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Morgan Stanley MS Net revenues

Net revenues at other companies

Stifel Financial logo
Stifel FinancialSF
$1.38B+16.6%
Raymond James Financial logo
Raymond James FinancialRJF
$486M+12.0%
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$778.13M-75.6%
BK
BKBK
$3.77B+10.7%
Stifel Financial logo
Stifel FinancialSF
$23.35M+41.7%
Popular logo
PopularBPOP

Segments

By segment

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Institutional Securities1$10.72B+19.3%
Wealth Management1$8.52B+16.3%
Investment Management$1.54B-4.2%

By geography

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Americas$14.59B+11.4%
Asia$3.35B+42.8%
EMEA$2.64B+15.3%

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$352B+38.9%
Enterprise value$590.04B+21.4%
P/E19.4×+1.7×
P/S4.8×+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:RevenuesNetOfInterestExpense.

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 revenues?
Morgan Stanley (MS) reported net revenues of $20.58B in Q1 2026.
How has Morgan Stanley's net revenues changed year-over-year?
Morgan Stanley's net revenues increased by 16.0% year-over-year, from $17.74B to $20.58B.
What is the long-term trend for Morgan Stanley's net revenues?
Over 4 years (2021 to 2025), Morgan Stanley's net revenues has grown at a 4.3% compound annual growth rate (CAGR), from $59.76B to $70.65B.
What does net revenues mean?
The total revenue of the firm after subtracting interest expenses.
How do you interpret net revenues?
Higher net revenues indicate strong market demand for the firm's services and effective management of funding costs.
How does net revenues compare across companies?
Commonly reported as Net Revenue by global investment banks and diversified financial firms.