Discontinued — last reported Q4 '25
Revenue
Management fees
Morgan Stanley Management fees increased by 5.4% to $6.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.0%, from $6.06B to $6.79B. Over 4 years (FY 2021 to FY 2025), Management fees shows an upward trend with a 5.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionRevenue
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025Feb 19, 2026
How to read this metric
An increase reflects growth in assets under management or higher fee structures, while a decrease suggests asset outflows or market-driven declines in AUM.
Detailed definition
Management fees represent recurring revenue earned by the firm for providing investment management and advisory services...
Peer comparison
Standard metric across asset managers and wealth management divisions of universal banks.
Metric ID:
management_feesHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.97B | $5.20B | $5.40B | $5.12B | $4.91B | $4.74B | $4.80B | $4.73B | $4.82B | $5.03B | $5.04B | $5.27B | $5.42B | $5.75B | $6.06B | $5.96B | $5.95B | $6.44B | $6.79B |
| QoQ Change | — | +4.6% | +3.7% | -5.1% | -4.0% | -3.4% | +1.2% | -1.6% | +1.9% | +4.4% | +0.2% | +4.5% | +2.9% | +6.0% | +5.4% | -1.6% | -0.2% | +8.2% | +5.4% |
| YoY Change | — | — | — | — | -1.2% | -8.8% | -11.0% | -7.6% | -1.9% | +6.0% | +5.0% | +11.4% | +12.6% | +14.2% | +20.2% | +13.2% | +9.8% | +12.1% | +12.0% |
Range$4.73B – $6.79B
CAGR+7.2%
Avg YoY Growth+5.7%
Median YoY Growth+9.8%
Current Streak2 quarters growth
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Wealth Management1 | $3.99B | $4.27B | $4.42B | $4.40B | $4.41B | $4.79B | — | $5.08B |
| Investment Management | $1.34B | $1.38B | $1.56B | $1.45B | $1.43B | $1.53B | — | $1.50B |
| Institutional Securities1 | $160.00M | $167.00M | $162.00M | $191.00M | $183.00M | $192.00M | $187.00M | $233.00M |
| Total | $5.42B | $5.75B | $6.06B | $5.96B | $5.95B | $6.44B | $6.79B | — |
Management fees at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's management fees?
- Morgan Stanley (MS) reported management fees of $6.79B in Q4 2025.
- How has Morgan Stanley's management fees changed year-over-year?
- Morgan Stanley's management fees increased by 12.0% year-over-year, from $6.06B to $6.79B.
- What is the long-term trend for Morgan Stanley's management fees?
- Over 4 years (2021 to 2025), Morgan Stanley's management fees has grown at a 5.9% compound annual growth rate (CAGR), from $19.97B to $25.15B.
- What does management fees mean?
- Recurring revenue earned for managing client assets and investment funds.