MORGAN STANLEY
MORGAN STANLEY
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash And Cash Equivalents At Carrying Value | 133,529 | 111,695 | 103,734 | 109,130 | 90,739 | 105,386 | 91,084 | 90,160 | 102,305 | 89,232 | 108,401 | 104,994 | |||||
Investments | |||||||||||||||||
Debt Securities Available For Sale Excluding Accru… | 109,817 | 110,466 | 108,327 | 106,872 | 98,888 | 98,608 | 97,828 | 91,238 | 87,313 | 88,113 | 76,261 | 79,567 | |||||
Debt Securities Held To Maturity Excluding Accrued… | 50,546 | 53,090 | 55,205 | 56,701 | 59,394 | 61,071 | 62,856 | 64,193 | 65,420 | 66,694 | 70,705 | 72,225 | |||||
Securities Purchased Under Agreements To Resell | 128,880 | 120,243 | 111,734 | 106,755 | 119,048 | 118,565 | 137,352 | 118,910 | 122,733 | 110,740 | 101,569 | 97,914 | |||||
Securities Borrowed | 154,570 | 151,908 | 129,113 | 139,959 | 140,226 | 123,859 | 132,412 | 122,709 | 132,852 | 121,091 | 120,916 | 139,126 | |||||
Other Receivables | 132,599 | 114,720 | 113,257 | 98,310 | 92,153 | 86,158 | 91,380 | 88,718 | 81,639 | 80,105 | 76,495 | 75,964 | |||||
Notes Receivable Net | |||||||||||||||||
Financing Receivable Excluding Accrued Interest Af… | 276,683 | 268,720 | 255,867 | 245,654 | 232,792 | 225,834 | 218,012 | 212,964 | 203,794 | 203,385 | 202,742 | 200,528 | |||||
Loans Receivable Held For Sale Net Not Part Of Dis… | 17,231 | 9,374 | 11,433 | 12,332 | 16,111 | 12,319 | 12,862 | 15,283 | 13,426 | 15,255 | 14,230 | 15,284 | |||||
Goodwill | 17,105 | 16,726 | 16,725 | 16,734 | 16,714 | 16,706 | 16,735 | 16,719 | 16,722 | 16,707 | 16,699 | 16,652 | |||||
Intangible Assets Net Excluding Goodwill | 5,960 | 6,010 | 6,097 | 6,185 | 6,305 | 6,453 | 6,620 | 6,763 | 6,914 | 7,055 | 7,204 | 7,322 | |||||
Other Assets | 28,287 | 29,042 | 29,491 | 29,719 | 27,683 | 28,228 | 28,588 | 27,747 | 27,752 | 28,242 | 27,106 | 26,881 | |||||
Assets | 1,581,418 | 1,420,270 | 1,364,806 | 1,353,870 | 1,300,296 | 1,215,071 | 1,258,027 | 1,212,447 | 1,228,503 | 1,193,693 | 1,169,013 | 1,164,911 | |||||
Deposits | 427,971 | 415,523 | 405,480 | 389,377 | 381,563 | 376,007 | 363,722 | 348,890 | 352,494 | 351,804 | 345,458 | 348,511 | |||||
Financial Instruments Sold Not Yet Purchased At Fa… | 217,356 | 169,569 | 162,408 | 171,351 | 170,009 | 153,764 | 152,238 | 155,018 | 152,843 | 151,513 | 150,298 | 147,043 | |||||
Securities Sold Under Agreements To Repurchase | 119,831 | 78,539 | 61,504 | 69,537 | 69,272 | 50,067 | 58,329 | 65,677 | 82,404 | 62,651 | 76,661 | 56,363 | |||||
Securities Loaned | 19,589 | 17,310 | 15,944 | 19,193 | 16,604 | 15,226 | 17,455 | 17,078 | 15,945 | 15,057 | 13,064 | 13,369 | |||||
Other Secured Financings | 22,666 | 21,603 | 21,441 | 23,537 | 22,267 | 21,602 | 18,143 | 17,140 | 15,091 | 12,655 | 9,668 | 8,294 | |||||
Accrued Liabilities And Other Liabilities | 27,764 | 29,620 | 28,854 | 27,459 | 25,613 | 28,220 | 28,698 | 25,944 | 23,833 | 28,151 | 26,034 | 25,177 | |||||
Debt Longterm And Shortterm Combined Amount | 371,568 | 348,935 | 331,679 | 328,801 | 305,390 | 288,819 | 298,180 | 275,197 | 271,383 | 263,732 | 247,193 | 247,973 | |||||
Liabilities | 1,466,034 | 1,307,618 | 1,253,755 | 1,244,600 | 1,192,449 | 1,109,643 | 1,153,356 | 1,110,841 | 1,128,363 | 1,093,711 | 1,068,855 | 1,063,550 | |||||
Common Stock Value | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | |||||
Additional Paid In Capital | 30,988 | 31,153 | 30,730 | 30,263 | 29,773 | 30,179 | 29,820 | 29,459 | 29,046 | 29,832 | 29,595 | 29,245 | |||||
