable (refer to Note 3). Those costs deferred under IFRS 15 are capitalised and

amortised over the estimated life of the customer relationship. Payments to co-brand partners based on revenue sharing to

the extent the revenue share relates to 'revolvers' are included in the effective interest rate of the receivable and to the extent

revenue share relates to 'transactors' it is presented in fee and commission expense. Payments based on profitability are

presented in fee and commission expense.

Advisory

Advisory fees are generated from wealth management services and investment banking advisory services related to

mergers, acquisitions and financial restructurings. Wealth management advisory fees are earned over the period the services

are provided and are generally recognised quarterly when the market value of client assets is determined. Investment

banking advisory fees are recognised at the point in time when the services related to the transaction have been completed

under the terms of the engagement. Investment banking advisory costs are recognised as incurred in fee and commission

expense if direct and incremental to the advisory services or are otherwise recognised in operating expenses.

Brokerage and execution

Brokerage and execution fees are earned for executing client transactions with various exchanges and over-the-counter

markets and assisting clients in clearing transactions and facilitating foreign exchange transactions for spot/forward

contracts. Brokerage and execution fees are recognised at the point in time the associated service has been completed

which is generally the trade date of the transaction.

Underwriting and syndication

Underwriting and syndication fees are earned for the distribution of client equity or debt securities and the arrangement and

administration of a loan syndication. This includes commitment fees to provide loan financing. Underwriting fees are

generally recognised on trade date if there is no remaining contingency, such as the transaction being conditional on the

closing of an acquisition or another transaction. Underwriting costs are deferred and recognised in fee and commission

expense when the associated underwriting fees are recorded. Syndication fees are earned for arranging and administering a

loan syndication; however, the associated fee may be subject to variability until the loan has been syndicated to other

syndicate members or until other contingencies have been resolved and therefore the fee revenue is deferred until the

uncertainty is resolved.

Included in underwriting and syndication fees are loan commitment fees, when the drawdown is not probable. Such

commitment fees are recognised over time through to the contractual maturity of the commitment.

Contract assets and contract liabilities

The Barclays Bank Group had no material contract assets or contract liabilities as at 31 December 2025 (2024: £nil; 2023:

Impairment of fee receivables and contract assets

During 2025, there have been no material impairments recognised in relation to fees receivable and contract assets (2024:

£nil; 2023: £nil). Fees in relation to transactional business can be added to outstanding customer balances. These amounts

may be subsequently impaired as part of the overall loans and advances balance.

Remaining performance obligations

The Barclays Bank Group applies the practical expedient of IFRS 15 and does not disclose information about remaining

performance obligations that have original expected durations of one year or less or because the Barclays Bank Group has a

right to consideration that corresponds directly with the value of the service provided to the client or customer.

Costs incurred in obtaining or fulfilling a contract

The Barclays Bank Group expects that incremental costs of obtaining a contract such as success fee and commission fees

paid are recoverable and therefore capitalises such contract costs. Capitalised contract costs net of amortisation as at

31 December 2025 are £131m (2024: £103m; 2023: £203m).

Capitalised contract costs are amortised over the customer relationship period depending on the transfer of services to

which the asset pertains. In 2025, the amount of amortisation was £29m (2024: £58m; 2023: £52m) and there was no

impairment loss recognised in connection with the capitalised contract costs (2024: £nil; 2023: £nil).