v3.26.1
Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information    
Investment banking $ 2,289 $ 1,711
Trading 6,730 5,111
Investments 146 369
Commissions and fees 1,690 1,481
Asset management 6,730 5,963
Other 292 751
Total non-interest revenues 17,877 15,386
Interest income 15,273 13,748
Interest expense 12,570 11,395
Net interest 2,703 2,353
Net revenues 20,580 17,739
Provision for credit losses 98 135
Compensation and benefits 8,542 7,521
Non-compensation expenses 4,929 4,539
Total non-interest expenses 13,471 12,060
Income before provision for income taxes 7,011 5,544
Provision for income taxes 1,373 1,173
Net income 5,638 4,371
Net income applicable to noncontrolling interests 71 56
Net income applicable to Morgan Stanley $ 5,567 $ 4,315
Pre-tax margin 34.00% 31.00%
Intersegment Eliminations    
Segment Reporting Information    
Investment banking $ (51) $ (38)
Trading 22 17
Investments 0 0
Commissions and fees (98) (83)
Asset management (78) (75)
Other (3) (5)
Total non-interest revenues (208) (184)
Interest income (217) (307)
Interest expense (230) (318)
Net interest 13 11
Net revenues (195) (173)
Provision for credit losses 0 0
Compensation and benefits 0 0
Non-compensation expenses (174) (162)
Total non-interest expenses (174) (162)
Income before provision for income taxes (21) (11)
Provision for income taxes (5) (3)
Net income (16) (8)
Net income applicable to noncontrolling interests 0 0
Net income applicable to Morgan Stanley (16) (8)
Institutional Securities Segment | Operating Segments    
Segment Reporting Information    
Investment banking 2,116 1,559
Trading 6,598 5,113
Investments 47 149
Commissions and fees 1,005 869
Asset management 233 191
Other 182 633
Total non-interest revenues 10,181 8,514
Interest income 11,822 10,073
Interest expense 11,282 9,604
Net interest 540 469
Net revenues 10,721 8,983
Provision for credit losses 92 91
Compensation and benefits 3,264 2,854
Non-compensation expenses 3,204 2,757
Total non-interest expenses 6,468 5,611
Income before provision for income taxes 4,161 3,281
Provision for income taxes 796 696
Net income 3,365 2,585
Net income applicable to noncontrolling interests 71 56
Net income applicable to Morgan Stanley $ 3,294 $ 2,529
Pre-tax margin 39.00% 37.00%
Wealth Management Segment | Operating Segments    
Segment Reporting Information    
Investment banking $ 224 $ 190
Trading 120 (12)
Investments 33 33
Commissions and fees 783 695
Asset management 5,079 4,396
Other 110 123
Total non-interest revenues 6,349 5,425
Interest income 3,646 3,959
Interest expense 1,476 2,057
Net interest 2,170 1,902
Net revenues 8,519 7,327
Provision for credit losses 6 44
Compensation and benefits 4,648 3,999
Non-compensation expenses 1,274 1,333
Total non-interest expenses 5,922 5,332
Income before provision for income taxes 2,591 1,951
Provision for income taxes 544 419
Net income 2,047 1,532
Net income applicable to noncontrolling interests 0 0
Net income applicable to Morgan Stanley $ 2,047 $ 1,532
Pre-tax margin 30.00% 27.00%
Investment Management Segment | Operating Segments    
Segment Reporting Information    
Investment banking $ 0 $ 0
Trading (10) (7)
Investments 66 187
Commissions and fees 0 0
Asset management 1,496 1,451
Other 3 0
Total non-interest revenues 1,555 1,631
Interest income 22 23
Interest expense 42 52
Net interest (20) (29)
Net revenues 1,535 1,602
Provision for credit losses 0 0
Compensation and benefits 630 668
Non-compensation expenses 625 611
Total non-interest expenses 1,255 1,279
Income before provision for income taxes 280 323
Provision for income taxes 38 61
Net income 242 262
Net income applicable to noncontrolling interests 0 0
Net income applicable to Morgan Stanley $ 242 $ 262
Pre-tax margin 18.00% 20.00%