Investment Management — Net revenues
Business Segments · Net revenuesMorgan Stanley Investment Management — Net revenues increased by 4.2% to $1.72B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.7%, from $1.64B to $1.72B. Over 4 years (FY 2021 to FY 2025), Investment Management — Net revenues shows relatively stable performance with a 1.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in assets under management or improved fee structures, while a decrease suggests market outflows or reduced performance fees.
Detailed definition
Represents the total revenue generated by the Investment Management segment after deducting interest expenses. It reflec...
Peer comparison
Comparable to 'Net Revenue' or 'Total Operating Income' in asset management divisions of global banks.
ms_segment_im_net_revenuesHistorical 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 | $1.70B | $1.45B | $1.75B | $1.34B | $1.41B | $1.17B | $1.46B | $1.29B | $1.28B | $1.34B | $1.46B | $1.38B | $1.39B | $1.46B | $1.64B | $1.60B | $1.55B | $1.65B | $1.72B |
| QoQ Change | — | -14.6% | +20.5% | -23.8% | +5.7% | -17.2% | +25.1% | -11.8% | -0.6% | +4.3% | +9.6% | -5.9% | +0.7% | +5.0% | +12.9% | -2.5% | -3.1% | +6.4% | +4.2% |
| YoY Change | — | — | — | — | -17.1% | -19.6% | -16.6% | -3.4% | -9.2% | +14.4% | +0.2% | +6.8% | +8.2% | +8.9% | +12.2% | +16.3% | +12.0% | +13.5% | +4.7% |
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Frequently Asked Questions
- What is Morgan Stanley's investment management — net revenues?
- Morgan Stanley (MS) reported investment management — net revenues of $1.72B in Q4 2025.
- How has Morgan Stanley's investment management — net revenues changed year-over-year?
- Morgan Stanley's investment management — net revenues increased by 4.7% year-over-year, from $1.64B to $1.72B.
- What is the long-term trend for Morgan Stanley's investment management — net revenues?
- Over 4 years (2021 to 2025), Morgan Stanley's investment management — net revenues has grown at a 1.2% compound annual growth rate (CAGR), from $6.22B to $6.53B.
- What does investment management — net revenues mean?
- The total income earned by the Investment Management segment after interest costs.