MS · Morgan Stanley - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.58B | - | $18.22B | $16.79B | $17.74B | - | $15.38B | $15.02B | $15.14B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $714.00M | - | - | - | $865.00M | - | - | - | $975.00M | - |
| Operating Income | $7.01B | - | $6.03B | $4.62B | $5.54B | - | $4.22B | $4.07B | $4.39B | - |
| Interest Expense | - | - | - | - | - | - | - | - | $11.13B | - |
| Income Tax | $1.37B | - | $1.37B | $1.05B | $1.17B | - | $995.00M | $957.00M | $933.00M | - |
| Net Income | $5.57B | - | $4.61B | $3.54B | $4.32B | - | $3.19B | $3.08B | $3.41B | - |
| EPS - Basic | $3.47 | - | $2.83 | $2.15 | $2.62 | - | $1.91 | $1.85 | $2.04 | - |
| EPS - Diluted | $3.43 | - | $2.80 | $2.13 | $2.60 | - | $1.88 | $1.82 | $2.02 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $133.53B | $111.69B | $103.73B | $109.13B | $90.74B | $105.39B | $91.08B | $90.16B | $102.31B | $89.23B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1581.42B | $1420.27B | $1364.81B | $1353.87B | $1300.30B | $1215.07B | $1258.03B | $1212.45B | $1228.50B | $1193.69B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $363.01B | $341.68B | $324.13B | $320.13B | $297.00B | $284.31B | $291.22B | $269.90B | $266.15B | $260.54B |
| Total Liabilities | $1466.03B | $1307.62B | $1253.76B | $1244.60B | $1192.45B | $1109.64B | $1153.36B | $1110.84B | $1128.36B | $1093.71B |
| Stockholders' Equity | $114.29B | $111.63B | $109.96B | $108.18B | $106.81B | $104.51B | $103.65B | $100.71B | $99.20B | $99.04B |
| Retained Earnings | $118.91B | $115.09B | $112.43B | $109.57B | $107.65B | $104.99B | $102.91B | $101.37B | $99.81B | $98.00B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.10B) | - | - | - | ($23.98B) | - | - | - | $4.36B | - |
| Investing Cash Flow | ($6.60B) | - | - | - | ($5.03B) | - | - | - | $1.05B | - |
| Financing Cash Flow | $36.46B | - | - | - | $13.04B | - | - | - | $8.86B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 34.1% | - | 33.1% | 27.5% | 31.3% | - | 27.4% | 27.1% | 29.0% | - |
| EBITDA margin | 37.5% | - | - | - | 36.1% | - | - | - | 35.5% | - |
| Net margin | 27.1% | - | 25.3% | 21.1% | 24.3% | - | 20.7% | 20.5% | 22.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 19.8% | - | 22.9% | 22.8% | 21.4% | - | 23.8% | 23.7% | 21.5% | - |
| Return on assets | 0.4% | - | 0.3% | 0.3% | 0.3% | - | 0.3% | 0.3% | 0.3% | - |
| Return on equity | 4.9% | - | 4.2% | 3.3% | 4.0% | - | 3.1% | 3.1% | 3.4% | - |
| Return on invested capital | 1.2% | - | 1.1% | 0.8% | 1.1% | - | 0.8% | 0.8% | 0.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 3.18 | 3.06 | 2.95 | 2.96 | 2.78 | 2.72 | 2.81 | 2.68 | 2.68 | 2.63 |
| Debt / Assets | 0.23 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 |
| Debt / EBITDA | 46.99 | - | - | - | 46.34 | - | - | - | 49.56 | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.4x | - |
| Equity multiplier | 13.84 | 12.72 | 12.41 | 12.51 | 12.17 | 11.63 | 12.14 | 12.04 | 12.38 | 12.05 |
| Liabilities / Assets | 0.93 | 0.92 | 0.92 | 0.92 | 0.92 | 0.91 | 0.92 | 0.92 | 0.92 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 48.0x | - | 56.8x | 66.1x | 44.9x | - | 55.4x | 53.4x | 46.6x | - |
| P / B | 2.3x | - | 2.3x | 2.1x | 1.7x | - | 1.6x | 1.6x | 1.5x | - |
| P / S | 12.6x | - | 13.9x | 13.4x | 10.5x | - | 10.9x | 10.4x | 10.1x | - |
| EV / EBITDA | 63.3x | - | - | - | 61.3x | - | - | - | 58.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.0% | - | 18.5% | 11.8% | 17.2% | - | 15.9% | 11.6% | 4.3% | - |
| Revenue CAGR (3y) | 12.3% | - | 12.0% | 8.5% | 6.2% | - | 1.4% | 0.6% | -1.3% | - |
| Revenue CAGR (5y) | 5.5% | - | 9.3% | 4.6% | 13.3% | - | 8.9% | 8.0% | 8.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 26.5% | - | 42.8% | 13.5% | 26.1% | - | 34.2% | 44.9% | 16.9% | - |
| Net income growth (YoY) | 29.0% | - | 44.6% | 15.1% | 26.5% | - | 32.4% | 41.0% | 14.5% | - |
| EPS growth (YoY) | 31.9% | - | 48.9% | 17.0% | 28.7% | - | 36.2% | 46.8% | 18.8% | - |
| EPS CAGR (3y) | 26.4% | - | 24.0% | 15.3% | 8.8% | - | -1.7% | -0.5% | -2.7% | - |
| EPS CAGR (5y) | 9.4% | - | 11.0% | 1.7% | 20.8% | - | 8.2% | 8.2% | 7.8% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 7.0% | 6.8% | 6.1% | 7.4% | 7.7% | 5.5% | 4.5% | 0.3% | -1.6% | -1.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$71.36B totalInstitutional Securities Segment$33.08B · 46.4%
Wealth Management Segment$31.75B · 44.5%
Investment Management Segment$6.53B · 9.1%
Geographic
$70.64B totalAmericas$52.90B · 74.9%
Asia$9.42B · 13.3%
EMEA$8.33B · 11.8%
Peer comparison
Same SIC group: Security Brokers, Dealers & Flotation Companies
Comparing MORGAN STANLEY against the 5 most active filers in the same SIC group.
Dividends
$4.00/share trailing 12 months · +8.1% YoY
| Ex-date | Per share |
|---|---|
| Apr 30, 2026 | $1.0000 |
| Jan 30, 2026 | $1.0000 |
| Oct 31, 2025 | $1.0000 |
| Jul 31, 2025 | $1.0000 |
| Apr 30, 2025 | $0.9250 |
| Jan 31, 2025 | $0.9250 |
| Oct 31, 2024 | $0.9250 |
| Jul 31, 2024 | $0.9250 |
| Apr 29, 2024 | $0.8500 |
| Jan 30, 2024 | $0.8500 |
| Oct 30, 2023 | $0.8500 |
| Jul 28, 2023 | $0.8500 |
| Apr 28, 2023 | $0.7750 |
| Jan 30, 2023 | $0.7750 |
| Oct 28, 2022 | $0.7750 |
| Jul 28, 2022 | $0.7750 |
| Apr 28, 2022 | $0.7000 |
| Jan 28, 2022 | $0.7000 |
| Oct 28, 2021 | $0.7000 |
| Jul 29, 2021 | $0.7000 |
| Apr 29, 2021 | $0.3500 |
| Jan 28, 2021 | $0.3500 |
| Oct 29, 2020 | $0.3500 |
| Jul 30, 2020 | $0.3500 |