Morgan Stanley revenue 1985–2026What is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement.
Morgan Stanley's revenue in Q3 FY2026, the three months to 30 September 2026, was 20.34B USD, up 19.1% on the same quarter a year before. Morgan Stanley's revenue over the last twelve months was 79.03B USD, up 23.0% on the twelve months before. In fiscal year 2025 it was 65.97B USD, up 14.5% on the year before.
Last updated 8 Nov 2026 · Next report 14 Jan 2027
Revenue
Growth
| Fiscal year | Period ending | Revenue | Growth | Gross profit | Net income |
|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 79.03B | +23.01% | 78.67B | 20.53B |
| FY2025 | 31 Dec 2025 | 65.97B | +14.48% | 65.62B | 16.86B |
| FY2024 | 31 Dec 2024 | 57.62B | +13.72% | 57.36B | 13.39B |
| FY2023 | 31 Dec 2023 | 50.67B | +0.91% | 50.14B | 9.09B |
| FY2022 | 31 Dec 2022 | 50.21B | -11.00% | 49.93B | 11.03B |
| FY2021 | 31 Dec 2021 | 56.41B | +23.10% | 56.41B | 15.03B |
| FY2020 | 31 Dec 2020 | 45.83B | +17.37% | 45.07B | 11.00B |
| FY2019 | 31 Dec 2019 | 39.05B | +3.53% | 38.88B | 9.04B |
| FY2018 | 31 Dec 2018 | 37.71B | +5.19% | 37.71B | 8.75B |
| FY2017 | 31 Dec 2017 | 35.85B | +9.60% | 35.85B | 6.11B |
| FY2016 | 31 Dec 2016 | 32.71B | -1.66% | 32.71B | 5.98B |
| FY2015 | 31 Dec 2015 | 33.26B | +2.45% | 33.26B | 6.13B |
| FY2014 | 31 Dec 2014 | 32.47B | +5.48% | 32.47B | 3.47B |
| FY2013 | 31 Dec 2013 | 30.78B | +24.91% | 30.78B | 2.93B |
| FY2012 | 31 Dec 2012 | 24.64B | -19.45% | 24.64B | 66.00M |
| FY2011 | 31 Dec 2011 | 30.59B | +4.20% | 30.59B | 4.09B |
| FY2010 | 31 Dec 2010 | 29.36B | +35.94% | 29.36B | 4.70B |
| FY2009 | 31 Dec 2009 | 21.60B | +22.29% | 21.60B | 1.35B |
| FY2008 | 31 Dec 2008 | 17.66B | -29.31% | 17.66B | 1.71B |
| FY2007 | 30 Nov 2007 | 24.99B | -12.31% | 24.99B | 3.21B |
| FY2006 | 30 Nov 2006 | 28.49B | +25.49% | 27.74B | 7.47B |
| FY2005 | 30 Nov 2005 | 22.71B | -4.20% | 21.83B | 4.94B |
| FY2004 | 30 Nov 2004 | 23.70B | +7.13% | 22.78B | 4.49B |
| FY2003 | 30 Nov 2003 | 22.12B | +8.21% | 20.86B | 3.79B |
| FY2002 | 30 Nov 2002 | 20.45B | -11.47% | 19.11B | 2.99B |
| FY2001 | 30 Nov 2001 | 23.10B | -14.24% | 22.04B | 3.52B |
| FY2000 | 30 Nov 2000 | 26.93B | +22.01% | 26.12B | 5.46B |
| FY1999 | 30 Nov 1999 | 22.07B | +25.29% | 21.55B | 4.79B |
| FY1998 | 30 Nov 1998 | 17.62B | +7.91% | 16.44B | 3.28B |
| FY1997 | 30 Nov 1997 | 16.33B | +118.78% | 14.83B | 2.59B |
| FY1996 | 31 Dec 1996 | 7.46B | +16.24% | 6.23B | 951.40M |
| FY1995 | 31 Dec 1995 | 6.42B | +15.58% | 5.68B | 856.40M |
| FY1994 | 31 Dec 1994 | 5.55B | +10.94% | 5.01B | 740.90M |
| FY1993 | 31 Dec 1993 | 5.01B | +236.63% | 4.55B | 603.60M |
| FY1992 | 31 Jan 1993 | 1.49B | +17.52% | 1.49B | 510.50M |
| FY1991 | 31 Dec 1991 | 1.27B | +18.05% | 1.27B | 475.10M |
| FY1990 | 31 Dec 1990 | 1.07B | -19.05% | 1.07B | 270.40M |
| FY1989 | 31 Dec 1989 | 1.32B | — | 1.32B | 443.00M |
| FY1988 | 31 Dec 1988 | 0.00 | — | -1.90B | 394.60M |
| FY1987 | 31 Dec 1987 | 0.00 | — | 0.00 | 230.90M |
| FY1986 | 31 Dec 1986 | 0.00 | — | -1.04B | 201.30M |
| FY1985 | 31 Dec 1985 | 0.00 | — | -900.20M | 105.90M |
| Quarter | Period ending | Revenue | Growth on a year before | Gross profit | Net income |
|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 20.34B | +19.05% | 20.19B | 4.91B |
| Q2 FY2026 | 30 Jun 2026 | 21.35B | +36.81% | 21.25B | 5.58B |
| Q1 FY2026 | 31 Mar 2026 | 20.58B | +24.60% | 20.48B | 5.64B |
| Q4 FY2025 | 31 Dec 2025 | 16.76B | +11.43% | 16.74B | 4.40B |
| Q3 FY2025 | 30 Sept 2025 | 17.08B | +19.14% | 17.08B | 4.61B |
| Q2 FY2025 | 30 Jun 2025 | 15.60B | +11.27% | 15.41B | 3.54B |
| Q1 FY2025 | 31 Mar 2025 | 16.52B | +16.19% | 16.38B | 4.32B |
| Q4 FY2024 | 31 Dec 2024 | 15.04B | +25.04% | 14.93B | 3.71B |
| Q3 FY2024 | 30 Sept 2024 | 14.34B | +15.47% | 14.26B | 3.19B |
| Q2 FY2024 | 30 Jun 2024 | 14.02B | +11.46% | 13.95B | 3.08B |
| Q1 FY2024 | 31 Mar 2024 | 14.22B | +4.25% | 14.22B | 3.41B |
| Q4 FY2023 | 31 Dec 2023 | 12.03B | +1.12% | 12.03B | 1.52B |
| Q3 FY2023 | 30 Sept 2023 | 12.42B | +2.30% | 12.28B | 2.41B |
| Q2 FY2023 | 30 Jun 2023 | 12.58B | +2.68% | 12.42B | 2.18B |
| Q1 FY2023 | 31 Mar 2023 | 13.64B | -2.03% | 13.40B | 2.98B |
| Q4 FY2022 | 31 Dec 2022 | 11.90B | -13.24% | 11.81B | 2.24B |
| Q3 FY2022 | 30 Sept 2022 | 12.14B | -12.84% | 12.10B | 2.63B |
| Q2 FY2022 | 30 Jun 2022 | 12.25B | -12.25% | 12.15B | 2.50B |
| Q1 FY2022 | 31 Mar 2022 | 13.92B | -6.01% | 13.86B | 3.67B |
| Q4 FY2021 | 31 Dec 2021 | 13.71B | +6.60% | 13.71B | 3.70B |
| Q3 FY2021 | 30 Sept 2021 | 13.93B | +20.13% | 13.90B | 3.71B |
| Q2 FY2021 | 30 Jun 2021 | 13.96B | +1.91% | 13.89B | 3.51B |
| Q1 FY2021 | 31 Mar 2021 | 14.81B | +32.39% | 14.91B | 4.12B |
| Q4 FY2020 | 31 Dec 2020 | 12.86B | +25.82% | 12.86B | 3.39B |
| Q3 FY2020 | 30 Sept 2020 | 11.59B | +23.41% | 10.91B | 2.72B |
| Q2 FY2020 | 30 Jun 2020 | 13.70B | +42.52% | 12.71B | 3.20B |
| Q1 FY2020 | 31 Mar 2020 | 11.19B | +15.40% | 8.63B | 1.70B |
| Q4 FY2019 | 31 Dec 2019 | 10.22B | +28.60% | 10.22B | 2.24B |
| Q3 FY2019 | 30 Sept 2019 | 9.40B | +0.88% | 9.40B | 2.17B |
| Q2 FY2019 | 30 Jun 2019 | 9.61B | -3.87% | 9.61B | 2.20B |
| Q1 FY2019 | 31 Mar 2019 | 9.69B | -7.24% | 9.69B | 2.43B |
| Q4 FY2018 | 31 Dec 2018 | 7.95B | -11.30% | 7.95B | 1.53B |
| Q3 FY2018 | 30 Sept 2018 | 9.31B | +7.35% | 9.31B | 2.11B |
| Q2 FY2018 | 30 Jun 2018 | 10.00B | +11.39% | 10.00B | 2.44B |
| Q1 FY2018 | 31 Mar 2018 | 10.45B | +13.14% | 10.45B | 2.67B |
| Q4 FY2017 | 31 Dec 2017 | 8.96B | +4.94% | 8.96B | 643.00M |
| Q3 FY2017 | 30 Sept 2017 | 8.68B | +3.05% | 8.68B | 1.78B |
| Q2 FY2017 | 30 Jun 2017 | 8.98B | +6.56% | 8.98B | 1.76B |
| Q1 FY2017 | 31 Mar 2017 | 9.24B | +26.05% | 9.24B | 1.93B |
| Q4 FY2016 | 31 Dec 2016 | 8.54B | +17.31% | 8.54B | 1.67B |
| Q3 FY2016 | 30 Sept 2016 | 8.42B | +15.60% | 8.42B | 1.60B |
| Q2 FY2016 | 30 Jun 2016 | 8.43B | -8.98% | 8.43B | 1.58B |
| Q1 FY2016 | 31 Mar 2016 | 7.33B | -22.42% | 7.33B | 1.13B |
| Q4 FY2015 | 31 Dec 2015 | 7.28B | -0.21% | 7.28B | 908.00M |
| Q3 FY2015 | 30 Sept 2015 | 7.28B | -14.03% | 7.28B | 1.02B |
| Q2 FY2015 | 30 Jun 2015 | 9.26B | +13.57% | 9.26B | 1.81B |
| Q1 FY2015 | 31 Mar 2015 | 9.44B | +10.42% | 9.44B | 2.39B |
| Q4 FY2014 | 31 Dec 2014 | 7.30B | -1.58% | 7.30B | -1.63B |
| Q3 FY2014 | 30 Sept 2014 | 8.47B | +15.55% | 8.47B | 1.69B |
| Q2 FY2014 | 30 Jun 2014 | 8.15B | +1.13% | 8.15B | 1.90B |
| Q1 FY2014 | 31 Mar 2014 | 8.55B | +10.76% | 8.55B | 1.51B |
| Q4 FY2013 | 31 Dec 2013 | 7.41B | +42.07% | 7.41B | 84.00M |
| Q3 FY2013 | 30 Sept 2013 | 7.33B | +48.95% | 7.54B | 906.00M |
| Q2 FY2013 | 30 Jun 2013 | 8.06B | +23.28% | 8.06B | 980.00M |
| Q1 FY2013 | 31 Mar 2013 | 7.72B | +18.42% | 7.72B | 962.00M |
| Q4 FY2012 | 31 Dec 2012 | 5.22B | +36.70% | 5.22B | 594.00M |
| Q3 FY2012 | 30 Sept 2012 | 4.92B | -49.84% | 4.92B | -1.02B |
| Q2 FY2012 | 30 Jun 2012 | 6.54B | -29.00% | 6.54B | 591.00M |
| Q1 FY2012 | 31 Mar 2012 | 6.52B | -13.90% | 6.52B | -94.00M |
| Q4 FY2011 | 31 Dec 2011 | 3.82B | -34.69% | 3.82B | -250.00M |
| Q3 FY2011 | 30 Sept 2011 | 9.81B | +44.69% | 9.81B | 2.20B |
| Q2 FY2011 | 30 Jun 2011 | 9.21B | +15.62% | 9.21B | 1.19B |
| Q1 FY2011 | 31 Mar 2011 | 7.57B | -16.51% | 7.57B | 968.00M |
| Q4 FY2010 | 31 Dec 2010 | 5.84B | +25.81% | 5.84B | 836.00M |
| Q3 FY2010 | 30 Sept 2010 | 6.78B | -19.93% | 6.78B | 131.00M |
| Q2 FY2010 | 30 Jun 2010 | 7.96B | +53.22% | 7.96B | 1.96B |
| Q1 FY2010 | 31 Mar 2010 | 9.07B | +213.15% | 9.07B | 1.78B |
| Q4 FY2009 | 31 Dec 2009 | 4.65B | — | 4.65B | 617.00M |
| Q3 FY2009 | 30 Sept 2009 | 8.47B | — | 8.47B | 757.00M |
| Q2 FY2009 | 30 Jun 2009 | 5.20B | — | 5.20B | 149.00M |
| Q1 FY2009 | 31 Mar 2009 | 2.90B | — | 2.90B | -177.00M |
| Q4 FY2008 | 30 Nov 2008 | 3.17B | -75.70% | -2.83B | -2.30B |
| Q3 FY2008 | 31 Aug 2008 | 8.06B | +1.24% | 8.06B | 1.43B |
| Q2 FY2008 | 31 May 2008 | 6.53B | -37.96% | 6.53B | 1.03B |
| Q1 FY2008 | 29 Feb 2008 | 8.32B | -25.65% | 8.32B | 1.55B |
| Q4 FY2007 | 30 Nov 2007 | 13.06B | +72.73% | -2.11B | -3.59B |
| Q3 FY2007 | 31 Aug 2007 | 7.96B | +12.34% | 7.96B | 1.54B |
| Q2 FY2007 | 31 May 2007 | 10.52B | +18.82% | 10.32B | 2.58B |
| Q1 FY2007 | 28 Feb 2007 | 11.19B | +28.55% | 11.00B | 2.67B |
| Q4 FY2006 | 30 Nov 2006 | 7.56B | +8.58% | 7.32B | 2.21B |
| Q3 FY2006 | 31 Aug 2006 | 7.08B | -1.21% | 6.85B | 1.85B |
| Q2 FY2006 | 31 May 2006 | 8.86B | +41.94% | 8.73B | 1.84B |
| Q1 FY2006 | 28 Feb 2006 | 8.71B | +26.19% | 8.55B | 1.57B |
| Q4 FY2005 | 30 Nov 2005 | 6.96B | +17.52% | 6.65B | 2.47B |
| Q3 FY2005 | 31 Aug 2005 | 7.17B | +27.19% | 6.95B | 144.00M |
| Q2 FY2005 | 31 May 2005 | 6.24B | -8.91% | 6.03B | 928.00M |
| Q1 FY2005 | 28 Feb 2005 | 6.90B | +7.64% | 6.77B | 1.40B |
| Q4 FY2004 | 30 Nov 2004 | 5.92B | +9.71% | 5.70B | 1.20B |
| Q3 FY2004 | 31 Aug 2004 | 5.64B | +3.37% | 5.40B | 837.00M |
| Q2 FY2004 | 31 May 2004 | 6.85B | +27.85% | 6.65B | 1.22B |
| Q1 FY2004 | 29 Feb 2004 | 6.41B | +10.25% | 6.15B | 1.23B |
| Q4 FY2003 | 30 Nov 2003 | 5.40B | +18.19% | 5.09B | 1.01B |
| Q3 FY2003 | 31 Aug 2003 | 5.45B | +9.78% | 5.14B | 1.04B |
| Q2 FY2003 | 31 May 2003 | 5.36B | +0.87% | 5.05B | 599.00M |
| Q1 FY2003 | 28 Feb 2003 | 5.81B | +3.64% | 5.48B | 905.00M |
