Morgan Stanley
NYSE:MS
Income Statement
Earnings Waterfall
Morgan Stanley
Revenue
|
99.4B
USD
|
Cost of Revenue
|
-48.2B
USD
|
Gross Profit
|
51.2B
USD
|
Operating Expenses
|
-38.8B
USD
|
Operating Income
|
12.4B
USD
|
Other Expenses
|
-3.5B
USD
|
Net Income
|
9B
USD
|
Income Statement
Morgan Stanley
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
38 987
N/A
|
37 628
-3%
|
38 255
+2%
|
37 953
-1%
|
38 717
+2%
|
39 557
+2%
|
38 279
-3%
|
37 897
-1%
|
35 742
-6%
|
34 974
-2%
|
36 158
+3%
|
37 949
+5%
|
40 248
+6%
|
41 443
+3%
|
42 557
+3%
|
43 642
+3%
|
45 665
+5%
|
47 805
+5%
|
49 614
+4%
|
50 193
+1%
|
50 793
+1%
|
51 516
+1%
|
52 117
+1%
|
53 823
+3%
|
52 187
-3%
|
52 884
+1%
|
52 011
-2%
|
52 606
+1%
|
56 808
+8%
|
57 496
+1%
|
60 246
+5%
|
61 121
+1%
|
60 228
-1%
|
59 584
-1%
|
61 120
+3%
|
65 936
+8%
|
73 742
+12%
|
82 775
+12%
|
90 799
+10%
|
96 194
+6%
|
99 423
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 986)
|
(5 951)
|
(5 648)
|
(5 484)
|
(5 357)
|
(5 091)
|
(5 001)
|
(4 634)
|
(4 596)
|
(4 659)
|
(4 707)
|
(5 238)
|
(5 628)
|
(6 270)
|
(7 127)
|
(7 790)
|
(8 599)
|
(9 716)
|
(10 887)
|
(12 479)
|
(13 836)
|
(14 946)
|
(15 465)
|
(14 897)
|
(13 915)
|
(11 282)
|
(8 780)
|
(6 778)
|
(5 210)
|
(4 878)
|
(4 724)
|
(4 707)
|
(4 704)
|
(5 770)
|
(9 095)
|
(15 726)
|
(23 815)
|
(32 520)
|
(40 265)
|
(45 527)
|
(48 177)
|
|
Gross Profit |
33 001
N/A
|
31 677
-4%
|
32 607
+3%
|
32 469
0%
|
33 360
+3%
|
34 466
+3%
|
33 278
-3%
|
33 263
0%
|
31 146
-6%
|
30 315
-3%
|
31 451
+4%
|
32 711
+4%
|
34 620
+6%
|
35 173
+2%
|
35 430
+1%
|
35 852
+1%
|
37 066
+3%
|
38 089
+3%
|
38 727
+2%
|
37 714
-3%
|
36 957
-2%
|
36 570
-1%
|
36 652
+0%
|
38 926
+6%
|
38 272
-2%
|
41 602
+9%
|
43 231
+4%
|
45 828
+6%
|
51 598
+13%
|
52 618
+2%
|
55 522
+6%
|
56 414
+2%
|
55 524
-2%
|
53 814
-3%
|
52 025
-3%
|
50 210
-3%
|
49 927
-1%
|
50 255
+1%
|
50 534
+1%
|
50 667
+0%
|
51 246
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(26 268)
|
(26 212)
|
(26 287)
|
(28 878)
|
(29 284)
|
(29 595)
|
(29 153)
|
(24 768)
|
(23 768)
|
(23 181)
|
(23 410)
|
(23 863)
|
(24 702)
|
(25 096)
|
(25 252)
|
(25 449)
|
(26 051)
|
(26 607)
|
(26 876)
|
(26 477)
|
(26 185)
|
(26 004)
|
(26 227)
|
(27 625)
|
(27 780)
|
