TTM
$75.6B
YoY change
+14.4%
5Y CAGR
+7.8%
Peak year (FY2025)
$65.6B
Cumulative gross profit
$993B
Gross Profit history chart for Morgan Stanley (MS) from 2016 to 2025
Latest: $65.6B
Gross Profit growth chart for Morgan Stanley (MS) from 2016 to 2025
Latest: +14.4%
Gross Profit history table for Morgan Stanley (MS) from 1985 to 2025
| FY2025 | $65.6B | +14.4% | +$8.26B | ||
| FY2024 | $57.4B | +14.4% | +$7.22B | ||
| FY2023 | $50.1B | +0.4% | +$205M | ||
| FY2022 | $49.9B | -11.5% | -$6.48B | ||
| FY2021 | $56.4B | +25.2% | +$11.3B | ||
| FY2020 | $45.1B | +15.9% | +$6.18B | ||
| FY2019 | $38.9B | +3.1% | +$1.17B | ||
| FY2018 | $37.7B | +5.2% | +$1.86B | ||
| FY2017 | $35.9B | +9.6% | +$3.14B | ||
| FY2016 | $32.7B | -1.7% | -$552M | ||
| FY2015 | $33.3B | +2.4% | +$794M | ||
| FY2014 | $32.5B | +5.5% | +$1.69B | ||
| FY2013 | $30.8B | +24.9% | +$6.14B | ||
| FY2012 | $24.6B | -19.5% | -$5.95B | ||
| FY2011 | $30.6B | +4.2% | +$1.23B | ||
| FY2010 | $29.4B | +35.9% | +$7.76B | ||
| FY2009 | $21.6B | +22.3% | +$3.94B | ||
| FY2008 | $17.7B | -29.3% | -$7.32B | ||
| FY2007 | $25B | -9.9% | -$2.75B | ||
| FY2006 | $27.7B | +27.1% | +$5.91B | ||
| FY2005 | $21.8B | -4.2% | -$947M | ||
| FY2004 | $22.8B | +9.2% | +$1.92B | ||
| FY2003 | $20.9B | +9.1% | +$1.75B | ||
| FY2002 | $19.1B | -13.3% | -$2.93B | ||
| FY2001 | $22B | -15.6% | -$4.08B | ||
| FY2000 | $26.1B | +21.2% | +$4.57B | ||
| FY1999 | $21.5B | +31.0% | +$5.1B | ||
| FY1998 | $16.4B | +10.9% | +$1.61B | ||
| FY1997 | $14.8B | +138.1% | +$8.6B | ||
| FY1996 | $6.23B | +9.8% | +$554M | ||
| FY1995 | $5.68B | +13.4% | +$670M | ||
| FY1994 | $5.01B | +10.0% | +$457M | ||
| FY1993 | $4.55B | +205.9% | +$3.06B | ||
| FY1992 | $1.49B | +17.5% | +$222M | ||
| FY1991 | $1.27B | +18.1% | +$194M | ||
| FY1990 | $1.07B | -19.0% | -$252M | ||
| FY1989 | $1.32B | -169.5% | +$3.23B | ||
| FY1988 | -$1.9B | — | -$1.9B | ||
| FY1987 | $0.00 | -100.0% | +$1.04B | ||
| FY1986 | -$1.04B | +15.0% | -$135M | ||
| FY1985 | -$900M | — | — |
- FY2025$65.6B+14.4%
- FY2024$57.4B+14.4%
- FY2023$50.1B+0.4%
- FY2022$49.9B-11.5%
- FY2021$56.4B+25.2%
- FY2020$45.1B+15.9%
- FY2019$38.9B+3.1%
- FY2018$37.7B+5.2%
- FY2017$35.9B+9.6%
- FY2016$32.7B-1.7%
- FY2015$33.3B+2.4%
- FY2014$32.5B+5.5%
- FY2013$30.8B+24.9%
- FY2012$24.6B-19.5%
- FY2011$30.6B+4.2%
- FY2010$29.4B+35.9%
- FY2009$21.6B+22.3%
- FY2008$17.7B-29.3%
- FY2007$25B-9.9%
- FY2006$27.7B+27.1%
- FY2005$21.8B-4.2%
- FY2004$22.8B+9.2%
- FY2003$20.9B+9.1%
- FY2002$19.1B-13.3%
- FY2001$22B-15.6%
- FY2000$26.1B+21.2%
- FY1999$21.5B+31.0%
- FY1998$16.4B+10.9%
- FY1997$14.8B+138.1%
- FY1996$6.23B+9.8%
- FY1995$5.68B+13.4%
- FY1994$5.01B+10.0%
- FY1993$4.55B+205.9%
- FY1992$1.49B+17.5%
- FY1991$1.27B+18.1%
- FY1990$1.07B-19.0%
- FY1989$1.32B-169.5%
- FY1988-$1.9B—
- FY1987$0.00-100.0%
- FY1986-$1.04B+15.0%
- FY1985-$900M—
Gross Profit values are taken from Morgan Stanley's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current gross profit (TTM) is $75.6B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Morgan Stanley (MS) most recent annual gross profit stands at $65.6B (2025) – grew 14.4% year-over-year.
Across 2020–2025 (5 years), Morgan Stanley gross profit produced a CAGR of +7.8% – sustaining 3 straight years of year-over-year growth.
The highest annual gross profit of $65.6B was reported in 2025. The lowest in the available history was -$1.9B in 1988.
Morgan Stanley Gross Profit by Year
Morgan Stanley Gross Profit 2025: $65.6B
Morgan Stanley gross profit in 2025 was $65.6B, grew 14.4% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Gross Profit 2024: $57.4B
2024's gross profit for Morgan Stanley came in at $57.4B, grew 14.4% from 2023.
Morgan Stanley Gross Profit 2023: $50.1B
Morgan Stanley posted gross profit of $50.1B in 2023, edged up 0.4% from 2022.
Morgan Stanley Gross Profit 2022: $49.9B
In 2022, Morgan Stanley reported gross profit of $49.9B, declined 11.5% below 2021.
Morgan Stanley Gross Profit 2021: $56.4B
Morgan Stanley gross profit in 2021 was $56.4B.
See more financial history for Morgan Stanley (MS).
Sector peers by Gross Profit
Financial Services peers of Morgan Stanley (MS), ranked by their latest gross profit
| $168B | |
| $107B | |
| $87.8B | |
| $80B | |
| $67B | |
| $59.4B | |
| $32.1B | |
| $27.4B |
- $168B
- $59.4B
- $32.1B
- $27.4B
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