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Morgan Stanley MS
$ 212.14 -1.09%
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Quarterly report 2026-Q1
added 05-05-2026

Morgan Stanley Income Statement 2025-2011 | MS

Brief overview of profit and loss at Morgan Stanley

The comparison covers a five-year financial horizon. Revenue at Morgan Stanley moved from $32.5 billion in 2014 to $38.9 billion in 2019. The cumulative result was +19.9%, corresponding to roughly 3.7% per year. Sales changed only slightly and remained broadly flat.

The net result moved from 3.5 billion dollars to 9 billion dollars, or +160.8%. The final year delivered the highest net income in the period.

Market capitalization changed from 65.1 billion dollars to 87 billion dollars (+33.8%). Capitalization grew more slowly than the underlying results.

Overall conclusion

The five-year picture requires weighing both strengths and weaknesses. Key strengths include net-income growth. The main areas of concern are a softer top-line trend. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Morgan Stanley

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

274 B 209 B 140 B 165 B 182 B 97.3 B 87 B 73.1 B 101 B 79.7 B 49.4 B 65.1 B 57.1 B 43.3 B 30.1 B

Shares

1.57 B 1.59 B 1.63 B 1.69 B 1.78 B 1.6 B 1.62 B 1.71 B 1.78 B 1.85 B 1.91 B 1.92 B 1.91 B 1.89 B 1.66 B

Historical Prices

174 131 85.9 97.6 102 60.7 45.9 36.1 47.3 34.8 20.7 26.6 23 17.7 14.2

Net Income

16.9 B 13.4 B 9.09 B 11 B 15 B 11 B 9.04 B 8.75 B 6.11 B 5.98 B 6.13 B 3.47 B 2.93 B 68 M 4.11 B

Revenue

- - - - - - 38.9 B 37.7 B 35.9 B 32.7 B 33.3 B 32.5 B 30.7 B 24.6 B 32.4 B

Cost of Revenue

29.2 B 26.2 B 24.6 B 23.1 B 24.6 B 20.9 B 18.8 B 17.6 B 17.2 B 15.9 B 16 B 17.8 B 16.3 B 15.6 B 16.3 B

Interest Expense

10 B 8.61 B 8.23 B 9.33 B 1.37 B 3.85 B 12.4 B 10.1 B 5.7 B 3.32 B 2.74 B 3.68 B 4.43 B 5.9 B 6.88 B

EBITDA

4.66 B 5.16 B 4.26 B 4 B 4.22 B 3.77 B - - - - - - - - -

Operating Expenses

- - - - - - 30.1 B 28.9 B 27.5 B 25.8 B 26.7 B 30.7 B 27.9 B 25.6 B 26.1 B

General and Administrative Expenses

- - - - - - 21 B 19.6 B 19 B 17.7 B 17.8 B 19.5 B 18 B 17.5 B 18.2 B

All numbers in USD currency

Quarterly Income Statement Morgan Stanley

2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

1.56 B 1.58 B 1.57 B 1.58 B 1.58 B 1.61 B 1.59 B 1.59 B 1.6 B 1.63 B 1.62 B 1.64 B 1.64 B 1.68 B 1.67 B 1.7 B 1.73 B 1.77 B 1.78 B 1.81 B 1.8 B 1.81 B 1.54 B 1.54 B 1.56 B 1.59 B 1.6 B 1.63 B 1.66 B 1.7 B 1.7 B 1.72 B 1.74 B 1.79 B 1.78 B 1.79 B 1.8 B 1.85 B 1.84 B 1.87 B 1.88 B 1.92 B 1.9 B 1.92 B 1.92 B 1.95 B 1.92 B 1.93 B 1.92 B 1.94 B 1.91 B 1.91 B 1.9 B 1.94 B 1.89 B 1.89 B 1.88 B 1.93 B 1.85 B 1.46 B 1.46 B

Net Income

5.57 B - 4.61 B 3.54 B 4.32 B - 3.19 B 3.08 B 3.41 B - 2.41 B 2.18 B 2.98 B - 2.63 B 2.5 B 3.67 B - 3.71 B 3.51 B 4.12 B 3.38 B 2.72 B 3.2 B 1.7 B 2.24 B 2.17 B 2.2 B 2.43 B 1.53 B 2.11 B 2.44 B 2.67 B 643 M 1.78 B 1.76 B 1.93 B 1.67 B 1.6 B 1.58 B 1.13 B 908 M 1.02 B 1.81 B 2.39 B -1.63 B 1.69 B 1.9 B 1.5 B 84 M 906 M 980 M 962 M 594 M -1.02 B 591 M -94 M -250 M 2.2 B 1.19 B 968 M

Revenue

- - - - - - - - - - - - - - - - 777 M - 643 M 608 M 849 M - 529 M 629 M 445 M - 579 M 509 M 475 M - 440 M 417 M 424 M - 313 M 304 M 326 M - 289 M -14 M 15 M - 35 M 9.74 B 9.91 B 7.76 B 8.91 B 8.61 B 9 B 7.84 B 7.96 B 8.52 B 8.15 B 6.96 B 5.28 B 6.94 B 6.92 B 5.68 B 9.81 B 9.21 B 7.57 B

Cost of Revenue

8.54 B - 7.44 B 7.19 B 7.52 B - 6.73 B 6.46 B 6.7 B - 5.94 B 6.26 B 6.41 B - 5.61 B 5.55 B 6.27 B - 5.92 B 6.42 B 6.8 B - 5.09 B 6.04 B 4.28 B - 4.43 B 4.53 B 4.65 B - 4.31 B 4.62 B 4.91 B - 4.17 B 4.25 B 4.47 B - 4.1 B 4.02 B 3.68 B - 3.44 B 4.4 B 4.52 B - 4.21 B 4.2 B 4.31 B - 3.97 B 4.1 B 4.21 B - 3.93 B 3.63 B 4.43 B - 3.64 B 4.62 B 4.28 B

Interest Expense

2.7 B - 2.49 B 2.35 B 2.35 B - 2.2 B 2.07 B 1.8 B - 1.98 B 2.01 B 7.63 B - 3.59 B 1.33 B 434 M - 288 M 347 M 409 M 1.87 B 570 M 758 M 2.15 B 1.43 B 3.13 B 3.48 B 3.28 B 989 M 2.69 B 2.39 B 1.88 B 995 M 1.56 B 1.36 B 1.19 B 883 M 731 M 754 M 848 M 1.04 B 689 M 688 M 888 M 603 M 827 M 983 M 1.04 B 282 M 1.15 B 1.06 B 1.21 B 173 M 1.53 B 1.48 B 1.6 B 270 M 1.61 B 2.03 B 1.85 B

EBITDA

714 M - - - 865 M - - - 975 M - - - 940 M - 2.79 B - 942 M - 2.98 B - 887 M - 2.36 B 1.51 B 824 M - 1.99 B 1.33 B 658 M - 1.38 B 907 M 390 M - 1.34 B 889 M 434 M - 1.36 B 879 M 415 M - 1.02 B 654 M 321 M - 748 M 612 M 326 M - 1.08 B 716 M 360 M - 1.22 B 793 M 375 M - 1.19 B 759 M 379 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Morgan Stanley (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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