Americas was the largest of Morgan Stanley’s 3 reported lines in fiscal 2025, at $687.66B — 75% of $918.39B.
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $521.52B | $541.46B | $610.08B | $687.66B | |||||||||||
| Revenuesnetofinterestexpense | — | — | — | — | |||||||||||
| Revenues | — | — | — | — | |||||||||||
| Emea | $88.54B | $78.75B | $93.56B | $108.26B | |||||||||||
| Asia | $87.62B | $83.64B | $99.26B | $122.46B | |||||||||||
| Total | $697.68B | $703.86B | $802.89B | $918.39B |
In fiscal 2025, which ended December 31, 2025, the 3 regions Morgan Stanley reported in this breakdown added up to $918.39B. That was up 14.4% from $802.89B in fiscal 2024. Americas was the largest region, at $687.66B or 74.9% of the total, followed by Asia ($122.46B, 13.3%) and Emea ($108.26B, 11.8%). Together, the two largest regions made up 88.2% of this total.
Compared with fiscal 2024, Asia grew the fastest, rising 23.4% to $122.46B. Every sizeable region reported in both years grew. Over fiscal 2022 to 2025, revenue across these regions went from $697.68B to $918.39B, a compound annual growth rate of 9.6%. Americas held a steady share of about 74.9%.
The table also keeps 2 regions that Morgan Stanley no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers 15 fiscal years between 2009 and 2025, as reported in Morgan Stanley's annual filings.
Is was the largest of Morgan Stanley’s 3 reported lines in fiscal 2025, at $430.04B — 46% of $927.67B.
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Is | $317.11B | $299.78B | $365.04B | $430.04B | |||||||||||
| Revenuesnetofinterestexpense | — | — | — | — | |||||||||||
| Revenues | — | — | — | — | |||||||||||
| Wm | $317.42B | $341.48B | $369.46B | $412.80B | |||||||||||
| Im | $69.88B | $69.81B | $76.19B | $84.83B | |||||||||||
| Total | $704.41B | $711.07B | $810.69B | $927.67B |
In fiscal 2025, which ended December 31, 2025, the 3 segments Morgan Stanley reported in this breakdown added up to $927.67B. That was up 14.4% from $810.69B in fiscal 2024. Is was the largest segment, at $430.04B or 46.4% of the total, followed by Wm ($412.80B, 44.5%) and Im ($84.83B, 9.1%). Together, the two largest segments made up 90.9% of this total.
Compared with fiscal 2024, Is grew the fastest, rising 17.8% to $430.04B. Every sizeable segment reported in both years grew. Over fiscal 2022 to 2025, revenue across these segments went from $704.41B to $927.67B, a compound annual growth rate of 9.6%. Is' share of the total rose from 45.0% to 46.4% over the same years.
The table also keeps 2 segments that Morgan Stanley no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers 15 fiscal years between 2009 and 2025, as reported in Morgan Stanley's annual filings.
Americas was the largest of Morgan Stanley’s 3 reported lines in fiscal 2008, at $139.98B — 49% of $287.82B.
| Geography | FY 2008 |
|---|---|
| Americas | $139.98B |
| Europe, Middle East, & Africa | $116.70B |
| Asia | $31.14B |
| Total | $287.82B |
In fiscal 2008, which ended November 30, 2008, the 3 regions Morgan Stanley reported in this breakdown added up to $287.82B. Americas was the largest region, at $139.98B or 48.6% of the total, followed by Europe, Middle East, & Africa ($116.70B, 40.5%) and Asia ($31.14B, 10.8%). Together, the two largest regions made up 89.2% of this total.
This breakdown covers every fiscal year from 2008 to 2008, as reported in Morgan Stanley's annual filings.
Morgan Stanley (MS) breaks its revenue down by region and segment. In fiscal 2025, its largest region was Americas, with $687.66B or 74.9% of the total, followed by Asia at $122.46B (13.3%).
Americas was Morgan Stanley's largest region in fiscal 2025, with $687.66B in revenue, 74.9% of the $918.39B reported across its 3 regions.
Is was Morgan Stanley's largest segment in fiscal 2025, with $430.04B in revenue, 46.4% of the $927.67B reported across its 3 segments.
Of the Morgan Stanley regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Asia grew the fastest, rising 23.4% from $99.26B to $122.46B.
Every figure is taken from Morgan Stanley's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2009 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.