Morgan Stanley (MS) Revenue & Revenue Breakdown

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Morgan Stanley Revenue Highlights

Latest Revenue (Y)

$50.67B

Latest Revenue (Q)

$15.30B

Main Segment (Y)

Wealth Management Segment

Main Geography (Y)

Americas

Morgan Stanley Revenue by Period

Morgan Stanley Revenue by Year

Date	Revenue	Change
2023-12-31	$50.67B	0.91%
2022-12-31	$50.21B	-11.00%
2021-12-31	$56.41B	24.62%
2020-12-31	$45.27B	16.30%
2019-12-31	$38.93B	3.21%
2018-12-31	$37.71B	5.19%
2017-12-31	$35.85B	9.60%
2016-12-31	$32.71B	-1.66%
2015-12-31	$33.26B	2.45%
2014-12-31	$32.47B	5.74%
2013-12-31	$30.71B	24.94%
2012-12-31	$24.58B	-24.16%
2011-12-31	$32.40B	2.47%
2010-12-31	$31.62B	35.38%
2009-12-31	$23.36B	16.30%
2008-11-30	$20.09B	-23.83%
2007-11-30	$26.37B	-20.83%
2006-11-30	$33.31B	21.81%
2005-11-30	$27.34B	10.75%
2004-11-30	$24.69B	11.60%
2003-11-30	$22.12B	8.21%
2002-11-30	$20.45B	-10.91%
2001-11-30	$22.95B	-15.86%
2000-11-30	$27.27B	21.00%
1999-11-30	$22.54B	27.93%
1998-11-30	$17.62B	7.91%
1997-11-30	$16.33B	118.78%
1996-12-31	$7.46B	16.24%
1995-12-31	$6.42B	15.58%
1994-12-31	$5.55B	10.94%
1993-12-31	$5.01B	-

Morgan Stanley generated $50.67B in revenue during NA 2023, up 0.91% compared to the previous quarter, and up 134.35% compared to the same period a year ago.

Morgan Stanley Revenue by Quarter

Date	Revenue	Change
2024-09-29	$15.30B	2.42%
2024-06-30	$14.94B	-1.31%
2024-03-31	$15.14B	17.44%
2023-12-31	$12.89B	-1.87%
2023-09-30	$13.14B	-1.18%
2023-06-30	$13.30B	-6.91%
2023-03-31	$14.28B	12.80%
2022-12-31	$12.66B	-2.23%
2022-09-30	$12.95B	-0.61%
2022-06-30	$13.03B	-11.62%
2022-03-31	$14.74B	1.55%
2021-12-31	$14.52B	-1.43%
2021-09-30	$14.73B	0.29%
2021-06-30	$14.69B	-7.15%
2021-03-31	$15.82B	16.36%
2020-12-31	$13.59B	17.08%
2020-09-30	$11.61B	-13.49%
2020-06-30	$13.42B	43.20%
2020-03-31	$9.37B	-13.68%
2019-12-31	$10.86B	8.22%
2019-09-30	$10.03B	-2.07%
2019-06-30	$10.24B	-0.41%
2019-03-31	$10.29B	20.33%
2018-12-31	$8.55B	-13.41%
2018-09-30	$9.87B	-6.96%
2018-06-30	$10.61B	-4.22%
2018-03-31	$11.08B	16.60%
2017-12-31	$9.50B	3.29%
2017-09-30	$9.20B	-3.22%
2017-06-30	$9.50B	2.89%
2017-03-31	$9.24B	8.14%
2016-12-31	$8.54B	1.46%
2016-09-30	$8.42B	-0.08%
2016-06-30	$8.43B	14.99%
2016-03-31	$7.33B	0.63%
2015-12-31	$7.28B	-0.01%
2015-09-30	$7.28B	-21.33%
2015-06-30	$9.26B	-1.99%
2015-03-31	$9.44B	29.44%
2014-12-31	$7.30B	-13.86%
2014-09-30	$8.47B	3.93%
2014-06-30	$8.15B	-3.96%
2014-03-31	$8.49B	14.47%
2013-12-31	$7.41B	-1.37%
2013-09-30	$7.52B	-6.60%
2013-06-30	$8.05B	4.10%
2013-03-31	$7.73B	48.14%
2012-12-31	$5.22B	-1.34%
2012-09-30	$5.29B	-23.93%
2012-06-30	$6.95B	0.26%
2012-03-31	$6.93B	81.69%
2011-12-31	$3.82B	-61.41%
2011-09-30	$9.89B	6.57%
2011-06-30	$9.28B	21.57%
2011-03-31	$7.63B	30.65%
2010-12-31	$5.84B	-13.79%
2010-09-30	$6.78B	-14.73%
2010-06-30	$7.95B	-12.43%
2010-03-31	$9.08B	95.44%
2009-12-31	$4.64B	-46.46%
2009-09-30	$8.68B	60.32%
2009-06-30	$5.41B	77.88%
2009-03-31	$3.04B	-207.68%
2008-11-30	$-2.83B	-135.06%
2008-08-31	$8.06B	23.40%
2008-05-31	$6.53B	-21.55%
2008-02-29	$8.32B	-1949.33%
2007-11-30	$-450.00M	-

Morgan Stanley generated $15.30B in revenue during Q3 2024, up 2.42% compared to the previous quarter, and up 115.10% compared to the same period a year ago.

