Morgan Stanley EMEA — Net revenues increased by 0.9% to $1.96B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 17.0%, from $1.67B to $1.96B. Over 4 years (FY 2021 to FY 2025), EMEA — Net revenues shows relatively stable performance with a 2.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates growing market share or heightened client activity in the region, while a decrease suggests regional economic headwinds or reduced competitive positioning.
This metric represents the total revenue generated by the firm's operations within the Europe, Middle East, and Africa r...
Comparable to regional revenue reporting by other global investment banks, though variations exist based on how firms define and allocate geographic boundaries.
ms_segment_emea_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 | $2.09B | $1.75B | $1.70B | $2.31B | $1.68B | $1.39B | $1.43B | $1.74B | $1.50B | $1.48B | $1.34B | $1.83B | $1.87B | $1.83B | $1.67B | $2.29B | $2.14B | $1.94B | $1.96B |
| QoQ Change | — | -16.3% | -3.3% | +36.3% | -27.4% | -17.0% | +2.7% | +21.5% | -13.6% | -1.4% | -9.3% | +36.1% | +2.5% | -2.3% | -8.5% | +37.0% | -6.5% | -9.5% | +0.9% |
| YoY Change | — | — | — | — | -19.8% | -20.5% | -15.6% | -24.8% | -10.6% | +6.3% | -6.2% | +5.1% | +24.7% | +23.6% | +24.6% | +25.5% | +14.5% | +6.1% | +17.0% |
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