Income Statement - MORGAN STANLEY (MS)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 114.98 | 103.15 | 88.29 | 62.48 | 57.78 | 49.68 | 51.45 | 47.80 | 41.55 | 36.03 | 36.01 | 36.15 | 35.21 | 30.54 | 37.48 | 35.77 | 28.29 | 53.93 | 82.27 | 69.39 |
| Cost of revenue | 49.37 | 45.79 | 38.15 | 12.55 | 1.37 | 4.61 | 12.57 | 10.09 | 5.70 | 3.32 | 2.74 | 3.68 | 4.43 | 5.90 | 6.88 | 6.41 | 6.69 | 36.26 | 57.28 | 41.65 |
| Gross profit | 65.62 | 57.36 | 50.14 | 49.93 | 56.41 | 45.07 | 38.88 | 37.71 | 35.85 | 32.71 | 33.26 | 32.47 | 30.78 | 24.64 | 30.59 | 29.36 | 21.60 | 17.66 | 24.99 | 27.74 |
| Total operating expenses | 43.66 | 39.76 | 38.32 | 35.84 | 36.74 | 30.65 | 27.58 | 26.48 | 25.45 | 23.86 | 24.77 | 28.88 | 26.22 | 24.05 | 24.48 | 23.16 | 20.47 | 16.41 | 22.21 | 18.67 |
| Operating income | 21.95 | 17.60 | 11.81 | 14.09 | 19.67 | 14.42 | 11.30 | 11.24 | 10.40 | 8.85 | 8.50 | 3.59 | 4.56 | 0.60 | 6.11 | 6.20 | 1.13 | 1.25 | 2.78 | 9.06 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.67 | 0.00 |
| Income before tax | 21.95 | 17.60 | 11.81 | 14.09 | 19.67 | 14.42 | 11.30 | 11.24 | 10.40 | 8.85 | 8.50 | 3.59 | 4.56 | 0.60 | 6.11 | 6.20 | 1.13 | 1.25 | 3.44 | 9.06 |
| Income tax expense | 4.93 | 4.07 | 2.58 | 2.91 | 4.55 | 3.24 | 2.06 | 2.35 | 4.17 | 2.73 | 2.20 | -0.09 | 0.90 | -0.16 | 1.41 | 0.74 | -0.30 | 0.02 | 0.83 | 2.73 |
| Net income | 16.86 | 13.39 | 9.09 | 11.03 | 15.03 | 11.00 | 9.04 | 8.75 | 6.11 | 5.98 | 6.13 | 3.47 | 2.93 | 0.07 | 4.09 | 4.70 | 1.35 | 1.71 | 3.21 | 7.47 |
Show Quarterly Income Statement
Income Statement - MORGAN STANLEY (MS)
$(Billion, Million)| 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 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 33.15 | 28.86 | 30.05 | 28.16 | 27.91 | 25.98 | 26.33 | 25.49 | 25.35 | 24.19 | 22.57 | 21.49 | 21.27 | 18.81 | 15.73 | 13.58 | 14.35 | 14.04 | 14.22 | 14.31 | 15.22 | 13.24 | 11.59 | 13.70 | 11.19 | 12.74 | 12.53 | 13.09 | 12.97 | 11.07 | 12.00 | 12.39 | 12.34 | 10.55 | 10.23 | 10.33 | 10.43 | 9.53 | 9.15 | 9.18 | 8.18 | 7.76 | 7.97 | 9.94 | 10.33 | 8.13 | 9.30 | 9.13 | 9.59 | 8.21 | 8.69 | 9.12 | 8.93 | 6.52 | 6.46 | 8.02 | 8.12 | 5.23 | 11.42 | 11.24 | 9.43 | 7.54 | 8.53 | 9.57 | 10.44 | 5.70 | 9.82 | 7.04 | 5.21 | 3.17 | 16.71 | 16.54 | 21.18 | 13.06 | 21.23 | 26.20 | 24.68 | 18.17 | 18.63 | 18.82 | 18.17 |
