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Morgan Stanley MS Hedged Asset Fair Value Hedge Basis Adjustment

Hedged Asset Fair Value Hedge Basis Adjustment at other companies

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JPMorgan ChaseJPM
-$492M-145%

Other financials

Income statement

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Revenue$21.3B+27.1%
Net income$3.2B-9.8%
EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$383.16B+13.5%
Total equity$114.29B+7.0%
Total assets$1.68T+23.7%

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$336.02B+49.0%
P/E18.9×+3.6×
P/S4.3×+0.9×

Profitability

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Net margin22.8%+0.5pp
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:HedgedAssetFairValueHedgePortfolioLayerMethodCumulativeIncreaseDecreaseExcludedFromAmortizedCost.

The source filing: Morgan Stanley’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000895421-26-000121

1.Carrying amount represents the amortized cost. As of March 31, 2026, and December 31, 2025, the amortized cost of the portfolio layer method closed portfolios was $576 million and $589 million, respectively. The Firm designated $703 million and $703 million as hedged amounts as of March 31, 2026, and December 31, 2025, respectively, representing the total notional value of all outstanding layers in each portfolio, including both spot-starting and forward-starting layers. The cumulative amount of basis adjustments was $0.3 million as of March 31, 2026 and $2 million as of December 31, 2025. Refer to Note 2 to the financial statements in the 2025 Form 10-K and Note 7 herein for additional information.

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FAQ

What is Morgan Stanley's hedged asset fair value hedge basis adjustment?
Morgan Stanley (MS) reported hedged asset fair value hedge basis adjustment of $703M in Q1 2026.
How has Morgan Stanley's hedged asset fair value hedge basis adjustment changed year-over-year?
Morgan Stanley's hedged asset fair value hedge basis adjustment increased by 294.9% year-over-year, from $178M to $703M.

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