Global financial services firm providing investment banking, securities, wealth management, and investment management services worldwide.
Profile & Fundamentals
Morgan Stanley: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Morgan Stanley Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Morgan Stanley
Common Stock · Financials · Investment Banking & Brokerage
Company
- Company / asset
- Morgan Stanley
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Investment Banking & Brokerage
- HQ
- 🇺🇸 United States
- Head office
- 1585 Broadway, New York, NY, United States, 10036
Leadership & scale
- Chief executive
- Mr. Edward N. Pick
- CEO year born
- 1969
- Full-time employees
- 83K
- Fiscal year end
- December
- IPO date
- 1993-02-23
Fundamentals snapshot
- Market Cap
- USD 304.3B
- P/E
- 15.0x
- Revenue (Q2 26)
- USD 34.5B
- Profit (Q2 26)
- USD 5.6B
- Dividend Yield
- 1.5%
- Revenue (FY 25)
- USD 115.0B
- Shares in public float
- 1.2B
- Insider ownership
- 24.33%
Reporting & identifiers
- Symbol
- MS.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US6174464486
- Asset ID
- equity_f02e8014-abbb-5a08-bf80-45a174fe3225
Ownership
Shares Outstanding
Latest: 1.6B | Max: 1.8B | Min: 1.6B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
74.79%
1.2B latest reported shares
Insider Ownership
24.32%
Latest reported insider stake
Short Float
0.00%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,796,000,000 |
| 2018-01-01 | 1,705,000,000 |
| 2019-01-01 | 1,602,000,000 |
| 2020-01-01 | 1,802,000,000 |
| 2021-01-01 | 1,785,000,000 |
| 2022-01-01 | 1,679,000,000 |
| 2023-01-01 | 1,627,000,000 |
| 2024-01-01 | 1,608,000,000 |
| 2025-01-01 | 1,593,000,000 |
| 2026-01-01 | 1,593,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Mitsubishi UFJ Financial Group Inc Junk | 377,085,167 | 24.01% | 2026-06-30 |
| State Street Corp | 101,340,194 | 6.45% | 2026-03-31 |
| BlackRock Inc | 96,396,889 | 6.14% | 2026-03-31 |
| Vanguard Capital Management, LLC | 77,715,132 | 4.95% | 2026-03-31 |
| JPMorgan Chase & Co | 43,578,279 | 2.77% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 37,592,491 | 2.39% | 2026-08-31 |
| Vanguard 500 Index Investor | 31,845,536 | 2.03% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 30,240,801 | 1.93% | 2026-03-31 |
| Geode Capital Management, LLC | 27,702,674 | 1.76% | 2026-03-31 |
| Fisher Asset Management, LLC | 26,172,995 | 1.67% | 2026-06-30 |
| FMR Inc | 22,730,023 | 1.45% | 2026-03-31 |
| Capital Research Global Investors | 18,070,606 | 1.15% | 2026-06-30 |
| NORGES BANK | 17,984,532 | 1.15% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 17,014,757 | 1.08% | 2026-03-31 |
| Bank of America Corp | 16,326,676 | 1.04% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Morgan Stanley has delivered impressive financial momentum, generating over twenty billion dollars in net income across recent quarters. This surge was powered by a sharp rebound in institutional equity underwriting and record advisory revenues from its vast wealth management division. The transformation from an unpredictable trading broker into a stable asset manager is evident in recurring client fees, which now provide an essential cushion against market downturns. However, headline results were boosted by unusual windfalls, including major technology listings that brought tens of billions in temporary cash into workplace accounts. Furthermore, reported negative cash flows simply reflect inventory shifts in trading securities rather than corporate distress. As these one-off listing windfalls subside, recurring earnings will settle into a more moderate, sustainable compounding rhythm.
