Morgan Stanley (MS)
Investment bank combining institutional markets, wealth management and asset management.
$200.60
vs last close−5.53 (−2.68%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,567 | 24,192 | 25,349 | 25,486 | 26,328 | 25,982 | 27,912 | 28,162 | 30,048 | 28,861 | 33,150 | 34,470 |
| Cost of revenue | 10,283 | 12,164 | 11,128 | 11,538 | 12,068 | 11,054 | 11,530 | 12,754 | 12,965 | 12,117 | 12,668 | 13,220 |
| Gross profit | 12,284 | 12,028 | 14,221 | 13,948 | 14,260 | 14,928 | 16,382 | 15,408 | 17,083 | 16,744 | 20,482 | 21,250 |
| 9,139 | 9,932 | 9,826 | 9,874 | 10,039 | 10,022 | 10,838 | 10,786 | 11,055 | 10,984 | 13,471 | 13,852 | |
| 6,126 | 5,822 | 6,913 | 6,705 | 6,957 | 6,568 | 7,615 | 7,487 | 7,722 | 7,277 | 12,083 | 12,368 | |
| Selling & marketing | 191 | 224 | 217 | 245 | 224 | 279 | 238 | 297 | 280 | 358 | 310 | 401 |
| General & administrative | 5,935 | 5,598 | 6,696 | 6,460 | 6,733 | 6,289 | 7,377 | 7,190 | 7,442 | 6,919 | 11,773 | 11,967 |
| Other expenses | 3,013 | 4,110 | 2,913 | 3,169 | 3,082 | 3,454 | 3,223 | 3,299 | 3,333 | 3,707 | 1,388 | 1,485 |
| Operating income | 3,145 | 2,096 | 4,395 | 4,074 | 4,221 | 4,906 | 5,544 | 4,622 | 6,028 | 5,760 | 7,011 | 7,398 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −50 | |
| Interest income | 12,126 | 14,058 | 12,930 | 13,529 | 14,185 | 13,491 | 13,748 | 14,905 | 15,456 | 14,954 | 15,273 | 15,902 |
| Interest expense | 10,149 | 12,161 | 11,134 | 11,462 | 11,989 | 10,939 | 11,395 | 12,558 | 12,965 | 12,099 | 12,570 | 13,122 |
| Other non-operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 |
| Income before tax | 3,145 | 2,096 | 4,395 | 4,074 | 4,221 | 4,906 | 5,544 | 4,622 | 6,028 | 5,760 | 7,011 | 7,348 |
| Income tax expense | 710 | 555 | 933 | 957 | 995 | 1,182 | 1,173 | 1,047 | 1,373 | 1,336 | 1,373 | 1,695 |
| Net income from continuing operations | 2,435 | 1,541 | 3,462 | 3,117 | 3,226 | 3,724 | 4,371 | 3,575 | 4,655 | 4,424 | 5,638 | 5,653 |
| Net income | 2,408 | 1,517 | 3,412 | 3,076 | 3,188 | 3,714 | 4,315 | 3,539 | 4,610 | 4,397 | 5,638 | 5,581 |
| EPS, basic | $1.39 | $0.86 | $2.04 | $1.85 | $1.91 | $2.25 | $2.62 | $2.15 | $2.83 | $2.71 | $3.44 | $3.46 |
| EPS, diluted | $1.38 | $0.85 | $2.02 | $1.82 | $1.88 | $2.22 | $2.60 | $2.13 | $2.80 | $2.67 | $3.40 | $3.41 |
| Weighted average shares, basic | 1,624 | 1,606 | 1,601 | 1,594 | 1,588 | 1,583 | 1,584 | 1,577 | 1,571 | 1,571 | 1,571 | 1,571 |
| Weighted average shares, diluted | 1,643 | 1,627 | 1,616 | 1,611 | 1,609 | 1,608 | 1,600 | 1,593 | 1,593 | 1,593 | 1,593 | 1,593 |
| EBITDA | 4,133 | 3,502 | 5,370 | 5,345 | 5,491 | 6,551 | 6,409 | 5,929 | 7,376 | 6,898 | 7,725 | 7,348 |
| Depreciation & amortization | 988 | 1,406 | 975 | 1,271 | 1,270 | 1,645 | 865 | 1,307 | 1,348 | 1,138 | 714 | 0 |
| EBIT | 3,145 | 2,096 | 4,395 | 4,074 | 4,221 | 4,906 | 5,544 | 4,622 | 6,028 | 5,760 | 7,011 | 7,348 |