TTM
$127B
YoY change
+11.5%
5Y CAGR
+18.3%
Peak year (FY2025)
$115B
Cumulative revenue
$1.55T
Revenue history chart for Morgan Stanley (MS) from 2016 to 2025
Latest: $115B
Revenue growth chart for Morgan Stanley (MS) from 2016 to 2025
Latest: +11.5%
Revenue history table for Morgan Stanley (MS) from 1985 to 2025
| FY2025 | $115B | +11.5% | +$11.8B | ||
| FY2024 | $103B | +16.8% | +$14.9B | ||
| FY2023 | $88.3B | +41.3% | +$25.8B | ||
| FY2022 | $62.5B | +8.1% | +$4.7B | ||
| FY2021 | $57.8B | +16.3% | +$8.1B | ||
| FY2020 | $49.7B | -3.4% | -$1.77B | ||
| FY2019 | $51.4B | +7.6% | +$3.65B | ||
| FY2018 | $47.8B | +15.0% | +$6.25B | ||
| FY2017 | $41.5B | +15.3% | +$5.52B | ||
| FY2016 | $36B | +0.1% | +$24M | ||
| FY2015 | $36B | -0.4% | -$142M | ||
| FY2014 | $36.1B | +2.7% | +$934M | ||
| FY2013 | $35.2B | +15.3% | +$4.67B | ||
| FY2012 | $30.5B | -18.5% | -$6.94B | ||
| FY2011 | $37.5B | +4.8% | +$1.71B | ||
| FY2010 | $35.8B | +26.5% | +$7.48B | ||
| FY2009 | $28.3B | -47.5% | -$25.6B | ||
| FY2008 | $53.9B | -34.5% | -$28.3B | ||
| FY2007 | $82.3B | +18.6% | +$12.9B | ||
| FY2006 | $69.4B | +50.0% | +$23.1B | ||
| FY2005 | $46.3B | +20.4% | +$7.85B | ||
| FY2004 | $38.4B | +10.0% | +$3.48B | ||
| FY2003 | $34.9B | +7.8% | +$2.52B | ||
| FY2002 | $32.4B | -26.1% | -$11.5B | ||
| FY2001 | $43.9B | -2.7% | -$1.23B | ||
| FY2000 | $45.1B | +30.4% | +$10.5B | ||
| FY1999 | $34.6B | +11.1% | +$3.46B | ||
| FY1998 | $31.1B | +14.7% | +$4B | ||
| FY1997 | $27.1B | +200.5% | +$18.1B | ||
| FY1996 | $9.03B | +13.8% | +$1.09B | ||
| FY1995 | $7.93B | +20.2% | +$1.33B | ||
| FY1994 | $6.6B | +13.4% | +$781M | ||
| FY1993 | $5.82B | -0.5% | -$28M | ||
| FY1992 | $5.85B | +12.7% | +$660M | ||
| FY1991 | $5.19B | +8.5% | +$407M | ||
| FY1990 | $4.78B | +1.7% | +$80.4M | ||
| FY1989 | $4.7B | — | +$4.7B | ||
| FY1988 | $0.00 | — | $0.00 | ||
| FY1987 | $0.00 | — | $0.00 | ||
| FY1986 | $0.00 | — | $0.00 | ||
| FY1985 | $0.00 | — | — |
- FY2025$115B+11.5%
- FY2024$103B+16.8%
- FY2023$88.3B+41.3%
- FY2022$62.5B+8.1%
- FY2021$57.8B+16.3%
- FY2020$49.7B-3.4%
- FY2019$51.4B+7.6%
- FY2018$47.8B+15.0%
- FY2017$41.5B+15.3%
- FY2016$36B+0.1%
- FY2015$36B-0.4%
- FY2014$36.1B+2.7%
- FY2013$35.2B+15.3%
- FY2012$30.5B-18.5%
- FY2011$37.5B+4.8%
- FY2010$35.8B+26.5%
- FY2009$28.3B-47.5%
- FY2008$53.9B-34.5%
- FY2007$82.3B+18.6%
- FY2006$69.4B+50.0%
- FY2005$46.3B+20.4%
- FY2004$38.4B+10.0%
- FY2003$34.9B+7.8%
- FY2002$32.4B-26.1%
- FY2001$43.9B-2.7%
- FY2000$45.1B+30.4%
- FY1999$34.6B+11.1%
- FY1998$31.1B+14.7%
- FY1997$27.1B+200.5%
- FY1996$9.03B+13.8%
- FY1995$7.93B+20.2%
- FY1994$6.6B+13.4%
- FY1993$5.82B-0.5%
- FY1992$5.85B+12.7%
- FY1991$5.19B+8.5%
- FY1990$4.78B+1.7%
- FY1989$4.7B—
- FY1988$0.00—
- FY1987$0.00—
- FY1986$0.00—
- FY1985$0.00—
Revenue 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 Revenue at Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current revenue (TTM) is $127B. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Morgan Stanley (MS) revenue totalled $115B – grew 11.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Morgan Stanley revenue compounded at +18.3% per year, sustaining 5 straight years of year-over-year growth.
$115B stands as the all-time-high annual revenue, posted in 2025, against a low of $0.00 during 1985.
Morgan Stanley Revenue by Year
Morgan Stanley Revenue 2025: $115B
2025's revenue for Morgan Stanley came in at $115B, grew 11.5% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Revenue 2024: $103B
Morgan Stanley posted revenue of $103B in 2024, grew 16.8% from 2023.
Morgan Stanley Revenue 2023: $88.3B
In 2023, Morgan Stanley reported revenue of $88.3B, surged 41.3% from 2022.
Morgan Stanley Revenue 2022: $62.5B
Morgan Stanley revenue in 2022 was $62.5B, grew 8.1% from 2021.
Morgan Stanley Revenue 2021: $57.8B
Morgan Stanley revenue in 2021 was $57.8B.
See more financial history for Morgan Stanley (MS).
Sector peers by Revenue
Financial Services peers of Morgan Stanley (MS), ranked by their latest revenue
| $371B | |
| $280B | |
| $192B | |
| $125B | |
| $124B | |
| $80.5B | |
| $40B | |
| $32.8B |
- $280B
- $125B
- $124B
- $80.5B
- $40B
- $32.8B
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- Buybacks3.66% TTM
- Dividend Profile1.75% yield
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- Stock Split History2 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.