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Morgan Stanley MS Asset Management — Other

Other segment segments

Institutional Securities1
$182M-71.2%
Wealth Management1
$174M+13.0%
Investment Management
$3M
Global Wealth Management Group
$2M+167%
Institutional Securities
$0+100%

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$30M+20.0%
Equitable Holdings logo
EQHAsset Management — Other segment items
$207M+11.9%
Rithm Capital logo
RITMAsset management — Other assets
$1.41B+44.5%
Apollo Global Management logo
APOAsset Management — Other investments
$12M-96.6%

Other financials

Income statement

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Revenue$21.3B+27.1%
Net income$3.2B-9.8%
EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$383.16B+13.5%
Total equity$114.29B+7.0%
Total assets$1.68T+23.7%

Cash flow

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Operating cash flow-$7.1B+70.4%
CapEx$754.0M+5.8%
Free cash flow-$7.9B+68.2%

Valuation

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Market cap$343.28B+51.0%
P/E19.3×+3.9×
P/S4.4×+1.0×

Profitability

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Net margin22.8%+0.5pp
FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp
Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept ms:FiniteLivedIntangibleAssetsOtherIncreaseDecreaseDuringThePeriod.

The official record: Morgan Stanley’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's asset management — other?
Morgan Stanley (MS) reported asset management — other of $2M in Q4 2025.
How has Morgan Stanley's asset management — other changed year-over-year?
Morgan Stanley's asset management — other increased by 500.0% year-over-year, from -$500K to $2M.
What is the long-term trend for Morgan Stanley's asset management — other?
Over 4 years (2021 to 2025), Morgan Stanley's asset management — other has grown at a 68.2% compound annual growth rate (CAGR), from -$1M to $8M.
What does asset management — other mean?
A catch-all category for miscellaneous adjustments, reclassifications, or minor items affecting the Investment Management segment's financial reporting that do not fit into primary categories. It ensures the reconciliation of segment-level financial statements.