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Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
189.50
+1.94 (1.03%)
Nov 11, 2026, 10:42 AM EST - Market open

Morgan Stanley Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Interest and Dividend Income
16,14916,12815,41915,17415,83015,29314,11713,70614,50013,68613,06713,01912,27011,00810,1259,3175,9333,6352,7253,043
Total Interest Expense
12,93813,12212,57012,09912,96512,55811,39510,93911,98911,46211,13410,93310,1498,9037,6346,9133,5911,330434322
Net Interest Income
3,2113,0062,8493,0752,8652,7352,7222,7672,5112,2241,9332,0862,1212,1052,4912,4042,3422,3052,2912,721
Brokerage Commission
1,6671,8331,6901,5571,4731,4251,4811,3901,2941,1831,2271,1101,0981,0901,2391,1691,1331,2201,4161,307
Trading & Principal Transactions
5,6016,7236,7303,6805,0204,7455,1113,7784,0024,1314,8523,3053,6793,8024,4773,0173,3313,5973,9832,394
Asset Management Fee
7,2546,9126,7306,7886,4415,9535,9636,0595,7475,4245,2695,0415,0314,8174,7284,8034,7444,9125,1195,395
Underwriting & Investment Banking Fee
2,3612,6512,2892,5782,2661,6441,7111,7911,5901,7351,5891,4151,0481,1551,3301,3181,3731,1501,7582,581
Gain on Sale of Investments (Rev)
168563-15---43-1519-114177144256
Other Revenue
228215287206156290736438239322223-462774992113156-6619270
Revenue Before Loan Losses
20,33821,34820,58017,89018,22416,79217,73916,22315,38315,01915,13612,89613,27313,45714,51712,74912,98613,13214,80114,524
Provision for Loan Losses
148989818-1961351157976-631341612348735101575
Revenue
20,19021,25020,48217,87218,22416,59617,60416,10815,30414,94315,14212,89313,13913,29614,28312,66212,95113,03114,74414,519
Revenue Growth (YoY)
10.79%28.04%16.35%10.95%19.08%11.06%16.26%24.94%16.48%12.39%6.01%1.82%1.45%2.03%-3.13%-12.79%-12.07%-11.27%-6.78%6.81%
Salaries & Employee Benefits
7,9978,1878,3647,0637,4427,1907,5216,2896,7336,4606,6965,9065,9356,2626,4105,6155,6145,5506,2745,385
Cost of Services Provided
4,3184,2303,7993,9063,6983,7443,6333,8433,4943,4683,1943,4263,2083,2753,1933,3753,1203,1423,0183,157
Total Operating Expenses
12,31512,41712,16310,96911,14010,93411,15410,13210,2279,9289,8909,3329,1439,5379,6038,9908,7348,6929,2928,542
Operating Income
7,8758,8338,3196,9037,0845,6626,4505,9765,0775,0155,2523,5613,9963,7594,6803,6724,2174,3395,4525,977
Other Non-Operating Income (Expenses)
-1,383-1,480-1,129-1,115-1,048-999-901-1,032-846-939-857-1,144-849-936-920-871-827-1,015-861-809
EBT Excluding Unusual Items
6,4927,3537,1905,7886,0364,6635,5494,9444,2314,0764,3952,4173,1472,8233,7602,8013,3903,3244,5915,168
Merger & Restructuring Charges
---178---------353--------102
Asset Writedown
-14-5-1-28-8-41-5-38-10-2--27-2-11--7-2-5-3-25
Legal Settlements
------------249--------157
Other Unusual Items
-----------308--------
Pretax Income
6,4787,3487,0115,7606,0284,6225,5444,9064,2214,0744,3952,0963,1452,8123,7602,7943,3883,3194,5884,884
Income Tax Expense
1,5091,6951,3731,3361,3731,0471,1731,1829959579335557105917275287267838731,168
Earnings From Continuing Ops.
4,9695,6535,6384,4244,6553,5754,3713,7243,2263,1173,4621,5412,4352,2213,0332,2662,6622,5363,7153,716
Net Income to Company
4,9695,6535,6384,4244,6553,5754,3713,7243,2263,1173,4621,5412,4352,2213,0332,2662,6622,5363,7153,716
Minority Interest in Earnings
-60-72-71-27-45-36-56-10-38-41-50-24-27-39-53-30-30-41-49-20
Net Income
4,9095,5815,5674,3974,6103,5394,3153,7143,1883,0763,4121,5172,4082,1822,9802,2362,6322,4953,6663,696
Preferred Dividends & Other Adjustments
158145156147160147158150160134146134146133144123138104124104
Net Income to Common
4,7515,4365,4114,2504,4503,3924,1573,5643,0282,9423,2661,3832,2622,0492,8362,1132,4942,3913,5423,592
Net Income Growth (YoY)
6.76%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%
Shares Outstanding (Basic)
1,5481,5541,5611,5641,5711,5771,5841,5831,5881,5941,6011,6071,6241,6351,6451,6521,6741,7041,7331,751
Shares Outstanding (Diluted)
1,5661,5691,5761,5861,5901,5931,6001,6081,6091,6111,6161,6251,6431,6511,6631,6791,6971,7231,7551,785
Shares Change (YoY)
-1.51%-1.51%-1.50%-1.37%-1.18%-1.12%-0.99%-1.05%-2.07%-2.42%-2.83%-3.22%-3.18%-4.18%-5.24%-5.94%-6.35%-6.41%-3.46%-0.94%
EPS (Basic)
3.073.503.472.722.832.152.622.251.911.852.040.861.391.251.721.281.491.402.042.05
EPS (Diluted)
3.033.463.432.682.802.132.602.221.881.822.020.841.381.241.701.261.471.392.022.01
EPS Growth (YoY)
8.21%62.44%31.92%20.72%48.94%17.03%28.71%163.62%36.23%46.77%18.82%-33.19%-6.12%-10.79%-15.84%-37.24%-25.76%-24.87%-7.76%11.02%

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Free Cash Flow
-46,969-3,566-7,852-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-301
Free Cash Flow Per Share
-29.99-2.27-4.98-1.97-2.546.95-15.436.79-11.341.042.19-11.501.73-6.37-6.36-8.79-4.968.19-0.23-0.17
Dividend Per Share
1.1501.1501.0001.0751.0001.0000.9251.0000.9250.9250.8500.8500.8500.8500.7750.7750.7750.7750.7000.700
Dividend Growth (YoY)
15.00%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%
Operating Margin
39.00%41.57%40.62%38.63%38.87%34.12%36.64%37.10%33.17%33.56%34.69%27.62%30.41%28.27%32.77%29.00%32.56%33.30%36.98%41.17%
Profit Margin
23.53%25.58%26.42%23.78%24.42%20.44%23.61%22.13%19.79%19.69%21.57%10.73%17.22%15.41%19.86%16.69%19.26%18.35%24.02%24.74%
Free Cash Flow Margin
-232.64%-16.78%-38.34%-17.45%-22.20%66.68%-140.25%67.80%-119.18%11.20%23.41%-144.89%21.57%-79.10%-74.10%-116.62%-64.94%108.31%-2.80%-2.07%
Effective Tax Rate
23.29%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%
SEC Filings: 10-K · 10-Q