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Morgan Stanley's Revenue (2016 - 2025)

  • Morgan Stanley's annual revenue was $116.11 B in fiscal year 2025. The annual revenue increased $12.97 B from $103.15 B (in 2024) to $116.11 B (in 2025), representing a 12.57% year-over-year growth.

  • Morgan Stanley's quarterly revenue was $33.15 B in the quarter ending Mar 2026. The quarterly revenue increased $5.24 B from $27.91 B (in Q1: Dec 2025) to $33.15 B (in Q1: Dec 2026), representing a 18.77% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Morgan Stanley was $116.11 B in fiscal year 2025.
  • The lowest annual revenue was $32.71 B in fiscal year 2016.
  • The average revenue was $61.90 B.

    • Learn more about Morgan Stanley's Revenue by Segment and Revenue by Region.

    Check out competitors to Morgan Stanley in a side-by-side comparison.

    Explore additional financial metrics for Morgan Stanley.


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Morgan Stanley's Revenue Trend

2025

Morgan Stanley's annual revenue was $116.11 B in fiscal year 2025.

Morgan Stanley's quarterly revenue was $27.91 B(Q1: Mar 2025), $28.16 B(Q2: Jun 2025), $31.19 B(Q3: Sep 2025), $29.99 B(Q4: Dec 2025) in fiscal year 2025.

2024

Morgan Stanley's annual revenue was $103.15 B in fiscal year 2024.

Morgan Stanley's quarterly revenue was $25.35 B(Q1: Mar 2024), $25.49 B(Q2: Jun 2024), $26.33 B(Q3: Sep 2024), $25.98 B(Q4: Dec 2024) in fiscal year 2024.

2023

Morgan Stanley's annual revenue was $88.29 B in fiscal year 2023.

Morgan Stanley's quarterly revenue was $13.64 B(Q1: Mar 2023), $12.58 B(Q2: Jun 2023), $12.42 B(Q3: Sep 2023), $12.03 B(Q4: Dec 2023) in fiscal year 2023.

2022

Morgan Stanley's annual revenue was $62.48 B in fiscal year 2022.

Morgan Stanley's quarterly revenue was $13.92 B(Q1: Mar 2022), $12.25 B(Q2: Jun 2022), $12.14 B(Q3: Sep 2022), $11.90 B(Q4: Dec 2022) in fiscal year 2022.

2021

Morgan Stanley's annual revenue was $57.78 B in fiscal year 2021.

Morgan Stanley's quarterly revenue was $14.81 B(Q1: Mar 2021), $13.96 B(Q2: Jun 2021), $13.93 B(Q3: Sep 2021), $13.71 B(Q4: Dec 2021) in fiscal year 2021.

2020

Morgan Stanley's annual revenue was $45.83 B in fiscal year 2020.

Morgan Stanley's quarterly revenue was $9.04 B(Q1: Mar 2020), $12.94 B(Q2: Jun 2020), $11.02 B(Q3: Sep 2020), $12.86 B(Q4: Dec 2020) in fiscal year 2020.

2019

Morgan Stanley's annual revenue was $39.05 B in fiscal year 2019.

Morgan Stanley's quarterly revenue was $9.69 B(Q1: Mar 2019), $9.61 B(Q2: Jun 2019), $9.40 B(Q3: Sep 2019), $10.22 B(Q4: Dec 2019) in fiscal year 2019.

2018

Morgan Stanley's annual revenue was $37.71 B in fiscal year 2018.

Morgan Stanley's quarterly revenue was $10.45 B(Q1: Mar 2018), $10.00 B(Q2: Jun 2018), $9.31 B(Q3: Sep 2018), $7.95 B(Q4: Dec 2018) in fiscal year 2018.

2017

Morgan Stanley's annual revenue was $35.85 B in fiscal year 2017.

Morgan Stanley's quarterly revenue was $9.24 B(Q1: Mar 2017), $8.98 B(Q2: Jun 2017), $8.68 B(Q3: Sep 2017), $8.96 B(Q4: Dec 2017) in fiscal year 2017.

2016

Morgan Stanley's annual revenue was $32.71 B in fiscal year 2016.

Morgan Stanley's quarterly revenue was $7.33 B(Q1: Mar 2016), $8.43 B(Q2: Jun 2016), $8.42 B(Q3: Sep 2016), $8.54 B(Q4: Dec 2016) in fiscal year 2016.

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Morgan Stanley's Revenue (Year-over-Year Change)

2015 0
2016 -1.66
2017 +9.60
2018 +5.19
2019 +3.53
2020 +17.37
2021 +26.08
2022 +8.13
2023 +41.31
2024 +16.83
2025 +12.57

2025

Morgan Stanley’s annual revenue increased +12.57% during fiscal year 2025 compared to 2024. It represents a growth of $12.97 B from $103.15 B (in 2024) to $116.11 B (in 2025).

2024

Morgan Stanley’s annual revenue increased +16.83% during fiscal year 2024 compared to 2023. It represents a growth of $14.86 B from $88.29 B (in 2023) to $103.15 B (in 2024).

2023

Morgan Stanley’s annual revenue increased +41.31% during fiscal year 2023 compared to 2022. It represents a growth of $25.81 B from $62.48 B (in 2022) to $88.29 B (in 2023).

2022

Morgan Stanley’s annual revenue increased +8.13% during fiscal year 2022 compared to 2021. It represents a growth of $4.70 B from $57.78 B (in 2021) to $62.48 B (in 2022).

2021

Morgan Stanley’s annual revenue increased +26.08% during fiscal year 2021 compared to 2020. It represents a growth of $11.95 B from $45.83 B (in 2020) to $57.78 B (in 2021).

