Morgan Stanley MS
$181.44 −$1.00 (-0.55%)
Market closed · Nov 7, 9:50 pm ET · Last extended-hours $181.80 +0.20%
Open$182.40
Prev close$182.44
Day range$181.36 – $185.34
Volume6.02M
Market cap$283.60B
P/E (TTM)14.4
Dividend yield2.29%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$18.87B+10.5% YoY
Net profit$4.97B+6.7% YoY
Diluted EPS$3.03+8.2% YoY
Free cash flow-$3.57B-132.2% YoY
Operating cash flow-$2.75B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Net margin26.5%
Liabilities / assets93.0%
Cash & investments$123.04B
Total debt$422.38B
Net cash (debt)-$299.34B
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $20.34B | $21.35B | $20.58B | $70.65B | $17.89B |
| Total Operating Revenue | $18.87B | $19.88B | $19.32B | $65.97B | $16.76B |
| Net Interest Income | $3.25B | $2.78B | $2.70B | $10.05B | $2.86B |
| -Interest Income | $16.19B | $15.90B | $15.27B | $59.06B | $14.95B |
| -Interest Expense | $12.94B | $13.12B | $12.57B | $49.02B | $12.10B |
| Non-Interest Income | $15.62B | $17.10B | $16.62B | $55.92B | $13.91B |
| -Fees and Commissions | $7.45B | $7.28B | $7.16B | $26.40B | $7.22B |
| -Trading Gain Loss | $5.60B | $6.14B | $6.06B | $16.86B | $3.47B |
| -Investment Banking Profit | $2.36B | $2.65B | $2.29B | $8.20B | $2.58B |
| -Other Non-Interest Income | $244.00M | $223.00M | $292.00M | $1.41B | $212.00M |
| -Gain Loss on Sale of Assets | -$39.00M | $226.00M | $146.00M | $1.35B | $220.00M |
| Credit Losses Provision | -$148.00M | -$98.00M | -$98.00M | -$349.00M | -$18.00M |
| Non-Interest Expense | $12.25B | $12.44B | $12.04B | $43.52B | $10.84B |
| Occupancy and Equipment | $502.00M | $482.00M | $483.00M | $1.87B | $491.00M |
| Professional Expense and Contract Services Expense | $700.00M | $680.00M | $602.00M | $2.84B | $769.00M |
| Selling and Admin Expenses | $8.34B | $8.59B | $8.67B | $30.25B | $7.28B |
| -Selling & Marketing Expense | $347.00M | $401.00M | $310.00M | $1.17B | $358.00M |
| -General & Admin Expense | $8.00B | $8.19B | $8.36B | $29.07B | $6.92B |
| Other Non-Interest Expenses | $2.70B | $2.69B | $2.28B | $8.56B | $2.30B |
| Pretax Profit | $6.48B | $7.35B | $7.01B | $21.95B | $5.76B |
| Tax | $1.51B | $1.70B | $1.37B | $4.93B | $1.34B |
| Net Profit | $4.97B | $5.65B | $5.64B | $17.03B | $4.42B |
| Profit from Continuing Operations | $4.97B | $5.65B | $5.64B | $17.03B | $4.42B |
| Minority Interests | $60.00M | $72.00M | $71.00M | $164.00M | $27.00M |
| Net Income to Parent Company | $4.91B | $5.58B | $5.57B | $16.86B | $4.40B |
| Preferred Stock Dividends | $158.00M | $145.00M | $156.00M | $612.00M | $147.00M |
| Net Income to Common Stockholders | $4.75B | $5.44B | $5.41B | $16.25B | $4.25B |
| Basic EPS | $3.07 | $3.50 | $3.47 | $10.32 | $2.72 |
| Diluted EPS | $3.03 | $3.46 | $3.43 | $10.21 | $2.68 |
| Dividend Per Share | $1.15 | $1.00 | $1.00 | $3.85 | $1.00 |
| -Foreign Exchange Trading Gains | – | $587.00M | $673.00M | $1.70B | $211.00M |
| Other Income (Expense) | – | – | -$178.00M | -$144.00M | – |
| Special Income (Charges) | – | – | -$178.00M | -$144.00M | – |
