Morgan Stanley
MSFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
103,145
Cost of Revenue
45,788
Gross Profit
57,357
Gross Margin
55.6%
Operating Income
17,596
Operating Margin
17.1%
Net Income
13,390
Net Margin
13.0%
EPS (Basic)
$8.04
EPS (Diluted)
$7.95
EBITDA
22,757
EBITDA Margin
22.1%
2023
12/31/2023
Revenue
88,286
Cost of Revenue
38,151
Gross Profit
50,135
Gross Margin
56.8%
Operating Income
11,813
Operating Margin
13.4%
Net Income
9,087
Net Margin
10.3%
EPS (Basic)
$5.24
EPS (Diluted)
$5.18
EBITDA
16,069
EBITDA Margin
18.2%
2022
12/31/2022
Revenue
62,478
Cost of Revenue
12,548
Gross Profit
49,930
Gross Margin
79.9%
Operating Income
14,089
Operating Margin
22.6%
Net Income
11,029
Net Margin
17.7%
EPS (Basic)
$6.23
EPS (Diluted)
$6.15
EBITDA
18,087
EBITDA Margin
28.9%
2021
12/31/2021
Revenue
57,780
Cost of Revenue
1,370
Gross Profit
56,410
Gross Margin
97.6%
Operating Income
19,668
Operating Margin
34.0%
Net Income
15,034
Net Margin
26.0%
EPS (Basic)
$8.16
EPS (Diluted)
$8.03
EBITDA
23,884
EBITDA Margin
41.3%
2020
12/31/2020
Revenue
49,677
Cost of Revenue
4,610
Gross Profit
45,067
Gross Margin
90.7%
Operating Income
14,418
Operating Margin
29.0%
Net Income
10,996
Net Margin
22.1%
EPS (Basic)
$6.55
EPS (Diluted)
$6.46
EBITDA
18,187
EBITDA Margin
36.6%