Equity

Morgan Stanley·Balance Sheet Statement·20 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total liabilities and stockholders' equity	$1.2T	$1.3T	$1.2T	$1.3T	$1.4T	$1.4T	$1.4T	$1.6T
Retained earnings	$101.4B	$102.9B	$105.0B	$107.7B	$109.6B	$112.4B	$115.1B	$118.9B
Total stockholders' equity	$100.7B	$103.6B	$104.5B	$106.8B	$108.2B	$110.0B	$111.6B	$114.3B
Tier 1 Capital	—	—	—	—	—	—	$92.7B	$94.2B
Treasury Stock, Value	$32.1B	$32.9B	$33.6B	$34.4B	$35.5B	$36.6B	$38.1B	$39.9B
Additional paid-in capital	$29.5B	$29.8B	$30.2B	$29.8B	$30.3B	$30.7B	$31.2B	$31.0B
Investments - Accumulated Gross Unrealized Loss	$14.1B	$11.0B	$13.3B	$11.9B	$11.6B	$10.4B	$9.8B	$10.0B
Preferred Stock Carrying Value	$8.8B	$9.8B	$9.8B	$9.8B	$9.8B	$9.8B	$9.8B	$9.8B
Common Stock Issued, Employee Stock Trust	—	—	—	—	—	—	$5.2B	$6.0B
Accumulated other comprehensive income (loss)	-$6.8B	-$6.0B	-$6.8B	-$6.0B	-$5.9B	-$6.3B	-$6.3B	-$5.5B
Investments - Accumulated Gross Unrealized Gain	$53.0M	$215.0M	$96.0M	$125.0M	$106.0M	$201.0M	$302.0M	$164.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$20.0M	$20.0M	$20.0M	$20.0M	$20.0M	$20.0M	$20.0M	$20.0M
Capital Conservation Buffer	$0.2	$0.2	$0.2	$0.2	$0.2	$0.2	$0.2	$0.2
Common Equity Tier 1 Capital	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1
G-SIB Surcharge	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
AOCI - Foreign Currency Translation Adjustment on Net Investment Hedge	—	—	$2.8B	—	—	—	$1.8B	—
Preferred Stock Par Value Per Share	—	—	$0.01	—	—	—	$0.01	—
Share-Based Payment - Unrecognized Cost of Nonvested Awards	—	—	$778.0M	—	—	—	$876.0M	—
Shares Reserved for Future Issuance Under Stock Plans	—	—	109M	—	—	—	136M	—
Undistributed Earnings of Foreign Subsidiaries	—	—	$405.0M	—	—	—	$490.0M	—