Gross Profit for Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current gross profit (TTM) is $69.72B USD. 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 .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$69.72B
YoY change
+14.4%
5Y CAGR
+7.8%
Peak year (2025)
$65.62B
Cumulative gross profit
$951.10B
Gross Profit history chart for Morgan Stanley (MS) from 1985 to 2025
Gross Profit history table for Morgan Stanley (MS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $65.62B | +14.4% | ||
| 2024 | $57.36B | +14.4% | ||
| 2023 | $50.13B | +0.4% | ||
| 2022 | $49.93B | -11.5% | ||
| 2021 | $56.41B | +25.2% | ||
| 2020 | $45.07B | +15.9% | ||
| 2019 | $38.88B | +3.1% | ||
| 2018 | $37.71B | +5.2% | ||
| 2017 | $35.85B | +9.6% | ||
| 2016 | $32.71B | -1.7% | ||
| 2015 | $33.26B | +2.4% | ||
| 2014 | $32.47B | +5.5% | ||
| 2013 | $30.78B | +24.9% | ||
| 2012 | $24.64B | -19.5% | ||
| 2011 | $30.59B | +4.2% | ||
| 2010 | $29.36B | +35.9% | ||
| 2009 | $21.60B | +22.3% | ||
| 2008 | $17.66B | -29.3% | ||
| 2007 | $24.98B | -9.9% | ||
| 2006 | $27.74B | +27.1% | ||
| 2005 | $21.83B | -4.2% | ||
| 2004 | $22.78B | +9.2% | ||
| 2003 | $20.86B | +9.1% | ||
| 2002 | $19.11B | -13.3% | ||
| 2001 | $22.04B | -15.6% | ||
| 2000 | $26.12B | +21.2% | ||
| 1999 | $21.55B | +31.0% | ||
| 1998 | $16.44B | +10.9% | ||
| 1997 | $14.83B | +138.1% | ||
| 1996 | $6.23B | +9.8% | ||
| 1995 | $5.68B | +13.4% | ||
| 1994 | $5.01B | +10.0% | ||
| 1993 | $4.55B | +205.9% | ||
| 1992 | $1.49B | +17.5% | ||
| 1991 | $1.27B | +18.1% | ||
| 1990 | $1.07B | -19.0% | ||
| 1989 | $1.32B | -169.5% | ||
| 1988 | -$1.90B | — | ||
| 1987 | $0 | -100.0% | ||
| 1986 | -$1.04B | +15.0% | ||
| 1985 | -$900.20M | — |
Gross Profit 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
Morgan Stanley (MS) most recent annual gross profit stands at $65.62B (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 $65.62B was reported in 2025. The lowest in the available history was -$1.90B in 1988.
Among 8 Financial Services peers, Morgan Stanley (MS) ranks 6th; the peer median for gross profit is $77.51B.
Morgan Stanley Gross Profit by Year
Morgan Stanley Gross Profit 2025: $65.62B
Morgan Stanley gross profit in 2025 was $65.62B, grew 14.4% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Gross Profit 2024: $57.36B
Morgan Stanley gross profit in 2024 was $57.36B, grew 14.4% from 2023.
Morgan Stanley Gross Profit 2023: $50.13B
Morgan Stanley gross profit in 2023 was $50.13B, edged up 0.4% from 2022.
Morgan Stanley Gross Profit 2022: $49.93B
Morgan Stanley gross profit in 2022 was $49.93B, declined 11.5% below 2021.
Morgan Stanley Gross Profit 2021: $56.41B
Morgan Stanley gross profit in 2021 was $56.41B.
See more financial history for Morgan Stanley (MS).
Sector peers — Gross Profit
Companies in the same sector as Morgan Stanley, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Citigroup Inc. (C) | $74.98B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Morgan Stanley's gross profit?
- Latest reported gross profit for Morgan Stanley (MS) is $69.72B (period ending March 31, 2026).
How has Morgan Stanley gross profit changed year-over-year?
- Morgan Stanley (MS) gross profit changed +14.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley gross profit?
- Morgan Stanley (MS) gross profit compound annual growth rate is +7.8% over the most recent 5 years available.
When did Morgan Stanley gross profit hit its highest annual value?
- Morgan Stanley gross profit reached its highest annual value of $65.62B in 2025.
What was Morgan Stanley gross profit in 2024?
- Morgan Stanley (MS) gross profit in 2024 was $57.36B.
What was Morgan Stanley gross profit in 2025?
- Morgan Stanley (MS) gross profit in 2025 was $65.62B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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