Net Income for Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current net income (TTM) is $18.18B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$18.18B
YoY change
+25.9%
5Y CAGR
+8.9%
Peak year (2025)
$16.86B
Cumulative net income
$183.00B
Net Income history chart for Morgan Stanley (MS) from 1985 to 2025
Net Income history table for Morgan Stanley (MS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $16.86B | +25.9% | ||
| 2024 | $13.39B | +47.4% | ||
| 2023 | $9.09B | -17.6% | ||
| 2022 | $11.03B | -26.6% | ||
| 2021 | $15.03B | +36.7% | ||
| 2020 | $11.00B | +21.6% | ||
| 2019 | $9.04B | +3.4% | ||
| 2018 | $8.75B | +43.2% | ||
| 2017 | $6.11B | +2.2% | ||
| 2016 | $5.98B | -2.4% | ||
| 2015 | $6.13B | +76.7% | ||
| 2014 | $3.47B | +18.2% | ||
| 2013 | $2.93B | +4342.4% | ||
| 2012 | $66.00M | -98.4% | ||
| 2011 | $4.08B | -13.1% | ||
| 2010 | $4.70B | +249.4% | ||
| 2009 | $1.35B | -21.1% | ||
| 2008 | $1.71B | -46.8% | ||
| 2007 | $3.21B | -57.1% | ||
| 2006 | $7.47B | +51.3% | ||
| 2005 | $4.94B | +10.1% | ||
| 2004 | $4.49B | +18.5% | ||
| 2003 | $3.79B | +26.7% | ||
| 2002 | $2.99B | -15.1% | ||
| 2001 | $3.52B | -35.5% | ||
| 2000 | $5.46B | +13.9% | ||
| 1999 | $4.79B | +46.2% | ||
| 1998 | $3.28B | +26.7% | ||
| 1997 | $2.59B | +171.8% | ||
| 1996 | $951.40M | +11.1% | ||
| 1995 | $856.40M | +15.6% | ||
| 1994 | $740.90M | +22.7% | ||
| 1993 | $603.60M | +18.2% | ||
| 1992 | $510.50M | +7.5% | ||
| 1991 | $475.10M | +75.7% | ||
| 1990 | $270.40M | -39.0% | ||
| 1989 | $443.00M | +12.3% | ||
| 1988 | $394.60M | +70.9% | ||
| 1987 | $230.90M | +14.7% | ||
| 1986 | $201.30M | +90.1% | ||
| 1985 | $105.90M | — |
Net Income 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
2025's annual net income for Morgan Stanley (MS) came in at $16.86B – grew 25.9% year-over-year.
Morgan Stanley net income has grown for 2 consecutive years, with a +8.9% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak net income at $16.86B, with the historical low of $66.00M recorded in 2012.
Among 8 Financial Services peers, Morgan Stanley (MS) ranks 7th; the peer median for net income is $20.70B.
Morgan Stanley Net Income by Year
Morgan Stanley Net Income 2025: $16.86B
Morgan Stanley net income in 2025 was $16.86B, grew 25.9% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Net Income 2024: $13.39B
Morgan Stanley net income in 2024 was $13.39B, surged 47.4% from 2023.
Morgan Stanley Net Income 2023: $9.09B
Morgan Stanley net income in 2023 was $9.09B, declined 17.6% below 2022.
Morgan Stanley Net Income 2022: $11.03B
Morgan Stanley net income in 2022 was $11.03B, declined 26.6% below 2021.
Morgan Stanley Net Income 2021: $15.03B
Morgan Stanley net income in 2021 was $15.03B.
See more financial history for Morgan Stanley (MS).
Sector peers — Net Income
Companies in the same sector as Morgan Stanley, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $66.97B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $57.05B | Financial Services |
| Bank of America Corporation (BAC) | $30.51B | Financial Services |
| Wells Fargo & Company (WFC) | $21.34B | Financial Services |
| Visa Inc. (V) | $20.06B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $17.18B | Financial Services |
| Mastercard Incorporated (MA) | $14.97B | Financial Services |
| Citigroup Inc. (C) | $14.27B | Financial Services |
Frequently asked questions
What is Morgan Stanley's net income?
- Latest reported net income for Morgan Stanley (MS) is $18.18B (period ending March 31, 2026).
How has Morgan Stanley net income changed year-over-year?
- Morgan Stanley (MS) net income changed +25.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley net income?
- Morgan Stanley (MS) net income compound annual growth rate is +8.9% over the most recent 5 years available.
When did Morgan Stanley net income hit its highest annual value?
- Morgan Stanley net income reached its highest annual value of $16.86B in 2025.
What was Morgan Stanley net income in 2024?
- Morgan Stanley (MS) net income in 2024 was $13.39B.
What was Morgan Stanley net income in 2025?
- Morgan Stanley (MS) net income in 2025 was $16.86B.
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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