SuperworthMorgan Stanley revenue MS
Sales by quarter and over the last twelve months, from 2008.
- Last 12 months, to Sep 30, 2026
- $80.2B
- Latest quarter, Q3 FY26
- $20.3B
- +12% on a year earlier
- Fiscal year 2025
- $70.6B
- +14% on the year before
Morgan Stanley's revenue was $80.2B over the twelve months to Sep 30, 2026, up 16% on a year earlier.
In its latest quarter, Q3 FY26, it was $20.3B, up 12% on the same quarter a year before.
Over the five fiscal years to FY2025 it grew 8% a year on average.
Revenue over time
Fiscal year by fiscal year
| Fiscal year | Revenue | Change |
|---|---|---|
| FY2025 | $70.6B | +14% |
| FY2024 | $61.8B | +14% |
| FY2023 | $54.1B | +1% |
| FY2022 | $53.7B | −10% |
| FY2021 | $59.8B | +22% |
| FY2020 | $48.8B | +18% |
| FY2019 | $41.4B | +3% |
| FY2018 | $40.1B | +6% |
| FY2017 | $37.9B | +10% |
| FY2016 | $34.6B | −1% |
| FY2015 | $35.2B | +3% |
| FY2014 | $34.3B | +5% |
| FY2013 | $32.5B | +24% |
| FY2012 | $26.1B | −19% |
| FY2011 | $32.2B | +3% |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Revenue | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q3 FY26 | $20.3B | +12% | $80.2B | |
| Q2 FY26 | $21.3B | +27% | $78B | |
| Q1 FY26 | $20.6B | +16% | $73.5B | |
| Q4 FY25 | $17.9B | +10% | $70.6B | |
| Q3 FY25 | $18.2B | +18% | $69B | |
| Q2 FY25 | $16.8B | +12% | $66.1B | |
| Q1 FY25 | $17.7B | +17% | $64.4B | |
| Q4 FY24 | $16.2B | +26% | $61.8B | |
| Q3 FY24 | $15.4B | +16% | $58.4B | |
| Q2 FY24 | $15B | +12% | $56.3B | |
| Q1 FY24 | $15.1B | +4% | $54.8B | |
| Q4 FY23 | $12.9B | +1% | $54.1B |
Against its peers
Companies in Financial - Capital Markets nearest Morgan Stanley's size, closest first, today.
| Company | Revenue, 12 months | Growth |
|---|---|---|
| MSMorgan Stanley | $80.2B | +16% a year |
| GSGoldman Sachs | $69.7B | +19% a year |
| SCHWCharles Schwab | $27.1B | +18% a year |
| HOODRobinhood Markets | $4.9B | +38% a year |
| TWTradeweb Markets | $2.2B | +14% a year |
| Peer median | $16B |
Where Morgan Stanley ranks
What the revenue tells you
Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.
Growing revenue with shrinking margins is a warning, not a win.
More on Morgan Stanley
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.