KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Asset ManagementConsolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Financial Services FeesIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest Expense - DebtInterest Expense - DepositsInterest Expense - Fed FundsInterest ExpensesInterest ExpensesInterest Income - Debt SecuritiesInterest Income - NetInterest Income - TotalInterest income - LoansInvestment Gain (Loss)Net Income towards Common StockholdersNon-Interest IncomeOperating ExpensesOther Non-Interest IncomeOther Operating ExpensesOther interest incomePreferred Dividend PaymentsProfit After TaxProvisionsRent ExpenseResearch & DevelopmentRevenueShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax RateTrading IncomeWages, Salaries and Other
Others
Ratios

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

Morgan Stanley has reported Operating Expenses over the past 17 years, most recently at $12.1 billion 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 was $12.1 billion for Q4 2025 at Morgan Stanley, down from $12.2 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $12.2 billion in Q3 2025 and troughed at $9.6 billion in Q3 2022.
  • The 5-year median for Operating Expenses is $10.5 billion (2023), against an average of $10.7 billion.
  • Year-over-year, Operating Expenses surged 44.93% in 2021 and then fell 4.03% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $9.6 billion in 2021, then increased by 2.42% to $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.
  • Per Business Quant, the three most recent readings for MS's Operating Expenses are $12.1 billion (Q4 2025), $12.2 billion (Q3 2025), and $12.0 billion (Q2 2025).