Morgan Stanley logo

Morgan Stanley

MS-PQ

NYSEFinancial ServicesFinancial - Capital Markets

Regular session

$25.505

+$0.035 · +0.14%

Aug 24, 11:45 AM ET

MS-PQ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

76

Undervalued

Momentum

41

Neutral

Sentiment

58

Mixed

Risk resilience

81

Low Risk

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Company profile

Company website

Morgan Stanley is a global financial holding company that delivers a broad spectrum of financial solutions and offerings to a diverse client base, including businesses, governmental bodies, financial organizations, and private individuals across continents like the Americas, Europe, the Middle East, Africa, and Asia. Its operations are structured into three main divisions: Institutional Securities, Wealth Management, and Investment Management. The Institutional Securities division focuses on capital formation and strategic financial advice, encompassing activities such as underwriting various securities (debt, equity), and offering guidance on corporate transactions like mergers, acquisitions, restructurings, real estate ventures, and project financing. Additionally, this segment delivers equity and fixed income instruments, covering sales, funding, prime brokerage, and market-making. It also deals in foreign exchange and commodities, alongside offering a range of lending products, including corporate and commercial real estate loans, secured lending facilities, financing for sales and trading clients, and asset-backed and mortgage lending. The division further extends its offerings to include wealth management, investment opportunities, and research capabilities. The Wealth Management division caters to individual investors, as well as small to medium-sized businesses and institutions, providing a comprehensive suite of services. These include brokerage, custodial, administrative, and investment advisory services facilitated by financial advisors, alongside options for self-directed brokerage. The division also offers financial and wealth planning, workplace solutions like stock plan administration, various annuity and insurance products, and diverse lending options such as securities-based and residential real estate loans. Furthermore, it provides banking services and manages retirement plans. Finally, the Investment Management segment delivers specialized services across equity, fixed income, alternative investments, and liquidity and overlay strategies. Its clientele spans a wide array of institutional and individual investors, including benefit and defined contribution plans, foundations, endowments, government bodies, sovereign wealth funds, insurance firms, third-party fund managers, corporations, and private individuals, accessible via institutional and intermediary channels. Established in 1924, the company maintains its headquarters in New York City.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Edward N. Pick
Listed since
Jul 23, 2024
Employees
83,000

Market position

Day range

Current $25.505

52-week range

Current $25.505

Open
$25.51
Previous close
$25.47
Volume
23.59K
0.4× average
Average volume
59.52K
Average daily volume
Market cap
334.14B USD
Beta
1.21
Market reference 1
50-day average
$25.4022
+0.40% above average
200-day average
$25.8451
-1.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
642.76B USD
P/E (TTM)
17.3×
P/B (TTM)
3.06×
P/S (TTM)
2.68×
EV / EBITDA
24.15×
Earnings yield
6.05%
Free cash flow yield
16.53%
Dividend yield
1.93%

Profitability & efficiency

Gross margin
59.72%
Operating margin
20.70%
Net margin
15.99%
Return on equity
15.10%
Return on assets
1.19%
Return on invested capital
1.69%

Financial health

Debt / equity
4.75×
Current ratio
1.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends106%71%36%2%Gross margin, FY2021: 97.63%Gross margin, FY2022: 79.92%Gross margin, FY2023: 56.79%Gross margin, FY2024: 55.61%Gross margin, FY2025: 57.07%Operating margin, FY2021: 34.04%Operating margin, FY2022: 22.55%Operating margin, FY2023: 13.38%Operating margin, FY2024: 17.06%Operating margin, FY2025: 19.09%Net margin, FY2021: 26.02%Net margin, FY2022: 17.65%Net margin, FY2023: 10.29%Net margin, FY2024: 12.98%Net margin, FY2025: 14.66%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 97.63%. Gross margin FY2022 79.92%. Gross margin FY2023 56.79%. Gross margin FY2024 55.61%. Gross margin FY2025 57.07%. Operating margin FY2021 34.04%. Operating margin FY2022 22.55%. Operating margin FY2023 13.38%. Operating margin FY2024 17.06%. Operating margin FY2025 19.09%. Net margin FY2021 26.02%. Net margin FY2022 17.65%. Net margin FY2023 10.29%. Net margin FY2024 12.98%. Net margin FY2025 14.66%.

