MS Morgan Stanley revenue, earnings and financials

For the quarter ended June 30, 2026, Morgan Stanley reported revenue of $21.3B (up 27.1% from a year earlier), net income of $5.58B and diluted EPS of $3.46; over the last four quarters revenue was $78.0B and net income $20.2B; for the fiscal year ended December 2025 revenue was $70.6B, up 14.4% on the year before.

MS annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $70.6B, gross profit n/a, operating income n/a, net income $16.9B (margin 23.9%), EPS $10.21
• Fiscal year ended Dec 2024: revenue $61.8B, gross profit n/a, operating income n/a, net income $13.4B (margin 21.7%), EPS $7.95
• Fiscal year ended Dec 2023: revenue $54.1B, gross profit n/a, operating income n/a, net income $9.09B (margin 16.8%), EPS $5.18
• Fiscal year ended Dec 2022: revenue $53.7B, gross profit n/a, operating income n/a, net income $11.0B (margin 20.6%), EPS $6.15
• Fiscal year ended Dec 2021: revenue $59.8B, gross profit n/a, operating income n/a, net income $15.0B (margin 25.2%), EPS $8.03

MS quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $21.3B (up 27.1% year over year), net income $5.58B, EPS $3.46
• Quarter ended Mar 31, 2026: revenue $20.6B (up 16.0% year over year), net income $5.57B, EPS $3.43
• Quarter ended Dec 31, 2025 (from the annual report): revenue $17.9B (up 10.3% year over year), net income $4.40B, EPS $2.68
• Quarter ended Sep 30, 2025: revenue $18.2B (up 18.5% year over year), net income $4.61B, EPS $2.80
• Quarter ended Jun 30, 2025: revenue $16.8B (up 11.8% year over year), net income $3.54B, EPS $2.13
• Quarter ended Mar 31, 2025: revenue $17.7B (up 17.2% year over year), net income $4.32B, EPS $2.60
• Quarter ended Dec 31, 2024 (from the annual report): revenue $16.2B (up 25.8% year over year), net income $3.71B, EPS $2.23
• Quarter ended Sep 30, 2024: revenue $15.4B (up 15.9% year over year), net income $3.19B, EPS $1.88
• Quarter ended Jun 30, 2024: revenue $15.0B (up 11.6% year over year), net income $3.08B, EPS $1.82
• Quarter ended Mar 31, 2024: revenue $15.1B (up 4.3% year over year), net income $3.41B, EPS $2.02
• Quarter ended Dec 31, 2023 (from the annual report): revenue $12.9B (up 1.2% year over year), net income $1.52B, EPS $0.86
• Quarter ended Sep 30, 2023: revenue $13.3B (up 2.2% year over year), net income $2.41B, EPS $1.38
• Quarter ended Jun 30, 2023: revenue $13.5B (up 2.5% year over year), net income $2.18B, EPS $1.24
• Quarter ended Mar 31, 2023: revenue $14.5B (down 1.9% year over year), net income $2.98B, EPS $1.70
• Quarter ended Dec 31, 2022 (from the annual report): revenue $12.7B (down 12.2% year over year), net income $2.24B, EPS $1.27
• Quarter ended Sep 30, 2022: revenue $13.0B (down 12.0% year over year), net income $2.63B, EPS $1.47
• Quarter ended Jun 30, 2022: revenue $13.1B (down 11.0% year over year), net income $2.50B, EPS $1.39
• Quarter ended Mar 31, 2022: revenue $14.8B (down 5.8% year over year), net income $3.67B, EPS $2.02
• Quarter ended Dec 31, 2021 (from the annual report): revenue $14.5B, net income $3.70B, EPS $2.01
• Quarter ended Sep 30, 2021: revenue $14.8B, net income $3.71B, EPS $1.98

MS cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow −$17.9B, share buybacks n/a, dividends $3.85 per share
• Fiscal year ended Dec 2024: operating cash flow $1.36B, share buybacks n/a, dividends $3.55 per share
• Fiscal year ended Dec 2023: operating cash flow −$33.5B, share buybacks n/a, dividends $3.25 per share
• Fiscal year ended Dec 2022: operating cash flow −$6.40B, share buybacks n/a, dividends $2.95 per share
• Fiscal year ended Dec 2021: operating cash flow $34.0B, share buybacks n/a, dividends $2.10 per share

MS balance sheet

• Jun 30, 2026: cash $160B, total assets $1.68T, total liabilities $1.56T, shareholders' equity $116B
• Mar 31, 2026: cash $134B, total assets $1.58T, total liabilities $1.47T, shareholders' equity $114B
• Dec 31, 2025: cash $112B, total assets $1.42T, total liabilities $1.31T, shareholders' equity $112B
• Sep 30, 2025: cash $104B, total assets $1.36T, total liabilities $1.25T, shareholders' equity $110B
• Jun 30, 2025: cash $109B, total assets $1.35T, total liabilities $1.24T, shareholders' equity $108B
• Mar 31, 2025: cash $90.7B, total assets $1.30T, total liabilities $1.19T, shareholders' equity $107B
• Dec 31, 2024: cash $105B, total assets $1.22T, total liabilities $1.11T, shareholders' equity $105B
• Sep 30, 2024: cash $91.1B, total assets $1.26T, total liabilities $1.15T, shareholders' equity $104B

What is MS's revenue?

Morgan Stanley reported $78.0B of revenue over its last four quarters, through June 30, 2026.

Is MS profitable?

Yes. Morgan Stanley earned $20.2B over the last four quarters.

What is MS's EPS?

Diluted earnings per share over the last four quarters were $12.37; $3.46 in the latest quarter.

Does MS pay a dividend?

Morgan Stanley paid $3.85 per share in dividends in the fiscal year ended December 2025.

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