Financials · Investment Managers

Morgan Stanley

NYSEMS ISINUS6174464486 SEC CIK0000895421 Listed on NYSE · USD

$190.61 +3.05 (+1.60%) Pre-market $189.70 (-0.48%) ≈ ₹17,889 a share

Open chart

Price, last 12 months+17.40% in a year

Key numbers

Market value: $297.93B
P/E (TTM): 15.1
Forward P/E: 14.9
EPS (TTM): $12.61
Dividend yield: 2.41%
Beta: 1.22
Day range: $0.00 – $0.00
52-week range: $152.80 – $232.25
Volume: 5,118,132
10-day avg volume: $6.72M
Revenue (TTM): $130.89B
EBITDA (TTM): $31.08B
Gross margin: 57.2%
Net margin: 15.8%
Return on equity: 19.1%
Debt / equity: 860.7%
Price / sales: 2.28
Shares out: 1.56B

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$12.90B$1.52B

Dec 23

$15.14B$3.41B

Mar 24

$15.02B$3.08B

Jun 24

$15.38B$3.19B

Sep 24

$16.22B$3.71B

Dec 24

$17.74B$4.32B

Mar 25

$16.79B$3.54B

Jun 25

$18.22B$4.61B

Sep 25

$17.89B$4.40B

Dec 25

$20.58B$5.57B

Mar 26

$21.35B$5.58B

Jun 26

$20.34B$4.91B

Sep 26

Revenue · QoQ (vs last quarter)

—+17%-0.8%+2.4%+5.5%+9.3%-5.3%+8.5%-1.8%+15%+3.7%-4.7%

Revenue · YoY (vs a year ago)

————+26%+17%+12%+18%+10%+16%+27%+12%

Net income · QoQ (vs last quarter)

—+125%-9.8%+3.6%+16%+16%-18%+30%-4.6%+27%+0.3%-12%

Net income · YoY (vs a year ago)

————+145%+26%+15%+45%+18%+29%+58%+6.5%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$12.90B	$15.14B	$15.02B	$15.38B	$16.22B	$17.74B	$16.79B	$18.22B	$17.89B	$20.58B	$21.35B	$20.34B
Interest expense	$13.05B	$11.13B	—	—	—	—	—	—	—	—	—	—
Pre-tax income	$2.10B	$4.40B	$4.07B	$4.22B	$4.91B	$5.54B	$4.62B	$6.03B	$5.76B	$7.01B	$7.35B	$6.48B
Income tax	$555.00M	$933.00M	$957.00M	$995.00M	$1.18B	$1.17B	$1.05B	$1.37B	$1.34B	$1.37B	$1.70B	$1.51B
Net income	$1.52B	$3.41B	$3.08B	$3.19B	$3.71B	$4.32B	$3.54B	$4.61B	$4.40B	$5.57B	$5.58B	$4.91B
Net margin	11.8%	22.5%	20.5%	20.7%	22.9%	24.3%	21.1%	25.3%	24.6%	27.1%	26.1%	24.1%
EPS (diluted)	—	$2.02	$1.82	$1.88	—	$2.60	$2.13	$2.80	—	$3.43	$3.46	$3.03

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$40.11B$8.75B

FY18

$41.54B$9.04B

FY19

$48.76B$11.00B

FY20

$59.76B$15.03B

FY21

$53.67B$11.03B

FY22

$54.14B$9.09B

FY23

$61.76B$13.39B

FY24

$70.65B$16.86B

FY25

Revenue · YoY (vs a year ago)

—+3.6%+17%+23%-10%+0.9%+14%+14%

Net income · YoY (vs a year ago)

—+3.4%+22%+37%-27%-18%+47%+26%

RevenueGross profitNet incomeLine = trend

$4.73

FY18

$5.19

FY19

$6.46

FY20

$8.03

FY21

$6.15

FY22

$5.18

FY23

$7.95

FY24

$10.21

FY25

EPS (diluted) · YoY (vs a year ago)

—+9.7%+24%+24%-23%-16%+53%+28%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$40.11B	$41.54B	$48.76B	$59.76B	$53.67B	$54.14B	$61.76B	$70.65B
Revenue growth	—	3.6%	17.4%	22.6%	-10.2%	0.9%	14.1%	14.4%
Depreciation & amortisation	$1.84B	$2.64B	$3.77B	$4.22B	$4.00B	$4.26B	$5.16B	$4.66B
Interest expense	$10.09B	$12.40B	$3.85B	$1.37B	$12.27B	$42.05B	—	—
Pre-tax income	$11.24B	$11.30B	$14.42B	$19.67B	$14.09B	$11.81B	$17.60B	$21.95B
Income tax	$2.35B	$2.06B	$3.24B	$4.55B	$2.91B	$2.58B	$4.07B	$4.93B
Tax rate	20.9%	18.3%	22.5%	23.1%	20.7%	21.9%	23.1%	22.5%
Net income	$8.75B	$9.04B	$11.00B	$15.03B	$11.03B	$9.09B	$13.39B	$16.86B
Net margin	21.8%	21.8%	22.6%	25.2%	20.6%	16.8%	21.7%	23.9%
EPS (diluted)	$4.73	$5.19	$6.46	$8.03	$6.15	$5.18	$7.95	$10.21

