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Morgan StanleyStock · Financials
$213.93+$2.07 (+0.98%)as of market close, Jul 2, 2026
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How Morgan Stanley makes money

Fiscal year

How does Morgan Stanley make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Morgan Stanley · FY2014 · year ended 2014-12-31
Revenue$34.3BGross profit$34.3B · 100%Cost of revenue$0 · 0%Operating income$34.3B · 100%Operating expenses$0 · 0%Pre-tax income$3.5B · 10%Other expense$30.8B · 90%Net income$3.5B · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.