Morgan Stanley (MS) Wages, Salaries and Other (2009 - 2026)
Morgan Stanley (MS) posted Wages, Salaries and Other of $8 billion for Q3 2026, up 7.5% from $7.44 billion a year earlier but down 2.3% from the prior quarter.
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Analysis
Morgan Stanley (MS) Wages, Salaries and Other (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Wages, Salaries and Other at Morgan Stanley was $31.79 billion, up 11.8% year-over-year; for FY2025, it came in at $29.22 billion, up 11.6% from FY2024.
- Annual Wages, Salaries and Other has increased for three consecutive years, with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- In prior years, Morgan Stanley's Wages, Salaries and Other was $26.18 billion in FY2024 (+6.6%), $24.56 billion in FY2023 (+6.5%), $23.05 billion in FY2022 (-6.4%) and $24.63 billion in FY2021 (+18.1%).
- Quarterly Wages, Salaries and Other has run from a low of $5.49 billion in Q4 2021 to a high of $8.54 billion in Q1 2026 over five years.
- On a year-over-year basis, Wages, Salaries and Other has increased in each of the last 16 quarters, with growth averaging 10.9% over the last eight quarters.
- The strongest year-over-year quarter for Wages, Salaries and Other in the past five years was Q2 2026, with growth of 13.9%; the weakest was Q2 2022, with a decline of 13.6%.
- According to Business Quant data, Wages, Salaries and Other for the three prior quarters was $8.19 billion (Q2 2026), $8.54 billion (Q1 2026) and $7.06 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Wages (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 14.77 Bn |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 10.97 Bn |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 4.51 Bn |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 8.00 Bn |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 5.12 Bn |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 8.75 Bn |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | - |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 2.57 Bn |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 3.54 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.00 Bn |
| Jun 30, 2026 | 8.19 Bn |
| Mar 31, 2026 | 8.54 Bn |
| Dec 31, 2025 | 7.06 Bn |
| Sep 30, 2025 | 7.44 Bn |
| Jun 30, 2025 | 7.19 Bn |
| Mar 31, 2025 | 7.52 Bn |
| Dec 31, 2024 | 6.29 Bn |
| Sep 30, 2024 | 6.73 Bn |
| Jun 30, 2024 | 6.46 Bn |
| Mar 31, 2024 | 6.70 Bn |
| Dec 31, 2023 | 5.95 Bn |
| Sep 30, 2023 | 5.94 Bn |
| Jun 30, 2023 | 6.26 Bn |
| Mar 31, 2023 | 6.41 Bn |
| Dec 31, 2022 | 5.62 Bn |
| Sep 30, 2022 | 5.61 Bn |
| Jun 30, 2022 | 5.55 Bn |
| Mar 31, 2022 | 6.27 Bn |
| Dec 31, 2021 | 5.49 Bn |
API Access
Morgan Stanley Wages, Salaries and Other API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=wages-salaries-and-other&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=wages-salaries-and-other&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();