OpenNashEarnings

Banking · NYSE: MS

Morgan Stanley earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 14 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Morgan Stanley Reports Net Revenues of $20.3 Billion, EPS of $3.03 and ROTCE of 22.6%

Morgan Stanley reported net revenues of $20.3 billion, up from $18.2 billion a year ago, and net income applicable to the firm of $4.9 billion, or $3.03 per diluted share. Equity trading was the standout at $5.8 billion, up 41%. Wealth Management posted record revenues of $9.1 billion and $232 billion of net new assets. Investment Management revenues fell to $1.5 billion on a carried interest reversal.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$20.3B+11.6% y/yQ3 2026
Q4 2024: $16.2B (worked out from the annual figure)Q4 ’24$16.2BQ1 2025: $17.7BQ1 ’25$17.7BQ2 2025: $16.8BQ2 ’25$16.8BQ3 2025: $18.2BQ3 ’25$18.2BQ4 2025: $17.9B (worked out from the annual figure)Q4 ’25$17.9BQ1 2026: $20.6BQ1 ’26$20.6BQ2 2026: $21.3BQ2 ’26$21.3BQ3 2026: $20.3BQ3 ’26$20.3B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$16.2B *
Q1 2025$17.7B
Q2 2025$16.8B
Q3 2025$18.2B
Q4 2025$17.9B *
Q1 2026$20.6B
Q2 2026$21.3B
Q3 2026$20.3B
Diluted EPS (GAAP)$3.03+8.2% y/yQ3 2026
Q1 2025: $2.60Q1 ’25$2.60Q2 2025: $2.13Q2 ’25$2.13Q3 2025: $2.80Q3 ’25$2.80Q1 2026: $3.43Q1 ’26$3.43Q2 2026: $3.46Q2 ’26$3.46Q3 2026: $3.03Q3 ’26$3.03
Data
Q1 2025$2.60
Q2 2025$2.13
Q3 2025$2.80
Q1 2026$3.43
Q2 2026$3.46
Q3 2026$3.03

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$16.2Bd$17.7B$16.8B$18.2B$17.9Bd$20.6B$21.3B$20.3B
Net income$3.7Bd$4.3B$3.5B$4.6B$4.4Bd$5.6B$5.6B$4.9B
Diluted EPS—$2.60$2.13$2.80—$3.43$3.46$3.03
Operating cash flow$11.8Bd-$24.0B$11.8Bd-$3.3Bd-$2.4Bd-$7.1B-$2.7Bd-$46.0Bd

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings