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MORGAN STANLEY

MSMS-PKMS-PEMS-PLMS-POMS-PPMS-PQMS-PFMS-PIMS-PA
Security Brokers Dealers And Flotation Companies
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Period
Annual Quarterly
Order
Format
% Change
Rows
USD ($)
$ in Millions, shares in Millions		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Jun 30, 2010Mar 31, 2010Sep 30, 2009Jun 30, 2009
Revenues
                                                    
Investment banking
$ 2,651
$ 2,289
$ 2,266
$ 1,644
$ 1,711
$ 1,590
$ 1,735
$ 1,589
$ 1,048
$ 1,155
$ 1,330
$ 1,373
Principal transactions:
                                                    
Trading
6,723
6,730
5,020
4,745
5,111
4,002
4,131
4,852
3,679
3,802
4,477
3,331
Investments
226
146
374
388
369
315
157
137
144
95
145
(168)
Commissions and fees
1,833
1,690
1,473
1,425
1,481
1,294
1,183
1,227
1,098
1,090
1,239
1,133
Asset management
6,912
6,730
6,441
5,953
5,963
5,747
5,424
5,269
5,031
4,817
4,728
4,744
Other
223
292
159
290
751
239
322
266
296
488
252
63
Total non-interest revenues
18,568
17,877
15,733
14,445
15,386
13,187
12,952
13,340
11,296
11,447
12,171
10,476
Interest income
15,902
15,273
15,456
14,905
13,748
14,185
13,529
12,930
13,305
12,048
10,870
6,101
Interest expense
(13,122)
(12,570)
(12,965)
(12,558)
(11,395)
(11,989)
(11,462)
(11,134)
(11,328)
(10,038)
(8,524)
(3,591)
Net interest
2,780
2,703
2,491
2,347
2,353
2,196
2,067
1,796
1,977
2,010
2,346
2,510
Net revenues
21,348
20,580
18,224
16,792
17,739
15,383
15,019
15,136
13,273
13,457
14,517
12,986
Provision for credit losses
98
98
0
196
135
79
76
(6)
134
161
234
35
Non-interest expenses
                                                    
Compensation and benefits
8,187
8,542
7,442
7,190
7,521
6,733
6,460
6,696
5,935
6,262
6,410
5,614
Brokerage, clearing and exchange fees
1,464
1,256
1,141
1,188
1,222
1,044
995
921
855
875
881
847
Information processing and communications
1,203
1,148
1,119
1,089
1,050
1,042
1,011
976
947
926
915
874
Professional services
680
602
685
711
674
711
753
639
759
767
710
755
Occupancy and equipment
482
483
473
459
449
473
464
441
456
471
440
429
Marketing and business development
401
310
280
297
238
224
245
217
191
236
247
215
Other
1,485
1,130
1,056
1,040
906
856
941
857
851
947
920
829
Total non-interest expenses
13,902
13,471
12,196
11,974
12,060
11,083
10,869
10,747
9,994
10,484
10,523
9,563
Income before provision for income taxes
7,348
7,011
6,028
4,622
5,544
4,221
4,074
4,395
3,145
2,812
3,760
3,388
Provision for income taxes
1,695
1,373
1,373
1,047
1,173
995
957
933
710
591
727
726
Income from continuing operations
-
-
-
-
-
-
-
-
-
-
-
-
Discontinued operations:
                                                    
Income (loss) from discontinued operations before income taxes
-
-
-
-
-
-
-
-
-
-
-
-
Gain from discontinued operations
-
-
-
-
-
-
-
-
-
-
-
-
Provision for (benefit from) income taxes
-
-
-
-
-
-
-
-
-
-
-
-
Income (loss) from discontinued operations, net of income taxes
-
-
-
-
-
-
-
-
-
-
-
-
Net income
5,653
5,638
4,655
3,575
4,371
3,226
3,117
3,462
2,435
2,221
3,033
2,662
Net income applicable to redeemable noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
Net income applicable to noncontrolling interests
72
71
45
36
56
38
41
50
27
39
53
30
Amounts applicable to Morgan Stanley:
                                                    
Income from continuing operations
-
-
-
-
-
-
-
-
-
-
-
-
Income (loss) from discontinued operations
-
-
-
-
-
-
-
-
-
-
-
-
Net income applicable to nonredeemable noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
Net income applicable to Morgan Stanley
5,581
5,567
4,610
3,539
4,315
3,188
3,076
3,412
2,408
2,182
2,980
2,632
Preferred stock dividends
145
156
160
147
158
160
134
146
146
133
144
138
Earnings applicable to Morgan Stanley common shareholders
5,436
5,411
4,450
3,392
4,157
3,028
2,942
3,266
2,262
2,049
2,836
2,494
Earnings per common share
                                                    
Net income applicable to Morgan Stanley
-
-
-
-
-
-
-
-
-
-
-
-
Net income (loss) applicable to Morgan Stanley
-
-
-
-
-
-
-
-
-
-
-
-
Earnings per basic common share
                                                    
Income from continuing operations
-
-
-
-
-
-
-
-
-
-
-
-
Income (loss) from discontinued operations
-
-
-
-
-
-
-
-
-
-
-
-
Basic (USD per share)
3.5
3.47
2.83
2.15
2.62
1.91
1.85
2.04
1.39
1.25
1.72
1.49
Earnings per diluted common share
                                                    
Income from continuing operations
-
-
-
-
-
-
-
-
-
-
-
-
Income (loss) from discontinued operations
-
-
-
-
-
-
-
-
-
-
-
-
Diluted (USD per share)
3.46
3.43
2.8
2.13
2.6
1.88
1.82
2.02
1.38
1.24
1.7
1.47
Dividends declared per common share
-
-
-
-
-
-
-
-
-
-
-
-
Average common shares outstanding
                                                    
Basic (shares)
1,554
1,561
1,571
1,577
1,584
1,588
1,594
1,601
1,624
1,635
1,645
1,674
Diluted (shares)
1,569
1,576
1,590
1,593
1,600
1,609
1,611
1,616
1,643
1,651
1,663
1,697