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Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
191.62
+8.28 (4.52%)
At close: Apr 15, 2026, 4:00 PM EDT
191.82
+0.20 (0.10%)
After-hours: Apr 15, 2026, 6:39 PM EDT

Morgan Stanley Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021
Period Ending
Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21 Mar '21
Transaction-Based Revenues
14,60315,20013,76714,26613,01812,63312,47312,93710,87110,85610,86411,77410,30710,58110,87912,27611,67712,35512,17113,089
Net Interest Income
2,8552,4912,3472,3532,5522,1962,0671,7961,8971,9772,0102,3462,3192,5102,2822,2162,0892,0631,8652,028
Net Interest Income Growth
11.87%13.43%13.55%31.01%34.53%11.08%2.84%-23.44%-18.20%-21.23%-11.92%5.87%11.01%21.67%22.36%9.27%11.65%38.83%16.56%49.56%
Other Revenues
4325336781,120653554479403128440583397123-105-29309758335723602
Revenue
17,89018,22416,79217,73916,22315,38315,01915,13612,89613,27313,45714,51712,74912,98613,13214,80114,52414,75314,75915,719
Revenue Growth (YoY)
10.28%18.47%11.80%17.20%25.80%15.90%11.61%4.26%1.15%2.21%2.48%-1.92%-12.22%-11.98%-11.02%-5.84%6.82%25.87%8.04%60.74%
Cost of Revenue
8,1918,5838,3788,7437,4697,7777,4557,6176,8166,7907,1377,2916,4666,4616,4287,1566,2986,7457,2187,708
Gross Profit
9,6999,6418,4148,9968,7547,6067,5647,5196,0806,4836,3207,2266,2836,5256,7047,6458,2268,0087,5418,011
Selling, General & Admin
2,7782,5572,5562,4112,6632,4502,4732,2732,5612,3532,4002,3122,5242,2732,2642,1362,3462,0952,0711,908
Other Operating Expenses
1,1611,0561,2361,0411,1859351,0178511,4239851,1081,1549658641,1219219961,039904759
Operating Income
5,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,8744,5665,344
Pretax Income
5,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,8744,5665,344
Provision for Income Taxes
1,3361,3731,0471,1731,1829959579335557105917275287267838731,1681,1501,0541,176
Net Income
4,2504,4503,3924,1573,5643,0282,9423,2661,3832,2622,0492,8362,1132,4942,3913,5423,5923,5843,4083,982
Minority Interest in Earnings
274536561038415024273953303041492017148
Net Income Attributable to Preferred Dividends
147160147158150160134146134146133144123138104124104123103138
Net Income to Common
4,2504,4503,3924,1573,5643,0282,9423,2661,3832,2622,0492,8362,1132,4942,3913,5423,5923,5843,4083,982
Net Income Growth
19.25%46.96%15.30%27.28%157.70%33.86%43.58%15.16%-34.55%-9.30%-14.30%-19.93%-41.17%-30.41%-29.84%-11.05%9.98%38.01%11.85%150.44%
Shares Outstanding (Basic)
1,5641,5711,5771,5841,5831,5881,5941,6011,6061,6241,6351,6451,6521,6741,7041,7331,7511,7811,8141,795
Shares Outstanding (Diluted)
1,5861,5901,5931,6001,6081,6091,6111,6161,6271,6431,6511,6631,6791,6971,7231,7551,7851,8121,8411,818
Shares Change (YoY)
-1.37%-1.18%-1.12%-0.99%-1.17%-2.07%-2.42%-2.83%-3.10%-3.18%-4.18%-5.24%-5.94%-6.35%-6.41%-3.46%-0.94%15.71%18.24%15.57%
EPS (Basic)
2.722.832.152.622.251.911.852.040.861.391.251.721.281.491.402.042.052.011.882.22
EPS (Diluted)
2.682.802.132.602.221.881.822.020.851.381.241.701.261.471.392.022.011.981.852.19
EPS Growth
20.72%48.94%17.03%28.71%161.18%36.23%46.77%18.82%-32.54%-6.12%-10.79%-15.84%-37.31%-25.76%-24.87%-7.76%11.05%19.28%-5.61%116.83%
Shares Outstanding
1,5831,5911,5981,6071,6071,6121,6191,6271,6271,6421,6591,6701,6751,6941,7231,7561,7721,7991,8341,869
Free Cash Flow
-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-3011,5094,10126,354
Free Cash Flow Growth
--561.05%-----------244.16%----12.23%
Free Cash Flow Per Share
-1.97-2.546.95-15.436.79-11.341.042.19-11.481.72-6.37-6.36-8.79-4.968.19-0.24-0.170.832.2314.50
Dividends Per Share
1.0751.0001.0000.9251.0000.9250.9250.8500.8500.8500.8500.7750.7750.7750.7750.7000.7000.7000.7000.350
Dividend Growth
7.50%8.11%8.11%8.82%17.65%8.82%8.82%9.68%9.68%9.68%9.68%10.71%10.71%10.71%10.71%100.00%100.00%100.00%100.00%-
Gross Margin
54.21%52.90%50.11%50.71%53.96%49.44%50.36%49.68%47.15%48.84%46.96%49.78%49.28%50.25%51.05%51.65%56.64%54.28%51.09%50.96%
Operating Margin
32.20%33.08%27.52%31.25%30.24%27.44%27.13%29.04%16.25%23.69%20.90%25.90%21.92%26.09%25.27%31.00%33.63%33.04%30.94%34.00%
Profit Margin
24.73%25.54%21.29%24.64%22.96%20.97%20.75%22.87%11.95%18.35%16.50%20.89%17.77%20.50%19.31%25.10%25.59%25.24%23.80%26.52%
FCF Margin
-17.43%-22.20%65.90%-139.18%67.32%-118.57%11.15%23.41%-144.86%21.35%-78.15%-72.91%-115.82%-64.76%107.48%-2.79%-2.07%10.23%27.79%167.66%
EBITDA
6,8987,3765,9296,4096,5515,4915,3455,3703,5024,1333,7344,7004,0014,3164,2405,5306,1215,9095,6236,231
EBITDA Margin
38.56%40.47%35.31%36.13%40.38%35.70%35.59%35.48%27.16%31.14%27.75%32.38%31.38%33.24%32.29%37.36%42.14%40.05%38.10%39.64%
EBIT
5,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,8744,5665,344
EBIT Margin
32.20%33.08%27.52%31.25%30.24%27.44%27.13%29.04%16.25%23.69%20.90%25.90%21.92%26.09%25.27%31.00%33.63%33.04%30.94%34.00%
Effective Tax Rate
23.19%22.78%22.65%21.16%24.09%23.57%23.49%21.23%26.48%22.58%21.02%19.34%18.90%21.43%23.59%19.03%23.91%23.59%23.08%22.01%
Updated Apr 15, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.
SEC Filings: 10-K · 10-Q