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 338.83 Bn 205.30 Bn - 6.72 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 432.91 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 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