Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
219.27
+1.91 (0.88%)
Aug 17, 2026, 3:23 PM EDT - Market open
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 |
Interest and Dividend Income | 62,551 | 60,414 | 54,959 | 46,422 | 21,610 | 10,787 |
Total Interest Expense | 50,756 | 49,017 | 45,524 | 37,619 | 12,268 | 1,366 |
Net Interest Income | 11,795 | 11,397 | 9,435 | 8,803 | 9,342 | 9,421 |
Brokerage Commission | 6,553 | 5,936 | 5,094 | 4,537 | 4,938 | 5,521 |
Trading & Principal Transactions | 22,153 | 18,556 | 16,763 | 15,263 | 13,928 | 12,810 |
Asset Management Fee | 26,871 | 25,145 | 22,499 | 19,617 | 19,578 | 19,967 |
Underwriting & Investment Banking Fee | 9,784 | 8,199 | 6,705 | 4,948 | 5,599 | 10,994 |
Gain on Sale of Investments (Rev) | 22 | 24 | 43 | 34 | 56 | 210 |
Other Revenue | 864 | 1,388 | 1,222 | 941 | 227 | 832 |
Revenue Before Loan Losses | 78,042 | 70,645 | 61,761 | 54,143 | 53,668 | 59,755 |
Provision for Loan Losses | 214 | 349 | 264 | 532 | 280 | 4 |
| 77,828 | 70,296 | 61,497 | 53,611 | 53,388 | 59,751 | |
Revenue Growth | 18.62% | 14.31% | 14.71% | 0.42% | -10.65% | 24.49% |
Salaries & Employee Benefits | 30,912 | 29,072 | 26,178 | 24,558 | 22,920 | 24,628 |
Cost of Services Provided | 15,633 | 14,981 | 13,999 | 13,102 | 12,655 | 11,761 |
Total Operating Expenses | 46,545 | 44,053 | 40,177 | 37,660 | 35,575 | 36,389 |
Operating Income | 31,283 | 26,243 | 21,320 | 15,951 | 17,813 | 23,362 |
Other Non-Operating Income (Expenses) | -4,773 | -4,064 | -3,674 | -4,095 | -3,574 | -3,644 |
EBT Excluding Unusual Items | 26,510 | 22,179 | 17,646 | 11,856 | 14,239 | 19,718 |
Merger & Restructuring Charges | -322 | -144 | - | - | -133 | - |
Impairment of Goodwill | - | - | - | - | - | -8 |
Asset Writedown | -41 | -81 | -50 | -43 | -17 | -42 |
Pretax Income | 26,147 | 21,954 | 17,596 | 11,813 | 14,089 | 19,668 |
Income Tax Expense | 5,777 | 4,929 | 4,067 | 2,583 | 2,910 | 4,548 |
Earnings From Continuing Ops. | 20,370 | 17,025 | 13,529 | 9,230 | 11,179 | 15,120 |
Net Income to Company | 20,370 | 17,025 | 13,529 | 9,230 | 11,179 | 15,120 |
Minority Interest in Earnings | -215 | -164 | -139 | -143 | -150 | -86 |
Net Income | 20,155 | 16,861 | 13,390 | 9,087 | 11,029 | 15,034 |
Preferred Dividends & Other Adjustments | 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) | 1,581 | 1,592 | 1,611 | 1,646 | 1,713 | 1,814 |
Shares Change | -1.34% | -1.18% | -2.13% | -3.91% | -5.57% | 11.70% |
EPS (Basic) | 12.51 | 10.32 | 8.05 | 5.24 | 6.23 | 8.16 |
EPS (Diluted) | 12.38 | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 |
EPS Growth | 40.18% | 28.43% | 53.47% | -15.77% | -23.41% | 24.30% |
Additional Metrics
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 |
Free Cash Flow | -18,582 | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 |
Free Cash Flow Per Share | -11.76 | -13.06 | -1.30 | -22.45 | -5.53 | 17.45 |
Dividend Per Share | 4.150 | 3.925 | 3.625 | 3.325 | 3.025 | 2.450 |
Dividend Growth | 9.93% | 8.28% | 9.02% | 9.92% | 23.47% | 75.00% |
Operating Margin | 40.20% | 37.33% | 34.67% | 29.75% | 33.37% | 39.10% |
Profit Margin | 25.12% | 23.11% | 20.81% | 15.91% | 19.74% | 24.38% |
Free Cash Flow Margin | -23.88% | -29.57% | -3.42% | -68.92% | -17.75% | 52.99% |
Effective Tax Rate | 22.09% | 22.45% | 23.11% | 21.87% | 20.65% | 23.12% |