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$80.25B$212.81B$87.20B

FY18

$81.55B$210.46B$82.17B

FY19

$101.78B$237.63B$105.65B

FY20

$105.44B$227.36B$127.73B

FY21

$100.14B$233.87B$128.13B

FY22

$99.04B$260.54B$89.23B

FY23

$104.51B$284.31B$105.39B

FY24

$111.63B$341.68B$111.70B

FY25

Shareholders' equity · YoY (vs a year ago)

—+1.6%+25%+3.6%-5.0%-1.1%+5.5%+6.8%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$87.20B	$82.17B	$105.65B	$127.73B	$128.13B	$89.23B	$105.39B	$111.70B
Total assets	$853.53B	$895.43B	$1.12T	$1.19T	$1.18T	$1.19T	$1.22T	$1.42T
Deposits	$187.82B	$190.36B	$310.78B	$347.57B	$356.65B	$351.80B	$376.01B	$415.52B
Long-term debt	$188.12B	$190.06B	$213.39B	$227.36B	$233.87B	$260.54B	$284.31B	$341.68B
Short-term debt	$24.69B	$20.40B	$24.24B	—	—	—	—	—
Total debt	$212.81B	$210.46B	$237.63B	$227.36B	$233.87B	$260.54B	$284.31B	$341.68B
Total liabilities	$772.13B	$812.73B	$1.01T	$1.08T	$1.08T	$1.09T	$1.11T	$1.31T
Shareholders' equity	$80.25B	$81.55B	$101.78B	$105.44B	$100.14B	$99.04B	$104.51B	$111.63B
Debt / equity	2.65	2.58	2.33	2.16	2.34	2.63	2.72	3.06
Return on equity	10.9%	11.1%	10.8%	14.3%	11.0%	9.2%	12.8%	15.1%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$7.31B$7.31B$2.38B

FY18

$40.77B$40.77B$2.63B

FY19

$-25.23B$-25.23B$2.74B

FY20

$33.97B$33.97B$4.17B

FY21

$-6.40B$-6.40B$5.40B

FY22

$-33.54B$-33.54B$5.76B

FY23

$1.36B$1.36B$6.14B

FY24

$-17.89B$-17.89B$6.59B

FY25

Operating cash flow · YoY (vs a year ago)

—+458%-162%+235%-119%-424%+104%-1,413%

Free cash flow · YoY (vs a year ago)

—+458%-162%+235%-119%-424%+104%-1,413%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$7.31B	$40.77B	$-25.23B	$33.97B	$-6.40B	$-33.54B	$1.36B	$-17.89B
Free cash flow	$7.31B	$40.77B	$-25.23B	$33.97B	$-6.40B	$-33.54B	$1.36B	$-17.89B
FCF margin	18.2%	98.2%	-51.7%	56.9%	-11.9%	-61.9%	2.2%	-25.3%
Stock-based pay	$920.00M	$1.15B	$1.31B	$2.09B	$1.88B	$1.71B	$1.62B	$1.93B
Cash from investing	$-22.88B	$-33.56B	$-37.90B	$-49.90B	$-11.63B	$-3.08B	$-29.46B	$-46.78B
Cash from financing	$24.21B	$-11.97B	$83.78B	$41.55B	$22.71B	$-2.73B	$46.76B	$67.76B
Dividends paid	$-2.38B	$-2.63B	$-2.74B	$-4.17B	$-5.40B	$-5.76B	$-6.14B	$-6.59B

About

About Morgan Stanley

Morgan Stanley is an American multinational investment bank and financial services company. It is headquartered at 1585 Broadway in Midtown Manhattan, New York City, with offices in 42 countries, including offices in many financial centers worldwide. Morgan Stanley is one of the largest investment banks by revenue. It is ranked 39th on the Fortune 500 and 21st on the Forbes Global 2000. It is considered a systemically important financial institution by the Financial Stability Board.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Morgan Stanley
Ticker: MS
Exchange: NYSE
ISIN: US6174464486
SEC CIK: 0000895421
Other tickers: MS-PK, MS-PE, MS-PA, MS-PF
Sector: Financials
Industry: Investment Managers
SEC industry (SIC): Security Brokers, Dealers & Flotation Companies (6211)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 19 Feb 2026
CEO: Ted Pick
Chair: Ted Pick
Headquarters: New York City
Address: 1585 Broadway, New York, Ny 10036
Founded: 1935
Employees: 83,000
Formerly known as: Morgan Stanley Dean Witter & Co
Trades in: US dollars (USD)
Website: morganstanley.com

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Morgan Stanley

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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