Institutional Securities — Commissions and fees
Business Segments · Commissions and feesMorgan Stanley Institutional Securities — Commissions and fees increased by 3.4% to $823.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.9%, from $770.00M to $823.00M. Over 4 years (FY 2021 to FY 2025), Institutional Securities — Commissions and fees shows an upward trend with a 3.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher figures suggest robust client trading volumes and market engagement, while lower figures indicate reduced client activity.
Detailed definition
Revenue earned from executing client trades and providing brokerage services. This is a recurring, volume-driven revenue...
Peer comparison
Standard line item for brokerage and institutional trading services across the financial industry.
ms_segment_is_commissions_and_feesHistorical 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 | $682.00M | $664.00M | $662.00M | $774.00M | $688.00M | $648.00M | $646.00M | $714.00M | $605.00M | $606.00M | $615.00M | $691.00M | $684.00M | $760.00M | $770.00M | $869.00M | $814.00M | $796.00M | $823.00M |
| QoQ Change | — | -2.6% | -0.3% | +16.9% | -11.1% | -5.8% | -0.3% | +10.5% | -15.3% | +0.2% | +1.5% | +12.4% | -1.0% | +11.1% | +1.3% | +12.9% | -6.3% | -2.2% | +3.4% |
| YoY Change | — | — | — | — | +0.9% | -2.4% | -2.4% | -7.8% | -12.1% | -6.5% | -4.8% | -3.2% | +13.1% | +25.4% | +25.2% | +25.8% | +19.0% | +4.7% | +6.9% |
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities — commissions and fees?
- Morgan Stanley (MS) reported institutional securities — commissions and fees of $823.00M in Q4 2025.
- How has Morgan Stanley's institutional securities — commissions and fees changed year-over-year?
- Morgan Stanley's institutional securities — commissions and fees increased by 6.9% year-over-year, from $770.00M to $823.00M.
- What is the long-term trend for Morgan Stanley's institutional securities — commissions and fees?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities — commissions and fees has grown at a 3.5% compound annual growth rate (CAGR), from $2.88B to $3.30B.
- What does institutional securities — commissions and fees mean?
- Revenue from fees charged to clients for executing trades and brokerage services.