Morgan Stanley (MS)
Morgan Stanley brought in $80.2B of revenue over the twelve months to September 30, 2026, up 16.2% from a year earlier. Net income was $20.5B, a net margin of 25.5%. At September 30, 2026 it held $138.7B in cash against $378.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Morgan Stanley
- Net worth
- Morgan Stanley has a market value (market cap) of $294.6B at the latest share price, and shareholders' equity of $117.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $70.6B (+14.4% year on year), with net income of $16.9B. Over the 12 months to September 30, 2026: revenue $80.2B, net income $20.5B.
- Cash flow
- In fiscal 2025 operations used $17.9B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Morgan Stanley's next report is expected around January 13, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Morgan Stanley declared dividends of $3.85 per share in fiscal 2025, a yield of 2.05% at the current price.
What Morgan Stanley does
Morgan Stanley provides investment banking, securities trading, and wealth and asset management services. Its clients include corporations, governments, financial institutions, and high-net-worth individuals. Its shares trade on NYSE under the ticker MS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $70.6B | $16.9B | $10.21 | n/a |
| 2024 | $61.8B | $13.4B | $7.95 | n/a |
| 2023 | $54.1B | $9.1B | $5.18 | n/a |
| 2022 | $53.7B | $11B | $6.15 | n/a |
| 2021 | $59.8B | $15B | $8.03 | n/a |
| 2020 | $48.8B | $11B | $6.46 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MS ranks in Finance
Dividends
Morgan Stanley declared $3.85 per share in fiscal 2025. At the current price that is a yield of 2.05%. It paid out $6.6B in cash dividends, 39% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.85 | $6.6B | 39% |
| 2024 | $3.55 | $6.1B | 46% |
| 2023 | $3.25 | $5.8B | 63% |
| 2022 | $2.95 | $5.4B | 49% |
| 2021 | $2.10 | $4.2B | 28% |
| 2020 | $1.40 | $2.7B | 25% |
Latest SEC filings
What Morgan Stanley has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 6, 2026Passive stake (5% or more) SCHEDULE 13G
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $20.3B versus the same quarter last year; diluted EPS $3.03 versus $2.80.
- October 14, 2026
- October 13, 2026Passive stake changed SCHEDULE 13G/A
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- August 17, 2026Form N-PX filing N-PX
Insider trades
What the people running Morgan Stanley did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 29, 2026 | Mitsubishi Ufj Financial Group Inc10% owner | Other change | 604,396 | $111.1M |
| September 22, 2026 | Mitsubishi Ufj Financial Group Inc10% owner | Other change | 1,340,519 | $285M |
| July 30, 2026 | Mitsubishi Ufj Financial Group Inc10% owner | Other change | 414,396 | $88.4M |
| July 28, 2026 | Schapiro Mary LDirector | Sold | 1,000 | $212.1K |
| July 28, 2026 | Schapiro Mary LDirector | Gave as a gift | 2,325 | - |
| July 17, 2026 | Pizzi Michael A.Head Technology & Operations | Sold | 17,064 | $3.7M |
| July 17, 2026 | Pizzi Michael A.Head Technology & Operations | Sold | 7,101 | $1.5M |
| July 16, 2026 | Yeshaya SharonChief Financial Officer | Sold | 6,382 | $1.4M |
Who owns MS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.65% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 3,571 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Mitsubishi Ufj Financial Group Inc | 377,085,167 | 0 |
| BlackRock, Inc. | 396,425,771 | +62,877,244 |
| State Street Corp | 203,332,974 | +17,050,650 |
| Vanguard Capital Management LLC | 223,940,798 | +2,508,904 |
| Vanguard Portfolio Management LLC | 210,234,405 | +7,598,348 |
| Jpmorgan Chase & Co | 58,623,773 | -3,893,498 |
| Fmr LLC | 122,439,713 | +3,244,532 |
| Morgan Stanley | 302,234,591 | +13,042,900 |
| Geode Capital Management, LLC | 110,853,867 | +15,004,110 |
| Fisher Asset Management, LLC | 27,905,686 | +565,606 |
| Bank of America Corp | 48,504,067 | +8,973,339 |
| Norges Bank | 38,900,933 | new |
| Goldman Sachs Group Inc | 62,446,978 | +6,602,505 |
| UBS Group AG | 68,270,126 | -8,417,239 |
| Capital Research Global Investors | 22,415,627 | -2,190,859 |
| Massachusetts Financial Services Co | 32,323,382 | -4,269,079 |
| Northern Trust Corp | 42,803,286 | +6,329,376 |
| Ameriprise Financial Inc | 22,628,161 | +3,392,365 |
| Dimensional Fund Advisors LP | 55,197,828 | +281,909 |
| Charles Schwab Investment Management Inc | 42,212,803 | -588,991 |
Insiders
22 insiders reported holding 377,293,226 shares in total, about $70.77B at the last price.
| Holder | Shares |
|---|---|
| Mitsubishi Ufj Financial Group Inc10% owner | 374,725,856 |
| Pick EdwardChairman and CEO, Director | 666,249 |
| Simkowitz Daniel ACo-President | 365,802 |
| Saperstein Andrew MCo-President | 282,142 |
| Grossman Eric FChief Legal/Admin Officer | 169,403 |
| Yeshaya SharonChief Financial Officer | 136,810 |
| Glocer Thomas HDirector | 124,550 |
| Pizzi Michael A.Head Technology & Operations | 121,770 |
| Smith Charles AChief Risk Officer | 119,128 |
| Herz Robert HDirector | 102,563 |
Questions about MS
What does Morgan Stanley do?
Morgan Stanley provides investment banking, securities trading, and wealth and asset management services. Its clients include corporations, governments, financial institutions, and high-net-worth individuals. Its shares trade on NYSE under the ticker MS.
What is Morgan Stanley's net worth?
Morgan Stanley has a market value (market cap) of $294.6B at the latest share price, and shareholders' equity of $117.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Morgan Stanley profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $20.5B on revenue of $80.2B, a net margin of 25.5%.
How much revenue does Morgan Stanley make?
Over the twelve months to September 30, 2026 Morgan Stanley reported revenue of $80.2B. That is 16.2% more than a year earlier.
When did Morgan Stanley last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 6, 2026.
When is Morgan Stanley's next earnings report?
Morgan Stanley's next report is expected around January 13, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Morgan Stanley pay a dividend?
Yes. Morgan Stanley declared dividends of $3.85 per share in fiscal 2025, a yield of 2.05% at the current price.
Similar companies
Compare MS with
Follow MS
Get an email when Morgan Stanley files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Morgan Stanley tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.