MS financials
Morgan Stanley · end-of-day data as of Oct 16, 2026
Morgan Stanley
$180.57-15.3%
Hold · 26 analystsPT $211.17 +16.9%
MS reported revenue of $33.28B for the quarter ended Sep 30, 2026 (Q3 FY2026), up 10.7% from a year earlier. It posted diluted EPS of $3.03 and a net margin of 14.8%.
Valuation
- P/E14.4x
- P/E vs own-10.4%
- P/E vs sector+1.4%
- FCF yield—
- Market cap$285B
Quarterly results
Q3 FY2026: Revenue +10.7% year over year, operating margin 19.5%.
RevenueFree cash flow
| Q3 FY2026 | Sep 30, 2026 | $33.28B | 3.03 | — | 60.7% | 19.5% | 14.8% |
| Q2 FY2026 | Jun 30, 2026 | $34.47B | 3.41 | -$3.57B | 61.6% | 21.5% | 16.2% |
| Q1 FY2026 | Mar 31, 2026 | $33.15B | 3.40 | -$7.85B | 61.8% | 21.1% | 17.0% |
| Q4 FY2025 | Dec 31, 2025 | $28.86B | 2.67 | -$221M | 58.0% | 20.0% | 15.2% |
| Q3 FY2025 | Sep 30, 2025 | $30.05B | 2.80 | -$4.04B | 56.9% | 20.1% | 15.3% |
| Q2 FY2025 | Jun 30, 2025 | $28.16B | 2.13 | $11.07B | 54.7% | 16.4% | 12.6% |
| Q1 FY2025 | Mar 31, 2025 | $27.91B | 2.60 | -$24.69B | 58.7% | 19.9% | 15.5% |
| Q4 FY2024 | Dec 31, 2024 | $25.98B | 2.22 | $10.92B | 57.5% | 18.9% | 14.3% |
| Q3 FY2024 | Sep 30, 2024 | $26.33B | 1.88 | -$18.24B | 54.2% | 16.0% | 12.1% |
| Q2 FY2024 | Jun 30, 2024 | $25.49B | 1.82 | $1.67B | 54.7% | 16.0% | 12.1% |
| Q1 FY2024 | Mar 31, 2024 | $25.35B | 2.02 | $3.54B | 56.1% | 17.3% | 13.5% |
| Q4 FY2023 | Dec 31, 2023 | $24.19B | 0.85 | -$18.68B | 49.7% | 8.7% | 6.3% |