What is Morgan Stanley's D&A?

Morgan Stanley (MS) reported D&A of $714M in Q1 2026.

How has Morgan Stanley's D&A changed year-over-year?

Morgan Stanley's D&A decreased by 17.5% year-over-year, from $865M to $714M.

What is the long-term trend for Morgan Stanley's D&A?

Over 4 years (2021 to 2025), Morgan Stanley's D&A has grown at a 2.5% compound annual growth rate (CAGR), from $4.22B to $4.66B.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Morgan Stanley MS D&A

D&A at other companies

JPMorgan ChaseJPM

$2.36B+16.5%

Bank of AmericaBAC

$605M+7.1%

Wells Fargo & CompanyWFC

$1.84B-1.2%

Raymond James FinancialRJF

$50M+6.4%

Stifel FinancialSF

$15.31M+2.0%

Oppenheimer HoldingsOPY

$2.48M-10.8%

Other financials

Income statement

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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

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Operating cash flow-$7.1B+70.4%

CapEx$754.0M+5.8%

Free cash flow-$7.9B+68.2%

Valuation

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Market cap$334.43B+53.4%

Enterprise value$572.47B+28.2%

P/E18.5×+3.7×

P/S4.6×+1.3×

Profitability

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Net margin24.6%+2.4pp

FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp

Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The official record: Morgan Stanley’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's D&A?: Morgan Stanley (MS) reported D&A of $714M in Q1 2026.
How has Morgan Stanley's D&A changed year-over-year?: Morgan Stanley's D&A decreased by 17.5% year-over-year, from $865M to $714M.
What is the long-term trend for Morgan Stanley's D&A?: Over 4 years (2021 to 2025), Morgan Stanley's D&A has grown at a 2.5% compound annual growth rate (CAGR), from $4.22B to $4.66B.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.