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Morgan Stanley MS Business Segments

FY'25FY'24FY'23FY'22
Net revenues by Business
Investment Management$6.53B+11.3%$5.86B+9.1%$5.37B-0.1%$5.38B-13.6%
Institutional Securities1$33.08B+17.8%$28.08B+21.8%$23.06B-5.5%$24.39B-18.2%
Wealth Management1$31.75B+11.7%$28.42B+8.2%$26.27B+7.6%$24.42B+0.7%
Net revenues by Geography
Americas$52.9B+12.7%$46.93B+12.7%$41.65B+3.8%$40.12B-10.1%
Asia$9.42B+23.4%$7.64B+18.7%$6.43B-4.5%$6.74B-9.5%
EMEA$8.33B+15.7%$7.2B+18.8%$6.06B-11.1%$6.81B-11.5%

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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.