Revenue
$21.35B +27.1% on Q2 2025
NYSE:MS
Morgan Stanley had revenue of $21.3 billion in Q2 2026, the quarter that ended Jun 30, 2026, 27% more than a year earlier. Below are its quarterly and annual figures, split by segment and region.
Latest quarter, Q2 2026 ended Jun 30, 2026
Revenue
Net income
$21.35B +27.1% on Q2 2025
Q2 2026
Q2 2026
Q2 2026
$5.58B +57.7% on Q2 2025
Q2 2026
| Morgan Stanley revenue by quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | $21.35B | $20.58B | $17.89B | $18.22B | $16.79B | $17.74B | $16.22B | $15.38B | $15.02B | $15.14B | $12.90B | $13.27B | $13.46B | $14.52B | $12.75B | $12.99B | $13.13B | $14.80B | $14.52B | $14.75B |
| Segments | ||||||||||||||||||||
| Institutional Securities | $11.04B | $10.72B | $7.93B | $8.52B | $7.64B | $8.98B | $7.27B | $6.82B | $6.98B | $7.02B | $4.94B | $5.67B | $5.65B | $6.80B | $4.80B | $5.82B | $6.12B | $7.66B | $6.67B | $7.50B |
| Wealth Management | $8.86B | $8.52B | $8.43B | $8.23B | $7.76B | $7.33B | $7.48B | $7.27B | $6.79B | $6.88B | $6.65B | $6.40B | $6.66B | $6.56B | $6.63B | $6.12B | $5.74B | $5.94B | $6.25B | $5.94B |
| Investment Management | $1.65B | $1.54B | $1.72B | $1.65B | $1.55B | $1.60B | $1.64B | $1.46B | $1.39B | $1.38B | $1.46B | $1.34B | $1.28B | $1.29B | $1.46B | $1.17B | $1.41B | $1.34B | $1.75B | $1.45B |
| Regions | ||||||||||||||||||||
| Americas | $15.05B | $14.59B | $13.78B | $13.66B | $12.35B | $13.10B | $12.54B | $11.56B | $11.27B | $11.57B | $10.20B | $10.27B | $10.39B | $10.79B | $9.90B | $10.09B | $9.66B | $10.46B | $11.27B | $11.26B |
| Asia | $3.93B | $3.35B | $2.15B | $2.62B | $2.30B | $2.35B | $2.01B | $2.00B | $1.88B | $1.74B | $1.36B | $1.53B | $1.56B | $1.99B | $1.42B | $1.50B | $1.79B | $2.03B | $1.56B | $1.75B |
| EMEA | $2.37B | $2.64B | $1.96B | $1.94B | $2.14B | $2.29B | $1.67B | $1.83B | $1.87B | $1.83B | $1.34B | $1.48B | $1.50B | $1.74B | $1.43B | $1.39B | $1.68B | $2.31B | $1.70B | $1.75B |
| Morgan Stanley net income by quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | $5.58B | $5.57B | $4.40B | $4.61B | $3.54B | $4.32B | $3.71B | $3.19B | $3.08B | $3.41B | $1.52B | $2.41B | $2.18B | $2.98B | $2.24B | $2.63B | $2.50B | $3.67B | $3.70B | $3.71B |
| Segments | ||||||||||||||||||||
| Institutional Securities | $3.19B | $3.29B | $2.05B | $2.47B | $1.60B | $2.53B | $1.89B | $1.44B | $1.52B | $1.82B | $304.00M | $912.00M | $759.00M | $1.48B | $656.00M | $1.27B | $1.12B | $2.19B | $2.22B | $2.23B |
| Wealth Management | $2.10B | $2.05B | $2.01B | $1.89B | $1.70B | $1.53B | $1.51B | $1.57B | $1.40B | $1.40B | $1.02B | $1.32B | $1.31B | $1.38B | $1.42B | $1.25B | $1.19B | $1.27B | $1.07B | $1.16B |
| Investment Management | $304.00M | $242.00M | $349.00M | $266.00M | $245.00M | $262.00M | $310.00M | $192.00M | $165.00M | $192.00M | $199.00M | $179.00M | $127.00M | $134.00M | $162.00M | $107.00M | $188.00M | $203.00M | $411.00M | $320.00M |
Revenue was $21.3 billion and net income was $5.6 billion. That's a net margin of 26.1%.
Institutional Securities was the largest segment, with $11.0 billion or 52% of revenue. By region, Americas brought in the most, 70% of the total.
Morgan Stanley reports on the calendar year, so 2025 ended on Dec 31, 2025 and its quarters line up with the calendar's.
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