| Q4 FY2002 | 30 Nov 2002 | 4.57B | +0.99% | 4.25B | 732.00M |
| Q3 FY2002 | 31 Aug 2002 | 4.97B | -8.83% | 4.64B | 611.00M |
| Q2 FY2002 | 31 May 2002 | 5.31B | -14.31% | 4.97B | 797.00M |
| Q1 FY2002 | 28 Feb 2002 | 5.61B | -13.81% | 5.27B | 848.00M |
| Q4 FY2001 | 30 Nov 2001 | 4.52B | -22.84% | 4.19B | 870.00M |
| Q3 FY2001 | 31 Aug 2001 | 5.45B | -16.22% | 5.17B | 705.00M |
| Q2 FY2001 | 31 May 2001 | 6.20B | -14.76% | 5.97B | 930.00M |
| Q1 FY2001 | 28 Feb 2001 | 6.51B | -14.74% | 6.30B | 1.02B |
| Q4 FY2000 | 30 Nov 2000 | 5.86B | +1.45% | 5.65B | 1.21B |
| Q3 FY2000 | 31 Aug 2000 | 6.50B | +19.51% | 6.33B | 1.25B |
| Q2 FY2000 | 31 May 2000 | 7.27B | +26.16% | 7.07B | 1.46B |
| Q1 FY2000 | 29 Feb 2000 | 7.63B | +38.40% | 7.41B | 1.54B |
| Q4 FY1999 | 30 Nov 1999 | 5.78B | +38.16% | 5.66B | 1.63B |
| Q3 FY1999 | 31 Aug 1999 | 5.44B | +32.06% | 5.33B | 970.00M |
| Q2 FY1999 | 31 May 1999 | 5.76B | +18.26% | 5.65B | 1.15B |
| Q1 FY1999 | 28 Feb 1999 | 5.52B | +24.23% | 5.34B | 1.04B |
| Q4 FY1998 | 30 Nov 1998 | 4.18B | +2.37% | 3.97B | 1.09B |
| Q3 FY1998 | 31 Aug 1998 | 4.12B | -8.26% | 3.84B | 626.00M |
| Q2 FY1998 | 31 May 1998 | 4.87B | +25.04% | 4.60B | 852.00M |
| Q1 FY1998 | 28 Feb 1998 | 4.44B | — | 4.04B | 574.00M |
| Q4 FY1997 | 30 Nov 1997 | 4.09B | — | 3.73B | 810.00M |
| Q3 FY1997 | 31 Aug 1997 | 4.49B | — | 4.11B | 678.00M |
| Q2 FY1997 | 31 May 1997 | 3.90B | — | 3.52B | 527.00M |
| Q1 FY1997 | 31 Mar 1997 | 2.03B | +14.27% | 1.65B | 276.30M |
| Q4 FY1996 | 31 Dec 1996 | 2.04B | +18.15% | 1.61B | 227.80M |
| Q3 FY1996 | 30 Sept 1996 | 3.11B | +89.43% | 2.81B | 450.00M |
| Q2 FY1996 | 30 Jun 1996 | 1.82B | +16.22% | 1.54B | 238.80M |
| Q1 FY1996 | 31 Mar 1996 | 1.78B | +19.30% | 1.55B | 245.80M |
| Q4 FY1995 | 31 Dec 1995 | 1.72B | +17.44% | 1.43B | 178.10M |
| Q3 FY1995 | 30 Sept 1995 | 1.64B | +19.36% | 1.45B | 218.70M |
| Q2 FY1995 | 30 Jun 1995 | 1.56B | +17.08% | 1.42B | 237.50M |
| Q1 FY1995 | 31 Mar 1995 | 1.49B | +8.36% | 1.37B | 222.10M |
| Q4 FY1994 | 31 Dec 1994 | 1.47B | +12.79% | 1.26B | 140.00M |
| Q3 FY1994 | 30 Sept 1994 | 1.38B | +6.67% | 1.24B | 184.50M |
| Q2 FY1994 | 30 Jun 1994 | 1.33B | +7.52% | 1.24B | 206.90M |
| Q1 FY1994 | 31 Mar 1994 | 1.37B | +17.23% | 1.27B | 209.50M |
