What is Morgan Stanley's asset management — goodwill?

Morgan Stanley (MS) reported asset management — goodwill of $6.09B in Q4 2025.

How has Morgan Stanley's asset management — goodwill changed year-over-year?

Morgan Stanley's asset management — goodwill increased by 0.1% year-over-year, from $6.08B to $6.09B.

What does asset management — goodwill mean?

The value of intangible assets like brand and reputation acquired through business purchases in the Investment Management segment.

Asset Management — Goodwill

Business Segments · Goodwill

Morgan Stanley Asset Management — Goodwill increased by 0.1% to $6.09B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.1%, from $6.08B to $6.09B.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2013

Last reportedQ4 2025

Rolls up toGoodwill

How to read this metric

An increase suggests recent acquisitions, while a decrease may indicate impairment charges or divestitures.

Detailed definition

Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinat...

Peer comparison

Standard line item for asset management firms that grow through M&A; peers often report this as 'Goodwill' under segment assets.

Metric ID: ms_segment_im_goodwill

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$6.03B	$6.02B	$6.08B	$6.08B	$6.09B
QoQ Change	—	-0.2%	+1.0%	-0.0%	+0.1%
YoY Change	—	-0.2%	+1.0%	-0.0%	+0.1%

Range$6.02B – $6.09B

CAGR+0.9%

Avg YoY Growth+0.2%

Median YoY Growth+0.0%

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Frequently Asked Questions

What is Morgan Stanley's asset management — goodwill?: Morgan Stanley (MS) reported asset management — goodwill of $6.09B in Q4 2025.
How has Morgan Stanley's asset management — goodwill changed year-over-year?: Morgan Stanley's asset management — goodwill increased by 0.1% year-over-year, from $6.08B to $6.09B.
What does asset management — goodwill mean?: The value of intangible assets like brand and reputation acquired through business purchases in the Investment Management segment.