Morgan Stanley (MS-PF) Operating Expenses (2009 - 2026)

Morgan Stanley (MS-PF) has 18 years of Operating Expenses data on file, last reported at $13.5 billion in Q1 2026.

• Operating Expenses for Q1 2026 came in at $13.5 billion, up 11.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $49.8 billion (up 10.04% YoY), and the FY2025 annual result was $48.3 billion, up 10.12% from the prior year.
• Operating Expenses rose to $13.5 billion in Q1 2026 per MS-PF's latest filing, from $12.1 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $13.5 billion in Q1 2026 and troughed at $9.6 billion in Q3 2022.
• A 5-year average of $11.0 billion and a median of $10.8 billion in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses slipped 4.03% in 2022, then rose 12.22% in 2025.
• A 5-year view of Operating Expenses shows it stood at $9.9 billion in 2022, then climbed by 9.41% to $10.8 billion in 2023, then increased by 3.75% to $11.2 billion in 2024, then grew by 8.12% to $12.1 billion in 2025, then climbed by 11.22% to $13.5 billion in 2026.
• Business Quant data shows MS-PF's Operating Expenses at $13.5 billion in Q1 2026, $12.1 billion in Q4 2025, and $12.2 billion in Q3 2025.