| Q4 FY1993 | 31 Dec 1993 | 1.30B | — | 1.15B | 138.50M |
| Q3 FY1993 | 30 Sept 1993 | 1.29B | — | 1.18B | 171.60M |
| Q2 FY1993 | 30 Jun 1993 | 1.24B | — | 1.14B | 157.10M |
| Q1 FY1993 | 31 Mar 1993 | 1.17B | — | 1.08B | 136.40M |
| Q4 FY1992 | 31 Jan 1993 | 355.00M | — | 355.00M | 141.90M |
| Q3 FY1992 | 31 Oct 1992 | 317.00M | — | 317.00M | 110.60M |
| Q2 FY1992 | 31 Jul 1992 | 418.40M | — | 418.40M | 119.00M |
| Q1 FY1992 | 30 Apr 1992 | 396.80M | — | 396.80M | 139.10M |
| Q4 FY1991 | 31 Dec 1991 | 374.40M | +46.36% | 374.40M | 132.40M |
| Q3 FY1991 | 30 Sept 1991 | 305.80M | +5.89% | 305.80M | 121.80M |
| Q2 FY1991 | 30 Jun 1991 | 286.20M | -38.85% | 286.20M | 100.90M |
| Q1 FY1991 | 31 Mar 1991 | 298.90M | +14.30% | 298.90M | 120.10M |
| Q4 FY1990 | 31 Dec 1990 | 255.80M | -35.47% | 255.80M | 58.30M |
| Q3 FY1990 | 30 Sept 1990 | 288.80M | +1.48% | 288.80M | 71.90M |
| Q2 FY1990 | 30 Jun 1990 | 468.00M | +44.27% | 468.00M | 58.00M |
| Q1 FY1990 | 31 Mar 1990 | 261.50M | — | 261.50M | 82.10M |
| Q4 FY1989 | 31 Dec 1989 | 396.40M | — | 396.40M | 148.60M |
| Q3 FY1989 | 30 Sept 1989 | 284.60M | — | 284.60M | 101.10M |
| Q2 FY1989 | 30 Jun 1989 | 324.40M | — | 324.40M | 112.10M |
| Q1 FY1989 | 31 Mar 1989 | 0.00 | — | 0.00 | 81.10M |
| Q4 FY1988 | 31 Dec 1988 | 0.00 | — | 0.00 | 108.30M |
| Q3 FY1988 | 30 Sept 1988 | 0.00 | — | 0.00 | 52.40M |
| Q2 FY1988 | 30 Jun 1988 | 0.00 | — | 0.00 | 135.30M |
| Q1 FY1988 | 31 Mar 1988 | 0.00 | — | 0.00 | 98.60M |
| Q4 FY1987 | 31 Dec 1987 | 0.00 | — | 0.00 | 31.30M |
| Q3 FY1987 | 30 Sept 1987 | 0.00 | — | 0.00 | 72.90M |
| Q2 FY1987 | 30 Jun 1987 | 0.00 | — | 0.00 | 62.40M |
| Q1 FY1987 | 31 Mar 1987 | 0.00 | — | 0.00 | 64.30M |
| Q4 FY1986 | 31 Dec 1986 | 0.00 | — | 0.00 | 58.30M |
| Q3 FY1986 | 30 Sept 1986 | 0.00 | — | 0.00 | 39.50M |
| Q2 FY1986 | 30 Jun 1986 | 0.00 | — | 0.00 | 45.50M |
| Q1 FY1986 | 31 Mar 1986 | 0.00 | — | 0.00 | 58.00M |
| Q4 FY1985 | 31 Dec 1985 | 0.00 | — | 0.00 | 26.50M |
| Q3 FY1985 | 30 Sept 1985 | 0.00 | — | 0.00 | 26.50M |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Morgan Stanley revenue growth by segment
Q3 FY2026 against Q3 FY2025
Morgan Stanley revenue by segment over time
See also:Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Morgan Stanley's revenue
Source: Financial Modeling Prep
