Morgan Stanley

Morgan Stanley

MS
Morgan StanleyUS flagNew York Stock Exchange
214.83
USD
+0.75
- -
338.85BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.15
16.88
17.42
17.69
20.14
22.08
24.15
28.59
31.6
29.69
31.12
36.22
41.91
46.75
Basic EPS, GAAP
1.39
1.64
2.97
2.98
3.14
4.81
5.26
6.55
8.16
6.23
5.24
8.05
10.32
12.51
Free Cash Flow per Basic Share
17.68
0.05
-3.06
2.22
-3.45
3.19
24.09
-16.64
17.74
-5.6
-20.6
0.86
-11.37
-9.98
Dividend per Share
0.25
0.47
0.76
0.94
1.17
1.39
1.62
1.71
2.34
3.19
3.54
3.86
4.19
4.34
Book Value per Share
32.24
33.26
35.24
36.99
38.52
42.2
45.82
51.13
55.12
54.56
55.5
58.98
64.37
67.8
Tangible Book Value per Share
27.16
28.26
30.26
31.97
33.46
36.99
40.01
41.95
40.91
40.07
40.89
44.57
50
53.18
Basic Weighted Avg Shares
1,906
1,924
1,909
1,849
1,780
1,708
1,617
1,603
1,785
1,691
1,628
1,591
1,574
1,562
Sales/Revenue/Turnover
30,782
32,469
33,263
32,711
35,852
37,714
39,045
45,828
56,414
50,210
50,667
57,621
65,966
73,053
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,511
1,161
1,433
1,736
1,753
1,844
2,643
3,769
4,216
3,998
4,256
5,161
4,658
4,402
Net Income, GAAP
2,932
3,467
6,127
5,979
6,111
8,748
9,042
10,996
15,034
11,029
9,087
13,390
16,861
20,155
Effective Tax Rate (%)
19.79
- -
25.9
30.81
40.07
20.91
18.26
22.46
23.12
20.65
21.87
23.11
22.45
22.09
Profit Margin (%)
9.53
10.68
18.42
18.28
17.05
23.2
23.16
23.99
26.65
21.97
17.93
23.24
25.56
27.59
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
163,557
163,462
161,797
174,464
200,300
195,547
197,655
218,798
232,831
241,081
267,467
288,776
349,392
391,463
Total Equity
69,030
72,104
76,184
77,177
78,466
81,406
82,697
103,149
106,598
101,231
99,982
105,428
112,652
117,440
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
4.31
4.94
8.56
8.09
8.13
11.7
11.76
12.68
15.31
11.15
9.39
13.83
16.53
19.07

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
21,146
23,701
30,912
LT Borrowings
349,392
370,533
391,463
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
9,750
9,750
9,750
Shares Outstanding
1,583
1,580
1,572
Market Capitalization
281,001
259,960
328,611

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
116,703
130,884
158,800
Accounts Receivable, Net
114,720
132,599
151,010
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
226,519
259,289
279,070
ST Debt
21,146
23,701
30,912
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.24%
1.88%
6.85%
Free Cash Flow
-177.31%
-322.44%
-1,413.44%
Net Income, GAAP
13.36%
13.15%
25.92%
Sales/Revenue/Turnover
7.52%
8.24%
14.48%
Total Cash Common Dividend
20.7%
23.62%
7.8%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,215
14,024
14,339
15,043
57,621
2025
16,517
15,604
17,083
16,762
65,966
2026
19,324
19,884
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.04
1.85
1.91
2.25
8.05
2025
2.62
2.15
2.83
2.72
10.32
2026
3.47
3.5
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
0.92
1
1
3.86
2025
1.02
1
1.09
1.08
4.19
2026
1.09
1.08
- -
- -
- -

Company Description

CEO
Edward N. Pick
Full Time Employees
83,000
Sector
Financial Services
Industry
Financial - Capital Markets
Address
1585 Broadway New York City NY United States of America 10036
IPO Date
Feb 23, 1993
Business
Morgan Stanley (NYSE: MS), a leading global financial services firm founded in 1935 and headquartered at 1585 Broadway in Midtown Manhattan, New York City, provides investment banking, securities, wealth management, and investment management services to corporations, governments, financial institutions, high-net-worth individuals, and retail clients worldwide across offices in 42 countries. The company operates through three primary business segments: Institutional Securities, which offers capital raising including underwriting of debt, equity, and other securities; financial advisory on mergers and acquisitions, restructurings, real estate, and project finance; sales and trading in equity securities, fixed income products, foreign exchange, and commodities; prime brokerage; corporate lending; credit products; investments; and research; Wealth Management, which delivers brokerage and investment advisory services, financial and wealth planning, market making in fixed income securities, annuities, insurance products, credit and lending products, banking, and retirement plan services primarily to individuals, small- to medium-sized businesses, and institutions; and Investment Management, encompassing traditional asset management in equity, fixed income, liquidity, alternatives, and managed futures products, as well as merchant banking and real estate investing for institutional clients including pensions, foundations, endowments, sovereign wealth funds, insurance companies, and corporations, and retail clients through intermediaries. Recent developments include Morgan Stanley Expansion Capital's acquisition of a stake in UK payments fintech Sokin in 2025 to support its global expansion and product growth; investments in Octagos Health ($43 million Series B for AI-driven cardiac monitoring), Cloudian ($23 million for AI data lake platforms), and Urban Plates ($27 million for restaurant expansion); the closing of North Haven Capital Partners VIII at $3.2 billion in June 2025 for private equity investments; Morgan Stanley Capital Partners' acquisition of American Restoration in 2024, marking its fifth residential and commercial services investment; the October 2025 agreement to acquire EquityZen, a platform for trading stakes in private companies; and the launch of new investment products such as the Eaton Vance Income Opportunities Fund conversion into XAGG in November 2025.

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