Morgan Stanley (MS) Trading Income (2016 - 2025)
Morgan Stanley (MS) has disclosed Trading Income for 17 consecutive years, with $3.7 billion as the latest value for Q4 2025.
- On a quarterly basis, Trading Income fell 2.59% to $3.7 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $18.6 billion, a 10.7% increase, with the full-year FY2025 number at $18.6 billion, up 10.7% from a year prior.
- Trading Income was $3.7 billion for Q4 2025 at Morgan Stanley, down from $5.0 billion in the prior quarter.
- In the past five years, Trading Income ranged from a high of $5.1 billion in Q1 2025 to a low of $2.4 billion in Q4 2021.
- A 5-year average of $3.9 billion and a median of $3.8 billion in 2023 define the central range for Trading Income.
- Biggest YoY gain for Trading Income was 50.84% in 2021; the steepest drop was 30.67% in 2021.
- Morgan Stanley's Trading Income stood at $2.4 billion in 2021, then rose by 26.02% to $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 decreased by 2.59% to $3.7 billion in 2025.
- Per Business Quant, the three most recent readings for MS's Trading Income are $3.7 billion (Q4 2025), $5.0 billion (Q3 2025), and $4.7 billion (Q2 2025).