Income trends

Revenue

114.98B USD+11.48%

Operating income

21.95B USD+24.77%

Net income

16.86B USD+25.92%
Income trends across reported periods125.57B USD83.21B USD40.86B USD−1.5B USDRevenue, FY2021: 57.78B USDRevenue, FY2022: 62.48B USDRevenue, FY2023: 88.29B USDRevenue, FY2024: 103.15B USDRevenue, FY2025: 114.98B USDOperating income, FY2021: 19.67B USDOperating income, FY2022: 14.09B USDOperating income, FY2023: 11.81B USDOperating income, FY2024: 17.6B USDOperating income, FY2025: 21.95B USDNet income, FY2021: 15.03B USDNet income, FY2022: 11.03B USDNet income, FY2023: 9.09B USDNet income, FY2024: 13.39B USDNet income, FY2025: 16.86B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 57.78B USD. Revenue FY2022 62.48B USD. Revenue FY2023 88.29B USD. Revenue FY2024 103.15B USD. Revenue FY2025 114.98B USD. Operating income FY2021 19.67B USD. Operating income FY2022 14.09B USD. Operating income FY2023 11.81B USD. Operating income FY2024 17.6B USD. Operating income FY2025 21.95B USD. Net income FY2021 15.03B USD. Net income FY2022 11.03B USD. Net income FY2023 9.09B USD. Net income FY2024 13.39B USD. Net income FY2025 16.86B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue114.98B USD103.15B USD88.29B USD62.48B USD57.78B USD
Cost of goods sold49.37B USD45.79B USD38.15B USD12.55B USD1.37B USD
Gross profit65.62B USD57.36B USD50.14B USD49.93B USD56.41B USD
Selling, general, and administrative30.25B USD27.14B USD25.1B USD23.96B USD25.27B USD
Operating expenses43.66B USD39.76B USD38.32B USD35.84B USD36.74B USD
Interest income59.06B USD54.14B USD45.85B USD21.6B USD9.41B USD
Interest expense49.02B USD45.52B USD37.62B USD12.27B USD1.37B USD
Depreciation and amortization4.66B USD5.16B USD4.26B USD4B USD4.22B USD
Operating income21.95B USD17.6B USD11.81B USD14.09B USD19.67B USD
Net income16.86B USD13.39B USD9.09B USD11.03B USD15.03B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
2 beats, 0 misses, 0 met estimates
Average EPS surprise
+15.83%
2 comparable reports
Latest EPS result
3.46
Estimate 2.93 · Beat by 18.09%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.63.092.592.08Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 22, 2025: actual 2.31, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 2.7, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 16, 2025: actual 2.22, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 15, 2025: actual 2.89, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 2.72, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 15, 2026: actual 3.43, estimate 3.02, surprise +13.58%, Beat. Q3 2026, reported Jul 15, 2026: actual 3.46, estimate 2.93, surprise +18.09%, Beat. Q4 2026, reported Oct 14, 2026: actual —, estimate 3.13, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates30.52B24.97B19.42B13.86BQ1 '25No estimateQ2 '25BeatQ3 '25BeatQ4 '25No estimateQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 22, 2025: actual 25.98B USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 27.91B USD, estimate 16.09B USD, surprise +73.45%, Beat. Q3 2025, reported Jul 16, 2025: actual 29.35B USD, estimate 17.52B USD, surprise +67.57%, Beat. Q4 2025, reported Oct 15, 2025: actual 15.73B USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 15.04B USD, estimate 17.75B USD, surprise -15.31%, Miss. Q2 2026, reported Apr 15, 2026: actual 20.58B USD, estimate 19.74B USD, surprise +4.26%, Beat. Q3 2026, reported Jul 15, 2026: actual 21.35B USD, estimate 19.67B USD, surprise +8.50%, Beat. Q4 2026, reported Oct 14, 2026: actual —, estimate 20.35B USD, surprise —, Comparison unavailable.

MS-PQ peers

ETFs holding MS-PQ

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