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Morgan Stanley MS Asia — Net revenues

Other geography segments

Americas
$14.59B+11.4%
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 asia — net revenues?
Morgan Stanley (MS) reported asia — net revenues of $3.35B in Q1 2026.
How has Morgan Stanley's asia — net revenues changed year-over-year?
Morgan Stanley's asia — net revenues increased by 42.8% year-over-year, from $2.35B to $3.35B.
What is the long-term trend for Morgan Stanley's asia — net revenues?
Over 4 years (2021 to 2025), Morgan Stanley's asia — net revenues has grown at a 6.0% compound annual growth rate (CAGR), from $7.45B to $9.42B.
What does asia — net revenues mean?
This metric represents the total revenue generated by the firm's operations within the Asia-Pacific geographic region after deducting interest expense. It captures the aggregate financial performance of institutional securities, wealth management, and investment management activities conducted in this specific market. This figure serves as a primary indicator of the firm's regional market penetration and competitive success in capturing local client demand.