| -Less:Restructuring and Mergern & Acquisition | – | – | $178.00M | $144.00M | – |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $1.68T | $1.58T | $1.42T | $1.42T | $1.36T |
| Cash, Cash Equivalents & Federal Funds Sold | $289.65B | $262.41B | $231.94B | $231.94B | $215.47B |
| -Cash and Cash Equivalents | $123.04B | $95.78B | $81.31B | $81.31B | $73.47B |
| -Money Market Investments | $129.52B | $128.88B | $120.24B | $120.24B | $111.73B |
| -Restricted Cash and Investments | $37.10B | $37.75B | $30.39B | $30.39B | $30.26B |
| Securities Investment | $419.15B | $402.83B | $378.63B | $378.63B | $387.93B |
| -Trading Securities | $265.88B | $242.47B | $215.01B | $215.01B | $224.39B |
| -Available for Sale Securities | $71.91B | $78.05B | $80.91B | $80.91B | $85.73B |
| -Held to Maturity Securities | $45.61B | $47.21B | $47.32B | $47.32B | $48.23B |
| -Short Term Investments | $35.76B | $35.10B | $35.39B | $35.39B | $29.58B |
| Securities Lent | $181.36B | $154.57B | $151.91B | $151.91B | $129.11B |
| Net Loan | $302.38B | $293.91B | $278.09B | $278.09B | $267.30B |
| -Gross Loan | $303.62B | $295.09B | $279.23B | $279.23B | $268.51B |
| -Allowance for Loans and Lease Losses | $1.25B | $1.17B | $1.13B | $1.13B | $1.21B |
| Receivables | $151.01B | $132.60B | $114.72B | $114.72B | $113.26B |
| -Accounts Receivable | $151.01B | $132.60B | $114.72B | $114.72B | $113.26B |
| Goodwill and Other Intangible Assets | $22.98B | $23.07B | $22.74B | $22.74B | $22.82B |
| -Goodwill | $17.11B | $17.11B | $16.73B | $16.73B | $16.73B |
| -Other Intangible Assets | $5.87B | $5.96B | $6.01B | $6.01B | $6.10B |
| Other Assets | $308.53B | $312.03B | $241.98B | $241.98B | $228.92B |
| Total Liabilities | $1.56T | $1.47T | $1.31T | $1.31T | $1.25T |
| Total Deposits | $446.07B | $427.97B | $415.52B | $415.52B | $405.48B |
| Federal Funds Purchased and Securities Sold Under Agreement to Repurchase | $102.20B | $119.83B | $78.54B | $78.54B | $61.50B |
| Derivative Product Liabilities | $62.18B | $45.86B | $42.03B | $42.03B | $36.46B |
| Short-Term Debt and Capital Lease Obligation | $30.91B | $23.70B | $21.15B | $21.15B | $20.92B |
| -Current Debt | $30.91B | $23.70B | $21.15B | $21.15B | $20.92B |
| Derivative liabilities | $20.74B | $19.59B | $17.31B | $17.31B | $15.94B |
| Trading Liabilities | $193.41B | $171.50B | $127.54B | $127.54B | $125.95B |
| Payables | $279.07B | $259.29B | $226.52B | $226.52B | $226.45B |
| -Accounts Payable | $279.07B | $259.29B | $226.52B | $226.52B | $226.45B |
| Long Term Debt and Capital Lease Obligation | $391.46B | $370.53B | $349.39B | $349.39B | $332.20B |
| -Long Term Debt | $391.46B | $370.53B | $349.39B | $349.39B | $332.20B |
| Other Liabilities | $31.58B | $27.76B | $29.62B | $29.62B | $28.85B |
| Total Equity | $117.44B | $115.38B | $112.65B | $112.65B | $111.05B |
| Stockholders' Equity | $116.33B | $114.29B | $111.63B | $111.63B | $109.96B |
| Capital Stock | $9.77B | $9.77B | $9.77B | $9.77B | $9.77B |
| -Common Stock | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M |
| -Preferred Stock | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B |
| Additional Paid-In Capital | $31.60B | $30.99B | $31.15B | $31.15B | $30.73B |
| Retained Earnings | $122.77B | $118.91B | $115.09B | $115.09B | $112.43B |
| Less: Treasury Stock | $41.48B | $39.88B | $38.10B | $38.10B | $36.62B |
| Gains/Losses Not Affecting Retained Earnings | -$6.33B | -$5.51B | -$6.29B | -$6.29B | -$6.35B |
| Minority Interests | $1.11B | $1.10B | $1.02B | $1.02B | $1.09B |
| Long Term Equity Investment | – | – | $246.00M | $246.00M | – |
| Net PPE | – | – | $20.00M | $20.00M | – |
| -Gross PPE | – | – | $20.00M | $20.00M | – |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$2.75B | -$7.10B | -$17.89B | -$2.41B | -$3.33B |
| Net cash flow from continuing operations | -$2.75B | -$7.10B | -$17.89B | -$2.41B | -$3.33B |
| Net Income from Continuing Operations | $5.65B | $5.64B | $17.03B | $4.42B | $4.66B |
| Depreciation & Depletion & Amortization | $1.20B | $714.00M | $4.66B | $1.14B | $1.35B |
| Other Non-Cash Items | $186.00M | $74.00M | $408.00M | $140.00M | $112.00M |
| Change in Working Capital | -$10.45B | -$14.19B | -$42.82B | -$9.16B | -$9.90B |
| -Change in Receivables | -$15.59B | -$24.61B | -$26.64B | $505.00M | -$13.89B |
| -Change in Payables and Accrued Expense | $25.19B | $31.74B | $50.71B | $1.14B | $13.25B |
| -Change in Loans | -$18.27B | $32.66B | $26.79B | $8.53B | -$13.01B |
| -Change in Other Working Capital | -$1.78B | -$53.98B | -$93.68B | -$19.33B | $3.76B |
| Net cash flow from investing | -$7.20B | -$6.60B | -$46.78B | -$13.40B | -$10.68B |
| Net Cash Flow from Continuing Investing Activities | -$7.20B | -$6.60B | -$46.78B | -$13.40B | -$10.68B |
| Net PPE Purchase and Sale | -$819.00M | -$754.00M | -$2.90B | -$709.00M | -$713.00M |
| Net Investment Purchase and Sale | $6.92B | $2.92B | -$1.41B | $481.00M | $707.00M |
| Net Income from Loans | -$12.69B | -$8.45B | -$41.38B | -$12.82B | -$10.37B |
| Net Other Investing Changes | -$618.00M | -$313.00M | -$1.09B | -$346.00M | -$296.00M |
| Financing Cash Flow | $37.06B | $36.46B | $67.76B | $23.97B | $9.08B |
| Net Cash Flow from Continuing Financing Activities | $37.06B | $36.46B | $67.76B | $23.97B | $9.08B |
| Increase/Decrease in Deposit | $18.23B | $12.75B | $39.14B | $10.03B | $15.88B |
| Net Issuance Payments of Debt | $16.77B | $28.63B | $39.78B | $16.79B | -$1.26B |
| Net Common Stock Issuance | -$1.67B | -$2.88B | -$5.84B | -$1.53B | -$1.15B |
| Cash Dividends Paid | -$1.68B | -$1.71B | -$6.59B | -$1.69B | -$1.71B |
| Net Other Financing Activities | $5.41B | -$342.00M | $1.27B | $370.00M | -$2.69B |
| Ending Cash Balance | $160.14B | $133.53B | $111.70B | $111.70B | $103.73B |
| Net Change in Cash | $27.11B | $22.76B | $3.09B | $8.16B | -$4.93B |
| Beginning Cash Balance | $133.53B | $111.70B | $105.39B | $103.73B | $109.13B |
| Effect of Exchange Rate Changes | -$503.00M | -$928.00M | $3.22B | -$202.00M | -$464.00M |
| Free Cash Flow | -$3.57B | -$7.85B | -$20.79B | -$3.12B | -$4.05B |
| Deferred Tax | – | – | $561.00M | – | – |
| Net Preferred Stock Issuance | – | – | $0.00 | $0.00 | $0.00 |
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