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Morgan Stanley (MS-PO) Operating Expenses (2016 - 2025)

Morgan Stanley (MS-PO) has disclosed Operating Expenses for 17 consecutive years, with $12.1 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 8.12% to $12.1 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $48.3 billion through Dec 2025, up 10.12% year-over-year, with the annual reading at $48.3 billion for FY2025, 10.12% up from the prior year.
  • Operating Expenses for Q4 2025 was $12.1 billion at Morgan Stanley, down from $12.2 billion in the prior quarter.
  • The five-year high for Operating Expenses was $12.2 billion in Q3 2025, with the low at $9.6 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $10.7 billion, with a median of $10.5 billion recorded in 2023.
  • The sharpest move saw Operating Expenses soared 44.93% in 2021, then dropped 4.03% in 2022.
  • Over 5 years, Operating Expenses stood at $9.6 billion in 2021, then grew by 2.42% to $9.9 billion in 2022, then increased by 9.41% to $10.8 billion in 2023, then grew by 3.75% to $11.2 billion in 2024, then rose by 8.12% to $12.1 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $12.1 billion, $12.2 billion, and $12.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.