MORGAN STANLEY (MS) FY2026 Q1 P&L / Income Statement

Revenue by Product and Service

2026-01-01 to 2026-03-31

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MORGAN STANLEY (MS) FY2026 Q1 P&L / Income StatementIncome statement for 2026-01-01 through 2026-03-31. 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$7.01 BOperating profit (calculated)Operating profit(calculated)$7.01 BNet revenuesNet revenues$20.58 BNet incomeNet income$5.64 BTotal non-interest revenuesTotal non-interest revenues$17.88 BOperating expenses (calculated)Operating expenses(calculated)$13.57 BProvision for income taxesProvision forincome taxes$1.37 BTotal non-interest expensesTotal non-interest expenses$13.47 BNet interestNet interest$2.70 BProvision for credit lossesProvision for credit losses$98.00 M
Chart details

MORGAN STANLEY (MS) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenues
20,580,000,000 US dollars
Operating expenses (calculated)
13,569,000,000 US dollars
Operating profit (calculated)
7,011,000,000 US dollars
Other income (expense), net (calculated)
0 US dollars
Income before provision for income taxes
7,011,000,000 US dollars
Provision for income taxes
1,373,000,000 US dollars
Net income
5,638,000,000 US dollars
Total non-interest revenues
17,877,000,000 US dollars
Net interest
2,703,000,000 US dollars
Total non-interest expenses
13,471,000,000 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: $5.57 B; to noncontrolling interests: $71.00 M.
MORGAN STANLEY (MS) FY2026 Q1 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

34.1%

Operating profit / revenue

Cash conversion

−125.9%

Operating cash / net income, same period

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