Morgan Stanley · Multi-Quarter Financial Trends

16 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

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.