Morgan Stanley (MS) Financials
Key financial figures for Morgan Stanley (Q3 2026).
Morgan Stanley reported Q3 2026 net revenues of $20.3 billion and EPS of $3.03 (versus $18.2 billion and $2.80 a year ago), with record Wealth Management revenues of $9.1 billion and record net new assets of $232 billion. Firm net revenues were $20,338 million versus $18,224 million a year ago (about +12%, calculated); net income applicable to Morgan Stanley was $4,909 million versus $4,610 million, and diluted EPS $3.03 versus $2.80. ROTCE was 22.6% (23.5% a year ago) and the expense efficiency ratio 67% (67% a year ago). Institutional Securities net revenues were $10,029 million versus $8,523 million, led by Equity at $5,799 million (up 41%); Investment Banking was $2,159 million (up 2%, with Advisory $887 million versus $684 million) and Fixed Income $2,011 million (down 7%). Figures are for Q3 2026, as Morgan Stanley reported them.
- Revenue
- $33.3B
- Net Income
- $4.9B
- EPS
- $3.07
- Total Assets
- $1.69T
- Operating Cash Flow
- -$46.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $33.3B | $4.9B | $3.03 | -$47.0B | |
| Q2 FY2026 | $34.5B | $5.6B | $3.46 | -$3.6B | |
| Q1 FY2026 | $33.1B | $5.6B | $3.43 | -$7.9B | |
| Q4 FY2025 | $28.9B | $4.4B | $2.67 | ||
| Q3 FY2025 | $30.0B | $4.6B | $2.80 | -$4.0B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $115.0B | $16.9B | $10.21 | $46.1B | |
| FY2024 | $103.1B | $13.4B | $7.95 | -$2.1B | |
| FY2023 | $88.3B | $9.1B | $5.18 | -$36.9B |
Frequently asked questions
What was Morgan Stanley's revenue last quarter?
Morgan Stanley reported revenue of $33.28 billion for Q3 FY2026, up 10.7% from the same period a year earlier.
Is Morgan Stanley profitable?
Yes. Morgan Stanley reported net income of $4.91 billion for Q3 FY2026, a net margin of 14.75% on revenue.
How much free cash flow did Morgan Stanley generate?
Morgan Stanley generated free cash flow of -$46.97 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Morgan Stanley on SentiSense, with up to forty quarters and twenty fiscal years of history.