Pre-Tax Income
Income Before TaxMorgan Stanley Pre-Tax Income decreased by 4.4% to $5.76B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 17.4%, from $4.91B to $5.76B. Over 4 years (FY 2021 to FY 2025), Pre-Tax Income shows an upward trend with a 2.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
This represents the total pool of earnings available to be split between the government and shareholders.
Detailed definition
A company's total earnings including both operating and non-operating items, before the provision for income taxes is ap...
Peer comparison
Used to calculate the effective tax rate when compared to the final tax expense.
Metric ID:
is_income_before_taxHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.57B | $4.87B | $4.88B | $4.59B | $3.32B | $3.39B | $2.79B | $3.76B | $2.81B | $3.15B | $2.10B | $4.40B | $4.07B | $4.22B | $4.91B | $5.54B | $4.62B | $6.03B | $5.76B |
| QoQ Change | — | +6.7% | +0.2% | -6.1% | -27.7% | +2.1% | -17.5% | +34.6% | -25.2% | +11.8% | -33.4% | +109.7% | -7.3% | +3.6% | +16.2% | +13.0% | -16.6% | +30.4% | -4.4% |
| YoY Change | — | — | — | — | -27.3% | -30.5% | -42.8% | -18.0% | -15.3% | -7.2% | -25.0% | +16.9% | +44.9% | +34.2% | +134.1% | +26.1% | +13.5% | +42.8% | +17.4% |
Range$2.10B – $6.03B
CAGR+5.3%
Avg YoY Growth+10.9%
Median YoY Growth+13.5%
Business Segments
Loading segment data...
Geographic Breakdown
Loading segment data...
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's pre-tax income?
- Morgan Stanley (MS) reported pre-tax income of $5.76B in Q4 2025.
- How has Morgan Stanley's pre-tax income changed year-over-year?
- Morgan Stanley's pre-tax income increased by 17.4% year-over-year, from $4.91B to $5.76B.
- What is the long-term trend for Morgan Stanley's pre-tax income?
- Over 4 years (2021 to 2025), Morgan Stanley's pre-tax income has grown at a 2.8% compound annual growth rate (CAGR), from $19.67B to $21.95B.
- What does pre-tax income mean?
- Total profit before the government takes its share in taxes.