Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
210.94
-4.56 (-2.12%)
At close: Jul 20, 2026, 4:00 PM EDT
210.75
-0.19 (-0.09%)
After-hours: Jul 20, 2026, 7:59 PM EDT
Morgan Stanley Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Transaction-Based Revenues | 16,337 | 14,135 | 11,799 | 9,485 | 10,537 | 16,515 |
Net Interest Income | 10,829 | 10,046 | 8,611 | 8,230 | 9,327 | 8,045 |
Net Interest Income Growth | 14.62% | 16.66% | 4.63% | -11.76% | 15.93% | 27.43% |
Other Revenues | 50,876 | 46,464 | 41,351 | 36,428 | 33,804 | 35,195 |
| 78,042 | 70,645 | 61,761 | 54,143 | 53,668 | 59,755 | |
Revenue Growth (YoY) | 18.00% | 14.38% | 14.07% | 0.89% | -10.19% | 22.56% |
Cost of Revenue | 36,223 | 33,895 | 30,318 | 28,034 | 26,511 | 27,969 |
Gross Profit | 41,819 | 36,750 | 31,443 | 26,109 | 27,157 | 31,786 |
Selling, General & Admin | 10,644 | 10,302 | 9,859 | 9,626 | 9,197 | 8,420 |
Other Operating Expenses | 5,028 | 4,494 | 3,988 | 4,670 | 3,871 | 3,698 |
Operating Income | 26,147 | 21,954 | 17,596 | 11,813 | 14,089 | 19,668 |
Pretax Income | 26,147 | 21,954 | 17,596 | 11,813 | 14,089 | 19,668 |
Provision for Income Taxes | 5,777 | 4,929 | 4,067 | 2,583 | 2,910 | 4,548 |
Net Income | 20,370 | 17,025 | 13,529 | 9,230 | 11,179 | 15,120 |
Minority Interest in Earnings | 215 | 164 | 139 | 143 | 150 | 86 |
Net Income Attributable to Preferred Dividends | 608 | 612 | 590 | 557 | 489 | 468 |
Net Income to Common | 19,547 | 16,249 | 12,800 | 8,530 | 10,540 | 14,566 |
Net Income Growth | 38.23% | 26.95% | 50.06% | -19.07% | -27.64% | 38.72% |
Shares Outstanding (Basic) | 1,563 | 1,574 | 1,591 | 1,628 | 1,691 | 1,785 |
Shares Outstanding (Diluted) | 1,580 | 1,592 | 1,611 | 1,646 | 1,713 | 1,814 |
Shares Change (YoY) | -1.39% | -1.18% | -2.13% | -3.91% | -5.57% | 11.70% |
EPS (Basic) | 12.52 | 10.32 | 8.04 | 5.24 | 6.23 | 8.16 |
EPS (Diluted) | 12.37 | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 |
EPS Growth | 40.09% | 28.43% | 53.47% | -15.77% | -23.41% | 24.30% |
Free Cash Flow | - | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 |
Free Cash Flow Per Share | - | -13.06 | -1.30 | -22.45 | -5.53 | 17.45 |
Dividends Per Share | 4.150 | 3.925 | 3.625 | 3.325 | 3.025 | 2.450 |
Dividend Growth | 5.73% | 8.28% | 9.02% | 9.92% | 23.47% | 75.00% |
Gross Margin | 53.59% | 52.02% | 50.91% | 48.22% | 50.60% | 53.19% |
Operating Margin | 33.50% | 31.08% | 28.49% | 21.82% | 26.25% | 32.91% |
Profit Margin | 26.10% | 24.10% | 21.91% | 17.05% | 20.83% | 25.30% |
FCF Margin | - | -29.42% | -3.40% | -68.24% | -17.65% | 52.99% |
EBITDA | 26,147 | 26,612 | 22,757 | 16,069 | 18,087 | 23,884 |
EBITDA Margin | 33.50% | 37.67% | 36.85% | 29.68% | 33.70% | 39.97% |
EBIT | 26,147 | 21,954 | 17,596 | 11,813 | 14,089 | 19,668 |
EBIT Margin | 33.50% | 31.08% | 28.49% | 21.82% | 26.25% | 32.91% |
Effective Tax Rate | 22.09% | 22.45% | 23.11% | 21.87% | 20.65% | 23.12% |