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 | 114,983.00 | 103,145.00 | 88,286.00 | 62,478.00 | 57,780.00 | 49,677.00 | 51,449.00 | 47,800.00 | 41,549.00 | 36,029.00 | 36,005.00 | 36,147.00 | 35,213.00 | 30,540.00 | 37,477.00 | 35,768.00 | 28,286.00 | 53,925.00 | 82,268.00 | 69,391.00 |
| Cost of revenue | 49,366.00 | 45,788.00 | 38,151.00 | 12,548.00 | 1,370.00 | 4,610.00 | 12,565.00 | 10,086.00 | 5,697.00 | 3,318.00 | 2,742.00 | 3,678.00 | 4,431.00 | 5,897.00 | 6,883.00 | 6,407.00 | 6,687.00 | 36,263.00 | 57,283.00 | 41,653.00 |
| Gross profit | 65,617.00 | 57,357.00 | 50,135.00 | 49,930.00 | 56,410.00 | 45,067.00 | 38,884.00 | 37,714.00 | 35,852.00 | 32,711.00 | 33,263.00 | 32,469.00 | 30,782.00 | 24,643.00 | 30,594.00 | 29,361.00 | 21,599.00 | 17,662.00 | 24,985.00 | 27,738.00 |
| Total operating expenses | 43,663.00 | 39,761.00 | 38,322.00 | 35,841.00 | 36,742.00 | 30,649.00 | 27,583.00 | 26,477.00 | 25,449.00 | 23,863.00 | 24,768.00 | 28,878.00 | 26,224.00 | 24,047.00 | 24,484.00 | 23,163.00 | 20,469.00 | 16,408.00 | 22,209.00 | 18,674.00 |
| Operating income | 21,954.00 | 17,596.00 | 11,813.00 | 14,089.00 | 19,668.00 | 14,418.00 | 11,301.00 | 11,237.00 | 10,403.00 | 8,848.00 | 8,495.00 | 3,591.00 | 4,558.00 | 596.00 | 6,110.00 | 6,198.00 | 1,130.00 | 1,254.00 | 2,776.00 | 9,064.00 |
| 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 | 665.00 | 0.00 |
| Income before tax | 21,954.00 | 17,596.00 | 11,813.00 | 14,089.00 | 19,668.00 | 14,418.00 | 11,301.00 | 11,237.00 | 10,403.00 | 8,848.00 | 8,495.00 | 3,591.00 | 4,558.00 | 596.00 | 6,110.00 | 6,198.00 | 1,130.00 | 1,254.00 | 3,441.00 | 9,064.00 |
| Income tax expense | 4,929.00 | 4,067.00 | 2,583.00 | 2,910.00 | 4,548.00 | 3,239.00 | 2,064.00 | 2,350.00 | 4,168.00 | 2,726.00 | 2,200.00 | -90.00 | 902.00 | -161.00 | 1,414.00 | 743.00 | -297.00 | 16.00 | 831.00 | 2,729.00 |
| Net income | 16,861.00 | 13,390.00 | 9,087.00 | 11,029.00 | 15,034.00 | 10,996.00 | 9,042.00 | 8,748.00 | 6,111.00 | 5,979.00 | 6,127.00 | 3,467.00 | 2,932.00 | 66.00 | 4,085.00 | 4,703.00 | 1,346.00 | 1,707.00 | 3,209.00 | 7,472.00 |
