What is Morgan Stanley's undistributed earnings of foreign subsidiaries?

Morgan Stanley (MS) reported undistributed earnings of foreign subsidiaries of $490.00M in Q4 2025.

What is the long-term trend for Morgan Stanley's undistributed earnings of foreign subsidiaries?

Over 3 years (2022 to 2025), Morgan Stanley's undistributed earnings of foreign subsidiaries has grown at a 4.5% compound annual growth rate (CAGR), from $429.00M to $490.00M.

What does undistributed earnings of foreign subsidiaries mean?

Profits earned by international branches that remain held abroad rather than being sent back to the home country.

Equity

Undistributed Earnings of Foreign Subsidiaries

Morgan Stanley Undistributed Earnings of Foreign Subsidiaries increased by 21.0% to $490.00M in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Undistributed Earnings of Foreign Subsidiaries shows an upward trend with a 4.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionEquity

CategoryCapital Allocation

SignalContext dependent

VolatilityModerate

First reportedQ4 2014

Last reportedQ4 2025Feb 19, 2026

How to read this metric

Higher levels suggest a strategy of reinvestment in international growth, while lower levels may indicate a focus on repatriating capital for domestic use.

Detailed definition

This represents the portion of net income generated by foreign subsidiaries that has been reinvested in those operations...

Peer comparison

Standard for global investment banks with significant operations in major financial hubs outside their home jurisdiction.

Metric ID: undistributed_foreign_earnings

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$429.00M	$302.00M	$405.00M	$490.00M
QoQ Change	—	-29.6%	+34.1%	+21.0%
YoY Change	—	-29.6%	+34.1%	+21.0%

Range$302.00M – $490.00M

Avg YoY Growth+8.5%

Median YoY Growth+21.0%

Current Streak2 quarters growth

Undistributed Earnings of Foreign Subsidiaries at Other Companies

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Frequently Asked Questions

What is Morgan Stanley's undistributed earnings of foreign subsidiaries?: Morgan Stanley (MS) reported undistributed earnings of foreign subsidiaries of $490.00M in Q4 2025.
What is the long-term trend for Morgan Stanley's undistributed earnings of foreign subsidiaries?: Over 3 years (2022 to 2025), Morgan Stanley's undistributed earnings of foreign subsidiaries has grown at a 4.5% compound annual growth rate (CAGR), from $429.00M to $490.00M.
What does undistributed earnings of foreign subsidiaries mean?: Profits earned by international branches that remain held abroad rather than being sent back to the home country.