A stacking apparatus for value documents, having a stack deposit device and a braking device which is arranged along the transport path of the value documents immediately before the stack deposit device. On the transport shaft of the braking device at least one driving roller is firmly mounted and at least one roller rotatably supported on the transport shaft. At least one cam roller is firmly mounted on a braking shaft of the braking device and at least one eccentric roller. By a rotation of the braking shaft, the eccentric roller can electively be brought in engagement with the opposing driving roller so that a value document becomes clamped between these, or be brought out of engagement with the opposing driving roller, so that the value document is no longer clamped between these, but rather is brakable by the engagement between the cam roller and the rotatably supported roller.