Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
211.58
-2.98 (-1.39%)
At close: Jul 28, 2026, 4:00 PM EDT
213.00
+1.42 (0.67%)
After-hours: Jul 28, 2026, 7:58 PM EDT
Morgan Stanley Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Revenue Revenue Growth | 21,348 | 20,580 | 17,890 | 18,224 | 16,792 | 17,739 | 16,223 | 15,383 | 15,019 | 15,136 | 12,896 | 13,273 | 13,457 | 14,517 | 12,749 | 12,986 | 13,132 | 14,801 | 14,524 | 14,753 |
Revenue Growth | 27.13% | 16.02% | 10.28% | 18.47% | 11.80% | 17.20% | 25.80% | 15.90% | 11.61% | 4.26% | 1.15% | 2.21% | 2.48% | -1.92% | -12.22% | -11.98% | -11.02% | -5.84% | 6.82% | 25.87% |
Gross Profit Gross Profit Growth | 11,697 | 10,782 | 9,699 | 9,641 | 8,414 | 8,996 | 8,754 | 7,606 | 7,564 | 7,519 | 6,080 | 6,483 | 6,320 | 7,226 | 6,283 | 6,525 | 6,704 | 7,645 | 8,226 | 8,008 |
Operating Income Operating Income Growth | 7,348 | 7,011 | 5,760 | 6,028 | 4,622 | 5,544 | 4,906 | 4,221 | 4,074 | 4,395 | 2,096 | 3,145 | 2,812 | 3,760 | 2,794 | 3,388 | 3,319 | 4,588 | 4,884 | 4,874 |
Net Income Net Income Growth | 5,436 | 5,411 | 4,250 | 4,450 | 3,392 | 4,157 | 3,564 | 3,028 | 2,942 | 3,266 | 1,383 | 2,262 | 2,049 | 2,836 | 2,113 | 2,494 | 2,391 | 3,542 | 3,592 | 3,584 |
Earnings Per Share EPS Growth | 3.46 | 3.43 | 2.68 | 2.80 | 2.13 | 2.60 | 2.22 | 1.88 | 1.82 | 2.02 | 0.85 | 1.38 | 1.24 | 1.70 | 1.26 | 1.47 | 1.39 | 2.02 | 2.01 | 1.98 |
EPS Growth | 62.44% | 31.92% | 20.72% | 48.94% | 17.03% | 28.71% | 161.18% | 36.23% | 46.77% | 18.82% | -32.54% | -6.12% | -10.79% | -15.84% | -37.31% | -25.76% | -24.87% | -7.76% | 11.05% | 19.28% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Institutional Securities Institutional Securities Growth | 11,040 | 10,721 | 7,931 | 8,523 | 7,643 | 8,983 | 7,267 | 6,815 | 6,982 | 7,016 | 4,940 | 5,669 | 5,654 | 6,797 | 4,800 | 5,817 | 6,119 | 7,657 | 6,669 | 7,495 |
Wealth Management Wealth Management Growth | 8,856 | 8,519 | 8,429 | 8,234 | 7,764 | 7,327 | 7,478 | 7,270 | 6,792 | 6,880 | 6,645 | 6,404 | 6,660 | 6,559 | 6,626 | 6,120 | 5,736 | 5,935 | 6,254 | 5,935 |
Investment Management Investment Management Growth | 1,646 | 1,535 | 1,720 | 1,651 | 1,552 | 1,602 | 1,643 | 1,455 | 1,386 | 1,377 | 1,464 | 1,336 | 1,281 | 1,289 | 1,461 | 1,168 | 1,411 | 1,335 | 1,751 | 1,453 |
Eliminations Eliminations Growth | -194 | -195 | -190 | -184 | -167 | -173 | -165 | -157 | -141 | -137 | -153 | -136 | -138 | -128 | -138 | -119 | -134 | -126 | -150 | -130 |
Revenue (Total) Revenue (Total) Growth | 21,348 | 20,580 | 17,890 | 18,224 | 16,792 | 17,739 | 16,223 | 15,383 | 15,019 | 15,136 | 12,896 | 13,273 | 13,457 | 14,517 | 12,749 | 12,986 | 13,132 | 14,801 | 14,524 | 14,753 |
| Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Cash & Investments Cash & Investments Growth | 133,529 | 111,695 | 103,734 | 109,130 | 90,739 | 105,386 | 91,084 | 90,160 | 102,305 | 89,232 | 108,401 | 104,994 | 111,258 | 128,127 | 111,696 | 131,286 | 136,086 | 127,725 | 123,863 | 126,480 |
Total Debt Total Debt Growth | 942,036 | 864,600 | 820,104 | 811,252 | 778,492 | 736,495 | 738,374 | 706,904 | 721,372 | 690,842 | 678,980 | 661,141 | 666,866 | 665,396 | 626,380 | 646,741 | 659,533 | 652,930 | 631,062 | 613,377 |
Net Cash (Debt) Net Cash Growth | -808,507 | -752,905 | -716,370 | -702,122 | -687,753 | -631,109 | -647,290 | -616,744 | -619,067 | -601,610 | -570,579 | -556,147 | -555,608 | -537,269 | -514,684 | -515,455 | -523,447 | -525,205 | -507,199 | -486,897 |
