MORGAN STANLEY (MS) FY2026 Q2 P&L / Income Statement

Revenue by Product and Service

2026-04-01 to 2026-06-30

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MORGAN STANLEY (MS) FY2026 Q2 P&L / Income StatementIncome statement for 2026-04-01 through 2026-06-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETTotal non-interest revenuesNet interestNet revenuesOperating profit (calculated)Operating expenses (calculated)Total non-interest expensesProvision for credit lossesIncome before provision for income taxesNet incomeProvision for income taxesIncome before provision for income taxesIncome beforeprovision forincome taxes$7.35 BOperating profit (calculated)Operating profit(calculated)$7.35 BNet revenuesNet revenues$21.35 BNet incomeNet income$5.65 BTotal non-interest revenuesTotal non-interest revenues$18.57 BOperating expenses (calculated)Operating expenses(calculated)$14.00 BProvision for income taxesProvision forincome taxes$1.70 BTotal non-interest expensesTotal non-interest expenses$13.90 BNet interestNet interest$2.78 BProvision for credit lossesProvision for credit losses$98.00 M
Chart details

MORGAN STANLEY (MS) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenues
21,348,000,000 US dollars
Operating expenses (calculated)
14,000,000,000 US dollars
Operating profit (calculated)
7,348,000,000 US dollars
Other income (expense), net (calculated)
0 US dollars
Income before provision for income taxes
7,348,000,000 US dollars
Provision for income taxes
1,695,000,000 US dollars
Net income
5,653,000,000 US dollars
Total non-interest revenues
18,568,000,000 US dollars
Net interest
2,780,000,000 US dollars
Total non-interest expenses
13,902,000,000 US dollars
Provision for credit losses
98,000,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Of which attributable to MORGAN STANLEY: $5.58 B; to noncontrolling interests: $72.00 M.
MORGAN STANLEY (MS) FY2026 Q2 P&L / Income Statement Sankey chart, Product and service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

34.4%

Operating profit / revenue

Cash conversion

−48.6%

Operating cash / net income, same period

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