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Est. 2026The front page of wealth managementNew York

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Wealth Firm Earnings · MS

Morgan Stanley earnings

Client assets, net new assets, revenue and advisory assets, quarter by quarter, as Morgan Stanley reports them for its Wealth Management business, with the source for every number.

In Q3 2026, Morgan Stanley reported $8.43T in client assets, up 20% from a year earlier and $232B in net new assets. Revenue was $9.1B, up 10% year over year.

Next reportNot announced yet

Latest releaseOctober 14, 2026

NewsMorgan Stanley coverage

Quarter by quarter

Client assets

Total client assets, Wealth Management

  1. $6.49TQ2 2025
  2. $7.05TQ3 2025
  3. $7.38TQ4 2025
  4. $7.34TQ1 2026
  5. $8.08TQ2 2026
  6. $8.43T$8.43TQ3 2026
Show as table
PeriodClient assets
Q3 2026$8.43T
Q2 2026$8.08T
Q1 2026$7.34T
Q4 2025$7.38T
Q3 2025$7.05T
Q2 2025$6.49T

Net new assets

Net new assets, Wealth Management

  1. $59.2BQ2 2025
  2. $81BQ3 2025
  3. $122BQ4 2025
  4. $118BQ1 2026
  5. $148BQ2 2026
  6. $232B$232BQ3 2026
Show as table
PeriodNet new assets
Q3 2026$232B
Q2 2026$148B
Q1 2026$118B
Q4 2025$122B
Q3 2025$81B
Q2 2025$59.2B

Revenue

Wealth Management net revenues

  1. $7.8BQ2 2025
  2. $8.2BQ3 2025
  3. $8.4BQ4 2025
  4. $8.5BQ1 2026
  5. $8.9BQ2 2026
  6. $9.1B$9.1BQ3 2026
Show as table
PeriodRevenue
Q3 2026$9.1B
Q2 2026$8.9B
Q1 2026$8.5B
Q4 2025$8.4B
Q3 2025$8.2B
Q2 2025$7.8B

Advisory assets

Fee-based client assets, Wealth Management

  1. $2.48TQ2 2025
  2. $2.65TQ3 2025
  3. $2.75TQ4 2025
  4. $2.79TQ1 2026
  5. $3.02TQ2 2026
  6. $3.15T$3.15TQ3 2026
Show as table
PeriodAdvisory assets
Q3 2026$3.15T
Q2 2026$3.02T
Q1 2026$2.79T
Q4 2025$2.75T
Q3 2025$2.65T
Q2 2025$2.48T

Reading these numbers

  • Morgan Stanley no longer reports its financial advisor headcount.
  • Q3 2026 net new assets: the company said just over half came from flows associated with IPOs.

Every figure and its source

Download CSV
PeriodFigureValueSource
Q3 2026Total client assetsWealth Management$8.43TSEC filingOctober 14, 2026
Q3 2026Net new assetsWealth Management+$232BSEC filingOctober 14, 2026
Q3 2026Wealth Management net revenuesWealth Management$9.1BSEC filingOctober 14, 2026
Q3 2026Fee-based client assetsWealth Management$3.15TSEC filingOctober 14, 2026
Q2 2026Total client assetsWealth Management$8.08TSEC filingJuly 15, 2026
Q2 2026Net new assetsWealth Management+$148BSEC filingJuly 15, 2026
Q2 2026Wealth Management net revenuesWealth Management$8.9BSEC filingJuly 15, 2026
Q2 2026Fee-based client assetsWealth Management$3.02TSEC filingJuly 15, 2026
Q1 2026Total client assetsWealth Management$7.34TSEC filingApril 15, 2026
Q1 2026Net new assetsWealth Management+$118BSEC filingApril 15, 2026
Q1 2026Wealth Management net revenuesWealth Management$8.5BSEC filingApril 15, 2026
Q1 2026Fee-based client assetsWealth Management$2.79TSEC filingApril 15, 2026
Q4 2025Total client assetsWealth Management$7.38TSEC filingJanuary 15, 2026
Q4 2025Net new assetsWealth Management+$122BSEC filingJanuary 15, 2026
Q4 2025Wealth Management net revenuesWealth Management$8.4BSEC filingJanuary 15, 2026
Q4 2025Fee-based client assetsWealth Management$2.75TSEC filingJanuary 15, 2026
Q3 2025Total client assetsWealth Management$7.05TSEC filingOctober 15, 2025
Q3 2025Net new assetsWealth Management+$81BSEC filingOctober 15, 2025
Q3 2025Wealth Management net revenuesWealth Management$8.2BSEC filingOctober 15, 2025
Q3 2025Fee-based client assetsWealth Management$2.65TSEC filingOctober 15, 2025
Q2 2025Total client assetsWealth Management$6.49TSEC filingJuly 16, 2025
Q2 2025Net new assetsWealth Management+$59.2BSEC filingJuly 16, 2025
Q2 2025Wealth Management net revenuesWealth Management$7.8BSEC filingJuly 16, 2025
Q2 2025Fee-based client assetsWealth Management$2.48TSEC filingJuly 16, 2025

Questions

How much in client assets does Morgan Stanley have?

Morgan Stanley reported $8.43T in client assets (“Total client assets”, Wealth Management) at the end of Q3 2026, according to its release on October 14, 2026.

What were Morgan Stanley’s net new assets in Q3 2026?

+$232B, reported as “Net new assets” for Wealth Management in its release on October 14, 2026.

When does Morgan Stanley report earnings next?

Morgan Stanley hasn’t announced its next earnings date yet. It is added here once the company announces it.

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