Investment Management — Compensation and benefits
Business Segments · Compensation and benefitsMorgan Stanley Investment Management — Compensation and benefits decreased by 10.1% to $568.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.2%, from $575.00M to $568.00M. Over 4 years (FY 2021 to FY 2025), Investment Management — Compensation and benefits shows relatively stable performance with a 1.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may signal rising talent costs or aggressive hiring, while a decrease may indicate cost-cutting or lower performance-based incentives.
Detailed definition
Includes all salary, bonus, and benefit-related expenses for personnel working within the Investment Management segment....
Peer comparison
Comparable to 'Personnel Expenses' or 'Compensation Expense' in asset management segments of peer firms.
ms_segment_im_compensation_and_benefitsHistorical Data
| 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 | $715.00M | $513.00M | $631.00M | $545.00M | $605.00M | $495.00M | $628.00M | $568.00M | $544.00M | $526.00M | $579.00M | $565.00M | $568.00M | $594.00M | $575.00M | $668.00M | $613.00M | $632.00M | $568.00M |
| QoQ Change | — | -28.3% | +23.0% | -13.6% | +11.0% | -18.2% | +26.9% | -9.6% | -4.2% | -3.3% | +10.1% | -2.4% | +0.5% | +4.6% | -3.2% | +16.2% | -8.2% | +3.1% | -10.1% |
| YoY Change | — | — | — | — | -15.4% | -3.5% | -0.5% | +4.2% | -10.1% | +6.3% | -7.8% | -0.5% | +4.4% | +12.9% | -0.7% | +18.2% | +7.9% | +6.4% | -1.2% |
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Frequently Asked Questions
- What is Morgan Stanley's investment management — compensation and benefits?
- Morgan Stanley (MS) reported investment management — compensation and benefits of $568.00M in Q4 2025.
- How has Morgan Stanley's investment management — compensation and benefits changed year-over-year?
- Morgan Stanley's investment management — compensation and benefits decreased by 1.2% year-over-year, from $575.00M to $568.00M.
- What is the long-term trend for Morgan Stanley's investment management — compensation and benefits?
- Over 4 years (2021 to 2025), Morgan Stanley's investment management — compensation and benefits has grown at a 1.1% compound annual growth rate (CAGR), from $2.37B to $2.48B.
- What does investment management — compensation and benefits mean?
- The total cost of salaries, bonuses, and benefits for employees in the Investment Management segment.