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

DateRevenueChange
2023-12-31$50.67B0.91%
2022-12-31$50.21B-11.00%
2021-12-31$56.41B24.62%
2020-12-31$45.27B16.30%
2019-12-31$38.93B3.21%
2018-12-31$37.71B5.19%
2017-12-31$35.85B9.60%
2016-12-31$32.71B-1.66%
2015-12-31$33.26B2.45%
2014-12-31$32.47B5.74%
2013-12-31$30.71B24.94%
2012-12-31$24.58B-24.16%
2011-12-31$32.40B2.47%
2010-12-31$31.62B35.38%
2009-12-31$23.36B16.30%
2008-11-30$20.09B-23.83%
2007-11-30$26.37B-20.83%
2006-11-30$33.31B21.81%
2005-11-30$27.34B10.75%
2004-11-30$24.69B11.60%
2003-11-30$22.12B8.21%
2002-11-30$20.45B-10.91%
2001-11-30$22.95B-15.86%
2000-11-30$27.27B21.00%
1999-11-30$22.54B27.93%
1998-11-30$17.62B7.91%
1997-11-30$16.33B118.78%
1996-12-31$7.46B16.24%
1995-12-31$6.42B15.58%
1994-12-31$5.55B10.94%
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

DateRevenueChange
2024-09-29$15.30B2.42%
2024-06-30$14.94B-1.31%
2024-03-31$15.14B17.44%
2023-12-31$12.89B-1.87%
2023-09-30$13.14B-1.18%
2023-06-30$13.30B-6.91%
2023-03-31$14.28B12.80%
2022-12-31$12.66B-2.23%
2022-09-30$12.95B-0.61%
2022-06-30$13.03B-11.62%
2022-03-31$14.74B1.55%
2021-12-31$14.52B-1.43%
2021-09-30$14.73B0.29%
2021-06-30$14.69B-7.15%
2021-03-31$15.82B16.36%
2020-12-31$13.59B17.08%
2020-09-30$11.61B-13.49%
2020-06-30$13.42B43.20%
2020-03-31$9.37B-13.68%
2019-12-31$10.86B8.22%
2019-09-30$10.03B-2.07%
2019-06-30$10.24B-0.41%
2019-03-31$10.29B20.33%
2018-12-31$8.55B-13.41%
2018-09-30$9.87B-6.96%
2018-06-30$10.61B-4.22%
2018-03-31$11.08B16.60%
2017-12-31$9.50B3.29%
2017-09-30$9.20B-3.22%
2017-06-30$9.50B2.89%
2017-03-31$9.24B8.14%
2016-12-31$8.54B1.46%
2016-09-30$8.42B-0.08%
2016-06-30$8.43B14.99%
2016-03-31$7.33B0.63%
2015-12-31$7.28B-0.01%
2015-09-30$7.28B-21.33%
2015-06-30$9.26B-1.99%
2015-03-31$9.44B29.44%
2014-12-31$7.30B-13.86%
2014-09-30$8.47B3.93%
2014-06-30$8.15B-3.96%
2014-03-31$8.49B14.47%
2013-12-31$7.41B-1.37%
2013-09-30$7.52B-6.60%
2013-06-30$8.05B4.10%
2013-03-31$7.73B48.14%
2012-12-31$5.22B-1.34%
2012-09-30$5.29B-23.93%
2012-06-30$6.95B0.26%
2012-03-31$6.93B81.69%
2011-12-31$3.82B-61.41%
2011-09-30$9.89B6.57%
2011-06-30$9.28B21.57%
2011-03-31$7.63B30.65%
2010-12-31$5.84B-13.79%
2010-09-30$6.78B-14.73%
2010-06-30$7.95B-12.43%
2010-03-31$9.08B95.44%
2009-12-31$4.64B-46.46%
2009-09-30$8.68B60.32%
2009-06-30$5.41B77.88%
2009-03-31$3.04B-207.68%
2008-11-30$-2.83B-135.06%
2008-08-31$8.06B23.40%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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


TickerCompanyLast Year RevenueLast Quarter Revenue
GSGoldman Sachs Group$108.42B$12.73B
MSMorgan Stanley$50.67B$15.30B
SFStifel Financial$5.16B$1.48B
LAZLazard$2.59B$807.41M
EVREvercore$2.44B$738.42M
PJTPJT Partners$1.15B$326.32M
MCMoelis & Company$854.75M$273.75M
MARAMarathon Digital$387.51M$131.65M
CLSKCleanSpark$378.97M$104.11M
RIOTRiot Blockchain$280.68M$84.80M
APLDApplied Digital$165.57M$60.70M
HUTHut 8 Mining$150.68M$48.18M
BITFBitfarms$149.05M$50.09M
BTBTBit Digital$44.92M$30.29M
MEGLMagic Empire Global$13.79M$7.71M
TOPTOP Financial Group$9.70M$3.57M
NCPLNetcapital$4.95M$170.53K

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.