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Morgan Stanley

MS

Morgan Stanley is a leading global financial services firm that provides investment banking, securities, wealth management, and investment management services.

Market cap
$350.22B+51.4%
Revenue$73.5B+14.2%
Net income$18.1B+26.7%
Free cash flow-$39.7B-25.2%
EPS (diluted)$11.04+29.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 15, 2026 (In 6 days)
Revenue estimate$19.3B
EPS estimate$2.80

Financials

Q1 2026

Income statement

See full
Revenue$20.6B+16.0%
Net income$5.6B+29.0%
EPS (diluted)$3.43+31.9%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$371.57B+18.4%
Total equity$114.29B+7.0%
Total assets$1.58T+21.6%

Cash flow

See full
Operating cash flow-$7.1B+70.4%
CapEx$754.0M+5.8%
Free cash flow-$7.9B+68.2%

Valuation & ratios

Valuation

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Market cap$350.22B+51.4%
Enterprise value$588.26B+28.6%
P/E19.3×+3.8×
P/S4.8×+1.3×

Profitability

See full
Net margin24.6%+2.4pp

Returns & leverage

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Return on equity16.4%+2.5pp
Debt / equity3.3×+0.3×

Segments

By segment

See full
Institutional Securities1$10.7B+19.3%
Wealth Management1$8.5B+16.3%
Investment Management$1.5B-4.2%

By geography

See full
Americas$14.6B+11.4%
Asia$3.3B+42.8%
EMEA$2.6B+15.3%

Competitors

Profile

Morgan Stanley is a leading global financial services firm that provides investment banking, securities, wealth management, and investment management services. The firm advises, originates, trades, and distributes capital for a diverse client base including governments, institutions, and individuals. It operates as a financial holding company regulated by the Federal Reserve, maintaining a significant presence in major world financial centers.

Competitive position

A global leader in investment banking and wealth management with significant market positions across all three primary business segments.

GeographiesUnited States, United Kingdom, Germany, Japan, Hong Kong
Customer segmentsRetail investors, High-net-worth individuals, Corporations, Governments, Institutional investors
Business modelCommission-based brokerage, Asset-based management fees, Advisory fees, Market making, Principal trading
SuppliersCentral banks and monetary policy, Technology and infrastructure providers, Human capital and specialized talent, Capital markets liquidity
CustomersRetail brokerage clients, Corporate issuers of debt and equity, Institutional asset owners, Government entities seeking capital
Listed1986
Employees80.0K
CEOEdward N. Pick
FilingsSEC EDGAR

Questions, answered.

What is Morgan Stanley's market cap?
Morgan Stanley (MS) has a market capitalization of $350.22B and trades on NYSE.
What is Morgan Stanley's revenue and profitability?
Morgan Stanley generated $73.5B in trailing twelve-month revenue with net income of $18.1B, representing a net margin of 24.6%, with free cash flow of -$39.7B. These figures are based on the Q1 2026 filing.
Who are Morgan Stanley's competitors?
Morgan Stanley's key competitors include Goldman Sachs, JPMorgan Chase, Bank of America, and others. These companies compete in similar markets and product categories.
Who does Morgan Stanley partner with?
Morgan Stanley's notable partners include CME Group, Federal Reserve.
Where is Morgan Stanley headquartered?
Morgan Stanley is headquartered in United States of America and employs approximately 80,000 people. It has been publicly traded since 1986.