KPIs & Operating Metrics(New)

Morgan Stanley (MS) Trading Income (2016 - 2026)

Morgan Stanley has reported Trading Income over the past 17 years, most recently at $3.7 billion for Q4 2025.

  • Quarterly Trading Income fell 2.59% to $3.7 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $18.6 billion through Dec 2025, up 10.7% year-over-year, with the annual reading at $18.6 billion for FY2025, 10.7% up from the prior year.
  • Trading Income was $3.7 billion for Q4 2025 at Morgan Stanley, down from $5.0 billion in the prior quarter.
  • Over five years, Trading Income peaked at $5.1 billion in Q1 2025 and troughed at $2.4 billion in Q4 2021.
  • The 5-year median for Trading Income is $3.8 billion (2023), against an average of $3.9 billion.
  • The largest YoY upside for Trading Income was 50.84% in 2021 against a maximum downside of 30.67% in 2021.
  • A 5-year view of Trading Income shows it stood at $2.4 billion in 2021, then increased by 26.02% to $3.0 billion in 2022, then rose by 9.55% to $3.3 billion in 2023, then rose by 14.31% to $3.8 billion in 2024, then dropped 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).