Morgan Stanley
Investment banking and wealth managementFounded 1935- Updated June 2026
Reviewed by Swet Parvadiya
Last reviewed: June 2026
CorpDigest
Morgan Stanley
Annual Revenue
Last reviewed: 2026-06-03 · By Swet Parvadiya
FY2021 Revenue
$59.8B
▲ 22.6% vs FY2020 ($48.8B)
Morgan Stanley reported $59.8B in revenue for fiscal year 2021. This represents a growth of 22.6% compared to the 2020 figure of $48.8B. In 2022, revenue declined to $53.7B.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $70.6B | $16.9B | +14.4% |
| FY2024 | $61.8B | — | +14.1% |
| FY2023 | $54.1B | — | +0.9% |
| FY2022 | $53.7B | — | -10.2% |
| FY2021 | $59.8B | — | +22.6% |
| FY2020 | $48.8B | — | +17.4% |
| FY2019 | $41.5B | — | +3.6% |
| FY2018 | $40.1B | — | +5.7% |
| FY2017 | $37.9B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.