Morgan Stanley Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Interest and Dividend Income	54,959	54,959	50,854	21,610	10,787	11,148	Upgrade
Total Interest Expense	45,524	45,524	42,051	12,268	1,366	3,849	Upgrade
Net Interest Income	9,435	9,435	8,803	9,342	9,421	7,299	Upgrade
Brokerage Commission	5,094	5,094	4,537	4,938	5,521	4,851	Upgrade
Trading & Principal Transactions	16,763	16,763	15,263	13,928	12,810	13,983	Upgrade
Asset Management Fee	22,499	22,499	19,617	19,578	19,967	14,272	Upgrade
Underwriting & Investment Banking Fee	6,705	6,705	4,948	5,599	10,994	7,674	Upgrade
Gain on Sale of Investments (Rev)	-	-	49	70	210	137	Upgrade
Other Revenue	1,265	1,265	926	213	832	541	Upgrade
Revenue Before Loan Losses	61,761	61,761	54,143	53,668	59,755	48,757	Upgrade
Provision for Loan Losses	264	264	532	280	4	761	Upgrade
Revenue	61,497	61,497	53,611	53,388	59,751	47,996	Upgrade
Revenue Growth (YoY)	14.71%	14.71%	0.42%	-10.65%	24.49%	16.00%	Upgrade
Salaries & Employee Benefits	26,178	26,178	24,205	23,053	24,628	20,703	Upgrade
Cost of Services Provided	13,999	13,999	13,102	12,655	11,761	9,592	Upgrade
Total Operating Expenses	40,177	40,177	37,307	35,708	36,389	30,295	Upgrade
Operating Income	21,320	21,320	16,304	17,680	23,362	17,701	Upgrade
Other Non-Operating Income (Expenses)	-3,724	-3,724	-3,846	-3,574	-3,644	-2,726	Upgrade
EBT Excluding Unusual Items	17,596	17,596	12,458	14,106	19,718	14,975	Upgrade
Merger & Restructuring Charges	-	-	-	-	-	-151	Upgrade
Impairment of Goodwill	-	-	-	-	-8	-	Upgrade
Asset Writedown	-	-	-43	-17	-42	-70	Upgrade
Legal Settlements	-	-	-249	-	-	-336	Upgrade
Other Unusual Items	-	-	-353	-	-	-	Upgrade
Pretax Income	17,596	17,596	11,813	14,089	19,668	14,418	Upgrade
Income Tax Expense	4,067	4,067	2,583	2,910	4,548	3,239	Upgrade
Earnings From Continuing Ops.	13,529	13,529	9,230	11,179	15,120	11,179	Upgrade
Net Income to Company	13,529	13,529	9,230	11,179	15,120	11,179	Upgrade
Minority Interest in Earnings	-139	-139	-143	-150	-86	-183	Upgrade
Net Income	13,390	13,390	9,087	11,029	15,034	10,996	Upgrade
Preferred Dividends & Other Adjustments	590	590	557	489	468	496	Upgrade
Net Income to Common	12,800	12,800	8,530	10,540	14,566	10,500	Upgrade
Net Income Growth	47.35%	47.35%	-17.61%	-26.64%	36.72%	21.61%	Upgrade
Shares Outstanding (Basic)	1,591	1,591	1,628	1,691	1,785	1,603	Upgrade
Shares Outstanding (Diluted)	1,611	1,611	1,646	1,713	1,814	1,624	Upgrade
Shares Change (YoY)	-2.13%	-2.13%	-3.91%	-5.57%	11.70%	-0.98%	Upgrade
EPS (Basic)	8.05	8.05	5.24	6.23	8.16	6.55	Upgrade
EPS (Diluted)	7.95	7.95	5.18	6.15	8.03	6.46	Upgrade
EPS Growth	53.47%	53.47%	-15.77%	-23.41%	24.30%	24.47%	Upgrade
Free Cash Flow	-	-	-36,948	-9,475	31,663	-26,675	Upgrade
Free Cash Flow Per Share	-	-	-22.45	-5.53	17.45	-16.43	Upgrade
Dividend Per Share	3.625	3.625	3.325	3.025	2.450	1.400	Upgrade
Dividend Growth	9.02%	9.02%	9.92%	23.47%	75.00%	3.70%	Upgrade
Operating Margin	34.67%	34.67%	30.41%	33.12%	39.10%	36.88%	Upgrade
Profit Margin	20.81%	20.81%	15.91%	19.74%	24.38%	21.88%	Upgrade
Free Cash Flow Margin	-	-	-68.92%	-17.75%	52.99%	-55.58%	Upgrade
Effective Tax Rate	23.11%	23.11%	21.87%	20.65%	23.12%	22.46%	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.