Skip to main content
logo
Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
211.58
-2.98 (-1.39%)
At close: Jul 28, 2026, 4:00 PM EDT
213.00
+1.42 (0.67%)
After-hours: Jul 28, 2026, 7:58 PM EDT

Morgan Stanley Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 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
Transaction-Based Revenues
4,4843,9794,1353,7393,0693,1923,1812,8842,9182,8162,5252,1462,2452,5692,4872,5062,3703,1743,8884,293
Net Interest Income
2,7802,7032,8552,4912,3472,3532,5522,1962,0671,7961,8971,9772,0102,3462,3192,5102,2822,2162,0892,063
Net Interest Income Growth (YoY)
18.45%14.88%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%
Other Revenues
14,08413,89810,90011,99411,37612,19410,49010,30310,03410,5248,4749,1509,2029,6027,9437,9708,4809,4118,5478,397
Revenue
21,34820,58017,89018,22416,79217,73916,22315,38315,01915,13612,89613,27313,45714,51712,74912,98613,13214,80114,52414,753
Revenue Growth (YoY)
27.13%16.02%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%
Cost of Revenue
9,6519,7988,1918,5838,3788,7437,4697,7777,4557,6176,8166,7907,1377,2916,4666,4616,4287,1566,2986,745
Gross Profit
11,69710,7829,6999,6418,4148,9968,7547,6067,5647,5196,0806,4836,3207,2266,2836,5256,7047,6458,2268,008
Selling, General & Admin
2,7662,5432,7782,5572,5562,4112,6632,4502,4732,2732,5612,3532,4002,3122,5242,2732,2642,1362,3462,095
Other Operating Expenses
1,5831,2281,1611,0561,2361,0411,1859351,0178511,4239851,1081,1549658641,1219219961,039
Operating Income
7,3487,0115,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,874
Pretax Income
7,3487,0115,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,874
Provision for Income Taxes
1,6951,3731,3361,3731,0471,1731,1829959579335557105917275287267838731,1681,150
Net Income
5,6535,6384,4244,6553,5754,3713,7243,2263,1173,4621,5412,4352,2213,0332,2662,6622,5363,7153,7163,724
Minority Interest in Earnings
7271274536561038415024273953303041492017
Net Income Attributable to Preferred Dividends
145156147160147158150160134146134146133144123138104124104123
Net Income to Common
5,4365,4114,2504,4503,3924,1573,5643,0282,9423,2661,3832,2622,0492,8362,1132,4942,3913,5423,5923,584
Net Income Growth (YoY)
60.26%30.17%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%
Shares Outstanding (Basic)
1,5541,5611,5641,5711,5771,5841,5831,5881,5941,6011,6061,6241,6351,6451,6521,6741,7041,7331,7511,781
Shares Outstanding (Diluted)
1,5691,5761,5861,5901,5931,6001,6081,6091,6111,6161,6271,6431,6511,6631,6791,6971,7231,7551,7851,812
Shares Change (YoY)
-1.51%-1.50%-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%
EPS (Basic)
3.503.472.722.832.152.622.251.911.852.040.861.391.251.721.281.491.402.042.052.01
EPS (Diluted)
3.463.432.682.802.132.602.221.881.822.020.851.381.241.701.261.471.392.022.011.98
EPS Growth (YoY)
62.44%31.92%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%

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 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
Free Cash Flow
0-7,852-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-3011,509
Free Cash Flow Growth (YoY)
----561.05%-----------244.16%---
Free Cash Flow Per Share
--4.98-1.97-2.546.95-15.436.79-11.341.042.19-11.481.72-6.37-6.36-8.79-4.968.19-0.24-0.170.83
Dividends Per Share
1.1501.0001.0751.0001.0000.9251.0000.9250.9250.8500.8500.8500.8500.7750.7750.7750.7750.7000.7000.700
Dividend Growth (YoY)
15.00%8.11%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%
Gross Margin
54.79%52.39%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%
Operating Margin
34.42%34.07%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%
Profit Margin
26.48%27.40%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%
FCF Margin
0.00%-38.15%-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%
EBITDA
7,3487,7256,8987,3765,9296,4096,5515,4915,3455,3703,5024,1333,7344,7004,0014,3164,2405,5306,1215,909
EBITDA Margin
34.42%37.54%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%
EBIT
7,3487,0115,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,8844,874
EBIT Margin
34.42%34.07%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%
Effective Tax Rate
23.07%19.58%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%
SEC Filings: 10-K · 10-Q