Provides investment banking and securities services to corporations and investors.
Jun 2026Revenue $78.0B/yrExpenses $51.9B/yr
No trend
Figures by year
Is Morgan Stanley profitable?
Yes. In the 12 months to Jun 2026, revenue was $78.0B and expenses $51.9B.
| Fiscal year to | Revenue | Expenses | Pre-tax profit |
|---|---|---|---|
| Dec 2025 | $70.6B | $48.7B | $22.0B |
| Dec 2024 | $61.8B | $44.2B | $17.6B |
| Dec 2023 | $54.1B | $42.3B | $11.8B |
| Dec 2022 | $53.7B | $39.6B | $14.1B |
| Dec 2021 | $59.8B | $40.1B | $19.7B |
| Dec 2020 | $48.8B | $34.3B | $14.4B |
| Dec 2019 | $41.5B | $30.2B | $11.3B |
| Dec 2018 | $40.1B | $28.9B | $11.2B |
| Dec 2017 | $37.9B | $27.5B | $10.4B |
| Dec 2016 | $34.6B | $25.8B | $8.85B |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.