| Cost of revenue | 12.67 | 12.12 | 12.97 | 12.75 | 11.53 | 11.05 | 12.07 | 11.54 | 11.13 | 12.16 | 10.28 | 9.06 | 7.87 | 7.00 | 3.63 | 1.43 | 0.49 | 0.33 | 0.31 | 0.42 | 0.31 | 0.37 | 0.68 | 1.00 | 2.55 | 2.52 | 3.13 | 3.48 | 3.28 | 3.12 | 2.69 | 2.39 | 1.89 | 1.59 | 1.56 | 1.36 | 1.19 | 0.99 | 0.73 | 0.75 | 0.85 | 0.48 | 0.69 | 0.69 | 0.89 | 0.83 | 0.83 | 0.98 | 1.04 | 0.80 | 1.15 | 1.06 | 1.21 | 1.30 | 1.53 | 1.48 | 1.60 | 1.42 | 1.61 | 2.03 | 1.85 | 1.69 | 1.75 | 1.61 | 1.37 | 1.05 | 1.35 | 1.85 | 2.31 | 6.00 | 8.65 | 10.01 | 12.86 | 15.16 | 13.27 | 15.88 | 13.68 | 10.85 | 11.78 | 10.10 | 9.62 |
| Gross profit | 20.48 | 16.74 | 17.08 | 15.41 | 16.38 | 14.93 | 14.26 | 13.95 | 14.22 | 12.03 | 12.28 | 12.42 | 13.40 | 11.81 | 12.10 | 12.15 | 13.86 | 13.71 | 13.90 | 13.89 | 14.91 | 12.86 | 10.91 | 12.71 | 8.63 | 10.22 | 9.40 | 9.61 | 9.69 | 7.95 | 9.31 | 10.00 | 10.45 | 8.96 | 8.68 | 8.98 | 9.24 | 8.54 | 8.42 | 8.43 | 7.33 | 7.28 | 7.28 | 9.26 | 9.44 | 7.30 | 8.47 | 8.15 | 8.55 | 7.41 | 7.54 | 8.06 | 7.72 | 5.22 | 4.92 | 6.54 | 6.52 | 3.82 | 9.81 | 9.21 | 7.57 | 5.84 | 6.78 | 7.96 | 9.07 | 4.65 | 8.47 | 5.20 | 2.90 | -2.83 | 8.06 | 6.53 | 8.32 | -2.11 | 7.96 | 10.32 | 11.00 | 7.32 | 6.85 | 8.73 | 8.55 |
| Total operating expenses | 13.47 | 10.98 | 11.06 | 10.79 | 10.84 | 10.02 | 10.04 | 9.87 | 9.83 | 9.93 | 9.14 | 9.61 | 9.64 | 9.02 | 8.72 | 8.83 | 9.27 | 8.82 | 9.03 | 9.33 | 9.56 | 8.43 | 7.43 | 8.35 | 6.49 | 7.49 | 6.69 | 6.71 | 6.74 | 6.09 | 6.46 | 6.89 | 7.03 | 6.49 | 6.19 | 6.34 | 6.43 | 6.30 | 6.04 | 5.94 | 5.59 | 5.84 | 5.81 | 6.53 | 6.59 | 10.23 | 6.25 | 6.22 | 6.18 | 7.63 | 6.18 | 6.26 | 6.14 | 4.37 | 6.40 | 5.60 | 6.32 | 4.20 | 6.13 | 7.24 | 6.67 | 4.65 | 5.98 | 6.26 | 6.56 | 3.48 | 6.98 | 5.78 | 3.53 | 0.53 | 6.10 | 5.06 | 6.11 | 3.63 | 5.71 | 6.82 | 7.18 | 4.28 | 4.59 | 5.84 | 6.16 |
