Institutional Securities1 — Net revenues
Morgan Stanley Institutional Securities1 — Net revenues increased by 35.2% to $10.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.3%, from $8.98B to $10.72B. Over 4 years (FY 2021 to FY 2025), Institutional Securities1 — Net revenues shows an upward trend with a 2.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates stronger market activity, higher client engagement, or improved trading performance, while a decrease suggests market headwinds or reduced institutional client activity.
Detailed definition
Represents the total revenue generated by the Institutional Securities segment after deducting interest expense from int...
Peer comparison
Comparable to net revenue metrics in the investment banking divisions of global peer banks like Goldman Sachs or JPMorgan.
ms_segment_is_net_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.09B | $7.50B | $6.67B | $7.66B | $6.12B | $5.82B | $4.80B | $6.80B | $5.65B | $5.67B | $4.94B | $7.02B | $6.98B | $6.82B | $7.27B | $8.98B | $7.64B | $8.52B | $7.93B | $10.72B |
| QoQ Change | — | +5.7% | -11.0% | +14.8% | -20.1% | -4.9% | -17.5% | +41.6% | -16.8% | +0.3% | -12.9% | +42.0% | -0.5% | -2.4% | +6.6% | +23.6% | -14.9% | +11.5% | -6.9% | +35.2% |
| YoY Change | — | — | — | — | -13.7% | -22.4% | -28.0% | -11.2% | -7.6% | -2.5% | +2.9% | +3.2% | +23.5% | +20.2% | +47.1% | +28.0% | +9.5% | +25.1% | +9.1% | +19.3% |
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities1 — net revenues?
- Morgan Stanley (MS) reported institutional securities1 — net revenues of $10.72B in Q1 2026.
- How has Morgan Stanley's institutional securities1 — net revenues changed year-over-year?
- Morgan Stanley's institutional securities1 — net revenues increased by 19.3% year-over-year, from $8.98B to $10.72B.
- What is the long-term trend for Morgan Stanley's institutional securities1 — net revenues?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities1 — net revenues has grown at a 2.6% compound annual growth rate (CAGR), from $29.83B to $33.08B.
- What does institutional securities1 — net revenues mean?
- The total income generated by the Institutional Securities business after accounting for interest costs.