Morgan Stanley Institutional Securities1 — Trading increased by 84.5% to $6.60B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 29.0%, from $5.11B to $6.60B. Over 4 years (FY 2021 to FY 2025), Institutional Securities1 — Trading shows an upward trend with a 9.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Higher revenue indicates strong client flow and effective risk management, whereas lower revenue may signal reduced market volatility or decreased client activity.
Revenue derived from market-making and principal trading activities across fixed income, equities, and commodities. It r...
Commonly reported as Sales and Trading revenue by global investment banks.
ms_segment_is_trading| 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 | $3.08B | $2.90B | $2.31B | $4.21B | $3.98B | $3.33B | $2.81B | $4.26B | $3.59B | $3.66B | $2.96B | $4.58B | $4.05B | $3.71B | $3.63B | $5.11B | $4.35B | $4.68B | $3.58B | $6.60B |
| QoQ Change | — | -5.9% | -20.4% | +82.4% | -5.4% | -16.2% | -15.7% | +51.7% | -15.6% | +1.8% | -19.2% | +55.0% | -11.7% | -8.4% | -2.1% | +40.9% | -14.9% | +7.6% | -23.6% | +84.5% |
| YoY Change | — | — | — | — | +29.2% | +14.9% | +21.8% | +1.2% | -9.6% | +9.9% | +5.3% | +7.7% | +12.6% | +1.3% | +22.7% | +11.6% | +7.5% | +26.2% | -1.4% | +29.0% |