Morgan Stanley's Revenue by Segment
In fiscal year 2025, Morgan Stanley's revenue by segment (products & services) are as follows:
- Institutional Securities Segment: $33.08 B
- Investment Management Segment: $6.53 B
- Wealth Management Segment: $31.75 B
Learn more about Morgan Stanley’s Revenue by Geography
Check out competitors to Morgan Stanley in a side-by-side comparison.
Explore additional financial metrics for Morgan Stanley.
Morgan Stanley's Revenue Share by Segment
| Institutional Securities Segment | 23060000000 |
|---|---|
| Investment Management Segment | 5370000000 |
| Wealth Management Segment | 26268000000 |
| Institutional Securities Segment | 28080000000 |
|---|---|
| Investment Management Segment | 5861000000 |
| Wealth Management Segment | 28420000000 |
| Institutional Securities Segment | 33080000000 |
|---|---|
| Investment Management Segment | 6525000000 |
| Wealth Management Segment | 31754000000 |
The above chart shows Morgan Stanley's revenue percentage share by segment (products and services).
In fiscal year 2023, Morgan Stanley's revenue by segment is as follows:
- Institutional Securities Segment generated $23.06 B in revenue, representing 42.16% of its total revenue.
- Investment Management Segment generated $5.37 B in revenue, representing 9.82% of its total revenue.
- Wealth Management Segment generated $26.27 B in revenue, representing 48.02% of its total revenue.
The biggest segment for Morgan Stanley is the Wealth Management Segment, which represents 48.02% of its total revenue.
The smallest segment for Morgan Stanley is the Investment Management Segment, which represents 9.82% of its total revenue.
The above chart shows Morgan Stanley's revenue percentage share by segment (products and services).
In fiscal year 2024, Morgan Stanley's revenue by segment is as follows:
- Institutional Securities Segment generated $28.08 B in revenue, representing 45.03% of its total revenue.
- Investment Management Segment generated $5.86 B in revenue, representing 9.4% of its total revenue.
- Wealth Management Segment generated $28.42 B in revenue, representing 45.57% of its total revenue.
The biggest segment for Morgan Stanley is the Wealth Management Segment, which represents 45.57% of its total revenue.
The smallest segment for Morgan Stanley is the Investment Management Segment, which represents 9.4% of its total revenue.
The above chart shows Morgan Stanley's revenue percentage share by segment (products and services).
In fiscal year 2025, Morgan Stanley's revenue by segment is as follows:
- Institutional Securities Segment generated $33.08 B in revenue, representing 46.36% of its total revenue.
- Investment Management Segment generated $6.53 B in revenue, representing 9.14% of its total revenue.
- Wealth Management Segment generated $31.75 B in revenue, representing 44.5% of its total revenue.
The biggest segment for Morgan Stanley is the Institutional Securities Segment, which represents 46.36% of its total revenue.
The smallest segment for Morgan Stanley is the Investment Management Segment, which represents 9.14% of its total revenue.
Summary Table
| Products & Services (Percent Share) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Institutional Securities Segment | 42.16% | 45.03% | 46.36% |
| Investment Management Segment | 9.82% | 9.4% | 9.14% |
| Wealth Management Segment | 48.02% | 45.57% | 44.5% |
| Total Revenue | 100% | 100% | 100% |
Morgan Stanley's Segments Revenue Trend
The above chart shows the revenue trend of different segments of Morgan Stanley.
In fiscal year 2025, the Institutional Securities Segment generated the most revenue ($33.08 B), and the Investment Management Segment generated the least revenue ($6.53 B).
Morgan Stanley's Revenue Growth Drivers
The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.
Summary Table
| Products & Services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Institutional Securities Segment | $23.06 B - |
$28.08 B
21.77%
|
$33.08 B
17.81%
|
| Investment Management Segment | $5.37 B - |
$5.86 B
9.14%
|
$6.53 B
11.33%
|
| Wealth Management Segment | $26.27 B - |
$28.42 B
8.19%
|
$31.75 B
11.73%
|
| Total Revenue | $54.70 B - |
$62.36 B
14.01%
|
$71.36 B
14.43%
|
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