KPIs & Operating Metrics(New)

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

Historic Operating Expenses for Morgan Stanley (MS) over the last 17 years, with Q3 2025 value amounting to $12.2 billion.

  • Morgan Stanley's Operating Expenses rose 1004.24% to $12.2 billion in Q3 2025 from the same period last year, while for Sep 2025 it was $47.4 billion, marking a year-over-year increase of 904.91%. This contributed to the annual value of $43.9 billion for FY2024, which is 503.13% up from last year.
  • Per Morgan Stanley's latest filing, its Operating Expenses stood at $12.2 billion for Q3 2025, which was up 1004.24% from $12.0 billion recorded in Q2 2025.
  • Over the past 5 years, Morgan Stanley's Operating Expenses peaked at $12.2 billion during Q3 2025, and registered a low of $9.6 billion during Q3 2022.
  • For the 5-year period, Morgan Stanley's Operating Expenses averaged around $10.6 billion, with its median value being $10.5 billion (2023).
  • Per our database at Business Quant, Morgan Stanley's Operating Expenses surged by 4493.5% in 2021 and then tumbled by 403.16% in 2022.
  • Quarter analysis of 5 years shows Morgan Stanley's Operating Expenses stood at $9.6 billion in 2021, then rose 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 grew by 8.87% to $12.2 billion in 2025.
  • Its Operating Expenses was $12.2 billion in Q3 2025, compared to $12.0 billion in Q2 2025 and $12.1 billion in Q1 2025.