Wealth Management — Net revenues
Business Segments · Net revenuesMorgan Stanley Wealth Management — Net revenues increased by 2.4% to $8.43B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.7%, from $7.48B to $8.43B. Over 4 years (FY 2021 to FY 2025), Wealth Management — Net revenues shows an upward trend with a 7.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025
Rolls up toTotal Revenue
How to read this metric
Growth indicates a healthy and expanding wealth management business, while a decline suggests market challenges or loss of market share.
Detailed definition
The total revenue generated by the wealth management segment after accounting for interest expense. It is the primary me...
Peer comparison
Standard net revenue metric used to compare the scale of business segments across financial institutions.
Metric ID:
ms_segment_wm_net_revenuesHistorical Data
19 periods
| 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 | $6.10B | $5.94B | $6.25B | $5.94B | $5.74B | $6.12B | $6.63B | $6.56B | $6.66B | $6.40B | $6.65B | $6.88B | $6.79B | $7.27B | $7.48B | $7.33B | $7.76B | $8.23B | $8.43B |
| QoQ Change | — | -2.6% | +5.4% | -5.1% | -3.4% | +6.7% | +8.3% | -1.0% | +1.5% | -3.8% | +3.8% | +3.5% | -1.3% | +7.0% | +2.9% | -2.0% | +6.0% | +6.1% | +2.4% |
| YoY Change | — | — | — | — | -5.9% | +3.1% | +5.9% | +10.5% | +16.1% | +4.6% | +0.3% | +4.9% | +2.0% | +13.5% | +12.5% | +6.5% | +14.3% | +13.3% | +12.7% |
Range$5.74B – $8.43B
CAGR+7.5%
Avg YoY Growth+7.6%
Median YoY Growth+6.5%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Morgan Stanley's wealth management — net revenues?
- Morgan Stanley (MS) reported wealth management — net revenues of $8.43B in Q4 2025.
- How has Morgan Stanley's wealth management — net revenues changed year-over-year?
- Morgan Stanley's wealth management — net revenues increased by 12.7% year-over-year, from $7.48B to $8.43B.
- What is the long-term trend for Morgan Stanley's wealth management — net revenues?
- Over 4 years (2021 to 2025), Morgan Stanley's wealth management — net revenues has grown at a 7.0% compound annual growth rate (CAGR), from $24.24B to $31.75B.
- What does wealth management — net revenues mean?
- Total revenue for the wealth management segment after interest expenses.