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

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

• Quarterly Operating Expenses rose 11.7% year-over-year to $13.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $49.8 billion (up 10.04% YoY) and the FY2025 annual result came in at $48.3 billion, up 10.12% from the prior year.
• Operating Expenses grew to $13.5 billion in Q1 2026 per MS-PI's latest filing, from $12.1 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $13.5 billion in Q1 2026 and bottomed at $9.6 billion in Q3 2022.
• The 5-year median for Operating Expenses is $10.8 billion (2023), against an average of $11.0 billion.
• The widest annual swing landed in 2022, when Operating Expenses retreated 4.03%; it then grew 12.22% in 2025.
• Tracing MS-PI's Operating Expenses over 5 years: stood at $9.9 billion in 2022, then gained by 9.41% to $10.8 billion in 2023, then climbed by 3.75% to $11.2 billion in 2024, then advanced by 8.12% to $12.1 billion in 2025, then gained by 11.22% to $13.5 billion in 2026.
• Per Business Quant, the three latest MS-PI Operating Expenses figures stand at $13.5 billion (Q1 2026), $12.1 billion (Q4 2025), and $12.2 billion (Q3 2025).

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