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Morgan Stanley MS EMEA — Net revenues

Other geography segments

Americas
$14.59B+11.4%
Asia
$3.35B+42.8%

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HELEEMEA — Sales revenue, net
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EPAMEMEA — Revenue
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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 EMEA — net revenues?
Morgan Stanley (MS) reported EMEA — net revenues of $2.64B in Q1 2026.
How has Morgan Stanley's EMEA — net revenues changed year-over-year?
Morgan Stanley's EMEA — net revenues increased by 15.3% year-over-year, from $2.29B to $2.64B.
What is the long-term trend for Morgan Stanley's EMEA — net revenues?
Over 4 years (2021 to 2025), Morgan Stanley's EMEA — net revenues has grown at a 2.0% compound annual growth rate (CAGR), from $7.7B to $8.33B.
What does EMEA — net revenues mean?
This metric represents the total revenue generated by the firm's operations within the Europe, Middle East, and Africa region after deducting interest expense. It reflects the aggregate financial performance of institutional securities, wealth management, and investment management activities conducted within these specific geographic markets. This figure is a key indicator of the firm's regional market penetration and the success of its cross-border service delivery.