Retained Earnings Accumulated Deficit | 118,913 | 115,091 | 112,426 | 109,567 | 107,653 | 104,989 | 102,911 | 101,374 | 99,811 | 97,996 | 98,007 | 97,151 | |||||
Capital Accumulation Plans | 6,003 | 5,154 | 5,058 | 5,085 | 5,277 | 5,103 | 5,095 | 5,110 | 5,250 | 5,314 | 5,244 | 5,258 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -5,506 | -6,285 | -6,346 | -5,913 | -5,961 | -6,814 | -5,986 | -6,760 | -7,057 | -6,421 | -7,202 | -6,300 | |||||
Treasury Stock Value | -39,879 | -38,097 | -36,618 | -35,503 | -34,423 | -33,613 | -32,868 | -32,129 | -31,372 | -31,139 | -29,959 | -28,480 | |||||
Common Stock Issued Employee Stock Trust | -6,003 | -5,154 | -5,058 | -5,085 | -5,277 | -5,103 | -5,095 | -5,110 | -5,250 | -5,314 | -5,244 | -5,258 | |||||
Stockholders Equity | 114,286 | 111,632 | 109,962 | 108,184 | 107,847 | 105,428 | 104,671 | 101,606 | 99,198 | 99,038 | 100,158 | 100,386 | |||||
Nonredeemable Noncontrolling Interest | 1,098 | 1,020 | 1,089 | 1,086 | 1,035 | 917 | 1,024 | 892 | 942 | 944 | 947 | 975 | |||||
Liabilities And Stockholders Equity | 1,581,418 | 1,420,270 | 1,364,806 | 1,353,870 | 1,300,296 | 1,215,071 | 1,258,027 | 1,212,447 | 1,228,503 | 1,193,693 | 1,169,013 | 1,164,911 | |||||
Assets | |||||||||||||||||
Debt Securities Available For Sale Amortized Cost … | 112,050 | 112,522 | 110,695 | 109,699 | 101,770 | 101,960 | 100,685 | 95,042 | 91,260 | 92,149 | 81,573 | 84,401 | |||||
Held To Maturity Securities Fair Value | 42,993 | 45,615 | 47,369 | 48,032 | 50,549 | 51,203 | 54,894 | 53,960 | 55,283 | 57,453 | 58,324 | 61,962 | |||||
Federal Funds Sold And Securities Borrowed Or Purc… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 9 | |||||
Financing Receivable Allowance For Credit Loss Exc… | 1,174 | 1,132 | 1,213 | 1,271 | 1,133 | 1,066 | 1,104 | 1,175 | 1,141 | 1,169 | 1,157 | 1,081 | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | 1,968 | 1,882 | 1,798 | 1,712 | 5,585 | 5,445 | 5,299 | 5,148 | 4,997 | 4,847 | 4,704 | 4,554 | |||||
Liabilities | |||||||||||||||||
Deposits Fair Value Disclosure | 8,593 | 8,755 | 8,477 | 7,465 | 6,681 | 6,499 | 7,327 | 6,792 | 6,429 | 6,472 | 6,318 | 5,981 | |||||
Securities Loaned Or Sold Under Agreements To Repu… | 699 | 696 | 703 | 696 | 986 | 956 | 996 | 1,012 | 827 | 1,020 | 1,002 | 1,129 | |||||
Debt Instrument Fair Value | 137,633 | 132,479 | 127,285 | 125,491 | 112,094 | 103,332 | 107,547 | 97,055 | 95,104 | 93,900 | 86,556 | 87,825 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |||||
Common Stock Shares Issued | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | 2,039 | |||||
Shares Outstanding | 1,580 | 1,583 | 1,591 | 1,598 | 1,607 | 1,607 | 1,612 | 1,619 | 1,627 | 1,627 | 1,642 | 1,659 | |||||
Treasury Stock Common Shares | 459 | 456 | 448 | 441 | 432 | 432 | 427 | 420 | 412 | 412 | 397 | 380 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.91% | 12.04% | 13.33% | - | - | - | - | - | - | - | - | - |
| 2025 | 7.05% | 17.63% | 19.57% | 6.45% | 13.26% | 15.92% | 3.67% | 11.13% | 9.38% | -11.18% | 1.88% | 11.33% |
| 2024 | 5.69% | 2.69% | 9.02% | 12.53% | 13.08% | 26.95% | 13.32% | 9.14% | 18.67% | -12.42% | -17.90% | -6.84% |
| 2023 | - | - | - | -6.64% | -6.56% | -17.96% | 3.13% | 21.18% | 11.91% | 2.95% | 0.40% | 15.54% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 1.16 | 1.11 | 1.11 | 0.99 | 0.99 | 1.18 | 1.23 | 1.26 | 1.27 | 1.28 | 1.34 | 1.45 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 10.97 | 10.21 | 9.93 | 9.02 | 8.69 | 7.95 | 7.27 | 6.66 | 5.98 | 5.61 | 5.95 | 6.06 | |||||
