Morgan Stanley's Revenue
- Morgan Stanley's annual revenue was $103.15 B in fiscal year 2024. The annual revenue increased $14.86 B from $88.29 B (in 2023) to $103.15 B (in 2024), representing a 16.83% year-over-year growth.
- Morgan Stanley's quarterly revenue was $28.16 B in the quarter ending Jun 2025. The quarterly revenue increased $2.68 B from $25.49 B (in Q2: Mar 2024) to $28.16 B (in Q2: Mar 2025), representing a 10.50% year-over-year growth.
- The highest annual revenue for Morgan Stanley was $103.15 B in fiscal year 2024.
- The lowest annual revenue was $32.71 B in fiscal year 2016.
- The average revenue was $53.61 B.
- 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.
Over the past 10 years (2015 - 2024):
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 :
Morgan Stanley's Revenue Trend
| 2014 | 32469000000.00 |
|---|---|
| 2015 | 33263000000.00 |
| 2016 | 32711000000.00 |
| 2017 | 35852000000.00 |
| 2018 | 37714000000.00 |
| 2019 | 39045000000.00 |
| 2020 | 45828000000.00 |
| 2021 | 57780000000.00 |
| 2022 | 62478000000.00 |
| 2023 | 88286000000.00 |
| 2024 | 103145000000.00 |
| Mar 2015 | 9444000000.00 |
|---|---|
| Jun 2015 | 9256000000.00 |
| Sep 2015 | 7282000000.00 |
| Dec 2015 | 7281000000.00 |
| Mar 2016 | 7327000000.00 |
| Jun 2016 | 8425000000.00 |
| Sep 2016 | 8418000000.00 |
| Dec 2016 | 8541000000.00 |
| Mar 2017 | 9236000000.00 |
| Jun 2017 | 8978000000.00 |
| Sep 2017 | 8675000000.00 |
| Dec 2017 | 8963000000.00 |
| Mar 2018 | 10450000000.00 |
| Jun 2018 | 10001000000.00 |
| Sep 2018 | 9313000000.00 |
| Dec 2018 | 7950000000.00 |
| Mar 2019 | 9693000000.00 |
| Jun 2019 | 9614000000.00 |
| Sep 2019 | 9395000000.00 |
| Dec 2019 | 10224000000.00 |
| Mar 2020 | 9039000000.00 |
| Jun 2020 | 12944000000.00 |
| Sep 2020 | 11024000000.00 |
| Dec 2020 | 12864000000.00 |
| Mar 2021 | 14809000000.00 |
| Jun 2021 | 13964000000.00 |
| Sep 2021 | 13928000000.00 |
| Dec 2021 | 13713000000.00 |
| Mar 2022 | 13919000000.00 |
| Jun 2022 | 12254000000.00 |
| Sep 2022 | 12139000000.00 |
| Dec 2022 | 11898000000.00 |
| Mar 2023 | 13636000000.00 |
| Jun 2023 | 12582000000.00 |
| Sep 2023 | 12418000000.00 |
| Dec 2023 | 12031000000.00 |
| Mar 2024 | 25349000000.00 |
| Jun 2024 | 25486000000.00 |
| Sep 2024 | 26328000000.00 |
| Dec 2024 | 25982000000.00 |
| Mar 2025 | 27912000000.00 |
| Jun 2025 | 28162000000.00 |
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.
2015
Morgan Stanley's annual revenue was $33.26 B in fiscal year 2015.
Morgan Stanley's quarterly revenue was $9.44 B(Q1: Mar 2015), $9.26 B(Q2: Jun 2015), $7.28 B(Q3: Sep 2015), $7.28 B(Q4: Dec 2015) in fiscal year 2015.
