Institutional Securities — Noninterest Income
Business Segments · Noninterest IncomeMorgan Stanley Institutional Securities — Noninterest Income decreased by 10.4% to $7.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.9%, from $6.59B to $7.18B. Over 4 years (FY 2021 to FY 2025), Institutional Securities — Noninterest Income shows an upward trend with a 3.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher noninterest income indicates a strong, diversified fee-based business model that is less dependent on interest rate fluctuations.
Detailed definition
Total revenue generated from non-interest sources, including investment banking, trading, commissions, and asset managem...
Peer comparison
A standard industry metric for evaluating the non-lending revenue of a financial institution.
ms_segment_is_noninterest_incomeHistorical 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 | $6.48B | $6.78B | $5.99B | $6.98B | $5.57B | $5.30B | $4.59B | $6.57B | $5.77B | $5.62B | $4.88B | $7.05B | $6.68B | $6.38B | $6.59B | $8.51B | $7.18B | $8.01B | $7.18B |
| QoQ Change | — | +4.6% | -11.7% | +16.5% | -20.1% | -5.0% | -13.3% | +43.2% | -12.2% | -2.7% | -13.2% | +44.6% | -5.2% | -4.6% | +3.4% | +29.2% | -15.7% | +11.5% | -10.4% |
| YoY Change | — | — | — | — | -14.0% | -21.9% | -23.3% | -5.8% | +3.6% | +6.1% | +6.2% | +7.3% | +15.8% | +13.5% | +35.2% | +20.7% | +7.4% | +25.6% | +8.9% |
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities — noninterest income?
- Morgan Stanley (MS) reported institutional securities — noninterest income of $7.18B in Q4 2025.
- How has Morgan Stanley's institutional securities — noninterest income changed year-over-year?
- Morgan Stanley's institutional securities — noninterest income increased by 8.9% year-over-year, from $6.59B to $7.18B.
- What is the long-term trend for Morgan Stanley's institutional securities — noninterest income?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities — noninterest income has grown at a 3.2% compound annual growth rate (CAGR), from $27.19B to $30.88B.
- What does institutional securities — noninterest income mean?
- Total revenue earned from fees and services rather than interest-bearing assets.