Americas was Morgan Stanley’s largest region in fiscal 2025, bringing in $687.66B of $918.39B (75%).
| 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 |
Morgan Stanley brought in $918.39B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 14.4% from $802.89B in fiscal 2024. Americas was the largest at $687.66B (74.9%), ahead of Asia at $122.46B (13.3%) and Emea at $108.26B (11.8%).
Compared with fiscal 2024, Asia grew fastest, up 23.4% to $122.46B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $697.68B to $918.39B, a compound annual growth rate of 9.6%. Americas' share held steady at about 74.9%.
Is was Morgan Stanley’s largest segment in fiscal 2025, bringing in $430.04B of $927.67B (46%).
| 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 |
Morgan Stanley brought in $927.67B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 14.4% from $810.69B in fiscal 2024. Is was the largest at $430.04B (46.4%), ahead of Wm at $412.80B (44.5%) and Im at $84.83B (9.1%).
Compared with fiscal 2024, Is grew fastest, up 17.8% to $430.04B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew 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%.
Americas was Morgan Stanley’s largest region in fiscal 2008, bringing in $139.98B of $287.82B (49%).
| Geography | FY 2008 |
|---|---|
| Americas | $139.98B |
| Europe, Middle East, & Africa | $116.70B |
| Asia | $31.14B |
| Total | $287.82B |
Morgan Stanley brought in $287.82B from its three regions in fiscal 2008, the year ended November 30, 2008. Americas was the largest at $139.98B (48.6%), ahead of Europe, Middle East, & Africa at $116.70B (40.5%) and Asia at $31.14B (10.8%).
Morgan Stanley (MS) reports its revenue by geography and by segment. In fiscal 2025, Americas was its largest region, bringing in $687.66B (74.9% of the total), followed by Asia at $122.46B (13.3%).
Americas was Morgan Stanley's largest region in fiscal 2025, bringing in $687.66B, or 74.9% of the $918.39B total across its three regions.
Is was Morgan Stanley's largest segment in fiscal 2025, bringing in $430.04B, or 46.4% of the $927.67B total across its three segments.
Among Morgan Stanley's regions that make up at least 2% of revenue, Asia grew fastest in fiscal 2025, up 23.4% from $99.26B to $122.46B.
Every figure comes from Morgan Stanley's annual financial filings, as reported. Each line keeps the name Morgan Stanley gives it, and years follow its fiscal calendar.
Morgan Stanley's revenue by geography goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.