Morgan Stanley (MS) Trading Income (2009 - 2026)
Morgan Stanley (MS) posted quarterly Trading Income of $6.7 billion for Q1 2026, up 31.68% year-over-year from $5.1 billion in Q1 2025, and up 82.88% quarter-over-quarter from $3.7 billion in Q4 2025.
Morgan Stanley (MS) Trading Income (2009 - 2026) Analysis & Trends
Morgan Stanley (MS) has reported Trading Income for 18 consecutive years, with $6.7 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Trading Income rose 31.68% year-over-year to $6.7 billion; the TTM figure through Mar 2026 stood at $20.2 billion (up 18.52% YoY), while the FY2025 annual figure was $18.6 billion, up 10.7% from the prior year.
- Trading Income rose to $6.7 billion in Q1 2026 per MS's latest filing, from $3.7 billion in the prior quarter.
- Across five years, Trading Income topped out at $6.7 billion in Q1 2026 and bottomed at $3.0 billion in Q4 2022.
- Historically, Trading Income has averaged $4.2 billion across 5 years, with a median of $4.0 billion in 2022.
- Annual changes were most pronounced in 2022 — Trading Income dropped 5.73% — and 2026, when it jumped 31.68%.
- Morgan Stanley's Trading Income stood at $3.0 billion in 2022, then grew by 9.55% to $3.3 billion in 2023, then grew by 14.31% to $3.8 billion in 2024, then declined by 2.59% to $3.7 billion in 2025, then surged by 82.88% to $6.7 billion in 2026.
- Business Quant data shows MS's Trading Income at $6.7 billion in Q1 2026, $3.7 billion in Q4 2025, and $5.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Trading Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 6.72 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 | 1.45 Bn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.72 Bn |
| Mar 31, 2026 | 6.73 Bn |
| Dec 31, 2025 | 3.68 Bn |
| Sep 30, 2025 | 5.02 Bn |
| Jun 30, 2025 | 4.75 Bn |
| Mar 31, 2025 | 5.11 Bn |
| Dec 31, 2024 | 3.78 Bn |
| Sep 30, 2024 | 4.00 Bn |
| Jun 30, 2024 | 4.13 Bn |
| Mar 31, 2024 | 4.85 Bn |
| Dec 31, 2023 | 3.31 Bn |
| Sep 30, 2023 | 3.68 Bn |
| Jun 30, 2023 | 3.80 Bn |
| Mar 31, 2023 | 4.48 Bn |
| Dec 31, 2022 | 3.02 Bn |
| Sep 30, 2022 | 3.33 Bn |
| Jun 30, 2022 | 3.60 Bn |
| Mar 31, 2022 | 3.98 Bn |
| Dec 31, 2021 | 2.39 Bn |
| Sep 30, 2021 | 2.86 Bn |