Morgan Stanley (MS-PF) Operating Expenses (2016 - 2026)

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

  • On a quarterly basis, Operating Expenses rose 11.7% to $13.5 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $49.8 billion, a 10.04% increase, with the full-year FY2025 number at $48.3 billion, up 10.12% from a year prior.
  • Operating Expenses reached $13.5 billion in Q1 2026 per MS-PF's latest filing, up from $12.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for MS-PF hit a ceiling of $13.5 billion in Q1 2026 and a floor of $9.6 billion in Q3 2022.
  • A 5-year average of $11.0 billion and a median of $10.8 billion in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: decreased 4.03% in 2022, then increased 12.22% in 2025.
  • Tracing MS-PF's Operating Expenses over 5 years: stood at $9.9 billion in 2022, then rose 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 rose by 11.22% to $13.5 billion in 2026.
  • Business Quant data shows Operating Expenses for MS-PF at $13.5 billion in Q1 2026, $12.1 billion in Q4 2025, and $12.2 billion in Q3 2025.