Morgan Stanley (MS) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $3.46
- EPS estimate
- $2.93
- EPS surprise
- +17.96%
- Revenue surprise
- +8.50%
- Revenue
- $21.3B
- Revenue estimate
- $19.7B
- Reported
- Jul 15, 2026
Morgan Stanley reported Q2 2026 results on July 15, 2026. Earnings per share were $3.46, ahead of the $2.93 estimate by 17.96%. Revenue was $21.3 billion, above the $19.7 billion consensus by 8.50%. Compared with Q2 2025, EPS rose about 62% from $2.13 and revenue rose about 27% from $16.8 billion.
The quarter set the highs in the table for both EPS and revenue. Annual EPS was $6.34 in 2022 and $5.17 in 2023, then rose to $7.94 in 2024 and $10.21 in 2025. Revenue grew from $54.2 billion in 2023 to $70.6 billion in 2025. The first half of 2026 adds up to $6.89 per share, about 46% more than the same period a year earlier. The low in the table was Q4 2023, at $0.85 per share. Over the last 20 quarters, Morgan Stanley beat the EPS estimate 18 times. The two misses were Q2 2022 and Q4 2023. Its largest beat was 33.23% in Q3 2025.
Morgan Stanley reported Q3 between October 14 and October 18 in each of the last five years. That points to mid-October 2026 for the next report. It will show whether earnings hold near the first-half levels.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 15, 2026 | $2.93 | $3.46 | +17.96% | $21.3B | SEC |
| Q1 2026 | Apr 15, 2026 | $3.02 | $3.43 | +13.46% | $20.6B | SEC |
| Q4 2025 | Jan 15, 2026 | $2.42 | $2.68 | +10.67% | $17.9B | SEC |
| Q3 2025 | Oct 15, 2025 | $2.10 | $2.80 | +33.23% | $18.2B | SEC |
| Q2 2025 | Jul 16, 2025 | $1.98 | $2.13 | +7.47% | $16.8B | SEC |
| Q1 2025 | Apr 11, 2025 | $2.21 | $2.60 | +17.84% | $17.7B | SEC |
| Q4 2024 | Jan 16, 2025 | $1.70 | $2.22 | +30.77% | $16.2B | SEC |
| Q3 2024 | Oct 16, 2024 | $1.59 | $1.88 | +18.01% | $15.4B | SEC |
| Q2 2024 | Jul 16, 2024 | $1.65 | $1.82 | +10.08% | $15.0B | SEC |
| Q1 2024 | Apr 16, 2024 | $1.67 | $2.02 | +20.83% | $15.1B | SEC |
| Q4 2023 | Jan 16, 2024 | $1.07 | $0.85 | −20.84% | $12.9B | SEC |
| Q3 2023 | Oct 18, 2023 | $1.31 | $1.38 | +5.44% | $13.3B | SEC |
| Q2 2023 | Jul 18, 2023 | $1.20 | $1.24 | +3.20% | $13.5B | SEC |
| Q1 2023 | Apr 19, 2023 | $1.68 | $1.70 | +1.18% | $14.5B | SEC |
| Q4 2022 | Jan 17, 2023 | $1.25 | $1.31 | +4.72% | $12.7B | SEC |
| Q3 2022 | Oct 14, 2022 | $1.52 | $1.53 | +0.84% | $13.0B | — |
| Q2 2022 | Jul 14, 2022 | $1.56 | $1.44 | −7.92% | $13.1B | — |
| Q1 2022 | Apr 14, 2022 | $1.71 | $2.06 | +20.21% | $14.8B | — |
| Q4 2021 | Jan 19, 2022 | $1.94 | $2.08 | +7.01% | $14.5B | — |
| Q3 2021 | Oct 14, 2021 | $1.69 | $2.04 | +20.65% | $14.8B | — |
Quarterly revenue
Frequently asked questions
When did Morgan Stanley (MS) last report earnings?
Morgan Stanley last reported on Jul 15, 2026, covering fiscal Q2 2026.
Did MS beat earnings estimates?
Yes. Morgan Stanley reported EPS of $3.46 for Q2 2026 against a $2.93 estimate — a 17.96% beat.
How much revenue did MS report last quarter?
Morgan Stanley reported $21.3B in revenue for Q2 2026, against a consensus estimate of $19.7B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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