(29 658)
|
(30 510)
|
(31 410)
|
(33 982)
|
(34 791)
|
(36 308)
|
(36 746)
|
(36 612)
|
(36 149)
|
(35 846)
|
(36 121)
|
(36 666)
|
(37 501)
|
(38 023)
|
(37 966)
|
(38 798)
|
|
Selling, General & Administrative |
(22 154)
|
(22 246)
|
(22 545)
|
(23 667)
|
(23 893)
|
(24 199)
|
(23 516)
|
(22 144)
|
(21 329)
|
(20 832)
|
(21 384)
|
(21 688)
|
(22 470)
|
(22 730)
|
(22 839)
|
(23 064)
|
(23 558)
|
(24 046)
|
(24 322)
|
(23 995)
|
(23 802)
|
(23 701)
|
(23 830)
|
(25 256)
|
(24 863)
|
(26 329)
|
(26 999)
|
(27 517)
|
(30 431)
|
(31 338)
|
(32 658)
|
(33 048)
|
(32 752)
|
(32 072)
|
(31 944)
|
(32 250)
|
(32 562)
|
(33 410)
|
(33 811)
|
(33 831)
|
(34 386)
|
|
Other Operating Expenses |
(4 114)
|
(3 966)
|
(3 742)
|
(5 211)
|
(5 391)
|
(5 396)
|
(5 637)
|
(2 624)
|
(2 439)
|
(2 349)
|
(2 026)
|
(2 175)
|
(2 232)
|
(2 366)
|
(2 413)
|
(2 385)
|
(2 493)
|
(2 561)
|
(2 554)
|
(2 482)
|
(2 383)
|
(2 303)
|
(2 397)
|
(2 369)
|
(2 917)
|
(3 329)
|
(3 511)
|
(3 893)
|
(3 551)
|
(3 453)
|
(3 650)
|
(3 698)
|
(3 860)
|
(4 077)
|
(3 902)
|
(3 871)
|
(4 104)
|
(4 091)
|
(4 212)
|
(4 135)
|
(4 412)
|
|
Operating Income |
6 733
N/A
|
5 465
-19%
|
6 320
+16%
|
3 591
-43%
|
4 076
+14%
|
4 871
+20%
|
4 125
-15%
|
8 495
+106%
|
7 378
-13%
|
7 134
-3%
|
8 041
+13%
|
8 848
+10%
|
9 918
+12%
|
10 077
+2%
|
10 178
+1%
|
10 403
+2%
|
11 015
+6%
|
11 482
+4%
|
11 851
+3%
|
11 237
-5%
|
10 772
-4%
|
10 566
-2%
|
10 425
-1%
|
11 301
+8%
|
10 492
-7%
|
11 944
+14%
|
12 721
+7%
|
14 418
+13%
|
17 616
+22%
|
17 827
+1%
|
19 214
+8%
|
19 668
+2%
|
18 912
-4%
|
17 665
-7%
|
16 179
-8%
|
14 089
-13%
|
13 261
-6%
|
12 754
-4%
|
12 511
-2%
|
12 701
+2%
|
12 448
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(888)
|
0
|
|
Pre-Tax Income |
6 733
N/A
|
5 465
-19%
|
6 320
+16%
|
3 591
-43%
|
4 076
+14%
|
4 871
+20%
|
4 125
-15%
|
8 495
+106%
|
7 378
-13%
|
7 134
-3%
|
8 041
+13%
|
8 848
+10%
|
9 918
+12%
|
10 077
+2%
|
10 178
+1%
|
10 403
+2%
|
11 015
+6%
|
11 482
+4%
|
11 851
+3%
|
11 237
-5%
|
10 772
-4%
|
10 566
-2%
|
10 425
-1%
|
11 301
+8%
|
10 492
-7%
|
11 944
+14%
|
12 721
+7%
|
14 418
+13%
|
17 616
+22%
|
17 827
+1%
|
19 214
+8%
|
19 668
+2%
|
18 912
-4%
|
17 665
-7%
|
16 179
-8%
|
14 089
-13%
|
13 261
-6%
|
12 754
-4%
