MORGAN STANLEY (MS) FY2025 Annual P&L / Income Statement

MORGAN STANLEY (MS) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenues

70,645,000,000 US dollars

Operating expenses (calculated)

48,691,000,000 US dollars

Operating profit (calculated)

21,954,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Income before provision for income taxes

21,954,000,000 US dollars

Provision for income taxes

4,929,000,000 US dollars

Net income

17,025,000,000 US dollars

Americas

52,897,000,000 US dollars

EMEA

8,328,000,000 US dollars

Asia

9,420,000,000 US dollars

Total non-interest expenses

48,342,000,000 US dollars

Provision for credit losses

349,000,000 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: $16.86 B; to noncontrolling interests: $164.00 M.