8-K Announcements
1Material company update
Apr 15, 2026·SEC
Morgan Stanley(MS-PQ)Earnings, Financials & Key Ratios
MS-PQ•NYSE
$25.60
2.5× P/E·Price updated Jun 27, 2026
AboutMorgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment 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 through institutional and intermediary channels. The company was founded in 1924 and is headquartered in New York, New York.Show more
- EBITDA$26.61B+16.9%
- Net Income$16.86B+25.9%
- EPS (Diluted)10.20+28.3%
- Gross Margin57.07%+2.6%
- EBITDA Margin23.14%+4.9%
- Operating Margin19.09%+11.9%
- Net Margin14.66%+13.0%
- ROE15.46%+18.6%
MS-PQ Price & Volume
Morgan Stanley (MS-PQ) stock price & volume — 10-year historical chart
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Diversified Revenue Scaling Drives Institutional Margin Recovery
Investment Thesis • Updated 2026Q1
VerdictPositive: The stock currently trades at a compelling forward P/E of 2.15 and a P/B of 0.36
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory and interest rate sensitivity
Key Thesis Takeaways
- Morgan Stanley has successfully transitioned from a 2023Q4 low of $24.2 billion in revenue to a peak of $33.1 billion in 2026Q1, supported by a robust wealth management and institutional securities ecosystem.
- While the firm has demonstrated significant operational leverage with operating income rising to $7.0 billion, investors should monitor the volatility in cash flow conversion and potential regulatory impacts on margins.
- The firm's disciplined capital return policy, evidenced by consistent quarterly dividends of approximately $1.7 billion, provides a foundation for long-term value despite the inherent cyclicality of its institutional business.
Verdict Logic
which appears to undervalue the firm's ability to generate $5.6 billion in quarterly net income.
MS-PQ Growth Metrics
Morgan Stanley (MS-PQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.31%
5 Years18.28%
3 Years22.55%
TTM-
Profit CAGR
10 Years10.65%
5 Years8.93%
3 Years15.2%
TTM27.22%
EPS CAGR
10 Years13.36%
5 Years9.57%
3 Years18.37%
TTM29.11%
Return on Capital
10 Years3.47%
5 Years3.6%
3 Years3.27%
Last Year3.29%
MS-PQ Recent Earnings
Morgan Stanley (MS-PQ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (100%)●Beat Revenue 3/12 qtrs (60%)
Q2 2026Latest
Apr 15, 2026Metric
Actual
Est
EPS
$3.43+13.6%
$3.02
Rev
$20.6B+4.3%
$19.7B
Q2 2026
Apr 9, 2026Metric
Actual
Est
EPS
$3.47
—
Rev
$17.9B-9.5%
$19.8B
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$2.78
—
Rev
$15.0B
—
Q1 2026
Jan 14, 2026Metric
Actual
Est
EPS
$2.72
—
Rev
$15.0B-15.3%
$17.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 15, 2026 | $3.43vs $3.02+13.6% | $20.6Bvs $19.7B+4.3% |
| Q2 2026 | Apr 9, 2026 | $3.47 | $17.9Bvs $19.8B-9.5% |
| Q1 2026 | Feb 19, 2026 | $2.78 | $15.0B |
| Q1 2026 | Jan 14, 2026 | $2.72 | $15.0Bvs $17.8B-15.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Morgan Stanley (MS-PQ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.60 | $40.78B | 2.51 | 11.48% | 14.66% | 15.46% | 16.17% | |
| $1019.61 | $314.04B | 19.87 | -1.38% | 16.31% | 14.31% | — | |
| $329.05 | $881.69B | 16.41 | 3.31% | 20.66% | 16.32% | — | |
| $57.88 | $410.75B | 15.15 | -0.45% | 18.13% | 10.5% | — | |
| $141.68 | $241.65B | 20.27 | -1.41% | 9.34% | 7.49% | — | |
| $83.87 | $256.66B | 13.27 | -1.49% | 17.29% | 11.92% | — |
Compare MS-PQ vs Peers
Morgan Stanley (MS-PQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MS-PQ SEC Filings & Documents
Morgan Stanley (MS-PQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MS-PQ Frequently Asked Questions
Morgan Stanley (MS-PQ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Morgan Stanley's revenue?
Morgan Stanley (MS-PQ) reported $120.22B in revenue for fiscal year 2025.
How fast is Morgan Stanley growing?
Morgan Stanley (MS-PQ) grew revenue by 11.5% over the past year. This is steady growth.
Is MS-PQ profitable?
Yes, Morgan Stanley (MS-PQ) is profitable, generating $18.18B in net income for fiscal year 2025 (14.7% net margin).
Dividend & Returns
Does MS-PQ pay dividends?
Yes, Morgan Stanley (MS-PQ) pays a dividend with a yield of 16.17%. This makes it attractive for income-focused investors.
What is MS-PQ's return on equity?
Morgan Stanley (MS-PQ) has a return on equity (ROE) of 15.5%. This is reasonable for most industries.
What is Morgan Stanley's free cash flow?
Morgan Stanley (MS-PQ) had negative free cash flow of $1.05B in fiscal year 2025, likely due to heavy capital investments.