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 | 333.21 Bn | 173.07 Bn | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |