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Morgan Stanley MS Q3 2025 earnings

Reported October 15, 2025 · Before market open

Revenue$17.1BBeat by $394.9M
EPS$2.80Beat by $0.70
Revenue estimate$16.7B
EPS estimate$2.10

Next report

Oct 14, 2026 (In 1 week)
Revenue estimate$20.1B
EPS estimate$3.03

Financials

Q3 2025

Income statement

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Revenue$18.2B+18.5%
Net income$4.6B+44.6%
EPS (diluted)$2.80+48.9%

Balance sheet

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Cash & equivalents$103.73B+13.9%
Total debt$339.23B+11.2%
Total equity$109.96B+6.1%
Total assets$1.36T+8.5%

Cash flow

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Operating cash flow-$3.3B+80.8%
CapEx$713.0M-22.2%
Free cash flow-$4.0B+77.8%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$253.75B+52.7%
Enterprise value$489.25B+28.7%
P/E15.7×+0.8×
P/S3.7×+0.8×

Profitability

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Net margin23.5%+4.3pp

Returns & leverage

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Return on equity15.1%+4.1pp
Debt / equity3.1×+0.1×

Segments

By segment

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Institutional Securities1$8.5B+25.1%
Wealth Management1$8.2B+13.3%
Investment Management$1.7B+13.5%

By geography

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Americas$13.7B+18.2%
Asia$2.6B+31.2%
EMEA$1.9B+6.1%

FAQ

When did Morgan Stanley report Q3 2025 earnings?
Morgan Stanley (MS) reported Q3 2025 earnings on October 15, 2025 before market open.
What were Morgan Stanley's Q3 2025 revenue and EPS?
Morgan Stanley reported revenue of $17.1B and eps of $2.80 for Q3 2025.
Did Morgan Stanley beat estimates in Q3 2025?
Revenue beat the consensus estimate of $16.7B by $394.9M. EPS beat the consensus estimate of $2.10 by $0.70.
How did Morgan Stanley's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.1% from $14.3B a year earlier and eps grew 48.9% from $1.88.
Where can I find Morgan Stanley's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000895421-25-000535) and the 10-Q periodic report (0000895421-25-000539) directly on SEC EDGAR. The filing index links above go to sec.gov.