Morgan Stanley Revenue Breakdown

Morgan Stanley Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Wealth Management Segment	$26.27B	-	-	-	-
Institutional Securities Segment	$23.06B	$24.39B	$29.83B	$25.95B	$20.39B
Investment Management Segment	$5.37B	-	-	-	-

Morgan Stanley's latest annual revenue breakdown by segment (product or service), as of Dec 23: Wealth Management Segment (48.02%), Institutional Securities Segment (42.16%), and Investment Management Segment (9.82%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Investment Management Segment	$1.46B	$1.38B	$1.46B	$1.34B	$764.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth Management Segment	$7.27B	$6.88B	$6.64B	$6.40B	$4.36B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutional Securities Segment	$6.82B	$7.02B	$4.94B	$5.67B	$5.65B	$6.80B	$4.80B	$5.82B	$6.12B	$7.66B	$6.67B	$7.50B	$7.09B	$8.58B	$7.00B	$6.06B	$7.98B	$4.91B	$5.05B	$5.02B

Morgan Stanley's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Wealth Management Segment (46.78%), Institutional Securities Segment (43.85%), and Investment Management Segment (9.36%).

Morgan Stanley Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Americas	$41.65B	$40.12B	$44.60B	$35.02B	$30.23B
EMEA	$6.06B	$6.81B	$7.70B	$6.43B	$6.06B
Asia	$6.43B	$6.74B	$7.45B	$6.75B	$5.13B

Morgan Stanley's latest annual revenue breakdown by geography, as of Dec 23: Americas (76.93%), Asia (11.88%), and EMEA (11.19%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Asia	$2.00B	$1.74B	$1.36B	$1.53B	$1.56B	$1.99B	$1.42B	$1.50B	$1.79B	$2.03B	$1.55B	$1.75B	$1.78B	$2.37B	$1.66B	$1.80B	$1.60B	$1.69B	$1.59B	$1.13B
Americas	$11.56B	$11.57B	$10.20B	$10.27B	$10.39B	$10.79B	$9.90B	$10.09B	$9.66B	$10.46B	$11.27B	$11.26B	$10.88B	$11.19B	$10.22B	$8.39B	$9.77B	$6.65B	$7.89B	$7.49B
EMEA	$1.83B	$1.83B	$1.34B	$1.48B	$1.50B	$1.74B	$1.43B	$1.39B	$1.68B	$2.31B	$1.70B	$1.75B	$2.09B	$2.16B	$1.76B	$1.47B	$2.05B	$1.15B	$1.37B	$1.41B

Morgan Stanley's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (75.13%), Asia (12.99%), and EMEA (11.88%).

Morgan Stanley Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
GS	Goldman Sachs Group	$108.42B	$12.73B
MS	Morgan Stanley	$50.67B	$15.30B
SF	Stifel Financial	$5.16B	$1.48B
LAZ	Lazard	$2.59B	$807.41M
EVR	Evercore	$2.44B	$738.42M
PJT	PJT Partners	$1.15B	$326.32M
MC	Moelis & Company	$854.75M	$273.75M
MARA	Marathon Digital	$387.51M	$131.65M
RIOT	Riot Blockchain	$280.68M	$84.80M
CLSK	CleanSpark	$168.41M	$104.11M
APLD	Applied Digital	$165.57M	$60.70M
HUT	Hut 8 Mining	$150.68M	$48.18M
BITF	Bitfarms	$149.05M	$50.09M
BTBT	Bit Digital	$44.92M	$30.29M
MEGL	Magic Empire Global	$13.79M	$7.71M
TOP	TOP Financial Group	$9.70M	$3.57M
NCPL	Netcapital	$4.95M	$142.23K

MS Revenue FAQ

What is Morgan Stanley’s yearly revenue?

Morgan Stanley's yearly revenue for 2023 was $50.67B, representing an increase of 0.91% compared to 2022. The company's yearly revenue for 2022 was $50.21B, representing a decrease of -11.00% compared to 2021. MS's yearly revenue for 2021 was $56.41B, representing an increase of 24.62% compared to 2020.

What is Morgan Stanley’s quarterly revenue?

Morgan Stanley's quarterly revenue for Q3 2024 was $15.3B, a 2.42% increase from the previous quarter (Q2 2024), and a 16.48% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $14.94B, a -1.31% decrease from the previous quarter (Q1 2024), and a 12.39% increase year-over-year (Q2 2023). MS's quarterly revenue for Q1 2024 was $15.14B, a 17.44% increase from the previous quarter (Q4 2023), and a 6.01% increase year-over-year (Q1 2023).

What is Morgan Stanley’s revenue growth rate?

Morgan Stanley's revenue growth rate for the last 3 years (2021-2023) was -10.19%, and for the last 5 years (2019-2023) was 30.16%.

What are Morgan Stanley’s revenue streams?

Morgan Stanley's revenue streams in c 23 are Wealth Management Segment, Institutional Securities Segment, and Investment Management Segment. Wealth Management Segment generated $26.27B in revenue, accounting 48.02% of the company's total revenue Institutional Securities Segment generated $23.06B in revenue, accounting 42.16% of the company's total revenue, down -5.46% year-over-year. Investment Management Segment generated $5.37B in revenue, accounting 9.82% of the company's total revenue

What is Morgan Stanley’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Morgan Stanley was Wealth Management Segment. This segment made a revenue of $26.27B, representing 48.02% of the company's total revenue.