How many employees does Morgan Stanley have?

Morgan Stanley reported 83,000 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 19, 2026. That is up 3.8% from a year earlier.

What is Morgan Stanley's revenue per employee?

Morgan Stanley brought in $115.0B of revenue in fiscal Dec 2025, which is $1.39M per employee. That ranks 13 of 21 companies we track in Financial - Capital Markets, where the median is $1.51M.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Morgan Stanley employees and revenue per employee

MS · Financial - Capital Markets · $300.2B market cap

Morgan Stanley had 83,000 employees at the end of fiscal Dec 2025, up 3.8% from a year earlier. Revenue for the year was $115.0B, up 11.5% from a year earlier, or $1.39M per employee. Revenue and headcount both grew, and revenue grew faster.

Employees

83,000

+3.8% YoY

Revenue

$115.0B

+11.5% YoY

Revenue / employee

$1.39M

Peer median $1.51M

Rank in industry

13 of 21

Financial - Capital Markets

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2021

Hover a year for the numbers.

MS employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	83,000	$115.0B	$1.39M	+3.8%	+11.5%
Dec 2024	80,000	$103.1B	$1.29M	+0.0%	+16.8%
Dec 2023	80,000	$88.3B	$1.10M	-2.4%	+41.3%
Dec 2022	82,000	$62.5B	$762K	+9.3%	+8.1%
Dec 2021	75,000	$57.8B	$770K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Morgan Stanley against similar companies

The closest industry peers by revenue, from Financial - Capital Markets.

Company	Employees	Revenue	Revenue / employee	Shape
GLXY Galaxy Digital	700	$61.4B	$87.7M	—
SNEX StoneX Group Inc.	5,400	$132.4B	$24.5M	Efficient growth
GS The Goldman Sachs Group, Inc.	47,400	$125.1B	$2.64M	Hiring into decline
LPLA LPL Financial Holdings Inc.	10,000	$17.0B	$1.70M	Efficient growth
HOOD Robinhood Markets, Inc.	2,900	$4.47B	$1.54M	Efficient growth
EVR Evercore Inc.	2,570	$3.88B	$1.51M	Efficient growth
JEF Jefferies Financial Group Inc.	7,787	$10.8B	$1.39M	Leaner
MS Morgan Stanley	83,000	$115.0B	$1.39M	Efficient growth
SCHW The Charles Schwab Corporation	33,000	$27.7B	$839K	Efficient growth

Every Financial Services company

Questions about Morgan Stanley

How many employees does Morgan Stanley have?: Morgan Stanley reported 83,000 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 19, 2026. That is up 3.8% from a year earlier.
What is Morgan Stanley's revenue per employee?: Morgan Stanley brought in $115.0B of revenue in fiscal Dec 2025, which is $1.39M per employee. That ranks 13 of 21 companies we track in Financial - Capital Markets, where the median is $1.51M.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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Compare MS with the rest of the market

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Source: employee counts and revenue as stated in Morgan Stanley's annual reports (Form 10-K), latest filed February 19, 2026. This is data, not a recommendation to buy or sell MS.