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 | 33,150.00 | 28,861.00 | 30,048.00 | 28,162.00 | 27,912.00 | 25,982.00 | 26,328.00 | 25,486.00 | 25,349.00 | 24,192.00 | 22,567.00 | 21,485.00 | 21,270.00 | 18,811.00 | 15,730.00 | 13,584.00 | 14,353.00 | 14,035.00 | 14,216.00 | 14,311.00 | 15,218.00 | 13,238.00 | 11,594.00 | 13,702.00 | 11,186.00 | 12,743.00 | 12,527.00 | 13,091.00 | 12,969.00 | 11,072.00 | 12,004.00 | 12,389.00 | 12,335.00 | 10,554.00 | 10,232.00 | 10,333.00 | 10,430.00 | 9,526.00 | 9,149.00 | 9,179.00 | 8,175.00 | 7,758.00 | 7,971.00 | 9,944.00 | 10,332.00 | 8,129.00 | 9,297.00 | 9,133.00 | 9,588.00 | 8,213.00 | 8,691.00 | 9,123.00 | 8,928.00 | 6,521.00 | 6,455.00 | 8,020.00 | 8,122.00 | 5,233.00 | 11,418.00 | 11,236.00 | 9,427.00 | 7,536.00 | 8,528.00 | 9,569.00 | 10,440.00 | 5,698.00 | 9,822.00 | 7,042.00 | 5,206.00 | 3,173.00 | 16,707.00 | 16,542.00 | 21,184.00 | 13,055.00 | 21,230.00 | 26,195.00 | 24,678.00 | 18,167.00 | 18,633.00 | 18,822.00 | 18,168.00 |
| Cost of revenue | 12,668.00 | 12,117.00 | 12,965.00 | 12,754.00 | 11,530.00 | 11,054.00 | 12,068.00 | 11,538.00 | 11,128.00 | 12,164.00 | 10,283.00 | 9,064.00 | 7,868.00 | 7,000.00 | 3,626.00 | 1,431.00 | 491.00 | 327.00 | 312.00 | 420.00 | 311.00 | 374.00 | 681.00 | 997.00 | 2,554.00 | 2,519.00 | 3,132.00 | 3,477.00 | 3,276.00 | 3,122.00 | 2,691.00 | 2,388.00 | 1,885.00 | 1,591.00 | 1,557.00 | 1,355.00 | 1,194.00 | 985.00 | 731.00 | 754.00 | 848.00 | 477.00 | 689.00 | 688.00 | 888.00 | 833.00 | 827.00 | 983.00 | 1,035.00 | 800.00 | 1,151.00 | 1,064.00 | 1,206.00 | 1,303.00 | 1,534.00 | 1,483.00 | 1,601.00 | 1,416.00 | 1,608.00 | 2,029.00 | 1,853.00 | 1,692.00 | 1,748.00 | 1,606.00 | 1,368.00 | 1,053.00 | 1,354.00 | 1,845.00 | 2,309.00 | 5,998.00 | 8,650.00 | 10,013.00 | 12,862.00 | 15,161.00 | 13,272.00 | 15,875.00 | 13,680.00 | 10,848.00 | 11,781.00 | 10,095.00 | 9,616.00 |
| Gross profit | 20,482.00 | 16,744.00 | 17,083.00 | 15,408.00 | 16,382.00 | 14,928.00 | 14,260.00 | 13,948.00 | 14,221.00 | 12,028.00 | 12,284.00 | 12,421.00 | 13,402.00 | 11,811.00 | 12,104.00 | 12,153.00 | 13,862.00 | 13,708.00 | 13,904.00 | 13,891.00 | 14,907.00 | 12,864.00 | 10,913.00 | 12,705.00 | 8,632.00 | 10,224.00 | 9,395.00 | 9,614.00 | 9,693.00 | 7,950.00 | 9,313.00 | 10,001.00 | 10,450.00 | 8,963.00 | 8,675.00 | 8,978.00 | 9,236.00 | 8,541.00 | 8,418.00 | 8,425.00 | 7,327.00 | 7,281.00 | 7,282.00 | 9,256.00 | 9,444.00 | 7,296.00 | 8,470.00 | 8,150.00 | 8,553.00 | 7,413.00 | 7,540.00 | 8,059.00 | 7,722.00 | 5,218.00 | 4,921.00 | 6,537.00 | 6,521.00 | 3,817.00 | 9,810.00 | 9,207.00 | 7,574.00 | 5,844.00 | 6,780.00 | 7,963.00 | 9,072.00 | 4,645.00 | 8,468.00 | 5,197.00 | 2,897.00 | -2,825.00 | 8,057.00 | 6,529.00 | 8,322.00 | -2,106.00 | 7,958.00 | 10,320.00 | 10,998.00 | 7,319.00 | 6,852.00 | 8,727.00 | 8,552.00 |
| Total operating expenses | 13,471.00 | 10,984.00 | 11,055.00 | 10,786.00 | 10,838.00 | 10,022.00 | 10,039.00 | 9,874.00 | 9,826.00 | 9,932.00 | 9,139.00 | 9,609.00 | 9,642.00 | 9,017.00 | 8,716.00 | 8,834.00 | 9,274.00 | 8,824.00 | 9,030.00 | 9,325.00 | 9,563.00 | 8,434.00 | 7,426.00 | 8,350.00 | 6,486.00 | 7,491.00 | 6,685.00 | 6,711.00 | 6,738.00 | 6,093.00 | 6,462.00 | 6,892.00 | 7,030.00 | 6,492.00 | 6,193.00 | 6,336.00 | 6,428.00 | 6,295.00 | 6,037.00 | 5,942.00 | 5,589.00 | 5,842.00 | 5,808.00 | 6,529.00 | 6,589.00 | 10,227.00 | 6,250.00 | 6,218.00 | 6,183.00 | 7,627.00 | 6,175.00 | 6,263.00 | 6,139.00 | 4,366.00 | 6,404.00 | 5,600.00 | 6,319.00 | 4,197.00 | 6,125.00 | 7,237.00 | 6,673.00 | 4,654.00 | 5,979.00 | 6,260.00 | 6,557.00 | 3,476.00 | 6,975.00 | 5,781.00 | 3,527.00 | 525.00 | 6,101.00 | 5,064.00 | 6,106.00 | 3,633.00 | 5,712.00 | 6,816.00 | 7,178.00 | 4,276.00 | 4,588.00 | 5,841.00 | 6,161.00 |
| Operating income | 7,011.00 | 5,760.00 | 6,028.00 | 4,622.00 | 5,544.00 | 4,906.00 | 4,221.00 | 4,074.00 | 4,395.00 | 2,096.00 | 3,145.00 | 2,812.00 | 3,760.00 | 2,794.00 | 3,388.00 | 3,319.00 | 4,588.00 | 4,884.00 | 4,874.00 | 4,566.00 | 5,344.00 | 4,430.00 | 3,487.00 | 4,355.00 | 2,146.00 | 2,733.00 | 2,710.00 | 2,903.00 | 2,955.00 | 1,857.00 | 2,851.00 | 3,109.00 | 3,420.00 | 2,471.00 | 2,482.00 | 2,642.00 | 2,808.00 | 2,246.00 | 2,381.00 | 2,483.00 | 1,738.00 | 1,439.00 | 1,474.00 | 2,727.00 | 2,855.00 | -2,931.00 | 2,220.00 | 1,932.00 | 2,370.00 | -214.00 | 1,365.00 | 1,796.00 | 1,583.00 | 852.00 | -1,483.00 | 937.00 | 202.00 | -380.00 | 3,685.00 | 1,970.00 | 901.00 | 1,190.00 | 801.00 | 1,703.00 | 2,515.00 | 1,169.00 | 1,493.00 | -584.00 | -630.00 | -3,350.00 | 1,956.00 | 1,465.00 | 2,216.00 | -5,739.00 | 2,246.00 | 3,504.00 | 3,820.00 | 3,043.00 | 2,264.00 | 2,886.00 | 2,391.00 |
