Investment Management — Income before provision for income taxes
Business Segments · Income before provision for income taxesMorgan Stanley Investment Management — Income before provision for income taxes increased by 28.6% to $468.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.0%, from $414.00M to $468.00M. Over 4 years (FY 2021 to FY 2025), Investment Management — Income before provision for income taxes shows a downward trend with a -3.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase reflects stronger operational performance and effective cost management, while a decrease indicates margin compression or revenue decline.
Detailed definition
The profit generated by the Investment Management segment after all operating expenses are deducted but before accountin...
Peer comparison
Comparable to 'Pre-Tax Income' or 'Operating Profit' in segment disclosures of peer firms.
ms_segment_im_income_before_provision_for_income_taxesHistorical 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 | $430.00M | $370.00M | $508.00M | $228.00M | $249.00M | $116.00M | $214.00M | $166.00M | $170.00M | $241.00M | $265.00M | $241.00M | $222.00M | $260.00M | $414.00M | $323.00M | $323.00M | $364.00M | $468.00M |
| QoQ Change | — | -14.0% | +37.3% | -55.1% | +9.2% | -53.4% | +84.5% | -22.4% | +2.4% | +41.8% | +10.0% | -9.1% | -7.9% | +17.1% | +59.2% | -22.0% | +0.0% | +12.7% | +28.6% |
| YoY Change | — | — | — | — | -42.1% | -68.6% | -57.9% | -27.2% | -31.7% | +107.8% | +23.8% | +45.2% | +30.6% | +7.9% | +56.2% | +34.0% | +45.5% | +40.0% | +13.0% |
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Frequently Asked Questions
- What is Morgan Stanley's investment management — income before provision for income taxes?
- Morgan Stanley (MS) reported investment management — income before provision for income taxes of $468.00M in Q4 2025.
- How has Morgan Stanley's investment management — income before provision for income taxes changed year-over-year?
- Morgan Stanley's investment management — income before provision for income taxes increased by 13.0% year-over-year, from $414.00M to $468.00M.
- What is the long-term trend for Morgan Stanley's investment management — income before provision for income taxes?
- Over 4 years (2021 to 2025), Morgan Stanley's investment management — income before provision for income taxes has grown at a -3.1% compound annual growth rate (CAGR), from $1.68B to $1.48B.
- What does investment management — income before provision for income taxes mean?
- The segment's profit before paying income taxes.