Morgan Stanley (MS) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how Morgan Stanley generates earnings and manages operating expenses.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2025)
2025
(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Total Interest Income59,063.00
Total Interest Expense0.00
Net Interest Income10,046.00
Total Net Interest Income10,046.00
Service Fees, Investment Banking, Brokerage and Other Transactions53,251.00
Other income1,412.00
Other Non-Interest Income5,587.00
Total Non-interest Income60,599.00
Total Revenues70,645.00
Costs & Expenses
Salaries & employee benefits, SGA1,173.00
Communications, Occupancy and Information Technology1,872.00
Professional Fees and Commission2,839.00
Other Noninterest Expense4,145.00
Total noninterest revenues38,313.00
Total Operating Expenses48,342.00
Total Costs & Expenses48,342.00
Income & Taxes
Income /-loss before income taxes21,954.00
Income taxes expenses/-benefit4,929.00
Income after income taxes17,025.00
Income /-loss after income taxes17,025.00
Nonredeemable Noncontrolling Interest164.00
Net Income/-loss17,025.00
Non-controlling interests164.00
Preferred dividends612.00
Income/-loss to shareholder16,249.00
Earnings Per Share
Basic EPS (excl. extra items)10.32
Basic Net EPS10.32
Basic shares outstanding (Mill. of Units)1,574.00
Diluted Net EPS10.21
Diluted average shares (Mill. of Units)1,592.00
Dividend per share4.14
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About Morgan Stanley Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: February 19, 2026
  • Original filing: ms-20251231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.