Morgan Stanley Quarterly Income Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Morgan Stanley revenue and earnings
In the quarter ended Jun 30, 2026, Morgan Stanley generated $21.35 billion in revenue, up 27.1% from the same quarter a year earlier. Net income was $5.58 billion (+57.7% year over year), for a net margin of 26.1% versus a median of 24.6% in the prior 5 quarters. Diluted earnings per share came in at $3.46, up from $2.13.
Summary generated from market data by MetaCap's automated system. Methodology
Morgan Stanley income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.35B | 20.58B | 17.89B | 18.22B | 16.79B | 17.74B | 16.22B | 15.38B | 15.02B | 15.14B | 12.90B | 13.27B |
| Revenue growth (YoY) | +27.13% | +16.02% | +10.28% | +18.47% | +11.81% | +17.20% | +25.80% | +15.90% | +11.61% | +4.26% | +1.15% | +2.21% |
| Operating Expenses | 13.90B | 13.47B | 12.11B | 12.20B | 11.97B | 12.06B | 11.20B | 11.08B | 10.87B | 10.75B | 10.80B | 9.99B |
| Interest Expense | 13.12B | 12.57B | 12.10B | 12.96B | 12.56B | 11.39B | 10.94B | 11.99B | 11.46B | 11.13B | 12.16B | 11.33B |
| Pretax Income | 7.35B | 7.01B | 5.76B | 6.03B | 4.62B | 5.54B | 4.91B | 4.22B | 4.07B | 4.39B | 2.10B | 3.15B |
| Income Tax | 1.70B | 1.37B | 1.34B | 1.37B | 1.05B | 1.17B | 1.18B | 995.00M | 957.00M | 933.00M | 555.00M | 710.00M |
| Net Income | 5.58B | 5.57B | 4.40B | 4.61B | 3.54B | 4.32B | 3.71B | 3.19B | 3.08B | 3.41B | 1.52B | 2.41B |
| Net Income growth (YoY) | +57.70% | +29.02% | +18.39% | +44.60% | +15.05% | +26.47% | +144.83% | +32.39% | +40.97% | +14.50% | -32.16% | -8.51% |
| EPS (Basic) | 3.50 | 3.47 | 2.72 | 2.83 | 2.15 | 2.62 | 2.24 | 1.91 | 1.85 | 2.04 | 0.88 | 1.39 |
| EPS (Diluted) | 3.46 | 3.43 | 2.68 | 2.80 | 2.13 | 2.60 | 2.23 | 1.88 | 1.82 | 2.02 | 0.86 | 1.38 |
| Shares Outstanding (Basic) | 1.55B | 1.56B | — | 1.57B | 1.58B | 1.58B | — | 1.59B | 1.59B | 1.60B | — | 1.62B |
| Shares Outstanding (Diluted) | 1.57B | 1.58B | — | 1.59B | 1.59B | 1.60B | — | 1.61B | 1.61B | 1.62B | — | 1.64B |
| Net Margin | 26.14% | 27.05% | 24.58% | 25.30% | 21.08% | 24.32% | 22.89% | 20.72% | 20.48% | 22.54% | 11.76% | 18.14% |
This table shows 12 quarterly periods of Morgan Stanley's income statement, from Q2 2026 back to Q3 2023, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow MS's reporting calendar. What is a income statement?