2020

Morgan Stanley’s annual revenue increased +17.37% during fiscal year 2020 compared to 2019. It represents a growth of $6.78 B from $39.05 B (in 2019) to $45.83 B (in 2020).

2019

Morgan Stanley’s annual revenue increased +3.53% during fiscal year 2019 compared to 2018. It represents a growth of $1.33 B from $37.71 B (in 2018) to $39.05 B (in 2019).

2018

Morgan Stanley’s annual revenue increased +5.19% during fiscal year 2018 compared to 2017. It represents a growth of $1.86 B from $35.85 B (in 2017) to $37.71 B (in 2018).

2017

Morgan Stanley’s annual revenue increased +9.60% during fiscal year 2017 compared to 2016. It represents a growth of $3.14 B from $32.71 B (in 2016) to $35.85 B (in 2017).

2016

Morgan Stanley’s annual revenue decreased -1.66% during fiscal year 2016 compared to 2015. It represents a decline of $552.00 M from $33.26 B (in 2015) to $32.71 B (in 2016).

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Morgan Stanley Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$116.11 B $12.97 B 12.57%
Q4: Dec 25 $29.99 B $4.01 B 15.42%
Q3: Sep 25 $31.19 B $4.86 B 18.46%
Q2: Jun 25 $28.16 B $2.68 B 10.5%
Q1: Mar 25 $27.91 B $2.56 B 10.11%
FY 2024
$103.15 B $14.86 B 16.83%
Q4: Dec 24 $25.98 B $13.95 B 115.96%
Q3: Sep 24 $26.33 B $13.91 B 112.01%
Q2: Jun 24 $25.49 B $12.90 B 102.56%
Q1: Mar 24 $25.35 B $11.71 B 85.9%
FY 2023
$88.29 B $25.81 B 41.31%
Q4: Dec 23 $12.03 B $133.00 M 1.12%
Q3: Sep 23 $12.42 B $279.00 M 2.3%
Q2: Jun 23 $12.58 B $328.00 M 2.68%
Q1: Mar 23 $13.64 B -$283.00 M 2.03%
FY 2022
$62.48 B $4.70 B 8.13%
Q4: Dec 22 $11.90 B -$1.82 B 13.24%
Q3: Sep 22 $12.14 B -$1.79 B 12.84%
Q2: Jun 22 $12.25 B -$1.71 B 12.25%
Q1: Mar 22 $13.92 B -$890.00 M 6.01%
FY 2021
$57.78 B $11.95 B 26.08%
Q4: Dec 21 $13.71 B $849.00 M 6.6%
Q3: Sep 21 $13.93 B $2.90 B 26.34%
Q2: Jun 21 $13.96 B $1.02 B 7.88%
Q1: Mar 21 $14.81 B $5.77 B 63.83%
FY 2020
$45.83 B $6.78 B 17.37%
Q4: Dec 20 $12.86 B $2.64 B 25.82%
Q3: Sep 20 $11.02 B $1.63 B 17.34%
Q2: Jun 20 $12.94 B $3.33 B 34.64%
Q1: Mar 20 $9.04 B -$654.00 M 6.75%
FY 2019
$39.05 B $1.33 B 3.53%
Q4: Dec 19 $10.22 B $2.27 B 28.6%
Q3: Sep 19 $9.40 B $82.00 M 0.88%
Q2: Jun 19 $9.61 B -$387.00 M 3.87%
Q1: Mar 19 $9.69 B -$757.00 M 7.24%
FY 2018
$37.71 B $1.86 B 5.19%
Q4: Dec 18 $7.95 B -$1.01 B 11.3%
Q3: Sep 18 $9.31 B $638.00 M 7.35%
Q2: Jun 18 $10.00 B $1.02 B 11.39%
Q1: Mar 18 $10.45 B $1.21 B 13.14%
FY 2017
$35.85 B $3.14 B 9.6%
Q4: Dec 17 $8.96 B $422.00 M 4.94%
Q3: Sep 17 $8.68 B $257.00 M 3.05%
Q2: Jun 17 $8.98 B $553.00 M 6.56%
Q1: Mar 17 $9.24 B $1.91 B 26.05%
FY 2016
$32.71 B -$552.00 M 1.66%
Q4: Dec 16 $8.54 B $1.26 B 17.31%
Q3: Sep 16 $8.42 B $1.14 B 15.6%
Q2: Jun 16 $8.43 B -$831.00 M 8.98%
Q1: Mar 16 $7.33 B -$2.12 B 22.42%

Frequently Asked Questions

What is the annual revenue of Morgan Stanley?

In fiscal year 2025, Morgan Stanley's revenue was $116.11 Billion.

How much did Morgan Stanley's revenue change in the last year?

Morgan Stanley's revenue increased by +12.57% (+$12.97 Billion) in 2025 compared to 2024.

What is Morgan Stanley's most recent quarterly revenue?

In the first quarter (Q1) of 2026, Morgan Stanley reported a revenue of $33.15 Billion.

What is Morgan Stanley's revenue per share (TTM)?

Morgan Stanley's revenue per share over the trailing twelve months is $76.53.

What is Morgan Stanley's revenue per employee?

In the fiscal year 2025, Morgan Stanley's revenue per employee was $1.40 Million.

What is the annual net income of Morgan Stanley?

In fiscal year 2025, Morgan Stanley's net income was $16.86 Billion.

What is Morgan Stanley's biggest product segment, and what is its revenue?

Institutional Securities Segment is Morgan Stanley's biggest product segment, generating $33.08 Billion in revenue for fiscal year 2025.

What is Morgan Stanley's net income per employee?

In the fiscal year 2025, Morgan Stanley's net income per employee was $203.14 K.

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