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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Morgan Stanley's Revenue by Segment

In fiscal year 2024, Morgan Stanley's revenue by segment (products & services) are as follows:

  • Institutional Securities Segment: $28.08 B
  • Investment Management Segment: $5.86 B
  • Wealth Management Segment: $28.42 B

Learn more about Morgan Stanley’s Revenue by Geography

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The above chart shows Morgan Stanley's revenue percentage share by segment (products and services).

In fiscal year 2022, Morgan Stanley's revenue by segment is as follows:

  • Institutional Securities Segment generated $24.39 B in revenue, representing 45.02% of its total revenue.
  • Investment Management Segment generated $5.38 B in revenue, representing 9.92% of its total revenue.
  • Wealth Management Segment generated $24.42 B in revenue, representing 45.06% of its total revenue.

The biggest segment for Morgan Stanley is the Wealth Management Segment, which represents 45.06% of its total revenue.
The smallest segment for Morgan Stanley is the Investment Management Segment, which represents 9.92% of its total revenue.

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.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Institutional Securities Segment 45.02% 42.16% 45.03%
Wealth Management Segment 45.06% 48.02% 45.57%
Investment Management Segment 9.92% 9.82% 9.4%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Morgan Stanley.

In fiscal year 2024, the Wealth Management Segment generated the most revenue ($28.42 B), and the Investment Management Segment generated the least revenue ($5.86 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Institutional Securities Segment revenue increased 21.77% ($5.02 B) from $23.06 B (in 2023) to $28.08 B (in 2024).
  • Investment Management Segment revenue increased 9.14% ($491.00 M) from $5.37 B (in 2023) to $5.86 B (in 2024).
  • Wealth Management Segment revenue increased 8.19% ($2.15 B) from $26.27 B (in 2023) to $28.42 B (in 2024).
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    Summary Table

    Products & Services 2022 2023 2024
    Institutional Securities Segment $24.39 B - $23.06 B
    5.46%
    $28.08 B
    21.77%
    Investment Management Segment $5.38 B - $5.37 B
    0.09%
    $5.86 B
    9.14%
    Wealth Management Segment $24.42 B - $26.27 B
    7.58%
    $28.42 B
    8.19%
    Total Revenue $54.19 B - $54.70 B
    0.95%
    $62.36 B
    14.01%