Morgan Stanley (MS) Earnings History
Annual and quarterly earnings data from 1989 to 2024
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EPS Growth Rates (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.
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% |
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Morgan Stanley (MS) Earnings Overview
As of February 28, 2026, Morgan Stanley (MS) reported trailing twelve-month net income of $16.18B, reflecting +0.5% year-over-year growth. The company earned $10.16 per diluted share over the past four quarters, with a net profit margin of 0.1%.
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 0.6%, operating margin of 0.2%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including GS ($16.67B net income, 0.1% margin), EVR ($528M net income, 0.1% margin), NMR ($370.05B net income, 0.1% margin), MS has outperformed on profitability metrics. Compare MS vs GS →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
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% |
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Start ComparisonFrequently Asked Questions
Is MS growing earnings?
MS EPS of $10.16 reflects slowing growth at +0.5%, below the 5-year CAGR of +8.9%. TTM net income is $16.2B. Expansion rate has moderated.
What are MS's profit margins?
Morgan Stanley net margin is +0.1%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are MS's earnings?
MS earnings data spans 1989-2024. The current earnings trend is +0.5% YoY. Historical data enables comparison across business cycles.