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Morgan Stanley MS Wealth Management1 — Net Income

Other segment segments

Institutional Securities1
$3.19B+94.8%
Investment Management
$304M+23.6%

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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:ProfitLoss.

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 — net income?
Morgan Stanley (MS) reported wealth management1 — net income of $2.1B in Q2 2026.
How has Morgan Stanley's wealth management1 — net income changed year-over-year?
Morgan Stanley's wealth management1 — net income increased by 23.4% year-over-year, from $1.7B to $2.1B.
What is the long-term trend for Morgan Stanley's wealth management1 — net income?
Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — net income has grown at a 10.8% compound annual growth rate (CAGR), from $4.73B to $7.13B.
What does wealth management1 — net income mean?
This is the final profit of the Wealth Management segment after all expenses, including taxes, have been deducted. It represents the segment's contribution to the overall firm's bottom line. This is the primary metric for assessing the ultimate financial success of the segment.