KPIs & Operating Metrics(New)

Morgan Stanley (MS) Operating Expenses: 2009-2024

Historic Operating Expenses for Morgan Stanley (MS) over the last 16 years, with Dec 2024 value amounting to $43.9 billion.

  • Morgan Stanley's Operating Expenses rose 10.04% 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 9.05%. This contributed to the annual value of $43.9 billion for FY2024, which is 5.03% up from last year.
  • Morgan Stanley's Operating Expenses amounted to $43.9 billion in FY2024, which was up 5.03% from $41.8 billion recorded in FY2023.
  • In the past 5 years, Morgan Stanley's Operating Expenses registered a high of $43.9 billion during FY2024, and its lowest value of $33.6 billion during FY2020.
  • Its 3-year average for Operating Expenses is $41.7 billion, with a median of $41.8 billion in 2023.
  • In the last 5 years, Morgan Stanley's Operating Expenses climbed by 19.37% in 2021 and then decreased by 1.96% in 2022.
  • Morgan Stanley's Operating Expenses (Yearly) stood at $33.6 billion in 2020, then increased by 19.37% to $40.1 billion in 2021, then dropped by 1.96% to $39.3 billion in 2022, then grew by 6.36% to $41.8 billion in 2023, then increased by 5.03% to $43.9 billion in 2024.