Operating Expenses

Professional fees

Morgan Stanley Professional fees decreased by 21.7% to $602.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.7%, from $674.00M to $602.00M. Over 4 years (FY 2021 to FY 2025), Professional fees shows relatively stable performance with a -0.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2025
Last reportedQ1 2026

How to read this metric

An increase often signals heightened regulatory scrutiny, major transformation projects, or legal challenges, whereas a decrease suggests stable operations.

Detailed definition

This metric includes payments made to third-party legal, accounting, consulting, and advisory firms for specialized serv...

Peer comparison

Standard line item across all public companies; high levels relative to peers can indicate complex litigation or aggressive restructuring.

Metric ID: professional_fees

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$746.00M$734.00M$829.00M$705.00M$757.00M$755.00M$853.00M$710.00M$767.00M$759.00M$822.00M$639.00M$753.00M$711.00M$798.00M$674.00M$711.00M$685.00M$769.00M$602.00M
QoQ Change-1.6%+12.9%-15.0%+7.4%-0.3%+13.0%-16.8%+8.0%-1.0%+8.3%-22.3%+17.8%-5.6%+12.2%-15.5%+5.5%-3.7%+12.3%-21.7%
YoY Change+1.5%+2.9%+2.9%+0.7%+1.3%+0.5%-3.6%-10.0%-1.8%-6.3%-2.9%+5.5%-5.6%-3.7%-3.6%-10.7%
Range$602.00M$853.00M
CAGR-4.4%
Avg YoY Growth-2.1%
Median YoY Growth-2.4%

Frequently Asked Questions

What is Morgan Stanley's professional fees?
Morgan Stanley (MS) reported professional fees of $602.00M in Q1 2026.
How has Morgan Stanley's professional fees changed year-over-year?
Morgan Stanley's professional fees decreased by 10.7% year-over-year, from $674.00M to $602.00M.
What is the long-term trend for Morgan Stanley's professional fees?
Over 4 years (2021 to 2025), Morgan Stanley's professional fees has grown at a -0.8% compound annual growth rate (CAGR), from $2.93B to $2.84B.
What does professional fees mean?
The total expenditure on external legal, consulting, and professional advisory services.