Morgan Stanley · Multi-Quarter Financial Trends

32 quarters · As reported by the company · Amounts in USD billions← MS

Quarter	Period End	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Net Margin	Free Cash Flow ($B)	EPS	Buybacks ($B)	Dividends ($B)
FY2026 Q2	2026-06-30	21.35	+27.1%	—	—	5.58	26.1%	-2.75	3.46	—	1.68
FY2026 Q1	2026-03-31	20.58	+16.0%	—	—	5.57	27.1%	-7.10	3.43	—	1.71
FY2025 Q4	2025-12-31	17.89	+10.3%	—	—	4.40	24.6%	-2.41	2.68	—	1.69
FY2025 Q3	2025-09-30	18.22	+18.5%	—	—	4.61	25.3%	-3.33	2.80	—	1.71
FY2025 Q2	2025-06-30	16.79	+11.8%	—	—	3.54	21.1%	11.83	2.13	—	1.58
FY2025 Q1	2025-03-31	17.74	+17.2%	—	—	4.32	24.3%	-23.98	2.60	—	1.62
FY2024 Q4	2024-12-31	16.22	+25.8%	—	—	3.71	22.9%	11.80	2.23	—	1.59
FY2024 Q3	2024-09-30	15.38	+15.9%	—	—	3.19	20.7%	-17.32	1.88	—	1.59
FY2024 Q2	2024-06-30	15.02	+11.6%	—	—	3.08	20.5%	2.53	1.82	—	1.47
FY2024 Q1	2024-03-31	15.14	+4.3%	—	—	3.41	22.5%	4.36	2.02	—	1.50
FY2023 Q4	2023-12-31	12.90	+1.2%	—	—	1.52	11.8%	-17.75	0.86	—	1.48
FY2023 Q3	2023-09-30	13.27	+2.2%	—	—	2.41	18.1%	3.75	1.38	—	1.50
FY2023 Q2	2023-06-30	13.46	—	—	—	2.18	16.2%	-9.67	1.24	—	1.38
FY2023 Q1	2023-03-31	14.52	—	—	—	2.98	20.5%	-9.87	1.70	—	1.41
FY2022 Q4	2022-12-31	12.75	—	—	—	2.24	17.5%	-14.00	1.27	—	1.38
FY2022 Q3	2022-09-30	12.99	—	—	—	2.63	20.3%	-7.55	1.47	—	1.41
FY2018 Q1	2018-03-31	5.91	—	—	—	2.67	45.1%	12.65	1.45	—	0.60
FY2015 Q2	2015-06-30	9.74	+13.2%	—	—	1.81	18.5%	—	0.85	—	0.36
FY2015 Q1	2015-03-31	9.91	+10.1%	—	—	2.39	24.2%	—	1.18	—	0.31
FY2014 Q4	2014-12-31	7.76	−1.0%	—	—	-1.63	-21.0%	—	-0.91	—	0.25
FY2014 Q3	2014-09-30	8.91	+12.0%	—	—	1.69	19.0%	—	0.83	—	0.27
FY2014 Q2	2014-06-30	8.61	+1.0%	—	—	1.90	22.1%	—	0.92	—	0.24
FY2014 Q1	2014-03-31	9.00	+10.1%	—	—	1.51	16.7%	—	0.74	—	0.14
FY2013 Q4	2013-12-31	7.85	+12.7%	—	—	0.08	1.1%	—	0.02	0.24	0.12
FY2013 Q3	2013-09-30	7.96	+50.7%	—	—	0.91	11.4%	—	0.45	0.14	0.12
FY2013 Q2	2013-06-30	8.52	+22.8%	—	—	0.98	11.5%	—	0.41	0.01	0.12
FY2013 Q1	2013-03-31	8.17	+18.1%	—	—	0.96	11.8%	4.60	0.48	0.31	0.12
FY2012 Q4	2012-12-31	6.96	+22.7%	—	—	0.59	8.5%	1.78	0.29	0.01	0.12
FY2012 Q3	2012-09-30	5.28	—	—	—	-1.02	-19.4%	6.91	-0.55	0.03	0.12
FY2012 Q2	2012-06-30	6.94	—	—	—	0.59	8.5%	7.87	0.29	0.01	0.12
FY2012 Q1	2012-03-31	6.92	—	—	—	-0.09	-1.4%	8.00	-0.06	0.18	0.11
FY2011 Q4	2011-12-31	5.68	—	—	—	-0.25	-4.4%	5.00	-0.15	0.01	0.12

Quarterly figures come from the company's 10-Q and 10-K filings. The fourth quarter is derived as the full year minus the first three quarters; cash flow items are converted from fiscal year-to-date totals into single quarters.