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

Morgan Stanley (MS) posted quarterly Other Operating Expenses of $11.8 billion for Q1 2026, up 12.11% year-over-year from $10.6 billion in Q1 2025, and up 13.18% quarter-over-quarter from $10.5 billion in Q4 2025.

Morgan Stanley (MS) Other Operating Expenses (2009 - 2026) Analysis & Trends

Morgan Stanley (MS) has reported Other Operating Expenses for 18 consecutive years, with $11.8 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Other Operating Expenses rose 12.11% year-over-year to $11.8 billion; the TTM figure through Mar 2026 stood at $43.3 billion (up 10.71% YoY), while the FY2025 annual figure was $42.1 billion, up 10.93% from the prior year.
  • Other Operating Expenses climbed to $11.8 billion in Q1 2026 per MS's latest filing, from $10.5 billion in the prior quarter.
  • Across five years, Other Operating Expenses topped out at $11.8 billion in Q1 2026 and bottomed at $8.3 billion in Q3 2022.
  • Historically, Other Operating Expenses has averaged $9.5 billion across 5 years, with a median of $9.3 billion in 2024.
  • Annual changes were most pronounced in 2022 — Other Operating Expenses slipped 5.77% — and 2025, when it grew 13.19%.
  • Morgan Stanley's Other Operating Expenses stood at $8.5 billion in 2022, then gained by 9.3% to $9.3 billion in 2023, then increased by 3.6% to $9.6 billion in 2024, then advanced by 8.79% to $10.5 billion in 2025, then climbed by 13.18% to $11.8 billion in 2026.
  • Business Quant data shows MS's Other Operating Expenses at $11.8 billion in Q1 2026, $10.5 billion in Q4 2025, and $10.6 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn -
2 Goldman Sachs 316.34 Bn -660.01 Bn -
3 Schwab Charles 220.55 Bn 135.80 Bn -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn -
8 Interactive Brokers 39.54 Bn -3.28 Bn -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn -
10 Tradeweb Markets 23.53 Bn 22.17 Bn -

Historic Data

Download Data
DateValue
Jun 30, 2026 12.22 Bn
Mar 31, 2026 11.84 Bn
Dec 31, 2025 10.46 Bn
Sep 30, 2025 10.60 Bn
Jun 30, 2025 10.43 Bn
Mar 31, 2025 10.56 Bn
Dec 31, 2024 9.62 Bn
Sep 30, 2024 9.57 Bn
Jun 30, 2024 9.39 Bn
Mar 31, 2024 9.33 Bn
Dec 31, 2023 9.28 Bn
Sep 30, 2023 8.59 Bn
Jun 30, 2023 9.09 Bn
Mar 31, 2023 9.17 Bn
Dec 31, 2022 8.49 Bn
Sep 30, 2022 8.26 Bn
Jun 30, 2022 8.43 Bn
Mar 31, 2022 8.90 Bn
Dec 31, 2021 8.32 Bn
Sep 30, 2021 8.64 Bn