Institutional Securities — Total
Business Segments · TotalMorgan Stanley Institutional Securities — Total increased by 4.5% to $969.55B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.7%, from $796.61B to $969.55B. Over 4 years (FY 2021 to FY 2025), Institutional Securities — Total shows an upward trend with a 4.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong client demand for capital markets services and effective market positioning, while a decrease may signal market volatility, reduced deal flow, or competitive pressures in institutional services.
Detailed definition
This metric represents the aggregate financial performance of the Institutional Securities segment, which encompasses th...
Peer comparison
Comparable to Institutional Client Group or Global Banking and Markets segments at major global investment banks, where revenue is driven by trading volumes and advisory fees.
ms_segment_is_totalHistorical 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 | $782.26B | $808.25B | $792.14B | $826.24B | $790.86B | $786.38B | $789.84B | $819.20B | $784.79B | $790.18B | $810.51B | $832.69B | $824.97B | $852.04B | $796.61B | $883.72B | $931.16B | $928.13B | $969.55B |
| QoQ Change | — | +3.3% | -2.0% | +4.3% | -4.3% | -0.6% | +0.4% | +3.7% | -4.2% | +0.7% | +2.6% | +2.7% | -0.9% | +3.3% | -6.5% | +10.9% | +5.4% | -0.3% | +4.5% |
| YoY Change | — | — | — | — | +1.1% | -2.7% | -0.3% | -0.9% | -0.8% | +0.5% | +2.6% | +1.6% | +5.1% | +7.8% | -1.7% | +6.1% | +12.9% | +8.9% | +21.7% |
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities — total?
- Morgan Stanley (MS) reported institutional securities — total of $969.55B in Q4 2025.
- How has Morgan Stanley's institutional securities — total changed year-over-year?
- Morgan Stanley's institutional securities — total increased by 21.7% year-over-year, from $796.61B to $969.55B.
- What is the long-term trend for Morgan Stanley's institutional securities — total?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities — total has grown at a 4.1% compound annual growth rate (CAGR), from $3.16T to $3.71T.
- What does institutional securities — total mean?
- The total financial performance and revenue generation of the firm's institutional investment banking and trading business unit.