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Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
196.31
-0.01 (-0.01%)
At close: Sep 25, 2026, 4:00 PM EDT
196.65
+0.34 (0.17%)
After-hours: Sep 25, 2026, 7:59 PM EDT

Morgan Stanley Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
21,25020,48217,87218,22416,59617,60416,10815,30414,94315,14212,89313,13913,29614,28312,66212,95113,03114,74414,51914,729
Revenue Growth
28.04%16.35%10.95%19.08%11.06%16.26%24.94%16.48%12.39%6.01%1.82%1.45%2.03%-3.13%-12.79%-12.07%-11.27%-6.78%6.81%26.86%
Operating Income
8,8338,3196,9037,0845,6626,4505,9765,0775,0155,2523,5613,9963,7594,6803,6724,2174,3395,4525,9775,889
Net Income
5,4365,4114,2504,4503,3924,1573,5643,0282,9423,2661,3832,2622,0492,8362,1132,4942,3913,5423,5923,584
Earnings Per Share
3.463.432.682.802.132.602.221.881.822.020.841.381.241.701.261.471.392.022.011.98
EPS Growth
62.44%31.92%20.72%48.94%17.03%28.71%163.62%36.23%46.77%18.82%-33.19%-6.12%-10.79%-15.84%-37.24%-25.76%-24.87%-7.76%11.02%19.28%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Institutional Securities
11,04010,7217,9318,5237,6438,9837,2676,8156,9827,0164,9405,6695,6546,7974,8005,8176,1197,6576,6697,495
Wealth Management
8,8568,5198,4298,2347,7647,3277,4787,2706,7926,8806,6456,4046,6606,5596,6266,1205,7365,9356,2545,935
Investment Management
1,6461,5351,7201,6511,5521,6021,6431,4551,3861,3771,4641,3361,2811,2891,4611,1681,4111,3351,7511,453
Eliminations
-194-195-190-184-167-173-165-157-141-137-153-136-138-128-138-119-134-126-150-130
Revenue (Total)
21,34820,58017,89018,22416,79217,73916,22315,38315,01915,13612,89613,27313,45714,51712,74912,98613,13214,80114,52414,753

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
739,076663,305600,391570,777563,002548,955532,663574,627528,663727,047526,501541,129548,275573,243553,531550,470572,968604,910570,016575,173
Total Debt
607,496579,512513,408467,028479,194449,336418,581424,726407,455416,833394,787379,197356,762363,960367,465349,616353,232355,272357,380351,870
Net Cash (Debt)
131,58083,79386,983103,74983,80899,619114,082149,901121,208310,214131,714161,932191,513209,283186,066200,854219,736249,638212,636223,303
Net Cash Growth
57.00%-15.89%-23.75%-30.79%-30.86%-67.89%-13.39%-7.43%-36.71%48.23%-29.21%-19.38%-12.84%-16.16%-12.50%-10.05%-0.84%19.21%22.36%47.18%
Net Cash Per Share
83.8653.1754.8465.2552.6162.2670.9593.1675.24191.9681.0598.56116.00125.85110.82118.36127.53142.24119.12123.24

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
-2,747-7,098-2,410-3,33211,829-23,97611,800-17,3232,5254,360-17,7523,747-9,666-9,865-13,996-7,55314,9132393492,128
Capital Expenditures
-819-754-709-713-763-713-879-916-851-816-929-913-851-719-770-857-799-652-650-619
Free Cash Flow
-3,566-7,852-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-3011,509
Free Cash Flow Growth
----561.05%-----------244.16%---

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Margin
41.57%40.62%38.63%38.87%34.12%36.64%37.10%33.17%33.56%34.69%27.62%30.41%28.27%32.77%29.00%32.56%33.30%36.98%41.17%39.98%
Pretax Margin
34.58%34.23%32.23%33.08%27.85%31.49%30.46%27.58%27.26%29.03%16.26%23.94%21.15%26.33%22.07%26.16%25.47%31.12%33.64%33.09%
Profit Margin
25.58%26.42%23.78%24.42%20.44%23.61%22.13%19.79%19.69%21.57%10.73%17.22%15.41%19.86%16.69%19.26%18.35%24.02%24.74%24.33%
FCF Margin
-16.78%-38.34%-17.45%-22.20%66.68%-140.25%67.80%-119.18%11.20%23.41%-144.89%21.57%-79.10%-74.10%-116.62%-64.94%108.31%-2.80%-2.07%10.24%

Dividends
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Dividend Per Share
1.1501.0001.0751.0001.0000.9251.0000.9250.9250.8500.8500.8500.8500.7750.7750.7750.7750.7000.7000.700
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
2.03%2.50%2.29%2.53%2.81%3.36%3.08%3.59%3.80%3.87%3.86%4.36%4.11%3.94%4.00%4.24%4.33%3.71%2.91%2.53%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
16.8714.9317.3616.3115.9813.7415.8215.8816.0317.1817.9414.6115.0315.0213.6311.2910.1511.0212.0912.47
Forward PE
17.4314.4116.7817.3116.3213.4016.1914.6214.3214.8415.3212.6113.0312.3512.4511.3210.3511.6612.9114.04
P/FCF Ratio
----------------8.92--29.42
PS Ratio
4.243.574.013.703.442.943.292.892.822.832.862.542.682.792.692.462.332.652.953.02