The Goldman Sachs Group, Inc. vs Morgan Stanley
In their latest fiscal years, The Goldman Sachs Group, Inc. reported revenue of $58.28B and Morgan Stanley reported $70.64B — MS was 1.2× larger by revenue. Net income was $17.18B for GS and $16.86B for MS.
| Latest fiscal year | GS · FY ended Dec 2025 | MS · FY ended Dec 2025 |
|---|---|---|
| Revenue | $58.28B | $70.64B |
| Revenue growth | +8.9% | +14.4% |
| Net income | $17.18B | $16.86B |
| Net margin | 29.5% | 23.9% |
| Diluted EPS | $51.32 | $10.21 |
| Operating cash flow | −$45.15B | −$17.89B |
| Total assets | $1.81T | $1.42T |
| Total liabilities | $1.68T | $1.31T |
| Shareholders' equity | $124.97B | $111.63B |
| Cash & equivalents | $164.26B | $111.69B |
Revenue over time
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Both columns use the same XBRL concepts where possible, but companies may define revenue and other line items differently. Banks, insurers and industrial companies are not directly comparable on margins. Source: SEC EDGAR XBRL company facts. Not investment advice.