Morgan Stanley
Revenue Breakdown
| Fiscal Year | Institutional Securities | Wealth Management | Investment Management | Intersegment Eliminations |
|---|---|---|---|---|
| FY2016 | $17.46B | $15.35B | $2.11B | $-290.0M |
| FY2017 | $18.81B | $16.84B | $2.59B | $-290.0M |
| FY2018 | $20.58B | $17.24B | $2.75B | $-463.0M |
| FY2019 | $20.39B | $17.74B | $3.76B | $-467.0M |
| FY2020 | $26.48B | $19.09B | $3.73B | $-539.0M |
| FY2021 | $29.83B | $24.24B | $6.22B | $-541.0M |
| FY2022 | $24.39B | $24.42B | $5.38B | $-517.0M |
| FY2023 | $23.06B | $26.27B | $5.37B | $-555.0M |
| FY2024 | $28.08B | $28.42B | $5.86B | $-600.0M |
| FY2025 | $33.08B | $31.75B | $6.53B | $-714.0M |