| 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 | -739.00 | 0.00 | 0.00 | 0.00 | -159.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 7,011.00 | 5,760.00 | 6,028.00 | 4,622.00 | 5,544.00 | 4,906.00 | 4,221.00 | 4,074.00 | 4,395.00 | 2,096.00 | 3,145.00 | 2,812.00 | 3,760.00 | 2,794.00 | 3,388.00 | 3,319.00 | 4,588.00 | 4,884.00 | 4,874.00 | 4,566.00 | 5,344.00 | 4,430.00 | 3,487.00 | 4,355.00 | 2,146.00 | 2,733.00 | 2,710.00 | 2,903.00 | 2,955.00 | 1,857.00 | 2,851.00 | 3,109.00 | 3,420.00 | 2,471.00 | 2,482.00 | 2,642.00 | 2,808.00 | 2,246.00 | 2,381.00 | 2,483.00 | 1,738.00 | 1,439.00 | 1,474.00 | 2,727.00 | 2,855.00 | -2,931.00 | 2,220.00 | 1,932.00 | 2,370.00 | -214.00 | 1,365.00 | 1,796.00 | 1,583.00 | 852.00 | -1,483.00 | 937.00 | 202.00 | -380.00 | 3,685.00 | 1,970.00 | 901.00 | 1,190.00 | 801.00 | 1,703.00 | 2,515.00 | 1,169.00 | 1,493.00 | -584.00 | -630.00 | -3,350.00 | 1,956.00 | 1,465.00 | 2,216.00 | -6,478.00 | 2,246.00 | 3,504.00 | 3,820.00 | 2,884.00 | 2,264.00 | 2,886.00 | 2,391.00 |
| Income tax expense | 1,373.00 | 1,336.00 | 1,373.00 | 1,047.00 | 1,173.00 | 1,182.00 | 995.00 | 957.00 | 933.00 | 555.00 | 710.00 | 591.00 | 727.00 | 528.00 | 726.00 | 783.00 | 873.00 | 1,168.00 | 1,150.00 | 1,054.00 | 1,176.00 | 1,018.00 | 736.00 | 1,119.00 | 366.00 | 428.00 | 492.00 | 657.00 | 487.00 | 300.00 | 696.00 | 640.00 | 714.00 | 1,810.00 | 697.00 | 846.00 | 815.00 | 566.00 | 749.00 | 833.00 | 578.00 | 496.00 | 423.00 | 894.00 | 387.00 | -1,353.00 | 463.00 | 15.00 | 785.00 | -400.00 | 363.00 | 574.00 | 333.00 | 5.00 | -525.00 | 224.00 | 54.00 | -278.00 | 1,415.00 | 538.00 | -244.00 | 89.00 | -23.00 | 240.00 | 436.00 | 279.00 | 521.00 | -319.00 | -595.00 | -1,155.00 | 531.00 | 439.00 | 665.00 | -2,598.00 | 772.00 | 1,141.00 | 1,261.00 | 206.00 | 676.00 | 1,058.00 | 789.00 |
| Net income | 5,638.00 | 4,397.00 | 4,610.00 | 3,539.00 | 4,315.00 | 3,714.00 | 3,188.00 | 3,076.00 | 3,412.00 | 1,517.00 | 2,408.00 | 2,182.00 | 2,980.00 | 2,236.00 | 2,632.00 | 2,495.00 | 3,666.00 | 3,696.00 | 3,707.00 | 3,511.00 | 4,120.00 | 3,385.00 | 2,717.00 | 3,196.00 | 1,698.00 | 2,239.00 | 2,173.00 | 2,201.00 | 2,429.00 | 1,531.00 | 2,112.00 | 2,437.00 | 2,668.00 | 643.00 | 1,781.00 | 1,757.00 | 1,930.00 | 1,666.00 | 1,597.00 | 1,582.00 | 1,134.00 | 908.00 | 1,018.00 | 1,807.00 | 2,394.00 | -1,630.00 | 1,693.00 | 1,899.00 | 1,505.00 | 84.00 | 906.00 | 980.00 | 962.00 | 594.00 | -1,023.00 | 591.00 | -94.00 | -250.00 | 2,199.00 | 1,193.00 | 968.00 | 836.00 | 131.00 | 1,960.00 | 1,776.00 | 617.00 | 757.00 | 149.00 | -177.00 | -2,295.00 | 1,425.00 | 1,026.00 | 1,551.00 | -3,588.00 | 1,543.00 | 2,582.00 | 2,672.00 | 2,206.00 | 1,851.00 | 1,841.00 | 1,574.00 |