Morgan Stanley (MS) operating KPIs

MSNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31Also trades as MS.PA, MS.PE, MS.PF, MS.PI, MS.PK, MS.PL, MS.PO, MS.PP, MS.PQ

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026Score 17/303% below fair value

$184.30−5.70 (-3.00%)

Close on Oct 30, 2026Market cap $289.46BP/E 14.9Yield 2.09%

KPIs

Operating metrics that drive Morgan Stanley's business · fiscal year ends December 31

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Metric	Q3 2026 2026-09-30	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31

Total client assets($M)3	8,433,000	8,084,000	7,345,000	7,381,000	7,054,000	6,492,000	6,015,000	6,194,000	5,974,000	5,690,000	5,495,000	5,129,000
Advisor-led client assets($M)	6,631,000	6,273,000	5,784,000	5,715,000	5,414,000	5,043,000	4,719,000	4,758,000	4,647,000	4,443,000	4,302,000	3,979,000
Self-directed client assets($M)	1,802,000	1,811,000	1,561,000	1,667,000	1,639,000	1,449,000	1,295,000	1,437,000	1,327,000	1,247,000	1,194,000	1,150,000
Fee-based client assets($M)1	3,155,000	3,022,000	2,792,000	2,753,000	2,653,000	2,478,000	2,349,000	2,347,000	2,302,000	2,188,000	2,124,000	1,983,000
As % of advisor-led client assets (company-stated)(%)	48.0%	48.0%	48.0%	48.0%	49.0%	49.0%	50.0%	49.0%	50.0%	49.0%	49.0%	50.0%
Net new assets($M)1	232,400	148,100	118,400	122,300	81,000	59,200	93,800	56,500	63,900	36,400	94,900	47,500
Fee-based asset flows($M)	80,500	39,100	53,700	45,600	41,900	42,800	29,800	35,200	35,700	26,000	26,200	41,600
Self-directed (E*TRADE) and workplace4
Daily average revenue trades (DARTs)	1,097,000	1,278,000	1,128,000	1,116,000	1,012,000	983,000	1,003,000	911,000	815,000	781,000	841,000	705,000
Self-directed households(M)	8.80	8.70	8.60	8.50	8.40	8.40	8.30	8.30	8.20	8.20	8.10	8.10
Stock plan participants(M)	6.70	6.60	6.60	6.50	6.60	6.70	6.70	6.60	6.70	6.60	6.60	6.60
Stock plan unvested assets (not included in client assets)($M)	638,000	658,000	475,000	534,000	534,000	491,000	431,000	475,000	461,000	452,000	457,000	416,000
Fee-based assets by program (10-Q / 10-K)8
Advisor($M)		248,000	224,000	229,000	225,000	214,000	201,000	207,000	209,000	199,000	198,000	188,000
Portfolio manager($M)		934,000	852,000	861,000	842,000	793,000	743,000	750,000	745,000	704,000	688,000	645,000
Separately managed($M)		883,000	873,000	833,000	788,000	728,000	722,000	719,000	683,000	663,000	631,000	589,000
Unified managed($M)		847,000	767,000	760,000	732,000	680,000	623,000	613,000	605,000	561,000	545,000	501,000
Cash management($M)		110,000	76,000	70,000	66,000	63,000	60,000	58,000	60,000	61,000	62,000	60,000
Fee-based inflows($M)		207,000	165,000		123,000	121,000	108,000		105,000	113,000	100,000
Fee-based outflows($M)		-134,000	-105,000		-78,000	-75,000	-77,000		-70,000	-88,000	-72,000
Market impact($M)		157,000	-21,000		130,000	83,000	-29,000		79,000	39,000	113,000
Average fee rate by program (bps, 10-Q / 10-K)6
Total fee-based(bps)		61	62		63	62	63		63	63	63
Advisor(bps)		75	76		78	78	79		80	79	79
Portfolio manager(bps)		87	87		88	88	88		89	89	90
Separately managed(bps)		12	12		12	12	12		12	12	12
Unified managed(bps)		89	89		90	90	90		91	91	91
Cash management(bps)		5	6		6	6	7		7	6	6

