v3.26.1
Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting        
Investment banking $ 2,651 $ 1,644 $ 4,940 $ 3,355
Trading 6,723 4,745 13,453 9,856
Investments 226 388 372 757
Commissions and fees 1,833 1,425 3,523 2,906
Asset management 6,912 5,953 13,642 11,916
Other 223 290 515 1,041
Total non-interest revenues 18,568 14,445 36,445 29,831
Interest income 15,902 14,905 31,175 28,653
Interest expense 13,122 12,558 25,692 23,953
Net interest 2,780 2,347 5,483 4,700
Net revenues 21,348 16,792 41,928 34,531
Provision for credit losses 98 196 196 331
Compensation and benefits 8,187 7,190 16,729 14,711
Non-compensation expenses 5,715 4,784 10,644 9,323
Total non-interest expenses 13,902 11,974 27,373 24,034
Income before provision for income taxes 7,348 4,622 14,359 10,166
Provision for income taxes 1,695 1,047 3,068 2,220
Income from continuing operations 5,653   11,291  
Net income 5,653 3,575 11,291 7,946
Net income applicable to noncontrolling interests 72 36 143 92
Net income applicable to Morgan Stanley $ 5,581 $ 3,539 $ 11,148 $ 7,854
Pre-tax margin 34.00% 28.00% 34.00% 29.00%
Intersegment Eliminations        
Segment Reporting        
Investment banking $ (38) $ (39) $ (89) $ (77)
Trading 10 18 32 35
Investments 0 0 0 0
Commissions and fees (94) (77) (192) (160)
Asset management (83) (75) (161) (150)
Other (4) (4) (7) (9)
Total non-interest revenues (209) (177) (417) (361)
Interest income (217) (245) (434) (552)
Interest expense (232) (255) (462) (573)
Net interest 15 10 28 21
Net revenues (194) (167) (389) (340)
Provision for credit losses 0 0 0 0
Compensation and benefits 0 0 0 0
Non-compensation expenses (179) (155) (353) (317)
Total non-interest expenses (179) (155) (353) (317)
Income before provision for income taxes (15) (12) (36) (23)
Provision for income taxes (3) (2) (8) (5)
Income from continuing operations (12)   (28)  
Net income (12) (10) (28) (18)
Net income applicable to noncontrolling interests 0 0 0 0
Net income applicable to Morgan Stanley (12) (10) (28) (18)
Institutional Securities Segment | Operating Segments        
Segment Reporting        
Investment banking 2,437 1,540 4,553 3,099
Trading 6,650 4,350 13,248 9,463
Investments 31 156 78 305
Commissions and fees 1,114 814 2,119 1,683
Asset management 218 183 451 374
Other 58 135 240 768
Total non-interest revenues 10,508 7,178 20,689 15,692
Interest income 12,886 11,140 24,708 21,213
Interest expense 12,354 10,675 23,636 20,279
Net interest 532 465 1,072 934
Net revenues 11,040 7,643 21,761 16,626
Provision for credit losses 71 168 163 259
Compensation and benefits 2,980 2,430 6,244 5,284
Non-compensation expenses 3,727 2,934 6,931 5,691
Total non-interest expenses 6,707 5,364 13,175 10,975
Income before provision for income taxes 4,262 2,111 8,423 5,392
Provision for income taxes 999 472 1,795 1,168
Income from continuing operations 3,263   6,628  
Net income 3,263 1,639 6,628 4,224
Net income applicable to noncontrolling interests 71 35 142 91
Net income applicable to Morgan Stanley $ 3,192 $ 1,604 $ 6,486 $ 4,133
Pre-tax margin 39.00% 28.00% 39.00% 32.00%
Wealth Management Segment | Operating Segments        
Segment Reporting        
Investment banking $ 252 $ 143 $ 476 $ 333
Trading 102 433 222 421
Investments 11 25 44 58
Commissions and fees 813 688 1,596 1,383
Asset management 5,261 4,411 10,340 8,807
Other 163 154 273 277
Total non-interest revenues 6,602 5,854 12,951 11,279
Interest income 3,210 4,000 6,856 7,959
Interest expense 956 2,090 2,432 4,147
Net interest 2,254 1,910 4,424 3,812
Net revenues 8,856 7,764 17,375 15,091
Provision for credit losses 27 28 33 72
Compensation and benefits 4,648 4,147 9,296 8,146
Non-compensation expenses 1,484 1,389 2,758 2,722
Total non-interest expenses 6,132 5,536 12,054 10,868
Income before provision for income taxes 2,697 2,200 5,288 4,151
Provision for income taxes 600 500 1,144 919
Income from continuing operations 2,097   4,144  
Net income 2,097 1,700 4,144 3,232
Net income applicable to noncontrolling interests 0 0 0 0
Net income applicable to Morgan Stanley $ 2,097 $ 1,700 $ 4,144 $ 3,232
Pre-tax margin 30.00% 28.00% 30.00% 28.00%
Investment Management Segment | Operating Segments        
Segment Reporting        
Investment banking $ 0 $ 0 $ 0 $ 0
Trading (39) (56) (49) (63)
Investments 184 207 250 394
Commissions and fees 0 0 0 0
Asset management 1,516 1,434 3,012 2,885
Other 6 5 9 5
Total non-interest revenues 1,667 1,590 3,222 3,221
Interest income 23 10 45 33
Interest expense 44 48 86 100
Net interest (21) (38) (41) (67)
Net revenues 1,646 1,552 3,181 3,154
Provision for credit losses 0 0 0 0
Compensation and benefits 559 613 1,189 1,281
Non-compensation expenses 683 616 1,308 1,227
Total non-interest expenses 1,242 1,229 2,497 2,508
Income before provision for income taxes 404 323 684 646
Provision for income taxes 99 77 137 138
Income from continuing operations 305   547  
Net income 305 246 547 508
Net income applicable to noncontrolling interests 1 1 1 1
Net income applicable to Morgan Stanley $ 304 $ 245 $ 546 $ 507
Pre-tax margin 25.00% 21.00% 22.00% 20.00%