Wealth Management — Commissions and fees
Business Segments · Commissions and feesMorgan Stanley Wealth Management — Commissions and fees increased by 7.6% to $824.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.4%, from $708.00M to $824.00M. Over 4 years (FY 2021 to FY 2025), Wealth Management — Commissions and fees shows relatively stable performance with a -0.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher values indicate strong client engagement and transaction activity, whereas lower values suggest reduced client trading or competitive pricing pressure.
Detailed definition
Represents transactional revenue earned from commissions on trades and various service fees charged to wealth management...
Peer comparison
Standard brokerage and commission revenue found in most wealth management and retail banking firms.
ms_segment_wm_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 | $714.00M | $704.00M | $750.00M | $723.00M | $603.00M | $543.00M | $598.00M | $590.00M | $552.00M | $562.00M | $575.00M | $605.00M | $556.00M | $609.00M | $708.00M | $695.00M | $688.00M | $766.00M | $824.00M |
| QoQ Change | — | -1.4% | +6.5% | -3.6% | -16.6% | -10.0% | +10.1% | -1.3% | -6.4% | +1.8% | +2.3% | +5.2% | -8.1% | +9.5% | +16.3% | -1.8% | -1.0% | +11.3% | +7.6% |
| YoY Change | — | — | — | — | -15.5% | -22.9% | -20.3% | -18.4% | -8.5% | +3.5% | -3.8% | +2.5% | +0.7% | +8.4% | +23.1% | +14.9% | +23.7% | +25.8% | +16.4% |
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Frequently Asked Questions
- What is Morgan Stanley's wealth management — commissions and fees?
- Morgan Stanley (MS) reported wealth management — commissions and fees of $824.00M in Q4 2025.
- How has Morgan Stanley's wealth management — commissions and fees changed year-over-year?
- Morgan Stanley's wealth management — commissions and fees increased by 16.4% year-over-year, from $708.00M to $824.00M.
- What is the long-term trend for Morgan Stanley's wealth management — commissions and fees?
- Over 4 years (2021 to 2025), Morgan Stanley's wealth management — commissions and fees has grown at a -0.4% compound annual growth rate (CAGR), from $3.02B to $2.97B.
- What does wealth management — commissions and fees mean?
- Revenue earned from client transaction commissions and service-related fees.