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Morgan Stanley MS Americas — Net revenues

Other geography segments

Asia
$3.35B+42.8%
EMEA
$2.64B+15.3%

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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$359.28B+57.1%
P/E20.2×+4.7×
P/S4.6×+1.1×

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:RevenuesNetOfInterestExpense.

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 americas — net revenues?
Morgan Stanley (MS) reported americas — net revenues of $14.59B in Q1 2026.
How has Morgan Stanley's americas — net revenues changed year-over-year?
Morgan Stanley's americas — net revenues increased by 11.4% year-over-year, from $13.1B to $14.59B.
What is the long-term trend for Morgan Stanley's americas — net revenues?
Over 4 years (2021 to 2025), Morgan Stanley's americas — net revenues has grown at a 4.4% compound annual growth rate (CAGR), from $44.61B to $52.9B.
What does americas — net revenues mean?
This metric represents the total gross revenue generated by the firm's business activities within the Americas geographic region after interest expense. It captures the combined financial performance of institutional securities, wealth management, and investment management operations localized to this market. This figure serves as a primary indicator of the firm's market penetration and revenue-generating capacity in its largest geographic operating theater.