Morgan Stanley Q4 revenue rises to $17.9 billion, EPS $2.68 vs $2.22 a year ago
Morgan Stanley reported fourth-quarter 2025 net revenues of $17.9 billion, up from $16.2 billion a year earlier, and earnings of $2.68 per diluted share, up from $2.22. For the full year, net revenues were $70.6 billion and earnings were $10.21 per diluted share, compared with $61.8 billion and $7.95 a year earlier. Quarterly revenue was down from $18.2 billion in the third quarter, and the company repurchased $1.5 billion of its common stock during the quarter.
Key points
- Q4 2025 net income applicable to Morgan Stanley was $4.4 billion, compared with $3.7 billion a year earlier
- Full-year 2025 net revenues were $70.6 billion, up from $61.8 billion in 2024
- Board declared a $1.00 quarterly dividend per share, payable February 13, 2026, to shareholders of record on January 30, 2026
- Common stock repurchases totaled $4.6 billion for the full year 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.