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

- Company: MORGAN STANLEY (MS)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-05, accession number 0000895421-26-000121
- Page: https://plicit.ai/financials/ms/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/ms-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/ms/fy2026-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/ms-fy2026-q1-revenue-by-geography-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Geography. 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
- **Americas**: 14,591,000,000 US dollars
- **EMEA**: 2,641,000,000 US dollars
- **Asia**: 3,348,000,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/ms/fy2026-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/ms-fy2026-q1-revenue-by-business-segment-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. 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
- **Institutional Securities Segment**: 10,721,000,000 US dollars
- **Wealth Management Segment**: 8,519,000,000 US dollars
- **Investment Management Segment**: 1,535,000,000 US dollars
- **Total non-interest expenses**: 13,471,000,000 US dollars
- **Provision for credit losses**: 98,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 20,775,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment Eliminations**: negative 195,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to MORGAN STANLEY: $5.57 B; to noncontrolling interests: $71.00 M.