Investment Management — Trading
Business Segments · TradingMorgan Stanley Investment Management — Trading decreased by 33.3% to -$20.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 146.5%, from $43.00M to -$20.00M. Over 4 years (FY 2021 to FY 2025), Investment Management — Trading shows a downward trend with a 16.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
Positive values indicate successful market positioning; negative values suggest losses from market exposure or hedging.
Detailed definition
Gains or losses resulting from market-making, proprietary trading, or hedging activities conducted within the Investment...
Peer comparison
Standard for segments that maintain proprietary investment books or market-making desks.
Metric ID:
ms_segment_im_tradingHistorical 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 | -$22.00M | $1.00M | -$35.00M | -$9.00M | $15.00M | $32.00M | -$49.00M | -$16.00M | -$10.00M | $24.00M | -$57.00M | -$7.00M | -$3.00M | -$24.00M | $43.00M | -$7.00M | -$56.00M | -$15.00M | -$20.00M |
| QoQ Change | — | +104.5% | <-999% | +74.3% | +266.7% | +113.3% | -253.1% | +67.3% | +37.5% | +340.0% | -337.5% | +87.7% | +57.1% | -700.0% | +279.2% | -116.3% | -700.0% | +73.2% | -33.3% |
| YoY Change | — | — | — | — | +168.2% | >999% | -40.0% | -77.8% | -166.7% | -25.0% | -16.3% | +56.3% | +70.0% | -200.0% | +175.4% | +0.0% | <-999% | +37.5% | -146.5% |
Range-$57.00M – $43.00M
CAGR-2.1%
Avg YoY Growth+77.9%
Median YoY Growth-16.3%
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Frequently Asked Questions
- What is Morgan Stanley's investment management — trading?
- Morgan Stanley (MS) reported investment management — trading of -$20.00M in Q4 2025.
- How has Morgan Stanley's investment management — trading changed year-over-year?
- Morgan Stanley's investment management — trading decreased by 146.5% year-over-year, from $43.00M to -$20.00M.
- What is the long-term trend for Morgan Stanley's investment management — trading?
- Over 4 years (2021 to 2025), Morgan Stanley's investment management — trading has grown at a 16.6% compound annual growth rate (CAGR), from -$53.00M to -$98.00M.
- What does investment management — trading mean?
- Net gains or losses from trading activities within the investment management segment.