KPIs & Operating Metrics(New)

Morgan Stanley (MS) Research & Development (2016 - 2026)

Morgan Stanley has reported Research & Development over the past 17 years, most recently at $1.2 billion for Q4 2025.

  • Quarterly Research & Development rose 9.54% to $1.2 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $4.4 billion through Dec 2025, up 8.07% year-over-year, with the annual reading at $4.4 billion for FY2025, 8.07% up from the prior year.
  • Research & Development was $1.2 billion for Q4 2025 at Morgan Stanley, up from $1.1 billion in the prior quarter.
  • Over five years, Research & Development peaked at $1.2 billion in Q4 2025 and troughed at $733.0 million in Q1 2021.
  • The 5-year median for Research & Development is $940.0 million (2022), against an average of $944.6 million.
  • Year-over-year, Research & Development skyrocketed 30.2% in 2021 and then increased 5.79% in 2023.
  • A 5-year view of Research & Development shows it stood at $833.0 million in 2021, then rose by 12.0% to $933.0 million in 2022, then rose by 5.79% to $987.0 million in 2023, then grew by 7.29% to $1.1 billion in 2024, then increased by 9.54% to $1.2 billion in 2025.
  • Per Business Quant, the three most recent readings for MS's Research & Development are $1.2 billion (Q4 2025), $1.1 billion (Q3 2025), and $1.1 billion (Q2 2025).