Morgan Stanley
Morgan Stanley’s revenue for fiscal 2025 (year ended December 2025) was $119.7 billion, up 11.5% from fiscal 2024.
- Revenue
- +6.69%
- EPS
- +8.48%
- Free cash flow
- −132.2%
- Total debt
- +19.4%
Quarter to September 2026, against a year earlier
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Morgan Stanley (MS) Revenue growth
Morgan Stanley's revenue growth over the twelve months to 30 September 2026 was 12.0%, up 0.5 percentage points from fiscal 2025 (11.5%). Over the past ten years it has ranged from −2.48% (fiscal 2020) to 39.2% (fiscal 2023); the current reading is higher than 55% of that period. That is below the Capital Markets industry median of 19.7% and above the Financial sector median of 7.33%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 11.5% | (5.38) |
| FY2024 | 16.9% | (22.25) |
| FY2023 | 39.2% | 31.29 |
| FY2022 | 7.88% | (8.31) |
| FY2021 | 16.2% | 18.67 |
| FY2020 | −2.48% | (9.95) |
| FY2019 | 7.47% | (7.54) |
| FY2018 | 15.0% | 0.01 |
| FY2017 | 15.0% | 14.86 |
| FY2016 | 0.14% | (10.43) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Sep 2026 | 6.69% | (10.75) |
| Jun 2026 | 17.4% | 3.66 |
| Mar 2026 | 13.8% | 3.37 |
| Dec 2025 | 10.4% | (3.53) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| LPLA LPL Financial Holdings Inc. compare | 31.0% |
| CRCL Circle Internet Group, Inc. compare | 25.1% |
| HOOD Robinhood Markets, Inc. compare | 20.9% |
| IBKR Interactive Brokers Group, Inc. compare | 19.7% |
| GS The Goldman Sachs Group, Inc. compare | 18.7% |
| SCHW The Charles Schwab Corporation compare | 18.1% |
| TW Tradeweb Markets Inc. compare | 14.4% |
| MS Morgan Stanley | 12.0% |
| NMR Nomura Holdings Inc ADR compare | 5.00% |
| Capital Markets industry median | 19.7% |
| Financial sector median | 7.33% |
| Market median | 7.58% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on MS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Piotroski F-score
- The full statement