Operating
Non-cash Labor and Related Expense
Morgan Stanley Non-cash Labor and Related Expense increased by 20.9% to $8.54B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.6%, from $7.52B to $8.54B. Over 4 years (FY 2021 to FY 2025), Non-cash Labor and Related Expense shows an upward trend with a 4.4% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase suggests higher reliance on equity-based incentives, which may impact future dilution.
Detailed definition
This metric captures the portion of labor-related compensation expenses that do not involve an immediate cash outflow, s...
Peer comparison
Commonly found in cash flow statements under 'Stock-based compensation' or 'Non-cash employee benefits' for most public companies.
Metric ID:
ms_labor_and_related_expense_non_cashHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.42B | $5.92B | $5.49B | $6.27B | $5.55B | $5.61B | $5.62B | $6.41B | $6.26B | $5.94B | $5.95B | $6.70B | $6.46B | $6.73B | $6.29B | $7.52B | $7.19B | $7.44B | $7.06B | $8.54B |
| QoQ Change | — | -7.8% | -7.3% | +14.3% | -11.5% | +1.2% | +0.0% | +14.2% | -2.3% | -5.2% | +0.3% | +12.5% | -3.5% | +4.2% | -6.6% | +19.6% | -4.4% | +3.5% | -5.1% | +20.9% |
| YoY Change | — | — | — | — | -13.6% | -5.2% | +2.3% | +2.2% | +12.8% | +5.7% | +6.0% | +4.5% | +3.2% | +13.4% | +5.7% | +12.3% | +11.3% | +10.5% | +12.3% | +13.6% |
Range$5.49B – $8.54B
CAGR+6.2%
Avg YoY Growth+6.1%
Median YoY Growth+5.9%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Wealth Management1 | $3.60B | $3.87B | $3.95B | $4.00B | $4.15B | $4.39B | — | $4.65B |
| Institutional Securities1 | $2.29B | $2.27B | $1.76B | $2.85B | $2.43B | $2.42B | $2.08B | $3.26B |
| Investment Management | $568.00M | $594.00M | $575.00M | $668.00M | $613.00M | $632.00M | — | $630.00M |
| Total | $6.46B | $6.73B | $6.29B | $7.52B | $7.19B | $7.44B | $7.06B | $8.54B |
Non-cash Labor and Related Expense at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's non-cash labor and related expense?
- Morgan Stanley (MS) reported non-cash labor and related expense of $8.54B in Q1 2026.
- How has Morgan Stanley's non-cash labor and related expense changed year-over-year?
- Morgan Stanley's non-cash labor and related expense increased by 13.6% year-over-year, from $7.52B to $8.54B.
- What is the long-term trend for Morgan Stanley's non-cash labor and related expense?
- Over 4 years (2021 to 2025), Morgan Stanley's non-cash labor and related expense has grown at a 4.4% compound annual growth rate (CAGR), from $24.63B to $29.22B.
- What does non-cash labor and related expense mean?
- Non-cash labor costs, such as stock-based compensation, added back to net income.