Morgan Stanley
0QYU.L
$157.50 2.07%
Exchange: LSE | Sector: Financial Services | Industry: Financial Diversified
Q2 2025
Published: Jul 16, 2025

Earnings Highlights

  • Revenue of $29.35B up 15.2% year-over-year
  • EPS of $2.13 increased by 15.1% from previous year
  • Gross margin of 56.5%
  • Net income of 3.54B
  • "Our focus on high-net-worth clients has continued to pay dividends, allowing us to withstand market fluctuations better than many peers." - James Gorman, CEO

Morgan Stanley (0QYU.L) Q2 2025 Financial Results: Strong Revenue Performance with Strategic Challenges

Executive Summary

Morgan Stanley reported impressive Q2 2025 results, exhibiting a revenue increase of 15.16% year-over-year (YoY) to $29.35 billion, driven primarily by robust performance in their Institutional Securities and Wealth Management segments. The company’s net income rose by 15.05% YoY to $3.54 billion, with earnings per share (EPS) reflecting a growth of 15.14% YoY. However, the quarter showed sequential (quarter-on-quarter, or QoQ) challenges, with notable declines in operating income and net income of 16.63% and 17.98% respectively.

Key Performance Indicators

Revenue

29.35B
QoQ: 5.15% | YoY:15.16%

Gross Profit

16.60B
56.55% margin
QoQ: 1.31% | YoY:18.98%

Operating Income

4.62B
QoQ: -16.63% | YoY:13.45%

Net Income

3.54B
QoQ: -17.98% | YoY:15.05%

EPS

2.13
QoQ: -18.70% | YoY:15.14%

Revenue Trend

Margin Analysis

Key Insights

  • **Q2 2025 Revenue**: $29.35 billion (15.16% YoY, 5.15% QoQ)
  • **Gross Profit**: $16.60 billion (18.98% YoY, 1.31% QoQ)
  • **Operating Income**: $4.62 billion (13.45% YoY, -16.63% QoQ)
  • **Net Income**: $3.54 billion (15.05% YoY, -17.98% QoQ)
  • **EPS**: $2.13 (15.14% YoY, -18.70% QoQ)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 29,350.00 2.13 +15.2% View
Q1 2025 27,912.00 2.60 +6.0% View
Q4 2024 25,982.00 2.22 +7.4% View
Q3 2024 26,328.00 1.88 +16.7% View
Q2 2024 25,486.00 1.82 +18.6% View