Morgan Stanley
$190.31Change from previous close: +1.22%Absolute change: +$2.30
At a glance
- Revenue growth
- +14.31%
- 2025 vs 2024
- Net income growth
- +25.92%
- 2025 vs 2024
- Net margin
- 24.0%
- 2024: 21.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 70,296 | 61,497 | 53,611 | 53,388 | 59,751 | 47,996 | 41,377 | 40,107 | 37,945 | 34,631 |
| Cost of revenue | 9,097 | 8,228 | 7,251 | 6,951 | 6,460 | 5,394 | 4,687 | 4,409 | 3,884 | 3,707 |
| Gross profit | 61,199 | 53,269 | 46,360 | 46,437 | 53,291 | 42,602 | 36,690 | 35,698 | 34,061 | 30,924 |
| Selling, general and administrative | 34,956 | 31,949 | 30,409 | 28,624 | 29,929 | 24,901 | 22,890 | 21,979 | 21,273 | 19,901 |
| Operating income | 26,243 | 21,320 | 15,951 | 17,813 | 23,362 | 17,701 | 13,800 | 13,719 | 12,788 | 11,023 |
| Interest expense | 49,017 | 45,524 | 37,619 | 12,268 | — | — | — | — | — | — |
| Pre-tax income | 21,954 | 17,596 | 11,813 | 14,089 | 19,668 | 14,418 | 11,301 | 11,237 | 10,403 | 8,848 |
| Income tax | 4,929 | 4,067 | 2,583 | 2,910 | 4,548 | 3,239 | 2,064 | 2,350 | 4,168 | 2,726 |
| Net income | 16,861 | 13,390 | 9,087 | 11,029 | 15,034 | 10,996 | 9,042 | 8,748 | 6,111 | 5,979 |
| Net income to common shareholders | 16,249 | 12,800 | 8,530 | 10,540 | 14,566 | 10,500 | 8,512 | 8,226 | 5,607 | 5,507 |
| Basic EPS | 10.32 | 8.05 | 5.24 | 6.23 | 8.16 | 6.55 | 5.26 | 4.82 | 3.15 | 2.98 |
| Diluted EPS | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 | 6.46 | 5.19 | 4.73 | 3.08 | 2.92 |
| Average shares (basic) | 1,574 | 1,591 | 1,628 | 1,691 | 1,785 | 1,603 | 1,617 | 1,708 | 1,780 | 1,849 |
| Average shares (diluted) | 1,592 | 1,611 | 1,646 | 1,713 | 1,814 | 1,624 | 1,640 | 1,738 | 1,821 | 1,887 |
| Dividend per share | 3.93 | 3.63 | 3.33 | 3.03 | 2.45 | 1.40 | 1.35 | 1.15 | 0.95 | 0.75 |