Other
Interest Expense
Morgan Stanley Interest Expense increased by 3.9% to $12.57B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $11.40B to $12.57B. Over 3 years (FY 2022 to FY 2025), Interest Expense shows an upward trend with a 58.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 5, 2026
How to read this metric
Lower expense relative to assets is generally better, though it must be balanced against the firm's funding strategy and interest rate environment.
Detailed definition
The total cost of interest incurred on liabilities used to fund the firm's operating activities, such as deposits, short...
Peer comparison
Standard expense line item for all banks; used to calculate net interest margin when paired with interest income.
Metric ID:
other_interest_expense_operatingHistorical Data
17 periods
| 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 | $3.07B | $3.07B | $3.07B | $3.07B | $7.63B | $8.90B | $10.15B | $10.93B | $11.13B | $11.46B | $11.99B | $10.94B | $11.40B | $12.56B | $12.97B | $12.10B | $12.57B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +148.9% | +16.6% | +14.0% | +7.7% | +1.8% | +2.9% | +4.6% | -8.8% | +4.2% | +10.2% | +3.2% | -6.7% | +3.9% |
| YoY Change | — | — | — | — | +148.9% | +190.3% | +230.9% | +256.5% | +45.8% | +28.7% | +18.1% | +0.1% | +2.3% | +9.6% | +8.1% | +10.6% | +10.3% |
Range$3.07B – $12.97B
CAGR+42.3%
Avg YoY Growth+73.9%
Median YoY Growth+18.1%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Institutional Securities1 | $9.61B | $9.98B | $9.01B | $9.60B | $10.68B | $10.99B | $10.21B | $11.28B |
| Wealth Management1 | $2.23B | $2.37B | $2.22B | $2.06B | $2.09B | $2.16B | — | $1.48B |
| Investment Management | $63.00M | $64.00M | $47.00M | $52.00M | $48.00M | $40.00M | — | $42.00M |
| Total | $11.46B | $11.99B | $10.94B | $11.40B | $12.56B | $12.97B | $12.10B | $12.57B |
Interest Expense at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's interest expense?
- Morgan Stanley (MS) reported interest expense of $12.57B in Q1 2026.
- How has Morgan Stanley's interest expense changed year-over-year?
- Morgan Stanley's interest expense increased by 10.3% year-over-year, from $11.40B to $12.57B.
- What is the long-term trend for Morgan Stanley's interest expense?
- Over 3 years (2022 to 2025), Morgan Stanley's interest expense has grown at a 58.7% compound annual growth rate (CAGR), from $12.27B to $49.02B.
- What does interest expense mean?
- The cost paid to borrow money or hold client deposits.