Wealth Management — Interest Income (Expense), Operating
Business Segments · Interest Income (Expense), OperatingMorgan Stanley Wealth Management — Interest Income (Expense), Operating increased by 5.9% to $2.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $1.89B to $2.11B. Over 4 years (FY 2021 to FY 2025), Wealth Management — Interest Income (Expense), Operating shows an upward trend with a 10.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved net interest margins or higher volumes of interest-earning assets, while a decrease signals margin compression.
Detailed definition
The net interest result for the wealth management segment, calculated as interest income minus interest expense. This me...
Peer comparison
Equivalent to Net Interest Income (NII) in banking segment reporting.
ms_segment_wm_interest_income_expense_operatingHistorical 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 | $1.26B | $1.35B | $1.41B | $1.54B | $1.75B | $2.00B | $2.14B | $2.16B | $2.16B | $1.95B | $1.85B | $1.86B | $1.80B | $1.77B | $1.89B | $1.90B | $1.91B | $1.99B | $2.11B |
| QoQ Change | — | +7.4% | +4.2% | +9.6% | +13.4% | +14.7% | +6.7% | +0.9% | -0.1% | -9.5% | -5.1% | +0.2% | -3.1% | -1.3% | +6.3% | +0.9% | +0.4% | +4.2% | +5.9% |
| YoY Change | — | — | — | — | +39.2% | +48.7% | +52.2% | +40.1% | +23.4% | -2.6% | -13.4% | -14.0% | -16.6% | -9.1% | +1.8% | +2.5% | +6.2% | +12.2% | +11.8% |
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Frequently Asked Questions
- What is Morgan Stanley's wealth management — interest income (expense), operating?
- Morgan Stanley (MS) reported wealth management — interest income (expense), operating of $2.11B in Q4 2025.
- How has Morgan Stanley's wealth management — interest income (expense), operating changed year-over-year?
- Morgan Stanley's wealth management — interest income (expense), operating increased by 11.8% year-over-year, from $1.89B to $2.11B.
- What is the long-term trend for Morgan Stanley's wealth management — interest income (expense), operating?
- Over 4 years (2021 to 2025), Morgan Stanley's wealth management — interest income (expense), operating has grown at a 10.1% compound annual growth rate (CAGR), from $5.39B to $7.91B.
- What does wealth management — interest income (expense), operating mean?
- Net interest revenue after accounting for the costs of funding.