Morgan Stanley income statement MS-PI

Annual Quarterly

In Q3 of fiscal 2026, the quarter ended Sep 30, 2026, Morgan Stanley reported revenue of $20.3 billion, up 11.6% from the same quarter a year earlier. Net income was $4.9 billion, a profit margin of 24.1%. Diluted earnings per share were $3.03.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

TTM
Sep 30, 2026
Q3 FY2026
Sep 30, 2026
Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Revenue
80,156
+16.2%
20,338
+11.6%
21,348
+27.1%
20,580
+16.0%
17,890
+10.3%
18,224
+18.5%
16,792
+11.8%
17,739
+17.2%
16,223
+25.8%
Pretax income
26,597
+26.1%
6,478
+7.5%
7,348
+59.0%
7,011
+26.5%
5,760
+17.4%
6,028
+42.8%
4,622
+13.5%
5,544
+26.1%
4,906
+134.1%
Income tax
5,913
+23.8%
1,509
+9.9%
1,695
+61.9%
1,373
+17.1%
1,336
+13.0%
1,373
+38.0%
1,047
+9.4%
1,173
+25.7%
1,182
+113.0%
Net income
20,454
+26.4%
4,909
+6.5%
5,581
+57.7%
5,567
+29.0%
4,397
+18.4%
4,610
+44.6%
3,539
+15.1%
4,315
+26.5%
3,714
+144.8%
Net income to common
19,848
+27.5%
4,751
+6.8%
5,436
+60.3%
5,411
+30.2%
4,250
+19.2%
4,450
+47.0%
3,392
+15.3%
4,157
+27.3%
3,564
+157.7%
Basic EPS
12.75
+29.3%
3.07
+8.5%
3.50
+62.8%
3.47
+32.4%
2.72
+20.5%
2.83
+48.2%
2.15
+16.2%
2.62
+28.4%
2.25
+161.8%
Diluted EPS
12.60
+29.4%
3.03
+8.2%
3.46
+62.4%
3.43
+31.9%
2.68
+20.9%
2.80
+48.9%
2.13
+17.0%
2.60
+28.7%
2.22
+160.5%
Weighted average shares, basic
1,557
-1.4%
1,548
-1.5%
1,554
-1.5%
1,561
-1.5%
1,565
-1.1%
1,571
-1.1%
1,577
-1.1%
1,584
-1.1%
1,582
-1.6%
Weighted average shares, diluted
1,575
-1.4%
1,566
-1.5%
1,569
-1.5%
1,576
-1.5%
1,586
-1.4%
1,590
-1.2%
1,593
-1.1%
1,600
-1.0%
1,608
-1.1%
Other measures
Depreciation and amortization
4,171
-19.2%
1,117
-17.1%
1,202
-8.0%
714
-17.5%
1,138
-30.8%
1,348
+6.1%
1,307
+2.8%
865
-11.3%
1,645
+17.0%
Margins
Pretax margin
33.18%
31.85%
34.42%
34.07%
32.20%
33.08%
27.53%
31.25%
30.24%
Profit margin
25.52%
24.14%
26.14%
27.05%
24.58%
25.30%
21.08%
24.32%
22.89%
Effective tax rate
22.23%
23.29%
23.07%
19.58%
23.19%
22.78%
22.65%
21.16%
24.09%
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry
Security Brokers, Dealers & Flotation Companies (SIC 6211)
Listed as
MS (NYSE), MS-PK (NYSE), MS-PE (NYSE), MS-PA (NYSE), MS-PF (NYSE), MS-PI (NYSE), MS-PL (NYSE), MS-PO (NYSE), MS-PP (NYSE), MS-PQ (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
New York, NY
SEC filer status
Large accelerated filer
SEC CIK
895421
Former names
MORGAN STANLEY (until Nov 5, 2026); MORGAN STANLEY (until Nov 5, 2026); MORGAN STANLEY DEAN WITTER & CO (until Jul 12, 2002); MORGAN STANLEY DEAN WITTER DISCOVER & CO (until Mar 18, 1998); DEAN WITTER DISCOVER & CO (until May 8, 1997)

Other Security Brokers, Dealers & Flotation Companies companies

All 34 Security Brokers, Dealers & Flotation Companies companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.