Other
Net revenues
Morgan Stanley Net revenues increased by 15.0% to $20.58B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.0%, from $17.74B to $20.58B. Over 4 years (FY 2021 to FY 2025), Net revenues shows an upward trend with a 4.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementCash Flow Statement
SectionOther
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2015
Last reportedQ1 2026May 5, 2026
How to read this metric
Higher net revenues indicate strong market demand for the firm's services and effective management of funding costs.
Detailed definition
This is the total revenue generated by the firm after accounting for interest expenses incurred to fund operations. It s...
Peer comparison
Commonly reported as Net Revenue by global investment banks and diversified financial firms.
Metric ID:
other_revenues_net_of_interest_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 | $14.76B | $14.75B | $14.52B | $14.80B | $13.13B | $12.99B | $12.75B | $14.52B | $13.46B | $13.27B | $12.90B | $15.14B | $15.02B | $15.38B | $16.22B | $17.74B | $16.79B | $18.22B | $17.89B | $20.58B |
| QoQ Change | — | -0.0% | -1.6% | +1.9% | -11.3% | -1.1% | -1.8% | +13.9% | -7.3% | -1.4% | -2.8% | +17.4% | -0.8% | +2.4% | +5.5% | +9.3% | -5.3% | +8.5% | -1.8% | +15.0% |
| YoY Change | — | — | — | — | -11.0% | -12.0% | -12.2% | -1.9% | +2.5% | +2.2% | +1.2% | +4.3% | +11.6% | +15.9% | +25.8% | +17.2% | +11.8% | +18.5% | +10.3% | +16.0% |
Range$12.75B – $20.58B
CAGR+7.3%
Avg YoY Growth+6.3%
Median YoY Growth+7.3%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Institutional Securities1 | $6.98B | $6.82B | $7.27B | $8.98B | $7.64B | $8.52B | $7.93B | $10.72B |
| Wealth Management1 | $6.79B | $7.27B | $7.48B | $7.33B | $7.76B | $8.23B | — | $8.52B |
| Investment Management | $1.39B | $1.46B | $1.64B | $1.60B | $1.55B | $1.65B | — | $1.54B |
| Total | $15.02B | $15.38B | $16.22B | $17.74B | $16.79B | $18.22B | $17.89B | $20.58B |
Geographic Breakdown
Net revenues at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's net revenues?
- Morgan Stanley (MS) reported net revenues of $20.58B in Q1 2026.
- How has Morgan Stanley's net revenues changed year-over-year?
- Morgan Stanley's net revenues increased by 16.0% year-over-year, from $17.74B to $20.58B.
- What is the long-term trend for Morgan Stanley's net revenues?
- Over 4 years (2021 to 2025), Morgan Stanley's net revenues has grown at a 4.3% compound annual growth rate (CAGR), from $59.76B to $70.65B.
- What does net revenues mean?
- The total revenue of the firm after subtracting interest expenses.