Total noninterest expense
Operating ExpensesMorgan Stanley Total noninterest expense increased by 1.9% to $12.20B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $11.08B to $12.20B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
A lower ratio relative to revenue indicates higher operational efficiency and better cost management.
Detailed definition
This metric aggregates all operating costs incurred by the bank excluding interest expense, such as personnel, technolog...
Peer comparison
Standardized across all major financial institutions as a key component of the efficiency ratio.
Metric ID:
is_total_noninterest_expenseHistorical Data
8 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q2 '24 | Q3 '24 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|
| Value | $10.45B | $10.45B | $10.45B | $10.45B | $10.87B | $11.08B | $11.97B | $12.20B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.0% | +2.0% | +8.0% | +1.9% |
| YoY Change | — | — | — | — | +4.0% | +6.1% | +10.2% | +10.0% |
Range$10.45B – $12.20B
CAGR+9.2%
Avg YoY Growth+7.6%
Median YoY Growth+8.1%
Current Streak7+ quarters growth
Total noninterest expense at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's total noninterest expense?
- Morgan Stanley (MS) reported total noninterest expense of $12.20B in Q3 2025.
- How has Morgan Stanley's total noninterest expense changed year-over-year?
- Morgan Stanley's total noninterest expense increased by 10.0% year-over-year, from $11.08B to $12.20B.
- What does total noninterest expense mean?
- The total cost of running the business excluding interest payments.