Morgan Stanley's Revenue (Year-over-Year Change)
| 2014 | 0 |
|---|---|
| 2015 | +2.45 |
| 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 |
| Q1: Mar 15 | 10.42 |
|---|---|
| Q2: Jun 15 | 13.57 |
| Q3: Sep 15 | -14.03 |
| Q4: Dec 15 | -0.21 |
| Q1: Mar 16 | -22.42 |
| Q2: Jun 16 | -8.98 |
| Q3: Sep 16 | 15.60 |
| Q4: Dec 16 | 17.31 |
| Q1: Mar 17 | 26.05 |
| Q2: Jun 17 | 6.56 |
| Q3: Sep 17 | 3.05 |
| Q4: Dec 17 | 4.94 |
| Q1: Mar 18 | 13.14 |
| Q2: Jun 18 | 11.39 |
| Q3: Sep 18 | 7.35 |
| Q4: Dec 18 | -11.30 |
| Q1: Mar 19 | -7.24 |
| Q2: Jun 19 | -3.87 |
| Q3: Sep 19 | 0.88 |
| Q4: Dec 19 | 28.60 |
| Q1: Mar 20 | -6.75 |
| Q2: Jun 20 | 34.64 |
| Q3: Sep 20 | 17.34 |
| Q4: Dec 20 | 25.82 |
| Q1: Mar 21 | 63.83 |
| Q2: Jun 21 | 7.88 |
| Q3: Sep 21 | 26.34 |
| Q4: Dec 21 | 6.60 |
| Q1: Mar 22 | -6.01 |
| Q2: Jun 22 | -12.25 |
| Q3: Sep 22 | -12.84 |
| Q4: Dec 22 | -13.24 |
| Q1: Mar 23 | -2.03 |
| Q2: Jun 23 | 2.68 |
| Q3: Sep 23 | 2.30 |
| Q4: Dec 23 | 1.12 |
| Q1: Mar 24 | 85.90 |
| Q2: Jun 24 | 102.56 |
| Q3: Sep 24 | 112.01 |
| Q4: Dec 24 | 115.96 |
| Q1: Mar 25 | 10.11 |
| Q2: Jun 25 | 10.50 |
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).
2015
Morgan Stanley’s annual revenue increased +2.45% during fiscal year 2015 compared to 2014. It represents a growth of $794.00 M from $32.47 B (in 2014) to $33.26 B (in 2015).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2024 | $103.15 B | +16.83% |
| 2023 | $88.29 B | +41.31% |
| 2022 | $62.48 B | +8.13% |
| 2021 | $57.78 B | +26.08% |
| 2020 | $45.83 B | +17.37% |
| 2019 | $39.05 B | +3.53% |
| 2018 | $37.71 B | +5.19% |
| 2017 | $35.85 B | +9.60% |
| 2016 | $32.71 B | -1.66% |
| 2015 | $33.26 B | +2.45% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q2: Jun 25 | $28.16 B | 10.50% |
| Q1: Mar 25 | $27.91 B | 10.11% |
| Q4: Dec 24 | $25.98 B | 115.96% |
| Q3: Sep 24 | $26.33 B | 112.01% |
| Q2: Jun 24 | $25.49 B | 102.56% |
| Q1: Mar 24 | $25.35 B | 85.90% |
| Q4: Dec 23 | $12.03 B | 1.12% |
| Q3: Sep 23 | $12.42 B | 2.30% |
| Q2: Jun 23 | $12.58 B | 2.68% |
| Q1: Mar 23 | $13.64 B | -2.03% |
| Q4: Dec 22 | $11.90 B | -13.24% |
| Q3: Sep 22 | $12.14 B | -12.84% |
| Q2: Jun 22 | $12.25 B | -12.25% |
| Q1: Mar 22 | $13.92 B | -6.01% |
| Q4: Dec 21 | $13.71 B | 6.60% |
| Q3: Sep 21 | $13.93 B | 26.34% |
| Q2: Jun 21 | $13.96 B | 7.88% |
| Q1: Mar 21 | $14.81 B | 63.83% |
| Q4: Dec 20 | $12.86 B | 25.82% |
| Q3: Sep 20 | $11.02 B | 17.34% |
| Q2: Jun 20 | $12.94 B | 34.64% |
| Q1: Mar 20 | $9.04 B | -6.75% |
| Q4: Dec 19 | $10.22 B | 28.60% |
| Q3: Sep 19 | $9.40 B | 0.88% |
| Q2: Jun 19 | $9.61 B | -3.87% |
| Q1: Mar 19 | $9.69 B | -7.24% |
| Q4: Dec 18 | $7.95 B | -11.30% |
| Q3: Sep 18 | $9.31 B | 7.35% |
| Q2: Jun 18 | $10.00 B | 11.39% |
| Q1: Mar 18 | $10.45 B | 13.14% |
| Q4: Dec 17 | $8.96 B | 4.94% |
| Q3: Sep 17 | $8.68 B | 3.05% |
| Q2: Jun 17 | $8.98 B | 6.56% |
| Q1: Mar 17 | $9.24 B | 26.05% |
| Q4: Dec 16 | $8.54 B | 17.31% |
| Q3: Sep 16 | $8.42 B | 15.60% |
| Q2: Jun 16 | $8.43 B | -8.98% |
| Q1: Mar 16 | $7.33 B | -22.42% |
| Q4: Dec 15 | $7.28 B | -0.21% |
| Q3: Sep 15 | $7.28 B | -14.03% |
| Q2: Jun 15 | $9.26 B | 13.57% |
| Q1: Mar 15 | $9.44 B | 10.42% |
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