Morgan Stanley (MS) Revenue & Revenue Breakdown
Morgan Stanley Revenue Highlights
Latest Revenue (Y)
$50.67B
Latest Revenue (Q)
$15.02B
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 |
|---|---|---|
| 2024-06-30 | $15.02B | -0.81% |
| 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 | 20.05% |
| 2022-12-31 | $11.90B | -1.99% |
| 2022-09-30 | $12.14B | -0.94% |
| 2022-06-30 | $12.25B | -11.96% |
| 2022-03-31 | $13.92B | 1.50% |
| 2021-12-31 | $13.71B | -1.54% |
| 2021-09-30 | $13.93B | -0.26% |
| 2021-06-30 | $13.96B | -5.71% |
| 2021-03-31 | $14.81B | 15.12% |
| 2020-12-31 | $12.86B | 17.37% |
| 2020-09-30 | $10.96B | -13.69% |
| 2020-06-30 | $12.70B | 45.17% |
| 2020-03-31 | $8.75B | -14.45% |
| 2019-12-31 | $10.22B | 8.82% |
| 2019-09-30 | $9.39B | -2.28% |
| 2019-06-30 | $9.61B | -0.82% |
| 2019-03-31 | $9.69B | 21.92% |
| 2018-12-31 | $7.95B | -14.64% |
| 2018-09-30 | $9.31B | -6.88% |
| 2018-06-30 | $10.00B | -4.30% |
| 2018-03-31 | $10.45B | 16.59% |
| 2017-12-31 | $8.96B | 3.32% |
| 2017-09-30 | $8.68B | -3.37% |
| 2017-06-30 | $8.98B | -2.79% |
| 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 $15.02B in revenue during Q2 2024, up -0.81% compared to the previous quarter, and up 105.15% 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 |
|---|---|---|---|---|---|
| Investment Management Segment | $5.37B | - | - | - | - |
| Institutional Securities Segment | $23.06B | $24.39B | $29.83B | $25.95B | $20.39B |
| Wealth Management Segment | $26.27B | - | - | - | - |
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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Institutional Securities Segment | $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 | $5.11B |
| Wealth Management Segment | $6.88B | $6.64B | $6.40B | $4.36B | $4.41B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investment Management Segment | $1.38B | $1.46B | $1.34B | $764.00M | $839.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Morgan Stanley's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Institutional Securities Segment (45.94%), Wealth Management Segment (45.05%), and Investment Management Segment (9.02%).
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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $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 | $7.53B |
| EMEA | $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 | $1.58B |
| Asia | $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 | $1.14B |
Morgan Stanley's latest quarterly revenue breakdown by geography, as of Mar 24: Americas (76.42%), EMEA (12.06%), and Asia (11.52%).
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 | $15.02B |
| SF | Stifel Financial | $5.16B | $1.47B |
| LAZ | Lazard | $2.59B | $707.99M |
| EVR | Evercore | $2.44B | $693.41M |
| PJT | PJT Partners | $1.15B | $360.18M |
| MC | Moelis & Company | $854.75M | $264.59M |
| MARA | Marathon Digital | $387.51M | $145.14M |
| RIOT | Riot Blockchain | $280.68M | $70.02M |
| CLSK | CleanSpark | $168.41M | $104.11M |
| APLD | Applied Digital | $165.57M | $43.35M |
| HUT | Hut 8 Mining | $150.68M | $22.24M |
| 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 Q2 2024 was $15.02B, a -0.81% decrease from the previous quarter (Q1 2024), and a 12.96% increase year-over-year (Q2 2023). The company'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). MS's quarterly revenue for Q4 2023 was $12.89B, a -1.87% decrease from the previous quarter (Q3 2023), and a 8.36% increase year-over-year (Q4 2022).
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 Investment Management Segment, Institutional Securities Segment, and Wealth Management Segment. Investment Management Segment generated $5.37B in revenue, accounting 9.82% 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. Wealth Management Segment generated $26.27B in revenue, accounting 48.02% 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.