Net Cash Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -513.01 | -474.72 | -450.55 | -440.75 | -429.85 | -392.48 | -402.29 | -382.83 | -383.09 | -369.77 | -347.28 | -336.85 | -334.10 | -319.99 | -303.29 | -299.16 | -298.26 | -294.23 | -279.91 | -264.47 |
| Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Operating Cash Flow Operating Cash Flow Growth | -7,098 | -2,410 | -3,332 | 11,829 | -23,976 | 11,800 | -17,323 | 2,525 | 4,360 | -17,752 | 3,747 | -9,666 | -9,865 | -13,996 | -7,553 | 14,913 | 239 | 349 | 2,128 | 4,615 |
Capital Expenditures CapEx Growth | -754 | -709 | -713 | -763 | -713 | -879 | -916 | -851 | -816 | -929 | -913 | -851 | -719 | -770 | -857 | -799 | -652 | -650 | -619 | -514 |
Free Cash Flow Free Cash Flow Growth | -7,852 | -3,119 | -4,045 | 11,066 | -24,689 | 10,921 | -18,239 | 1,674 | 3,544 | -18,681 | 2,834 | -10,517 | -10,584 | -14,766 | -8,410 | 14,114 | -413 | -301 | 1,509 | 4,101 |
Free Cash Flow Growth | - | - | - | 561.05% | - | - | - | - | - | - | - | - | - | - | - | 244.16% | - | - | - | - |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Gross Margin | 54.79% | 52.39% | 54.21% | 52.90% | 50.11% | 50.71% | 53.96% | 49.44% | 50.36% | 49.68% | 47.15% | 48.84% | 46.96% | 49.78% | 49.28% | 50.25% | 51.05% | 51.65% | 56.64% | 54.28% |
Operating Margin | 34.42% | 34.07% | 32.20% | 33.08% | 27.52% | 31.25% | 30.24% | 27.44% | 27.13% | 29.04% | 16.25% | 23.69% | 20.90% | 25.90% | 21.92% | 26.09% | 25.27% | 31.00% | 33.63% | 33.04% |
Pretax Margin | 34.42% | 34.07% | 32.20% | 33.08% | 27.53% | 31.25% | 30.24% | 27.44% | 27.13% | 29.04% | 16.25% | 23.69% | 20.90% | 25.90% | 21.92% | 26.09% | 25.27% | 31.00% | 33.63% | 33.04% |
Profit Margin | 26.48% | 27.40% | 24.73% | 25.54% | 21.29% | 24.64% | 22.96% | 20.97% | 20.75% | 22.87% | 11.95% | 18.35% | 16.50% | 20.89% | 17.77% | 20.50% | 19.31% | 25.10% | 25.59% | 25.24% |
FCF Margin | 0.00% | -38.15% | -17.43% | -22.20% | 65.90% | -139.18% | 67.32% | -118.57% | 11.15% | 23.41% | -144.86% | 21.35% | -78.15% | -72.91% | -115.82% | -64.76% | 107.48% | -2.79% | -2.07% | 10.23% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Dividend Per Share Dividend Per Share Growth | 1.150 | 1.000 | 1.075 | 1.000 | 1.000 | 0.925 | 1.000 | 0.925 | 0.925 | 0.850 | 0.850 | 0.850 | 0.850 | 0.775 | 0.775 | 0.775 | 0.775 | 0.700 | 0.700 | 0.700 |
Dividend Per Share Growth | 15.00% | 8.11% | 7.50% | 8.11% | 8.11% | 8.82% | 17.65% | 8.82% | 8.82% | 9.68% | 9.68% | 9.68% | 9.68% | 10.71% | 10.71% | 10.71% | 10.71% | 100.00% | 100.00% | 100.00% |
Dividend Yield | 0.00% | 0.66% | 0.61% | 0.68% | 0.71% | 0.87% | 0.80% | 0.96% | 0.95% | 0.99% | 0.99% | 1.13% | 0.99% | 0.97% | 0.98% | 1.06% | 1.01% | 0.87% | 0.76% | 0.78% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 16.90 | 14.91 | 17.39 | 16.30 | 15.95 | 13.69 | 15.81 | 15.87 | 16.01 | 17.15 | 18.00 | 14.64 | 15.06 | 15.09 | 13.82 | 11.47 | 10.28 | 11.12 | 12.22 | 12.43 |
Forward PE | 17.43 | 14.41 | 16.78 | 17.31 | 16.32 | 13.40 | 16.19 | 14.62 | 14.32 | 14.84 | 15.32 | 12.61 | 13.03 | 12.35 | 12.45 | 11.32 | 10.35 | 11.66 | 12.91 | 14.04 |
P/FCF Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.82 | 8.79 | 31.35 | 5.49 | 29.01 |
PS Ratio | 4.22 | 3.54 | 3.98 | 3.67 | 3.40 | 2.91 | 3.27 | 2.88 | 2.79 | 2.80 | 2.80 | 2.48 | 2.64 | 2.75 | 2.65 | 2.41 | 2.29 | 2.61 | 2.91 | 2.98 |