Revenue for Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current revenue (TTM) is $120.22B USD. 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 (not a live revenue-per-second estimate).
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)
$120.22B
YoY change
+11.5%
5Y CAGR
+18.3%
Peak year (2025)
$114.98B
Cumulative revenue
$1.48T
Revenue history chart for Morgan Stanley (MS) from 1985 to 2025
Revenue history table for Morgan Stanley (MS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $114.98B | +11.5% | ||
| 2024 | $103.14B | +16.8% | ||
| 2023 | $88.29B | +41.3% | ||
| 2022 | $62.48B | +8.1% | ||
| 2021 | $57.78B | +16.3% | ||
| 2020 | $49.68B | -3.4% | ||
| 2019 | $51.45B | +7.6% | ||
| 2018 | $47.80B | +15.0% | ||
| 2017 | $41.55B | +15.3% | ||
| 2016 | $36.03B | +0.1% | ||
| 2015 | $36.01B | -0.4% | ||
| 2014 | $36.15B | +2.7% | ||
| 2013 | $35.21B | +15.3% | ||
| 2012 | $30.54B | -18.5% | ||
| 2011 | $37.48B | +4.8% | ||
| 2010 | $35.77B | +26.5% | ||
| 2009 | $28.29B | -47.5% | ||
| 2008 | $53.92B | -34.5% | ||
| 2007 | $82.27B | +18.6% | ||
| 2006 | $69.39B | +50.0% | ||
| 2005 | $46.26B | +20.4% | ||
| 2004 | $38.41B | +10.0% | ||
| 2003 | $34.93B | +7.8% | ||
| 2002 | $32.41B | -26.1% | ||
| 2001 | $43.87B | -2.7% | ||
| 2000 | $45.11B | +30.4% | ||
| 1999 | $34.59B | +11.1% | ||
| 1998 | $31.13B | +14.7% | ||
| 1997 | $27.13B | +200.5% | ||
| 1996 | $9.03B | +13.8% | ||
| 1995 | $7.93B | +20.2% | ||
| 1994 | $6.60B | +13.4% | ||
| 1993 | $5.82B | -0.5% | ||
| 1992 | $5.85B | +12.7% | ||
| 1991 | $5.19B | +8.5% | ||
| 1990 | $4.78B | +1.7% | ||
| 1989 | $4.70B | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Revenue 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
In 2025, Morgan Stanley (MS) revenue totalled $114.98B – 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.
$114.98B stands as the all-time-high annual revenue, posted in 2025, against a low of $0 during 1985.
Within Financial Services, Morgan Stanley (MS) ranks 7th among 8 peers we track. The peer median for revenue is $146.70B.
Morgan Stanley Revenue by Year
Morgan Stanley Revenue 2025: $114.98B
Morgan Stanley revenue in 2025 was $114.98B, grew 11.5% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Revenue 2024: $103.14B
Morgan Stanley revenue in 2024 was $103.14B, grew 16.8% from 2023.
Morgan Stanley Revenue 2023: $88.29B
Morgan Stanley revenue in 2023 was $88.29B, surged 41.3% from 2022.
Morgan Stanley Revenue 2022: $62.48B
Morgan Stanley revenue in 2022 was $62.48B, grew 8.1% from 2021.
Morgan Stanley Revenue 2021: $57.78B
Morgan Stanley revenue in 2021 was $57.78B.
See more financial history for Morgan Stanley (MS).
Sector peers — Revenue
Companies in the same sector as Morgan Stanley, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $371.44B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $279.75B | Financial Services |
| Bank of America Corporation (BAC) | $191.57B | Financial Services |
| Citigroup Inc. (C) | $168.30B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $125.10B | Financial Services |
| Wells Fargo & Company (WFC) | $123.53B | Financial Services |
| Visa Inc. (V) | $40.00B | Financial Services |
| Mastercard Incorporated (MA) | $32.79B | Financial Services |
Frequently asked questions
What is Morgan Stanley's revenue?
- Latest reported revenue for Morgan Stanley (MS) is $120.22B (period ending March 31, 2026).
How has Morgan Stanley revenue changed year-over-year?
- Morgan Stanley (MS) revenue changed +11.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley revenue?
- Morgan Stanley (MS) revenue compound annual growth rate is +18.3% over the most recent 5 years available.
When did Morgan Stanley revenue hit its highest annual value?
- Morgan Stanley revenue reached its highest annual value of $114.98B in 2025.
What was Morgan Stanley revenue in 2024?
- Morgan Stanley (MS) revenue in 2024 was $103.14B.
What was Morgan Stanley revenue in 2025?
- Morgan Stanley (MS) revenue in 2025 was $114.98B.
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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MS Overview
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