Morgan Stanley (MS) quarterly income statement — complete revenue, gross profit & net income history
Morgan Stanley (MS) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 2.7B | 2.85B | 2.49B | 2.35B | 2.35B | 2.55B | 2.2B | 2.07B | 1.8B | 1.9B | 1.98B | 2.01B | 2.35B | 2.32B | 2.51B | 2.28B | 2.22B | 2.09B | 2.06B | 1.86B |
| NII Growth % | 14.87% | 11.87% | 13.43% | 13.55% | 31.01% | 34.53% | 11.08% | 2.84% | -23.44% | -18.2% | -21.24% | -11.92% | 5.87% | 11.01% | 21.67% | 22.36% | 9.27% | 11.65% | 38.83% | 16.56% |
| Net Interest Margin % | 0.17% | 0.2% | 0.18% | 0.17% | 0.18% | 0.21% | 0.17% | 0.17% | 0.15% | 0.16% | 0.17% | 0.17% | 0.2% | 0.2% | 0.22% | 0.19% | 0.18% | 0.18% | 0.17% | 0.16% |
| Interest Income | 15.27B | 14.95B | 15.46B | 14.9B | 13.75B | 13.49B | 14.19B | 13.53B | 12.93B | 14.06B | 12.13B | 10.91B | 9.98B | 9.23B | 6.1B | 3.61B | 2.65B | 2.41B | 2.35B | 2.21B |
| Interest Expense | 12.57B | 12.1B | 12.96B | 12.56B | 11.39B | 10.94B | 11.99B | 11.46B | 11.13B | 12.16B | 10.15B | 8.9B | 7.63B | 6.91B | 3.59B | 1.33B | 434M | 322M | 288M | 347M |
| Loan Loss Provision | 98M | 18M | 0 | 196M | 135M | 115M | 79M | 76M | -6M | 3M | 134M | 161M | 234M | 87M | 35M | 101M | 57M | 5M | 24M | 73M |
| Non-Interest Income | 17.88B | 13.91B | 14.59B | 13.26B | 14.16B | 12.49B | 12.14B | 11.96B | 12.42B | 10.13B | 10.44B | 10.57B | 11.29B | 9.58B | 9.63B | 9.97B | 11.7B | 11.62B | 11.87B | 12.1B |
| Non-Interest Income % | 86.87% | 82.97% | 85.42% | 84.96% | 85.75% | 83.04% | 84.69% | 85.26% | 87.37% | 84.23% | 84.08% | 84.02% | 82.8% | 80.51% | 79.32% | 81.38% | 84.08% | 84.77% | 85.19% | 86.64% |
| Total Net Revenue | 20.58B | 16.76B | 17.08B | 15.6B | 16.52B | 15.04B | 14.34B | 14.02B | 14.21B | 12.03B | 12.42B | 12.58B | 13.64B | 11.9B | 12.14B | 12.25B | 13.92B | 13.71B | 13.93B | 13.96B |
| Revenue Growth % | 24.6% | 11.43% | 19.14% | 11.27% | 16.19% | 25.04% | 15.47% | 11.46% | 4.25% | 1.12% | 2.3% | 2.68% | -2.03% | -13.24% | -12.84% | -12.25% | -6.01% | 6.6% | 26.34% | 7.88% |
| Non-Interest Expense | 13.47B | 10.98B | 11.05B | 10.79B | 10.84B | 10.02B | 10.04B | 9.87B | 9.83B | 9.93B | 9.14B | 9.61B | 9.64B | 9.02B | 8.72B | 8.83B | 9.27B | 8.82B | 9.03B | 9.32B |
| Efficiency Ratio | 65.46% | 65.53% | 64.71% | 69.12% | 65.62% | 66.62% | 70.01% | 70.41% | 69.12% | 82.55% | 73.59% | 76.37% | 70.71% | 75.79% | 71.8% | 72.09% | 66.63% | 64.35% | 64.83% | 66.78% |
| Operating Income | 7.01B | 5.76B | 6.03B | 4.62B | 5.54B | 4.91B | 4.22B | 4.07B | 4.39B | 2.1B | 3.15B | 2.81B | 3.76B | 2.79B | 3.39B | 3.32B | 4.59B | 4.88B | 4.87B | 4.57B |
