Morgan Stanley (MS) Earnings History
Annual and quarterly earnings data from 1989 to 2024
Loading earnings history...
MS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 55.6% | 17.1% | 13.0% |
| 2023 | 56.8% | 13.4% | 10.3% |
| 2022 | 79.9% | 22.6% | 17.7% |
| 2021 | 97.6% | 34.0% | 26.0% |
| 2020 | 90.7% | 29.0% | 22.1% |
Download Data
Export MS earnings history in CSV or JSON format
Free sign-in required to download data
Morgan Stanley (MS) Earnings Overview
As of May 7, 2026, Morgan Stanley (MS) reported trailing twelve-month net income of $16.18B, reflecting +53.5% year-over-year growth. The company earned $10.16 per diluted share over the past four quarters, with a net profit margin of 13.0%.
Looking at the long-term picture, MS's 5-year EPS compound annual growth rate (CAGR) stands at +8.9%, showing solid earnings momentum. The company achieved its highest annual net income of $15.03B in fiscal 2021.
Morgan Stanley maintains positive profitability with a gross margin of 55.6%, operating margin of 17.1%, and net margin of 13.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GS ($16.67B net income, 11.3% margin), JPM ($58.03B net income, 21.6% margin), BAC ($30.63B net income, 16.2% margin), MS has outperformed on profitability metrics. Compare MS vs GS →
MS Earnings vs Peers
Earnings metrics vs comparable public companies
MS Historical Earnings Data (1989–2024)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $13.39B | +47.4% | $17.60B | $7.95 | 13.0% | 17.1% |
| 2023 | $9.09B | -17.6% | $11.81B | $5.18 | 10.3% | 13.4% |
| 2022 | $11.03B | -26.6% | $14.09B | $6.15 | 17.7% | 22.6% |
| 2021 | $15.03B | +36.7% | $19.67B | $8.03 | 26.0% | 34.0% |
| 2020 | $11.00B | +21.6% | $14.42B | $6.46 | 22.1% | 29.0% |
| 2019 | $9.04B | +3.4% | $11.30B | $5.19 | 17.6% | 22.0% |
| 2018 | $8.75B | +43.2% | $11.24B | $4.73 | 18.3% | 23.5% |
| 2017 | $6.11B | +2.2% | $10.40B | $3.08 | 14.7% | 25.0% |
| 2016 | $5.98B | -2.4% | $8.85B | $2.92 | 16.6% | 24.6% |
| 2015 | $6.13B | +76.7% | $8.49B | $2.91 | 17.0% | 23.6% |
Full MS Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Should I Buy MS Right Now?
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
See MS's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MS Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MS vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonMS — Frequently Asked Questions
Quick answers to the most common questions about buying MS stock.
Is MS growing earnings?
MS EPS is $10.16, with earnings growth accelerating to +53.5%. This exceeds the 5-year CAGR of +8.9%. TTM net income reached $16.2B.
What are MS's profit margins?
Morgan Stanley net margin is +13.0%, with operating margin at +17.1%. Margins sit within typical range for the sector.
How consistent are MS's earnings?
MS earnings data spans 1989-2024. The accelerating earnings trend is +53.5% YoY. Historical data enables comparison across business cycles.