What is Morgan Stanley's undistributed earnings of foreign subsidiaries?

Morgan Stanley (MS) reported undistributed earnings of foreign subsidiaries of $490.00M in Q4 2025.

What is the long-term trend for Morgan Stanley's undistributed earnings of foreign subsidiaries?

Over 3 years (2022 to 2025), Morgan Stanley's undistributed earnings of foreign subsidiaries has grown at a 4.5% compound annual growth rate (CAGR), from $429.00M to $490.00M.

What does undistributed earnings of foreign subsidiaries mean?

Profits earned by international branches that have been kept abroad rather than sent back to the parent company.

Other

Undistributed Earnings of Foreign Subsidiaries

Morgan Stanley Undistributed Earnings of Foreign Subsidiaries increased by 21.0% to $490.00M in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Undistributed Earnings of Foreign Subsidiaries shows an upward trend with a 4.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ4 2014

Last reportedQ4 2025Feb 19, 2026

How to read this metric

An increase suggests a strategy of international reinvestment, while a decrease may signal repatriation of capital or a shift in global operational strategy.

Detailed definition

This represents the cumulative earnings of foreign subsidiaries that have not been remitted to the parent company as div...

Peer comparison

Global banks vary widely based on their international footprint and the tax efficiency of their repatriation strategies.

Metric ID: other_undistributed_earnings_of_foreign_subsidiaries

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$429.00M	$302.00M	$405.00M	$490.00M
QoQ Change	—	-29.6%	+34.1%	+21.0%
YoY Change	—	-29.6%	+34.1%	+21.0%

Range$302.00M – $490.00M

Avg YoY Growth+8.5%

Median YoY Growth+21.0%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Morgan Stanley's undistributed earnings of foreign subsidiaries?: Morgan Stanley (MS) reported undistributed earnings of foreign subsidiaries of $490.00M in Q4 2025.
What is the long-term trend for Morgan Stanley's undistributed earnings of foreign subsidiaries?: Over 3 years (2022 to 2025), Morgan Stanley's undistributed earnings of foreign subsidiaries has grown at a 4.5% compound annual growth rate (CAGR), from $429.00M to $490.00M.
What does undistributed earnings of foreign subsidiaries mean?: Profits earned by international branches that have been kept abroad rather than sent back to the parent company.