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Reported Q: Q3 2024 Rev YoY: +16.7% EPS YoY: +37.4% Move: -0.03%

Morgan Stanley

0QYU.L

$177.90 -0.03%

Exchange LSE Sector Financial Services Industry Financial Diversified

Q3 2024

Published: Nov 4, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0QYU.L

Reported

Report Date

Nov 4, 2024

Quarter Q3 2024

Revenue

26.33B

YoY: +16.7%

EPS

1.88

YoY: +37.4%

Market Move

-0.03%

Previous quarter: N/A

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Earnings Highlights

Revenue of $26.33B up 16.7% year-over-year
EPS of $1.88 increased by 37.4% from previous year
Gross margin of 54.2%
Net income of 3.19B
"'Our resilient performance underscores our diversified business model, which continues to serve us well even in turbulent times.' - James Gorman, CEO" - James Gorman

0QYU.L

Morgan Stanley

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Apr 11, 2026

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Executive Summary

Morgan Stanley delivered robust financial performance in the third quarter of 2024, demonstrating substantial revenue growth and profitability relative to prior periods. The firm reported a revenue of $26.33 billion, a 16.67% increase year-over-year (YoY) and a modest 3.30% growth quarter-over-quarter (QoQ). Net income rose to $3.19 billion, a significant increase of 32.39% YoY, reflecting effective cost management and robust demand across its service offerings. Management expressed confidence in sustaining this growth trajectory through disciplined risk management and strategic investments in technological capabilities, aimed at improving client engagement and operational efficiencies.

Key Performance Indicators

Revenue

Increasing

26.33B

QoQ: 3.30% | YoY: 16.67%

Gross Profit

Increasing

14.26B

54.16% margin

QoQ: 2.24% | YoY: 16.09%

Operating Income

Increasing

4.22B

QoQ: 3.61% | YoY: 34.21%

Net Income

Increasing

3.19B

QoQ: 3.64% | YoY: 32.39%

EPS

Increasing

1.91

QoQ: 3.24% | YoY: 37.41%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Performance
- Total Revenue: $26.33 billion (YoY: +16.67%, QoQ: +3.30%)
- Gross Profit: $14.26 billion (YoY: +16.09%, QoQ: +2.24%)

### Profitability Metrics
- Operating Income: $4.22 billion (YoY: +34.21%, QoQ: +3.61%)
- Net Income: $3.19 billion (YoY: +32.39%, QoQ: +3.64%)
- EPS (Diluted): $1.88 (YoY: +37.41%, QoQ: +3.24%)

### Cost Management
- Operating Expenses: $10.04 billion, demonstrating strict operational cost controls amid increasing revenue, leading to an operating margin of approximately 16.03%.

Morgan Stanleyâ€™s performance illustrates solid fundamentals, operational efficiency, and strategic initiatives positioned to capitalize on market opportunities, despite macroeconomic challenges.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	26.33B	16.67%	3.30%
Gross Profit	14.26B	16.09%	2.24%
Operating Income	4.22B	34.21%	3.61%
Net Income	3.19B	32.39%	3.64%
EPS	1.91	37.41%	3.24%

Key Financial Ratios

Gross Profit Margin

Weak

1.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Good

15.20%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

11.60%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.25%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.08%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.53

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

High Risk

3.78

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

12.92x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.59x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2025	29,989.00	2.67	+15.4%	View
Q3 2025	31,189.00	2.80	+18.5%	View
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

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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