Morgan Stanley Asia — Net revenues decreased by 18.0% to $2.15B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.8%, from $2.01B to $2.15B. Over 4 years (FY 2021 to FY 2025), Asia — Net revenues shows an upward trend with a 6.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates successful expansion of market share or improved client engagement in the region, while a decrease may signal regional economic headwinds or increased competitive pressure.
This metric represents the total revenue generated by the firm's operations within the Asia-Pacific geographic region af...
Peers typically report this as regional net revenue, allowing for comparison of geographic diversification and exposure to emerging market growth cycles.
ms_segment_asia_net_revenues| 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 | $1.78B | $1.75B | $1.56B | $2.03B | $1.79B | $1.50B | $1.42B | $1.99B | $1.56B | $1.53B | $1.36B | $1.74B | $1.88B | $2.00B | $2.01B | $2.35B | $2.30B | $2.62B | $2.15B |
| QoQ Change | — | -2.0% | -10.9% | +30.3% | -11.5% | -16.3% | -5.2% | +39.9% | -21.4% | -2.4% | -11.1% | +28.5% | +7.9% | +6.3% | +0.8% | +16.4% | -1.8% | +13.9% | -18.0% |
| YoY Change | — | — | — | — | +0.6% | -14.1% | -8.6% | -1.8% | -12.8% | +1.7% | -4.6% | -12.4% | +20.3% | +30.9% | +48.5% | +34.5% | +22.5% | +31.2% | +6.8% |
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