← MORGAN STANLEY

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Revenues:
Total non-interest revenues $30.9b $34.6b $36.3b $36.7b $41.9b $51.7b $44.3b $45.9b $53.1b $60.6b —
Interest Income (Expense), Net $3.7b
$3.3b -10.76%
$3.8b +15.33%
$4.7b +23.33%
$6.3b +34.49%
$8.0b +27.44%
$9.3b +15.94%
$8.2b -11.76%
$8.6b +4.63%
$10.0b +16.66%
$61.6b +513.03%
Marketing and Advertising Expense $587.0m $609.0m $691.0m $660.0m $434.0m $643.0m $905.0m $898.0m $965.0m $1.2b —
Labor and Related Expense $15.9b $17.2b $17.6b $18.8b $20.9b $24.6b $23.1b $24.6b $26.2b $29.2b —
Amortization of Intangible Assets $291.0m $309.0m $344.0m $314.0m $373.0m $612.0m $610.0m $601.0m $602.0m $454.0m —
Operating expenses:
Total non-interest expenses $25.8b $27.5b $28.9b $30.1b $33.8b $40.1b $39.3b $41.8b $43.9b $48.3b —
Interest Expense $3.3b $5.7b $10.1b $12.4b $3.8b $1.4b $12.3b $42.1b $45.5b $49.0b $50.8b
Interest Expense, Securities Sold under Agreements to Repurchase $977.0m — — — — $93.0m $1.8b $6.7b $10.8b $12.9b $50.8b
Interest Income, Operating — $1.3b $1.7b $2.2b $2.3b $2.8b $3.1b $4.0b $5.2b $5.3b $61.6b
Interest Income, Other — $2.2b $3.5b $3.8b $1.5b $1.6b $5.8b $13.0b $8.4b $9.8b $61.6b
Interest income $7.0b $9.0b $13.9b $17.1b $10.2b $9.4b $21.6b $50.3b $54.1b $59.1b $61.6b
Income (Loss) from Equity Method Investments ($79.0m) ($34.0m) $20.0m — — — — — — — —
Interest Income (Expense), Nonoperating, Net ($28.0m) $3.0m $40.0m ($8.0m) ($56.0m) ($14.0m) ($39.0m) ($65.0m) ($92.0m) ($109.0m) $61.6b
Income (Loss) from Continuing Operations before Income Taxes, Domestic $5.7b $5.7b — — — — — — — — $26.1b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $8.8b $10.4b $11.2b $11.3b $14.4b $19.7b $14.1b $11.8b $17.6b $22.0b $26.1b
Provision for income taxes $2.7b $4.2b $2.4b $2.1b $3.2b $4.5b $2.9b $2.6b $4.1b $4.9b —
Current Income Tax Expense (Benefit) $1.1b $1.4b $1.9b $1.9b $3.5b $4.5b $3.8b $3.0b $3.9b $4.4b $5.8b
Net Income (Loss) Attributable to Parent $6.0b
$6.1b +2.21%
$8.7b +43.15%
$9.0b +3.36%
$11.0b +21.61%
$15.0b +36.72%
$11.0b -26.64%
$9.1b -17.61%
$13.4b +47.35%
$16.9b +25.92%
$19.5b +15.93%
Net Income (Loss) Available to Common Stockholders, Basic $5.5b
$5.6b +1.45%
$8.2b +47.14%
$8.5b +3.53%
$10.5b +23.36%
$14.6b +38.72%
$10.5b -27.64%
$8.5b -19.07%
$12.8b +50.06%
$16.2b +26.95%
$19.5b +20.30%
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $144.0m $105.0m $135.0m $195.0m $183.0m $86.0m $150.0m $143.0m $139.0m $164.0m $19.5b
Preferred Stock Dividends, Income Statement Impact $471 $523 $526 $530 $496 $468 $489 $557 $590 $612 $608.0m
Income (Loss) from Continuing Operations, Per Basic Share $3 $3 $5 $5 — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $3 $3 $5 $5 — — — — — — —