|
12 511
-2%
|
11 813
-6%
|
12 448
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 354)
|
(777)
|
(877)
|
90
|
488
|
(391)
|
(351)
|
(2 200)
|
(2 391)
|
(2 330)
|
(2 656)
|
(2 726)
|
(2 963)
|
(2 976)
|
(2 924)
|
(2 968)
|
(2 867)
|
(2 661)
|
(2 660)
|
(2 350)
|
(2 123)
|
(2 140)
|
(1 936)
|
(2 064)
|
(1 943)
|
(2 405)
|
(2 649)
|
(3 239)
|
(4 049)
|
(3 984)
|
(4 398)
|
(4 548)
|
(4 245)
|
(3 974)
|
(3 550)
|
(2 910)
|
(2 764)
|
(2 572)
|
(2 556)
|
(2 583)
|
(2 789)
|
|
Income from Continuing Operations |
5 379
|
4 688
|
5 443
|
3 681
|
4 564
|
4 480
|
3 774
|
6 295
|
4 987
|
4 804
|
5 385
|
6 122
|
6 955
|
7 101
|
7 254
|
7 435
|
8 148
|
8 821
|
9 191
|
8 887
|
8 649
|
8 426
|
8 489
|
9 237
|
8 549
|
9 539
|
10 072
|
11 179
|
13 567
|
13 843
|
14 816
|
15 120
|
14 667
|
13 691
|
12 629
|
11 179
|
10 497
|
10 182
|
9 955
|
9 230
|
9 659
|
|
Income to Minority Interest |
(491)
|
(298)
|
(245)
|
(200)
|
(190)
|
(196)
|
(168)
|
(152)
|
(106)
|
(146)
|
(158)
|
(144)
|
(162)
|
(132)
|
(99)
|
(105)
|
(100)
|
(96)
|
(128)
|
(135)
|
(138)
|
(153)
|
(156)
|
(195)
|
(238)
|
(233)
|
(222)
|
(183)
|
(149)
|
(110)
|
(93)
|
(86)
|
(87)
|
(127)
|
(140)
|
(150)
|
(154)
|
(152)
|
(149)
|
(143)
|
(140)
|
|
Net Income (Common) |
4 556
N/A
|
4 185
-8%
|
4 934
+18%
|
3 152
-36%
|
4 017
+27%
|
3 862
-4%
|
3 172
-18%
|
5 671
+79%
|
4 412
-22%
|
4 172
-5%
|
4 751
+14%
|
5 508
+16%
|
6 292
+14%
|
6 454
+3%
|
6 624
+3%
|
5 588
-16%
|
6 323
+13%
|
7 003
+11%
|
7 334
+5%
|
8 222
+12%
|
7 983
-3%
|
7 747
-3%
|
7 788
+1%
|
8 512
+9%
|
7 766
-9%
|
8 782
+13%
|
9 319
+6%
|
10 500
+13%
|
12 892
+23%
|
13 253
+3%
|
14 240
+7%
|
14 566
+2%
|
14 126
-3%
|
13 109
-7%
|
12 019
-8%
|
10 540
-12%
|
9 834
-7%
|
9 492
-3%
|
9 260
-2%
|
8 530
-8%
|
8 960
+5%
|
|
EPS (Diluted) |
2.31
N/A
|
2.12
-8%
|
2.51
+18%
|
1.61
-36%
|
2.04
+27%
|
1.97
-3%
|
1.62
-18%
|
2.91
+80%
|
2.3
-21%
|
2.19
-5%
|
2.52
+15%
|
2.92
+16%
|
3.41
+17%
|
3.52
+3%
|
3.64
+3%
|
3.06
-16%
|
3.57
+17%
|
4
+12%
|
4.24
+6%
|
4.73
+12%
|
4.76
+1%
|
4.68
-2%
|
4.78
+2%
|
5.19
+9%
|
4.93
-5%
|
5.64
+14%
|
5.95
+5%
|
6.47
+9%
|
7.09
+10%
|
7.19
+1%
|
7.85
+9%
|
8.03
+2%
|
8.04
+0%
|
7.6
-5%
|
7.08
-7%
|
6.15
-13%
|
5.91
-4%
|
5.74
-3%
|
5.63
-2%
|
5.18
-8%
|
5.54
+7%
|