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Morgan Stanley revenue

Morgan Stanley's revenue was $70.64bn in fiscal 2025, up 14.4% on the year before. Since fiscal 2009 ($23.28bn) it has grown at a compound 7.2% a year. Over the last twelve months it was $78.04bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Morgan Stanley: revenue history, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue23.331.232.226.232.534.335.234.637.940.141.548.859.853.754.161.870.678.0
Growth on the year before—+34.1%+3.2%−18.8%+24.1%+5.5%+2.6%−1.5%+9.6%+5.7%+3.6%+17.4%+22.6%−10.2%+0.9%+14.1%+14.4%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Investment Banking & Brokerage: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Morgan Stanley $78.04bn 18.0% 13.3%
Goldman Sachs $69.70bn 18.7% 15.3%
Stonex Group Inc. $157.71bn 20.6% 37.5%
Charles Schwab Corporation $26.02bn 20.3% 7.8%
LPL Financial Holdings Inc. $20.40bn 31.0% 27.9%
Raymond James Financial $16.99bn 8.0% 10.8%

Compare with peers

Head to head: GS vs MSMS vs SNEXMS vs SCHW

More: Investment Banking & Brokerage stocks compared, Financials sector, rankings of US companies

Figures from Morgan Stanley's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Morgan Stanley.