Morgan Stanley (MS)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
- Symbol
- MS
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Capital Markets
- Market cap
- $292.68B
- 52 week range
- 151.84 - 232.25
Valuation
- Share price
- $188.01 (close of 2026-10-01)
- P/E (TTM)
- 14.87x
- Price to book
- 2.49x
- Price to free cash flow
- -18.78x
- Enterprise value
- $554.92B
- Book value per share
- $74.71
Price performance
| Period | Change |
|---|---|
| 1 day | -0.04% |
| 5 days | -4.23% |
| 1 month | -10.91% |
| 3 months | -11.26% |
| 6 months | +13.14% |
| Year to date | +5.90% |
| 1 year | +19.84% |
| 3 years | +130.21% |
| 5 years | +89.81% |
| 10 years | +486.43% |
| All time | +2325.94% |
Members of Congress who disclosed MS trades
Julie Johnson · Marjorie Taylor Greene · Val Hoyle · Bruce Westerman · Gilbert Ray Cisneros · Ritchie Torres · Alan Armstrong · Dan Newhouse · Jefferson Shreve · Steve Cohen
Super investors holding MS
David Katz (Matrix Asset Advisors Inc)
Profitability and growth
- Return on equity
- 14.97%
- Return on assets
- 1.19%
- Net margin
- 23.87%
- EBITDA margin
- 106.82%
- Revenue growth
- 14.38%
- Net income growth
- 25.92%
- Free cash flow growth
- -1413.44%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -5.33%
- Net debt to EBITDA
- 3.39x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $70.64B
- EBITDA
- $75.47B
- Net income
- $16.86B
- Earnings per share
- $10.32
- Interest expense
- $49.02B
- Shares outstanding
- 1.57B
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | $70.64B | $16.86B | $10.32 |
| 2024-12-31 | $61.76B | $13.39B | $8.04 |
| 2023-12-31 | $54.14B | $9.09B | $5.24 |
| 2022-12-31 | $53.67B | $11.03B | $6.23 |
| 2021-12-31 | $59.76B | $15.03B | $8.16 |
| 2020-12-31 | $48.76B | $11.00B | $6.55 |
| 2019-12-31 | $41.54B | $9.04B | $5.26 |
| 2018-12-31 | $40.11B | $8.75B | $4.81 |
| 2017-12-31 | $37.95B | $6.11B | $3.14 |
| 2016-12-31 | $34.63B | $5.98B | $2.98 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 23.87% | 14.97% |
| 2024-12-31 | 21.68% | 12.70% |
| 2023-12-31 | 16.78% | 9.09% |
| 2022-12-31 | 20.55% | 10.89% |
| 2021-12-31 | 25.16% | 14.10% |
| 2020-12-31 | 22.55% | 10.66% |
| 2019-12-31 | 21.77% | 10.93% |
| 2018-12-31 | 21.81% | 10.75% |
| 2017-12-31 | 16.10% | 7.79% |
| 2016-12-31 | 17.26% | 7.75% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $111.69B | $341.68B |
| 2024-12-31 | $105.39B | $284.31B |
| 2023-12-31 | $89.23B | $260.54B |
| 2022-12-31 | $128.13B | $233.87B |
| 2021-12-31 | $127.72B | $227.36B |
| 2020-12-31 | $105.65B | $213.39B |
| 2019-12-31 | $82.17B | $190.06B |
| 2018-12-31 | $87.20B | $188.12B |
| 2017-12-31 | $80.39B | $191.06B |
| 2016-12-31 | $77.36B | $164.78B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | -$17.89B | $1.93B |
| 2024-12-31 | $1.36B | $1.62B |
| 2023-12-31 | -$33.54B | $1.71B |
| 2022-12-31 | -$6.40B | $1.88B |
| 2021-12-31 | $33.97B | $2.08B |
| 2020-12-31 | -$25.23B | $1.31B |
| 2019-12-31 | $40.77B | $1.15B |
| 2018-12-31 | $7.30B | $920.00M |
| 2017-12-31 | -$4.50B | $1.03B |
| 2016-12-31 | $5.38B | $1.14B |
Dividend history
- Most recent payment
- 2026-07-31
- Paid in the last twelve months
- $4.15
| Payment date | Dividend per share |
|---|---|
| 2026-07-31 | $1.15 |
| 2026-04-30 | $1.00 |
| 2026-01-30 | $1.00 |
| 2025-10-31 | $1.00 |
| 2025-07-31 | $1.00 |
| 2025-04-30 | $0.93 |
| 2025-01-31 | $0.93 |
| 2024-10-31 | $0.93 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-14
- Consensus EPS estimate
- $3.01
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-15 | Jun/2026 | $2.89 |
| 2026-04-15 | - | - |
| 2026-01-15 | - | - |
| 2025-10-15 | - | - |
| 2025-07-16 | - | - |
| 2025-04-11 | - | - |
| 2025-01-16 | - | - |
| 2024-10-16 | - | - |
Filings and sources
- Company website
- morganstanley.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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