Morgan Stanley (MS-PI) — Financial statements
Income statement, balance sheet, and cash flow for Morgan Stanley — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 114,983↑11.5% | 103,145↑16.8% | 88,286↑41.3% | 62,478↑8.1% | 57,780 | |
| Cost of Revenue | 49,366↑7.8% | 45,788↑20.0% | 38,151↑204.0% | 12,548↑815.9% | 1,370 | |
| Gross Profit | 65,617↑14.4% | 57,357↑14.4% | 50,135↑0.4% | 49,930↓11.5% | 56,410 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 29,072↑11.1% | 26,178↑8.2% | 24,205↑5.0% | 23,053↓6.4% | 24,628 | |
| Selling & Marketing Expenses | 1,173↑21.6% | 965↑7.5% | 898↓0.8% | 905↑40.7% | 643 | |
| SG&A Expenses | 30,245↑11.4% | 27,143↑8.1% | 25,103↑4.8% | 23,958↓5.2% | 25,271 | |
| Other Expenses | 13,418↑6.3% | 12,618↓4.5% | 13,219↑11.2% | 11,883↑3.6% | 11,471 | |
| Operating Expenses | 43,663↑9.8% | 39,761↑3.8% | 38,322↑6.9% | 35,841↓2.5% | 36,742 | |
| Total Costs & Expenses | 93,029↑8.7% | 85,549↑11.9% | 76,473↑58.0% | 48,389↑27.0% | 38,112 | |
| Operating Results | ||||||
| Operating Income | 21,954↑24.8% | 17,596↑49.0% | 11,813↓16.2% | 14,089↓28.4% | 19,668 | |
| Depreciation & Amortization | 4,658↓9.7% | 5,161↑21.3% | 4,256↑6.5% | 3,998↓5.2% | 4,216 | |
| EBITDA | 26,612↑16.9% | 22,757↑41.6% | 16,069↓11.2% | 18,087↓24.3% | 23,884 | |
| EBIT | 21,954↑24.8% | 17,596↑49.0% | 11,813↓16.2% | 14,089↓28.4% | 19,668 | |
| Interest & Other Income | ||||||
| Net Interest Income | 10,046↑16.7% | 8,611↑4.6% | 8,230↓11.8% | 9,327↑15.9% | 8,045 | |
| Interest Income | 59,063↑9.1% | 54,135↑18.1% | 45,849↑112.3% | 21,595↑129.5% | 9,411 | |
| Interest Expense | 49,017↑7.7% | 45,524↑21.0% | 37,619↑206.6% | 12,268↑798.1% | 1,366 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 21,954↑24.8% | 17,596↑49.0% | 11,813↓16.2% | 14,089↓28.4% | 19,668 | |
| Income Tax Expense | 4,929↑21.2% | 4,067↑57.5% | 2,583↓11.2% | 2,910↓36.0% | 4,548 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 17,025↑25.8% | 13,529↑46.6% | 9,230↓17.4% | 11,179↓26.1% | 15,120 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 16,861↑25.9% | 13,390↑47.4% | 9,087↓17.6% | 11,029↓26.6% | 15,034 | |
| Bottom-Line Net Income | 16,249↑26.9% | 12,800↑50.1% | 8,530↓19.1% | 10,540↓27.6% | 14,566 | |
| EPS (Basic) | 10.34↑28.6% | 8.04↑53.4% | 5.24↓15.9% | 6.23↓23.7% | 8.16 | |
| EPS (Diluted) | 10.20↑28.3% | 7.95↑53.5% | 5.18↓15.8% | 6.15↓23.4% | 8.03 | |
| Weighted Average Shares | 1,571↓1.3% | 1,591↓2.3% | 1,628↓3.7% | 1,691↓5.3% | 1,785 | |
| Weighted Average Diluted Shares | 1,593↓1.1% | 1,611↓2.1% | 1,646↓3.9% | 1,713↓5.6% | 1,814 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.