Investment Management — Noninterest Income
Business Segments · Noninterest IncomeMorgan Stanley Investment Management — Noninterest Income increased by 3.7% to $1.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.6%, from $1.66B to $1.74B. Over 4 years (FY 2021 to FY 2025), Investment Management — Noninterest Income shows relatively stable performance with a 1.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2025
Rolls up toTotal noninterest income
How to read this metric
Higher values indicate strong core business performance and market-driven revenue generation.
Detailed definition
The sum of all revenue generated by the segment excluding interest income, including management fees, trading gains, and...
Peer comparison
Standard metric for evaluating the fee-based revenue base of financial segments.
Metric ID:
ms_segment_im_noninterest_incomeHistorical Data
19 periods
| 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 | $1.46B | $1.75B | $1.34B | $1.42B | $1.19B | $1.49B | $1.33B | $1.31B | $1.37B | $1.49B | $1.41B | $1.42B | $1.49B | $1.66B | $1.63B | $1.59B | $1.68B | $1.74B |
| QoQ Change | — | -14.6% | +20.4% | -23.5% | +6.1% | -16.6% | +25.4% | -10.8% | -1.1% | +4.2% | +9.0% | -5.4% | +0.8% | +4.5% | +12.0% | -2.0% | -2.5% | +5.6% | +3.7% |
| YoY Change | — | — | — | — | -16.5% | -18.5% | -15.1% | -1.0% | -7.7% | +15.2% | +0.2% | +6.3% | +8.3% | +8.6% | +11.6% | +15.6% | +11.8% | +13.0% | +4.6% |
Range$1.19B – $1.75B
CAGR+0.5%
Avg YoY Growth+2.4%
Median YoY Growth+6.3%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Morgan Stanley's investment management — noninterest income?
- Morgan Stanley (MS) reported investment management — noninterest income of $1.74B in Q4 2025.
- How has Morgan Stanley's investment management — noninterest income changed year-over-year?
- Morgan Stanley's investment management — noninterest income increased by 4.6% year-over-year, from $1.66B to $1.74B.
- What is the long-term trend for Morgan Stanley's investment management — noninterest income?
- Over 4 years (2021 to 2025), Morgan Stanley's investment management — noninterest income has grown at a 1.6% compound annual growth rate (CAGR), from $6.23B to $6.64B.
- What does investment management — noninterest income mean?
- Total revenue from non-interest sources like fees and trading.