Morgan Stanley
MS NYSE· Investment Banking & Brokerage
Last close · Oct 26, 2026
$183.49
KIRA · Stoqly’s AI analyst, in plain words
- Morgan Stanley had $70.6B of revenue in fiscal 2025, up 14.4% on the year before. Over five years, revenue changed +7.7% a year on average.
- Morgan Stanley made $16.9B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 14.9% a year.
- Morgan Stanley returned $6.6B to shareholders in fiscal 2025. The diluted share count fell 1.2%.
- It earned 15.6% on shareholders’ money. Running costs took 68.4% of revenue (the efficiency ratio; lower is better).
Market cap
$292.1B
P/E
14.8x
Revenue
$70.6B
Net income
$16.9B
Return on equity
15.6%
Efficiency ratio
68.4%
Morgan Stanley in 30 seconds · fiscal 2025
Are sales growing?
+14.4%
Yes. Sales grew 14.4% last year.
Does it make a profit?
23.9%
Yes. It keeps 23.9% of every sale as profit.
How lean are its costs?
68.4%
Costly. Running costs take 68.4% of revenue.
How much does it earn on its capital?
15.6%
Good. It earns 15.6% a year on shareholders’ money.
How is the share priced?
14.8x
One share costs 14.8 times its yearly profit per share. Typical for its sector: 13.7x.
What Morgan Stanley does
Morgan Stanley is an investment bank and wealth manager that serves companies, governments, financial institutions and individual investors in the United States and around the world. It advises on mergers and other deals, helps clients raise money, trades stocks and bonds, manages people's savings and investments, and lends to clients. It is regulated by the Federal Reserve as a bank holding company. Its net revenues were $70.6 billion in 2025. Morgan Stanley reports three segments. Institutional Securities, its investment banking, trading and lending business for large clients, had net revenues of $33.1 billion. Wealth Management, which serves individuals through financial advisors, a self-directed online brokerage and workplace services such as stock plan administration, mainly in the United States, had $31.8 billion; it earns fees on client assets, trading commissions and interest on loans and deposits.
Biggest risks, in its own words
- Market swings and economic conditions that could cut its trading, deal-making and wealth management results.
- Losses if borrowers or trading partners fail to pay, or from large concentrated positions.
- Its reliance on outside funding, which depends on its credit ratings and on market conditions.
- Extensive and changing regulation, lawsuits and investigations that could limit its business or bring penalties.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- MORGAN STANLEY
- CIK
- 0000895421
Morgan Stanley · MS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $59.8B | $53.7B | $54.1B | $61.8B | $70.6B |
| Revenue growth | 22.6% | −10.2% | 0.9% | 14.1% | 14.4% |
| Net interest income | $8.0B | $9.3B | $8.2B | $8.6B | $10.0B |
| Net income | $15.0B | $11.0B | $9.1B | $13.4B | $16.9B |
| Net margin | 25.2% | 20.6% | 16.8% | 21.7% | 23.9% |
| Diluted EPS | $8.03 | $6.15 | $5.18 | $7.95 | $10.21 |
| Cash | |||||
| Dividends paid | $4.2B | $5.4B | $5.8B | $6.1B | $6.6B |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 11.7% | −5.6% | −3.9% | −2.1% | −1.2% |
| Debt and strength | |||||
| Loans, net | $174.3B | $199.0B | $203.4B | $225.8B | $268.7B |
| Deposits | $347.6B | $356.6B | $351.8B | $376.0B | $415.5B |
| Shareholders' equity | $105.4B | $100.1B | $99.0B | $104.5B | $111.6B |
| Returns and quality | |||||
| Return on equity | 14.5% | 10.7% | 9.1% | 13.2% | 15.6% |
| Return on tangible equity | 17.6% | 13.5% | 11.3% | 16.3% | 19.1% |
| Efficiency ratio | 67.1% | 73.2% | 77.2% | 71.1% | 68.4% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$68.2M
9 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Morgan Stanley · MS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Net margin | ROE | P/E | F-score |
|---|---|---|---|---|---|---|
| Morgan Stanley MS | $292.1B | 14.4% | 23.9% | 15.6% | 14.8x | — |
| Goldman Sachs GS | $283.7B | 8.9% | 29.5% | 13.9% | 13.8x | — |
| Charles Schwab SCHW | $162.3B | 22.0% | 37.0% | 18.1% | 16.3x | — |
| Raymond James Financial RJF | $32.7B | 6.6% | 13.4% | 17.7% | 13.8x | — |
| Stifel SF | $7.3B | 6.7% | 10.8% | 11.7% | 11.9x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $183.49 a share, the company is worth $292.1B: 14.8 times its earnings of the last four quarters.
Morgan Stanley grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 3 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000895421). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.