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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		LTMDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009
Revenues
                  
Investment banking
$ 9,784
$ 8,199
$ 6,705
$ 4,948
Principal transactions:
                  
Trading
22,153
18,556
16,763
15,263
Investments
966
1,351
824
573
Commissions and fees
6,553
5,936
5,094
4,537
Asset management
26,871
25,145
22,499
19,617
Other
886
1,412
1,265
975
Total non-interest revenues
67,213
60,599
53,150
45,913
Interest income
61,585
59,063
54,135
50,281
Interest expense
(50,756)
(49,017)
(45,524)
(42,051)
Net interest
10,829
10,046
8,611
8,230
Net revenues
78,042
70,645
61,761
54,143
Provision for credit losses
214
349
264
532
Non-interest expenses
                  
Compensation and benefits
31,234
29,216
26,178
24,558
Brokerage, clearing and exchange fees
4,989
4,679
4,140
3,476
Information processing and communications
4,630
4,418
4,088
3,775
Professional services
2,736
2,839
2,901
3,058
Occupancy and equipment
1,929
1,872
1,905
1,895
Marketing and business development
1,349
1,173
965
898
Other
4,814
4,145
3,724
4,138
Total non-interest expenses
51,681
48,342
43,901
41,798
Income before provision for income taxes
26,147
21,954
17,596
11,813
Provision for income taxes
5,777
4,929
4,067
2,583
Income from continuing operations
-
-
-
-
Discontinued operations:
                  
Income (loss) from discontinued operations before income taxes
-
-
-
-
Gain (loss) from discontinued operations
-
-
-
-
Provision for (benefit from) income taxes
-
-
-
-
Income (loss) from discontinued operations, net of income taxes
-
-
-
-
Net income
20,370
17,025
13,529
9,230
Net income applicable to redeemable noncontrolling interests
-
-
-
-
Net income applicable to noncontrolling interests
215
164
139
143
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
20,155
16,861
13,390
9,087
Preferred stock dividends
608
612
590
557
Earnings applicable to Morgan Stanley common shareholders
19,547
16,249
12,800
8,530
Earnings per common share
                  
Net income applicable to Morgan Stanley
-
-
-
-
Earnings per basic common share
                  
Income from continuing operations (USD per share)
-
-
-
-
Income (loss) from discontinued operations (USD per share)
-
-
-
-
Earnings per common share - basic (in dollars per share)
12.5
10.32
8.04
5.24
Earnings per diluted common share
                  
Income from continuing operations (USD per share)
-
-
-
-
Income (loss) from discontinued operations (USD per share)
-
-
-
-
Earnings per common share - diluted (in dollars per share)
12.38
10.21
7.95
5.18
Dividends declared per common share
-
-
-
-
Average common shares outstanding
                  
Basic (in shares)
1,558
1,574
1,591
1,628
Diluted (in shares)
1,573
1,592
1,611
1,646