What is Morgan Stanley's total revenue?

Morgan Stanley (MS) reported total revenue of $20.58B in Q1 2026.

How has Morgan Stanley's total revenue changed year-over-year?

Morgan Stanley's total revenue increased by 16.0% year-over-year, from $17.74B to $20.58B.

What is the long-term trend for Morgan Stanley's total revenue?

Over 4 years (2021 to 2025), Morgan Stanley's total revenue has grown at a 4.3% compound annual growth rate (CAGR), from $59.76B to $70.65B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Morgan Stanley MS Total Revenue

Total Revenue at other companies

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$49.84B+10.0%

Bank of AmericaBAC

$30.27B+7.2%

Wells Fargo & CompanyWFC

$21.45B+6.4%

Jefferies Financial GroupJEF

$2.21B+35.0%

Charles Schwab CorporationSCHW

$6.48B+15.8%

Raymond James FinancialRJF

$3.86B+13.4%

Segments

By segment

See full

Institutional Securities1$10.72B+19.3%

Wealth Management1$8.52B+16.3%

Investment Management$1.54B-4.2%

By geography

See full

Americas$14.59B+11.4%

Asia$3.35B+42.8%

EMEA$2.64B+15.3%

Other financials

Income statement

See full

Net income$5.6B+29.0%

EPS (diluted)$3.43+31.9%

Balance sheet

See full

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

See full

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: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 total revenue?: Morgan Stanley (MS) reported total revenue of $20.58B in Q1 2026.
How has Morgan Stanley's total revenue changed year-over-year?: Morgan Stanley's total revenue increased by 16.0% year-over-year, from $17.74B to $20.58B.
What is the long-term trend for Morgan Stanley's total revenue?: Over 4 years (2021 to 2025), Morgan Stanley's total revenue has grown at a 4.3% compound annual growth rate (CAGR), from $59.76B to $70.65B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.