Morgan Stanley MS Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues by Business | ||||||
| Investment Management | $1.54B-10.8% | $1.72B+4.2% | $1.65B+6.4% | $1.55B-3.1% | $1.6B-2.5% | |
| Institutional Securities1 | $10.72B+35.2% | $7.93B-6.9% | $8.52B+11.5% | $7.64B-14.9% | $8.98B+23.6% | |
| Wealth Management1 | $8.52B+1.1% | $8.43B+2.4% | $8.23B+6.1% | $7.76B+6.0% | $7.33B-2.0% | |
| Net revenues by Geography | ||||||
| Americas | $14.59B+5.9% | $13.78B+0.9% | $13.66B+10.7% | $12.35B-5.8% | $13.1B+4.5% | |
| Asia | $3.35B+55.7% | $2.15B-18.0% | $2.62B+13.9% | $2.3B-1.8% | $2.35B+16.4% | |
| EMEA | $2.64B+35.0% | $1.96B+0.9% | $1.94B-9.5% | $2.14B-6.5% | $2.29B+37.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Morgan Stanley break its business down?
- Morgan Stanley (MS) reports net revenues by business across 3 parts — Investment Management, Institutional Securities1 and Wealth Management1. Each is extracted from the segment footnotes and tracked over time.
- Where does Morgan Stanley's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Morgan Stanley's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
