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Morgan Stanley MS Wealth Management1 — Interest Income (Expense), Operating

Other segment segments

Institutional Securities1
$540M+15.1%
Investment Management
-$20M+31.0%

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MSBIWealth Management — Interest Income (Expense), Operating
-$20K-17.6%
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$0
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$5K0.0%
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HWBKWealth Management — Interest Income (Expense), Operating
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BOKFWealth Management — Interest Income (Expense), Operating
$42.97M-3.4%

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:InterestIncomeExpenseNet.

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 wealth management1 — interest income (expense), operating?
Morgan Stanley (MS) reported wealth management1 — interest income (expense), operating of $2.25B in Q2 2026.
How has Morgan Stanley's wealth management1 — interest income (expense), operating changed year-over-year?
Morgan Stanley's wealth management1 — interest income (expense), operating increased by 18.0% year-over-year, from $1.91B to $2.25B.
What is the long-term trend for Morgan Stanley's wealth management1 — interest income (expense), operating?
Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — interest income (expense), operating has grown at a 10.1% compound annual growth rate (CAGR), from $5.39B to $7.91B.
What does wealth management1 — interest income (expense), operating mean?
The net interest result for the wealth management segment, calculated as interest income minus interest expense. This metric highlights the profitability of the segment's net interest-earning activities.