| Operating Margin % | 34.07% | 34.36% | 35.29% | 29.62% | 33.57% | 32.61% | 29.44% | 29.05% | 30.92% | 17.42% | 25.33% | 22.35% | 27.57% | 23.48% | 27.91% | 27.09% | 32.96% | 35.62% | 34.99% | 32.7% |
| Operating Income Growth % | 26.46% | 17.41% | 42.81% | 13.45% | 26.14% | 134.06% | 34.21% | 44.88% | 16.89% | -24.98% | -7.17% | -15.28% | -18.05% | -42.79% | -30.49% | -27.31% | -14.15% | 10.25% | 39.78% | 4.84% |
| Pretax Income | 7.01B | 5.76B | 6.03B | 4.62B | 5.54B | 4.91B | 4.22B | 4.07B | 4.39B | 2.1B | 3.15B | 2.81B | 3.76B | 2.79B | 3.39B | 3.32B | 4.59B | 4.88B | 4.87B | 4.57B |
| Pretax Margin % | 34.07% | 34.36% | 35.29% | 29.62% | 33.57% | 32.61% | 29.44% | 29.05% | 30.92% | 17.42% | 25.33% | 22.35% | 27.57% | 23.48% | 27.91% | 27.09% | 32.96% | 35.62% | 34.99% | 32.7% |
| Income Tax | 1.37B | 1.34B | 1.37B | 1.05B | 1.17B | 1.18B | 995M | 957M | 933M | 555M | 710M | 591M | 727M | 528M | 726M | 783M | 873M | 1.17B | 1.15B | 1.05B |
| Effective Tax Rate % | 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% | 18.9% | 21.43% | 23.59% | 19.03% | 23.91% | 23.59% | 23.08% |
| Net Income | 5.64B | 4.4B | 4.61B | 3.54B | 4.32B | 3.71B | 3.19B | 3.08B | 3.41B | 1.52B | 2.41B | 2.18B | 2.98B | 2.24B | 2.63B | 2.5B | 3.67B | 3.7B | 3.71B | 3.51B |
| Net Margin % | 27.4% | 26.23% | 26.99% | 22.68% | 26.12% | 24.69% | 22.23% | 21.93% | 24% | 12.61% | 19.39% | 17.34% | 21.85% | 18.79% | 21.68% | 20.36% | 26.34% | 26.95% | 26.62% | 25.14% |
| Net Income Growth % | 30.66% | 18.39% | 44.6% | 15.05% | 26.47% | 144.83% | 32.39% | 40.97% | 14.5% | -32.16% | -8.51% | -12.55% | -18.71% | -39.5% | -29% | -28.94% | -11.02% | 9.19% | 36.44% | 9.86% |
| Net Income (Continuing) | 5.64B | 4.42B | 4.66B | 3.58B | 4.37B | 3.72B | 3.23B | 3.12B | 3.46B | 1.54B | 2.44B | 2.22B | 3.03B | 2.27B | 2.66B | 2.54B | 3.71B | 3.72B | 3.72B | 3.51B |
| EPS (Diluted) | 3.40 | 2.67 | 2.80 | 2.13 | 2.60 | 2.22 | 1.88 | 1.82 | 2.02 | 0.85 | 1.38 | 1.24 | 1.70 | 1.26 | 1.47 | 1.39 | 2.02 | 2.01 | 1.98 | 1.85 |
| EPS Growth % | 30.77% | 20.27% | 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% | -24.86% | -7.76% | 11.05% | 19.28% | -5.61% |
| EPS (Basic) | 3.44 | 2.71 | 2.83 | 2.15 | 2.62 | 2.25 | 1.91 | 1.85 | 2.04 | 0.86 | 1.39 | 1.25 | 1.72 | 1.28 | 1.49 | 1.40 | 2.04 | 2.05 | 2.01 | 1.88 |
| Diluted Shares Outstanding | 1.59B | 1.59B | 1.59B | 1.59B | 1.6B | 1.61B | 1.61B | 1.61B | 1.62B | 1.63B | 1.64B | 1.65B | 1.66B | 1.68B | 1.7B | 1.72B | 1.75B | 1.78B | 1.81B | 1.84B |