Morgan Stanley has delivered impressive financial momentum, generating over twenty billion dollars in net income across recent quarters. This surge was powered by a sharp rebound in institutional equity underwriting and record advisory revenues from its vast wealth management division. The transformation from an unpredictable trading broker into a stable asset manager is evident in recurring client fees, which now provide an essential cushion against market downturns. However, headline results were boosted by unusual windfalls, including major technology listings that brought tens of billions in temporary cash into workplace accounts. Furthermore, reported negative cash flows simply reflect inventory shifts in trading securities rather than corporate distress. As these one-off listing windfalls subside, recurring earnings will settle into a more moderate, sustainable compounding rhythm.
Revenue, Net Income, and Free Cash Flow
Latest: USD 115.0B | Max: USD 115.0B | Min: USD -36.9B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 17x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded significantly, with firm-wide operating margins approaching twenty percent and wealth management pre-tax profit margins reaching thirty percent. This margin strength reflects powerful operating leverage, as rising asset management fees outpace fixed administrative overhead and modern technology automates routine client onboarding tasks. Sustaining these peak profit margins will become more challenging over the coming years. Fierce competition for top wealth advisors keeps compensation costs high, while regulatory pressure forces the bank to pay higher yields on uninvested client cash balances. As extraordinary trading volatility cools, consolidated operating margins will likely normalize toward historical mid-cycle averages rather than continuing to expand indefinitely.
Profitability margins have expanded significantly, with firm-wide operating margins approaching twenty percent and wealth management pre-tax profit margins reaching thirty percent. This margin strength reflects powerful operating leverage, as rising asset management fees outpace fixed administrative overhead and modern technology automates routine client onboarding tasks. Sustaining these peak profit margins will become more challenging over the coming years. Fierce competition for top wealth advisors keeps compensation costs high, while regulatory pressure forces the bank to pay higher yields on uninvested client cash balances. As extraordinary trading volatility cools, consolidated operating margins will likely normalize toward historical mid-cycle averages rather than continuing to expand indefinitely.
Profitability Margins
Latest: 57.1% | Max: 97.6% | Min: 10.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
57.1%
Gross profit / revenue
Operating Margin
19.1%
Operating income / revenue
Net Margin
14.7%
Net income / revenue
FCF Margin
40.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 36,029,000,000 | 5,979,000,000 | 1,171,000,000 |
| 2017-12-31 | 41,549,000,000 | 6,111,000,000 | -6,134,000,000 |
| 2018-12-31 | 47,800,000,000 | 8,748,000,000 | 5,440,000,000 |
| 2019-12-31 | 51,449,000,000 | 9,042,000,000 | 38,947,000,000 |
| 2020-12-31 | 49,677,000,000 | 10,996,000,000 | -26,675,000,000 |
| 2021-12-31 | 57,780,000,000 | 15,034,000,000 | 31,663,000,000 |
| 2022-12-31 | 62,478,000,000 | 11,029,000,000 | -9,475,000,000 |
| 2023-12-31 | 88,286,000,000 | 9,087,000,000 | -36,948,000,000 |
| 2024-12-31 | 103,145,000,000 | 13,390,000,000 | -2,100,000,000 |
| 2025-12-31 | 114,983,000,000 | 16,861,000,000 | 46,100,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 16.77 | Trailing four quarters |
| 2024-12-31 | 15.1 | Trailing four quarters |
| 2023-12-31 | 16.7 | Trailing four quarters |
| 2022-12-31 | 12.94 | Annual net income |
| 2021-12-31 | 11.65 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 90.79 | 24.56 | 16.59 | 3.25 |
| 2017-12-31 | 86.29 | 25.04 | 14.71 | -14.76 |
| 2018-12-31 | 78.9 | 23.51 | 18.3 | 11.38 |
| 2019-12-31 | 75.58 | 21.97 | 17.57 | 75.7 |
| 2020-12-31 | 90.72 | 29.02 | 22.13 | -53.7 |
| 2021-12-31 | 97.63 | 34.04 | 26.02 | 54.8 |
| 2022-12-31 | 79.92 | 22.55 | 17.65 | -15.17 |
| 2023-12-31 | 56.79 | 13.38 | 10.29 | -41.85 |
| 2024-12-31 | 55.61 | 17.06 | 12.98 | -2.04 |
| 2025-12-31 | 57.07 | 19.09 | 14.66 | 40.09 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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