Business Segments · Income before provision for income taxes
Wealth Management1 — Income before provision for income taxes
Morgan Stanley Wealth Management1 — Income before provision for income taxes decreased by 2.0% to $2.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 32.8%, from $1.95B to $2.59B. Over 4 years (FY 2021 to FY 2025), Wealth Management1 — Income before provision for income taxes shows an upward trend with a 10.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
Rolls up toPre-Tax Income
How to read this metric
Higher values indicate stronger operational performance and profitability for the segment.
Detailed definition
This represents the profit generated by the Wealth Management segment after all operating expenses are deducted but befo...
Peer comparison
Commonly referred to as 'Pre-tax Income' or 'Operating Profit' in segment reporting.
Metric ID:
ms_segment_wm_income_before_provision_for_income_taxesHistorical 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 | $1.64B | $1.53B | $1.42B | $1.57B | $1.52B | $1.65B | $1.84B | $1.71B | $1.68B | $1.71B | $1.43B | $1.81B | $1.82B | $2.06B | $2.05B | $1.95B | $2.20B | $2.50B | $2.64B | $2.59B |
| QoQ Change | — | -6.5% | -7.5% | +11.2% | -3.3% | +8.4% | +11.6% | -7.0% | -1.8% | +1.7% | -16.4% | +26.5% | +0.8% | +13.1% | -0.3% | -5.0% | +12.8% | +13.6% | +5.8% | -2.0% |
| YoY Change | — | — | — | — | -7.0% | +7.8% | +30.0% | +8.8% | +10.5% | +3.6% | -22.4% | +5.5% | +8.3% | +20.5% | +43.8% | +8.0% | +20.8% | +21.3% | +28.7% | +32.8% |
Range$1.42B – $2.64B
CAGR+10.2%
Avg YoY Growth+13.8%
Median YoY Growth+9.7%
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Frequently Asked Questions
- What is Morgan Stanley's wealth management1 — income before provision for income taxes?
- Morgan Stanley (MS) reported wealth management1 — income before provision for income taxes of $2.59B in Q1 2026.
- How has Morgan Stanley's wealth management1 — income before provision for income taxes changed year-over-year?
- Morgan Stanley's wealth management1 — income before provision for income taxes increased by 32.8% year-over-year, from $1.95B to $2.59B.
- What is the long-term trend for Morgan Stanley's wealth management1 — income before provision for income taxes?
- Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — income before provision for income taxes has grown at a 10.7% compound annual growth rate (CAGR), from $6.18B to $9.29B.
- What does wealth management1 — income before provision for income taxes mean?
- The profit earned by the segment before paying income taxes.