Earnings Per Share, Basic $2.98 $3.14 $4.81 $5.26 $6.55 $8.16 $6.23 $5.24 $8.04 $10.32 $12.50
Earnings Per Share, Diluted $2.92 $3.07 $4.73 $5.19 $6.46 $8.03 $6.15 $5.18 $7.95 $10.21 $12.38
Common Stock, Dividends, Per Share, Declared $0.70 $0.90 $1.10 $1.30 $1.40 $2.10 $2.95 $3.25 $3.55 $3.85 —
Basic (in shares) $1.8b $1.8b $1.7b $1.6b $1.6b $1.8b $1.7b $1.6b $1.6b $1.6b $1.6b
Diluted (in shares) $1.9b $1.8b $1.7b $1.6b $1.6b $1.8b $1.7b $1.6b $1.6b $1.6b $1.6b
Weighted Average Number of Shares Outstanding, Basic 1.8b 1.8b 1.7b 1.6b 1.6b 1.8b 1.7b 1.6b 1.6b 1.6b 1.6b
Weighted Average Number of Shares Outstanding, Diluted 1.9b 1.8b 1.7b 1.6b 1.6b 1.8b 1.7b 1.6b 1.6b 1.6b 1.6b
Additional Financial Items
Depreciation, Depletion and Amortization, Nonproduction $1.7b $1.8b $1.8b $2.6b $3.8b $4.2b $4.0b $4.3b $5.2b $4.7b —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — $216.0m $488.0m $146.0m $230.0m —
Goodwill, Impairment Loss — — — — — — $0 $0 $0 $0 —
Other Interest and Dividend Income $1.2b — — — — — — — — — —
Investment banking $4.9b $6.0b $6.5b $6.2b $7.7b $11.0b $5.6b $4.9b $6.7b $8.2b $9.8b
Trading $10.2b $11.1b $11.6b $11.1b $14.0b $12.8b $13.9b $15.3b $16.8b $18.6b $20.4b
Investments $160.0m $820.0m $437.0m $1.5b $986.0m $1.4b $15.0m $573.0m $824.0m $1.4b —
Commissions and fees $4.1b $4.1b $4.2b $3.9b $4.9b $5.5b $4.9b $4.5b $5.1b $5.9b —
Asset management $10.7b $11.8b $12.9b $13.1b $14.3b $20.0b $19.6b $19.6b $22.5b $25.1b —
Other $2.2b $2.4b $2.5b $2.4b $3.3b $3.7b $3.6b $4.1b $3.7b $4.1b —
Net interest $3.7b $3.3b $3.8b $4.7b $6.3b $8.0b $9.3b $8.2b $8.6b $10.0b $10.8b
Provision for credit losses — — — $161.0m $761.0m $4.0m $280.0m $532.0m $264.0m $349.0m —
Compensation and benefits $15.9b $17.2b $17.6b $18.8b $20.9b $24.6b $23.1b $24.6b $26.2b $29.2b —
Brokerage, clearing and exchange fees $1.9b $2.1b $2.4b $2.5b $2.9b $3.3b $3.5b $3.5b $4.1b $4.7b —
Information processing and communications $1.8b $1.8b $2.0b $2.2b $2.5b $3.1b $3.5b $3.8b $4.1b $4.4b —
Professional services $2.1b $2.2b $2.3b $2.1b $2.2b $2.9b $3.1b $3.1b $2.9b $2.8b —
Occupancy and equipment $1.3b $1.3b $1.4b $1.4b $1.6b $1.7b $1.7b $1.9b $1.9b $1.9b $1.9b
Marketing and business development $587.0m $609.0m $691.0m $660.0m $434.0m $643.0m $905.0m $898.0m $965.0m $1.2b —
Earnings applicable to Morgan Stanley common shareholders $5.5b $5.6b $8.2b $8.5b $10.5b $14.6b $10.5b $8.5b $12.8b $16.2b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $6.1b $6.2b $8.9b $9.2b $11.2b — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.0m ($19.0m) ($4.0m) $0 $0 — — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.