Morgan Stanley Wealth Management — Compensation and benefits increased by 0.6% to $4.42B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $3.95B to $4.42B. Over 4 years (FY 2021 to FY 2025), Wealth Management — Compensation and benefits shows an upward trend with a 6.7% CAGR.
An increase often correlates with higher revenue production or headcount growth, but may compress margins if not offset by revenue gains.
This includes all salaries, bonuses, stock-based compensation, and benefits paid to employees within the Wealth Manageme...
Commonly reported as 'Personnel Expense' or 'Compensation and Benefits' across all financial institutions.
ms_segment_wm_compensation_and_benefits| 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 | $3.28B | $3.16B | $3.49B | $3.13B | $2.90B | $3.17B | $3.34B | $3.48B | $3.50B | $3.35B | $3.64B | $3.79B | $3.60B | $3.87B | $3.95B | $4.00B | $4.15B | $4.39B | $4.42B |
| QoQ Change | — | -3.5% | +10.4% | -10.4% | -7.4% | +9.5% | +5.4% | +4.0% | +0.7% | -4.3% | +8.6% | +4.1% | -4.9% | +7.4% | +2.1% | +1.2% | +3.7% | +5.8% | +0.6% |
| YoY Change | — | — | — | — | -11.6% | +0.4% | -4.1% | +11.3% | +21.0% | +5.7% | +8.9% | +8.9% | +2.8% | +15.4% | +8.5% | +5.6% | +15.2% | +13.4% | +11.8% |
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