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Morgan Stanley MS Derivatives Used in Net Investment Hedge, Net of Tax

Derivatives Used in Net Investment Hedge, Net of Tax at other companies

Kyndryl Holdings logo
Kyndryl HoldingsKD
-$17M+93.1%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$1.38M-67.2%
PNC Financial Services logo
PNC Financial ServicesPNC
$27M+166%
FMC Corporation logo
FMC CorporationFMC
$800K+106%
Brookdale Senior Living logo
Brookdale Senior LivingBKD
$1.3M+214%
Lucid Group, Inc. logo
Lucid Group, Inc.LCID
$7.38M-97.4%

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+49.2%
Enterprise value$572.47B+26.4%
P/E18.5×+3.3×
P/S4.6×+1.2×

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 ms:InvestmentsInNonUsDollarFunctionalCurrencySubsidiariesSubjectToHedges.

The official record: Morgan Stanley’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's derivatives used in net investment hedge, net of tax?
Morgan Stanley (MS) reported derivatives used in net investment hedge, net of tax of $20.9B in Q4 2025.
What is the long-term trend for Morgan Stanley's derivatives used in net investment hedge, net of tax?
Over 3 years (2022 to 2025), Morgan Stanley's derivatives used in net investment hedge, net of tax has grown at a 7.1% compound annual growth rate (CAGR), from $17.02B to $20.9B.
What does derivatives used in net investment hedge, net of tax mean?
The net fair value of financial derivatives used to hedge the foreign currency risk associated with net investments in foreign subsidiaries. This metric reflects the company's exposure to currency fluctuations and the effectiveness of its hedging strategy in protecting equity value from international volatility.