What is Morgan Stanley's net income?

Morgan Stanley (MS) reported net income of $5.57B in Q1 2026.

How has Morgan Stanley's net income changed year-over-year?

Morgan Stanley's net income increased by 29.0% year-over-year, from $4.32B to $5.57B.

What is the long-term trend for Morgan Stanley's net income?

Over 4 years (2021 to 2025), Morgan Stanley's net income has grown at a 2.9% compound annual growth rate (CAGR), from $15.03B to $16.86B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Morgan Stanley MS Net Income

Net Income at other companies

JPMorgan ChaseJPM

$16.49B+12.6%

Bank of AmericaBAC

$8.58B+16.6%

Wells Fargo & CompanyWFC

$5.25B+7.3%

Jefferies Financial GroupJEF

$159.35M+16.4%

Charles Schwab CorporationSCHW

$2.48B+29.9%

Raymond James FinancialRJF

$544M+9.9%

Segments

By segment

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Institutional Securities1$3.37B+30.2%

Wealth Management1$2.05B+33.6%

Investment Management$242M-7.6%

Other financials

Income statement

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Revenue$20.6B+16.0%

EPS (diluted)$3.43+31.9%

Balance sheet

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Cash & equivalents$133.53B+47.2%

Total debt$371.57B+18.4%

Total equity$114.29B+7.0%

Total assets$1.58T+21.6%

Cash flow

See full

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$348.64B+63.8%

Enterprise value$586.68B+34.6%

P/E19.3×+4.4×

P/S4.7×+1.4×

Profitability

See full

Net margin24.6%+2.4pp

FCF margin-54.3%-8.4pp

Returns & leverage

See full

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:NetIncomeLoss.

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 net income?: Morgan Stanley (MS) reported net income of $5.57B in Q1 2026.
How has Morgan Stanley's net income changed year-over-year?: Morgan Stanley's net income increased by 29.0% year-over-year, from $4.32B to $5.57B.
What is the long-term trend for Morgan Stanley's net income?: Over 4 years (2021 to 2025), Morgan Stanley's net income has grown at a 2.9% compound annual growth rate (CAGR), from $15.03B to $16.86B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.