EBITDA for Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current EBITDA (TTM) is $27.21B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$27.21B
YoY change
+16.9%
5Y CAGR
+7.9%
Peak year (2025)
$26.61B
Cumulative EBITDA
$301.00B
EBITDA history chart for Morgan Stanley (MS) from 1985 to 2025
EBITDA history table for Morgan Stanley (MS) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $26.61B | +16.9% | ||
| 2024 | $22.76B | +41.6% | ||
| 2023 | $16.07B | -11.2% | ||
| 2022 | $18.09B | -24.3% | ||
| 2021 | $23.88B | +31.3% | ||
| 2020 | $18.19B | +30.4% | ||
| 2019 | $13.94B | +6.6% | ||
| 2018 | $13.08B | +7.6% | ||
| 2017 | $12.16B | +14.9% | ||
| 2016 | $10.58B | +6.6% | ||
| 2015 | $9.93B | +108.9% | ||
| 2014 | $4.75B | -21.7% | ||
| 2013 | $6.07B | +178.8% | ||
| 2012 | $2.18B | -71.0% | ||
| 2011 | $7.51B | -1.4% | ||
| 2010 | $7.62B | +223.6% | ||
| 2009 | $2.35B | +14.9% | ||
| 2008 | $2.05B | -37.0% | ||
| 2007 | $3.25B | -67.3% | ||
| 2006 | $9.94B | +39.4% | ||
| 2005 | $7.13B | -6.5% | ||
| 2004 | $7.62B | +27.7% | ||
| 2003 | $5.97B | +10.2% | ||
| 2002 | $5.42B | -15.5% | ||
| 2001 | $6.41B | -30.7% | ||
| 2000 | $9.25B | +11.9% | ||
| 1999 | $8.27B | +38.7% | ||
| 1998 | $5.96B | +29.2% | ||
| 1997 | $4.61B | +183.2% | ||
| 1996 | $1.63B | +11.1% | ||
| 1995 | $1.47B | +15.1% | ||
| 1994 | $1.27B | +21.6% | ||
| 1993 | $1.05B | +32.0% | ||
| 1992 | $793.50M | +2.7% | ||
| 1991 | $772.50M | +64.3% | ||
| 1990 | $470.20M | -36.3% | ||
| 1989 | $738.30M | +16.0% | ||
| 1988 | $636.50M | — | ||
| 1987 | $0 | -100.0% | ||
| 1986 | $322.60M | +76.0% | ||
| 1985 | $183.30M | — |
EBITDA values are taken from Morgan Stanley's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Morgan Stanley (MS) reported EBITDA of $26.61B – grew 16.9% year-over-year.
Morgan Stanley EBITDA compound annual growth for the 2020–2025 (5 years) window is +7.9%, sustaining 2 straight years of year-over-year growth.
$26.61B stands as the all-time-high annual EBITDA, posted in 2025, against a low of $0 during 1987.
Among 8 Financial Services peers, Morgan Stanley (MS) ranks 5th; the peer median for EBITDA is $27.67B.
Morgan Stanley EBITDA by Year
Morgan Stanley EBITDA 2025: $26.61B
Morgan Stanley EBITDA in 2025 was $26.61B, grew 16.9% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley EBITDA 2024: $22.76B
Morgan Stanley EBITDA in 2024 was $22.76B, surged 41.6% from 2023.
Morgan Stanley EBITDA 2023: $16.07B
Morgan Stanley EBITDA in 2023 was $16.07B, declined 11.2% below 2022.
Morgan Stanley EBITDA 2022: $18.09B
Morgan Stanley EBITDA in 2022 was $18.09B, declined 24.3% below 2021.
Morgan Stanley EBITDA 2021: $23.88B
Morgan Stanley EBITDA in 2021 was $23.88B.
See more financial history for Morgan Stanley (MS).
Sector peers — EBITDA
Companies in the same sector as Morgan Stanley, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $81.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $73.02B | Financial Services |
| Bank of America Corporation (BAC) | $40.01B | Financial Services |
| Wells Fargo & Company (WFC) | $29.35B | Financial Services |
| Visa Inc. (V) | $26.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $24.03B | Financial Services |
| Citigroup Inc. (C) | $23.10B | Financial Services |
| Mastercard Incorporated (MA) | $20.19B | Financial Services |
Frequently asked questions
What is Morgan Stanley's EBITDA?
- Latest reported EBITDA for Morgan Stanley (MS) is $27.21B (period ending March 31, 2026).
How has Morgan Stanley EBITDA changed year-over-year?
- Morgan Stanley (MS) EBITDA changed +16.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley EBITDA?
- Morgan Stanley (MS) EBITDA compound annual growth rate is +7.9% over the most recent 5 years available.
When did Morgan Stanley EBITDA hit its highest annual value?
- Morgan Stanley EBITDA reached its highest annual value of $26.61B in 2025.
What was Morgan Stanley EBITDA in 2024?
- Morgan Stanley (MS) EBITDA in 2024 was $22.76B.
What was Morgan Stanley EBITDA in 2025?
- Morgan Stanley (MS) EBITDA in 2025 was $26.61B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
MS Overview
Company profile, financial tools, and key metrics
MS Revenue Counter
Earns $3,812 every second. See per minute, hour, and day.
MS Earnings Counter
Earns $576.61 per second net profit. See per minute, hour, and day.
MS Economic Scale
Exceeds Venezuela, RB's GDP. Compare with world economies.
MS What If Invested
What if you had invested $1,000? See historical returns from any date.
MS How It Makes Money
Discover visual breakdown of $120.22B in revenue — where it comes from and where it goes.
MS Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MS Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MS Daily Price Character
Explosive · 50.3% historical win rate (green days). Streaks & record days.
MS Buybacks
3.09% TTM buyback yield. Shareholder yield & SBC comparison.
MS Stock Split History
2 splits on record. Dates, ratios, and cumulative multiple.
MS Dividend Profile
Yield: 2.10%. Safety: 5/8. See full history.
MS Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MS Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.