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Morgan Stanley MS Professional services

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Other financials

Income statement

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Revenue$20.6B+16.0%
Net income$5.6B+29.0%
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

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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$356.51B+38.9%
Enterprise value$603.11B+21.4%
P/E19.7×+1.7×
P/S4.9×+0.9×

Profitability

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Net margin24.6%+2.4pp
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:ProfessionalFees.

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 professional services?
Morgan Stanley (MS) reported professional services of $602M in Q1 2026.
How has Morgan Stanley's professional services changed year-over-year?
Morgan Stanley's professional services decreased by 10.7% year-over-year, from $674M to $602M.
What is the long-term trend for Morgan Stanley's professional services?
Over 4 years (2021 to 2025), Morgan Stanley's professional services has grown at a -0.8% compound annual growth rate (CAGR), from $2.93B to $2.84B.
What does professional services mean?
This metric tracks payments made to third-party consultants, legal counsel, auditors, and other professional service providers. It reflects the firm's reliance on external expertise for regulatory compliance, strategic projects, and legal defense. It is often monitored to assess the firm's discretionary spending and legal risk exposure.