Business Segments · Noninterest Expense
Institutional Securities1 — Noninterest Expense
Morgan Stanley Institutional Securities1 — Noninterest Expense increased by 23.8% to $6.47B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.3%, from $5.61B to $6.47B. Over 4 years (FY 2021 to FY 2025), Institutional Securities1 — Noninterest Expense shows an upward trend with a 4.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ1 2026
How to read this metric
An increase indicates rising operational costs, while a decrease suggests improved cost management or reduced business activity.
Detailed definition
The sum of all operating expenses for the Institutional Securities segment, including both compensation and non-compensa...
Peer comparison
Standard operating expense metric across all banking segments.
Metric ID:
ms_segment_is_noninterest_expenseHistorical Data
20 periods
| 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 | $4.52B | $4.50B | $3.71B | $4.83B | $4.48B | $4.17B | $3.99B | $4.72B | $4.58B | $4.38B | $4.51B | $4.66B | $4.88B | $4.84B | $4.75B | $5.61B | $5.36B | $5.34B | $5.23B | $6.47B |
| QoQ Change | — | -0.6% | -17.6% | +30.3% | -7.1% | -7.0% | -4.2% | +18.2% | -2.9% | -4.4% | +3.0% | +3.4% | +4.7% | -0.9% | -1.8% | +18.2% | -4.4% | -0.4% | -2.1% | +23.8% |
| YoY Change | — | — | — | — | -0.9% | -7.4% | +7.7% | -2.3% | +2.2% | +5.0% | +13.0% | -1.1% | +6.6% | +10.5% | +5.3% | +20.3% | +9.9% | +10.4% | +10.1% | +15.3% |
Range$3.71B – $6.47B
CAGR+7.8%
Avg YoY Growth+6.5%
Median YoY Growth+7.2%
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities1 — noninterest expense?
- Morgan Stanley (MS) reported institutional securities1 — noninterest expense of $6.47B in Q1 2026.
- How has Morgan Stanley's institutional securities1 — noninterest expense changed year-over-year?
- Morgan Stanley's institutional securities1 — noninterest expense increased by 15.3% year-over-year, from $5.61B to $6.47B.
- What is the long-term trend for Morgan Stanley's institutional securities1 — noninterest expense?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities1 — noninterest expense has grown at a 4.6% compound annual growth rate (CAGR), from $18.03B to $21.54B.
- What does institutional securities1 — noninterest expense mean?
- The total operating costs incurred by the Institutional Securities segment.