Wealth Management — Noninterest Expense
Business Segments · Noninterest ExpenseMorgan Stanley Wealth Management — Noninterest Expense increased by 1.3% to $5.81B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $5.39B to $5.81B. Over 4 years (FY 2021 to FY 2025), Wealth Management — Noninterest Expense shows an upward trend with a 5.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ4 2025
How to read this metric
A decrease in total expenses relative to revenue growth signals improved operational efficiency and higher profitability.
Detailed definition
This is the total of all operating expenses for the Wealth Management segment, including both compensation and non-compe...
Peer comparison
Standard metric across the financial services industry for total operating costs.
Metric ID:
ms_segment_wm_noninterest_expenseHistorical 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 | $4.46B | $4.41B | $4.83B | $4.35B | $4.20B | $4.46B | $4.76B | $4.80B | $4.92B | $4.65B | $5.24B | $5.08B | $4.95B | $5.20B | $5.39B | $5.33B | $5.54B | $5.74B | $5.81B |
| QoQ Change | — | -1.1% | +9.6% | -9.9% | -3.5% | +6.3% | +6.7% | +0.9% | +2.4% | -5.3% | +12.5% | -2.9% | -2.6% | +5.1% | +3.6% | -1.0% | +3.8% | +3.6% | +1.3% |
| YoY Change | — | — | — | — | -5.8% | +1.2% | -1.4% | +10.4% | +17.1% | +4.3% | +10.0% | +5.8% | +0.7% | +11.7% | +2.9% | +4.9% | +11.9% | +10.3% | +7.8% |
Range$4.20B – $5.81B
CAGR+6.1%
Avg YoY Growth+6.1%
Median YoY Growth+5.8%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Morgan Stanley's wealth management — noninterest expense?
- Morgan Stanley (MS) reported wealth management — noninterest expense of $5.81B in Q4 2025.
- How has Morgan Stanley's wealth management — noninterest expense changed year-over-year?
- Morgan Stanley's wealth management — noninterest expense increased by 7.8% year-over-year, from $5.39B to $5.81B.
- What is the long-term trend for Morgan Stanley's wealth management — noninterest expense?
- Over 4 years (2021 to 2025), Morgan Stanley's wealth management — noninterest expense has grown at a 5.6% compound annual growth rate (CAGR), from $18.05B to $22.41B.
- What does wealth management — noninterest expense mean?
- The total operating costs incurred to run the Wealth Management business.