| Operating income | 7.01 | 5.76 | 6.03 | 4.62 | 5.54 | 4.91 | 4.22 | 4.07 | 4.40 | 2.10 | 3.15 | 2.81 | 3.76 | 2.79 | 3.39 | 3.32 | 4.59 | 4.88 | 4.87 | 4.57 | 5.34 | 4.43 | 3.49 | 4.36 | 2.15 | 2.73 | 2.71 | 2.90 | 2.96 | 1.86 | 2.85 | 3.11 | 3.42 | 2.47 | 2.48 | 2.64 | 2.81 | 2.25 | 2.38 | 2.48 | 1.74 | 1.44 | 1.47 | 2.73 | 2.86 | -2.93 | 2.22 | 1.93 | 2.37 | -0.21 | 1.37 | 1.80 | 1.58 | 0.85 | -1.48 | 0.94 | 0.20 | -0.38 | 3.69 | 1.97 | 0.90 | 1.19 | 0.80 | 1.70 | 2.52 | 1.17 | 1.49 | -0.58 | -0.63 | -3.35 | 1.96 | 1.47 | 2.22 | -5.74 | 2.25 | 3.50 | 3.82 | 3.04 | 2.26 | 2.89 | 2.39 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.74 | 0.00 | 0.00 | 0.00 | -0.16 | 0.00 | 0.00 | 0.00 |
| Income before tax | 7.01 | 5.76 | 6.03 | 4.62 | 5.54 | 4.91 | 4.22 | 4.07 | 4.40 | 2.10 | 3.15 | 2.81 | 3.76 | 2.79 | 3.39 | 3.32 | 4.59 | 4.88 | 4.87 | 4.57 | 5.34 | 4.43 | 3.49 | 4.36 | 2.15 | 2.73 | 2.71 | 2.90 | 2.96 | 1.86 | 2.85 | 3.11 | 3.42 | 2.47 | 2.48 | 2.64 | 2.81 | 2.25 | 2.38 | 2.48 | 1.74 | 1.44 | 1.47 | 2.73 | 2.86 | -2.93 | 2.22 | 1.93 | 2.37 | -0.21 | 1.37 | 1.80 | 1.58 | 0.85 | -1.48 | 0.94 | 0.20 | -0.38 | 3.69 | 1.97 | 0.90 | 1.19 | 0.80 | 1.70 | 2.52 | 1.17 | 1.49 | -0.58 | -0.63 | -3.35 | 1.96 | 1.47 | 2.22 | -6.48 | 2.25 | 3.50 | 3.82 | 2.88 | 2.26 | 2.89 | 2.39 |
| Income tax expense | 1.37 | 1.34 | 1.37 | 1.05 | 1.17 | 1.18 | 1.00 | 0.96 | 0.93 | 0.56 | 0.71 | 0.59 | 0.73 | 0.53 | 0.73 | 0.78 | 0.87 | 1.17 | 1.15 | 1.05 | 1.18 | 1.02 | 0.74 | 1.12 | 0.37 | 0.43 | 0.49 | 0.66 | 0.49 | 0.30 | 0.70 | 0.64 | 0.71 | 1.81 | 0.70 | 0.85 | 0.82 | 0.57 | 0.75 | 0.83 | 0.58 | 0.50 | 0.42 | 0.89 | 0.39 | -1.35 | 0.46 | 0.02 | 0.79 | -0.40 | 0.36 | 0.57 | 0.33 | 0.01 | -0.53 | 0.22 | 0.05 | -0.28 | 1.42 | 0.54 | -0.24 | 0.09 | -0.02 | 0.24 | 0.44 | 0.28 | 0.52 | -0.32 | -0.60 | -1.16 | 0.53 | 0.44 | 0.67 | -2.60 | 0.77 | 1.14 | 1.26 | 0.21 | 0.68 | 1.06 | 0.79 |
| Net income | 5.64 | 4.40 | 4.61 | 3.54 | 4.32 | 3.71 | 3.19 | 3.08 | 3.41 | 1.52 | 2.41 | 2.18 | 2.98 | 2.24 | 2.63 | 2.50 | 3.67 | 3.70 | 3.71 | 3.51 | 4.12 | 3.39 | 2.72 | 3.20 | 1.70 | 2.24 | 2.17 | 2.20 | 2.43 | 1.53 | 2.11 | 2.44 | 2.67 | 0.64 | 1.78 | 1.76 | 1.93 | 1.67 | 1.60 | 1.58 | 1.13 | 0.91 | 1.02 | 1.81 | 2.39 | -1.63 | 1.69 | 1.90 | 1.51 | 0.08 | 0.91 | 0.98 | 0.96 | 0.59 | -1.02 | 0.59 | -0.09 | -0.25 | 2.20 | 1.19 | 0.97 | 0.84 | 0.13 | 1.96 | 1.78 | 0.62 | 0.76 | 0.15 | -0.18 | -2.30 | 1.43 | 1.03 | 1.55 | -3.59 | 1.54 | 2.58 | 2.67 | 2.21 | 1.85 | 1.84 | 1.57 |