| Free Cash Flow Per Share TTM | -0.65 | -11.37 | -2.34 | -11.20 | -17.03 | 0.86 | -17.75 | -4.47 | -12.06 | -20.60 | -18.34 | -25.13 | |||||
| Dividend Per Share TTM | 4.28 | 4.19 | 4.13 | 4.04 | 3.95 | 3.86 | 3.80 | 3.73 | 3.66 | 3.54 | 3.49 | 3.41 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 31.70% | 30.62% | 30.62% | 29.12% | 28.87% | 26.29% | 9.04% | 8.90% | 10.97% | 16.42% | 37.78% | 49.65% | |||||
| Operating Profit Margin TTM | 31.87% | 31.08% | 30.59% | 29.17% | 29.12% | 28.49% | 25.30% | 24.34% | 22.73% | 21.82% | 23.17% | 23.75% | |||||
| Net Profit Margin TTM | 23.53% | 23.00% | 22.89% | 21.72% | 21.60% | 20.73% | 20.01% | 19.05% | 17.64% | 17.05% | 18.10% | 18.63% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.17% | 14.38% | 18.04% | 17.42% | 17.53% | 14.07% | 8.22% | 4.87% | 2.58% | 0.89% | -2.61% | -6.12% | |||||
| Net Income Growth (1Y) | 24.34% | 26.95% | 35.07% | 33.88% | 43.94% | 38.68% | 19.61% | 7.20% | -6.66% | -17.43% | -21.87% | -26.42% | |||||
| EPS Growth (1Y) | 26.17% | 28.32% | 36.53% | 35.33% | 45.49% | 41.90% | 22.32% | 9.96% | -4.09% | -14.24% | -19.46% | -23.32% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 14.78 | 17.01 | 15.55 | 15.10 | 12.87 | 15.04 | 13.52 | 13.66 | 14.63 | 15.27 | 12.45 | 12.68 | |||||
| P/B TTM | 2.24 | 2.45 | 2.23 | 2.00 | 1.66 | 1.83 | 1.51 | 1.44 | 1.42 | 1.41 | 1.21 | 1.26 | |||||
| P/S TTM | 3.48 | 3.91 | 3.56 | 3.28 | 2.78 | 3.12 | 2.70 | 2.60 | 2.58 | 2.60 | 2.25 | 2.36 | |||||
| Market Cap | 255.52B | 276.41B | 245.53B | 216.90B | 179.01B | 192.47B | 158.04B | 146.59B | 141.33B | 140.95B | 121.65B | 126.90B | |||||
| Enterprise Value | 121.99B | 164.72B | 141.80B | 107.77B | 88.27B | 87.09B | 66.95B | 56.43B | 39.03B | 51.72B | 13.25B | 21.90B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -1.01B | -17.89B | -3.68B | -17.67B | -26.97B | 1.36B | -28.19B | -7.12B | -19.31B | -33.54B | -29.78B | -41.08B | |||||
| Net Debt | -133.53B | -111.70B | -103.73B | -109.13B | -90.74B | -105.39B | -91.08B | -90.16B | -102.31B | -89.23B | -108.40B | -104.99B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MORGAN STANLEY (MS) — SEC Financial Statements & Analysis
MORGAN STANLEY (MS) is a security brokers, dealers & flotation companies company, incorporated in DE. MORGAN STANLEY trades on NYSE as: MS, MS-PK, MS-PE, MS-PA, MS-PF, MS-PI, MS-PL, MS-PO, MS-PP, MS-PQ. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), MORGAN STANLEY reported a 14.17% year-over-year revenue growth, a Gross Profit Margin of 31.70% (TTM), a Price-to-Sales (P/S) ratio of 3.48x (TTM), a Price-to-Book (P/B) ratio of 2.24 (TTM), at a market cap of $255.52B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 14.17%
- Gross Profit Margin TTM
- 31.70%
- P/S TTM
- 3.48x
- P/B TTM
- 2.24
- Market Cap
- $255.52B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MORGAN STANLEY in?
MORGAN STANLEY (MS) operates in the Security Brokers, Dealers & Flotation Companies industry.
What is MS's market cap?
MORGAN STANLEY (MS) has a market capitalization of $255.52B as of 2026-03-31.
What is MS's P/E ratio?
MORGAN STANLEY (MS)'s trailing twelve month P/E ratio is 14.78x as of 2026-03-31.
What exchange does MS trade on?
MORGAN STANLEY (MS) trades on the NYSE.
Where is MORGAN STANLEY incorporated?
MORGAN STANLEY is incorporated in DE.