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Morgan Stanley MS Institutional Securities1 — Net revenues

Other segment segments

Wealth Management1
$8.86B+14.1%
Investment Management
$1.65B+6.1%

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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 8-K, filed July 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's institutional securities1 — net revenues?
Morgan Stanley (MS) reported institutional securities1 — net revenues of $11.04B in Q2 2026.
How has Morgan Stanley's institutional securities1 — net revenues changed year-over-year?
Morgan Stanley's institutional securities1 — net revenues increased by 44.4% year-over-year, from $7.64B to $11.04B.
What is the long-term trend for Morgan Stanley's institutional securities1 — net revenues?
Over 4 years (2021 to 2025), Morgan Stanley's institutional securities1 — net revenues has grown at a 2.6% compound annual growth rate (CAGR), from $29.83B to $33.08B.
What does institutional securities1 — net revenues mean?
Represents the total revenue generated by the Institutional Securities segment after deducting interest expense from interest income. It reflects the core top-line performance of the investment banking, trading, and institutional asset management activities.