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

Morgan Stanley (MS) has reported Operating Expenses for 18 consecutive years, with $13.9 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 16.1% year-over-year to $13.9 billion in Q2 2026; TTM through Jun 2026 was $51.7 billion, a 11.58% increase from a year earlier, with the FY2025 full-year figure at $48.3 billion, up 10.12% from the prior year.
• Operating Expenses was $13.9 billion for Q2 2026 at Morgan Stanley, up from $13.5 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $13.9 billion in Q2 2026 and troughed at $9.6 billion in Q3 2022.
• A 5-year average of $11.2 billion and a median of $10.8 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses decreased 4.03% in 2022 and rose 16.1% in 2026, its largest moves.
• Over 5 years, Operating Expenses stood at $9.9 billion in 2022, then advanced by 9.41% to $10.8 billion in 2023, then grew by 3.75% to $11.2 billion in 2024, then climbed by 8.12% to $12.1 billion in 2025, then rose by 14.78% to $13.9 billion in 2026.
• The last three Operating Expenses figures came in at $13.9 billion (Q2 2026), $13.5 billion (Q1 2026), and $12.1 billion (Q4 2025), per Business Quant data.