Other
Noninterest Expense
Morgan Stanley Noninterest Expense increased by 11.2% to $13.47B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.7%, from $12.06B to $13.47B. Over 4 years (FY 2021 to FY 2025), Noninterest Expense shows an upward trend with a 4.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase relative to revenue indicates declining operational efficiency, whereas a decrease suggests successful cost management or improved economies of scale.
Detailed definition
This metric aggregates all operating costs that are not related to interest-bearing liabilities, providing a comprehensi...
Peer comparison
Standardized across the banking industry as a primary measure of non-interest operating costs.
Metric ID:
other_noninterest_expenseHistorical Data
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.12B | $9.86B | $9.64B | $10.16B | $9.71B | $9.56B | $9.87B | $10.52B | $10.48B | $9.99B | $10.80B | $10.75B | $10.87B | $11.08B | $11.20B | $12.06B | $11.97B | $12.20B | $12.11B | $13.47B |
| QoQ Change | — | -2.6% | -2.2% | +5.4% | -4.4% | -1.5% | +3.2% | +6.6% | -0.4% | -4.7% | +8.0% | -0.5% | +1.1% | +2.0% | +1.1% | +7.7% | -0.7% | +1.9% | -0.7% | +11.2% |
| YoY Change | — | — | — | — | -4.0% | -3.0% | +2.4% | +3.6% | +7.9% | +4.5% | +9.4% | +2.1% | +3.7% | +10.9% | +3.8% | +12.2% | +10.2% | +10.0% | +8.1% | +11.7% |
Range$9.56B – $13.47B
CAGR+6.2%
Avg YoY Growth+5.9%
Median YoY Growth+6.2%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Institutional Securities1 | $4.88B | $4.84B | $4.75B | $5.61B | $5.36B | $5.34B | $5.23B | $6.47B |
| Wealth Management1 | $4.95B | $5.20B | — | $5.33B | $5.54B | $5.74B | — | $5.92B |
| Investment Management | $1.16B | $1.20B | — | $1.28B | $1.23B | $1.29B | — | $1.26B |
| Total | $10.87B | $11.08B | $11.20B | $12.06B | $11.97B | $12.20B | $12.11B | $13.47B |
Noninterest Expense at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's noninterest expense?
- Morgan Stanley (MS) reported noninterest expense of $13.47B in Q1 2026.
- How has Morgan Stanley's noninterest expense changed year-over-year?
- Morgan Stanley's noninterest expense increased by 11.7% year-over-year, from $12.06B to $13.47B.
- What is the long-term trend for Morgan Stanley's noninterest expense?
- Over 4 years (2021 to 2025), Morgan Stanley's noninterest expense has grown at a 4.8% compound annual growth rate (CAGR), from $40.08B to $48.34B.
- What does noninterest expense mean?
- The total operating expenses incurred by the company excluding interest-related costs.