Wealth Management loans($M)4	201,100	195,700	186,300	181,300	173,900	168,900	162,500	159,500	155,300	150,900	147,400	146,500
Securities-based lending and other($M)	123,800	120,200	112,900	109,000	103,100	99,800	95,000	92,900	90,400	87,800	86,100	86,200
Residential real estate($M)	77,300	75,500	73,400	72,300	70,800	69,100	67,500	66,600	64,900	63,100	61,300	60,300
Margin and other lending (broker-dealer)($M)	37,100	36,200	33,200	31,200	27,900	25,900	28,300	28,300	25,700	25,500	23,400	21,400
Loans and lending commitments($M)	222,800	216,600	206,900	201,600	192,300	188,400	181,900	178,800	173,700	169,900	166,300	166,100
Wealth Management deposits($M)4	465,000	436,000	419,000	408,000	398,000	383,000	375,000	370,000	358,000	343,000	347,000	346,000
Brokerage sweep deposits($M)	147,000	146,000	144,000	142,000	136,000	133,000	136,000	140,000	131,000	129,000	139,000	145,000
Other deposits (savings, time and other)($M)	318,000	290,000	275,000	266,000	262,000	250,000	239,000	230,000	227,000	214,000	208,000	201,000
Average cost of deposits, period average(%)	2.7%	2.5%	2.5%	2.7%	2.9%	2.8%	2.8%	2.9%	3.2%	3.0%	2.9%	2.9%
Cost of deposits, period end(%)	2.9%	2.6%	2.5%	2.5%	2.7%	2.8%	2.8%	2.7%	3.0%	3.1%	3.0%	2.9%
Wealth Management NII sensitivity, next 12 months (10-Q / 10-K)4
+100 bps parallel shift($M)		202	198	209	188	222	285	350	328	462	561	585
−100 bps parallel shift($M)		-224	-229	-244	-228	-251	-313	-371	-392	-494	-590	-609
+200 bps($M)		413	408	410	364	438	563	699	620	869	1,071	1,127
−200 bps($M)		-515	-502	-542	-517	-567	-697	-803	-829	-1,048	-1,235	-1,255

Assets under management or supervision($M)3	2,046,000	2,004,000	1,868,000	1,895,000	1,807,000	1,713,000	1,647,000	1,666,000	1,598,000	1,518,000	1,505,000	1,459,000
Long-term AUM($M)3	1,326,000	1,316,000	1,210,000	1,246,000	1,230,000	1,169,000	1,086,000	1,097,000	1,095,000	1,035,000	1,027,000	974,000
Equity($M)	224,000	235,000	221,000	253,000	270,000	271,000	250,000	312,000	316,000	301,000	310,000	295,000
Fixed income($M)	232,000	229,000	219,000	217,000	208,000	198,000	186,000	192,000	188,000	176,000	174,000	171,000
Alternatives and solutions($M)	870,000	852,000	770,000	776,000	752,000	700,000	650,000	593,000	591,000	558,000	543,000	508,000
Liquidity and overlay services($M)	720,000	688,000	658,000	649,000	577,000	544,000	561,000	569,000	503,000	483,000	478,000	485,000
Of which Parametric customized portfolios (10-Q / 10-K)($M)		592,000	524,000	524,000		466,000	424,000	423,000				336,000
Net flows($M)2	44,300	34,500	11,600	77,800	47,200	-10,500	-6,800	71,100	16,600	100	-5,300	-13,700
Long-term net flows($M)3	15,800	7,500	3,300	7,400	17,900	12,200	8,600	4,300	7,300	-1,200	7,600	-7,100
Equity($M)	-9,400	-12,500	-11,600	-9,800	-6,200	-2,900	-4,000	-6,700	-5,600	-9,200	-5,500	-6,500
Fixed income($M)	10,000	7,300	4,300	7,800	7,500	7,000	4,100	8,000	4,400	1,000	2,800	-200
Alternatives and solutions($M)	15,200	12,700	10,600	9,400	16,600	8,100	8,500	3,000	8,500	7,000	10,300	-400
Liquidity and overlay services($M)	28,500	27,000	8,300	70,400	29,300	-22,700	-15,400	66,800	9,300	1,300	-12,900	-6,600
Average AUM and fee rate by asset class (10-Q / 10-K)6
Average AUM($M)		1,952,000	1,904,000	1,853,000	1,758,000	1,672,000	1,669,000		1,555,000	1,498,000	1,479,000
Fee rate, equity (bps)(bps)		69	70	70	72	71	73		70	70	71
Fee rate, fixed income (bps)(bps)		34	34	34	34	35	35		37	36	36
Fee rate, alternatives and solutions (bps)(bps)		28	29	29	30	30	31		28	29	29
Fee rate, long-term AUM (bps)(bps)		36	38	39	40	40	42		41	42	43
Fee rate, liquidity and overlay (bps)(bps)		12	12	12	12	13	13		12	12	13
Unrealized carried interest at risk of reversal (10-Q / 10-K)($M)		952	942	926	924	890	855	796	812	799	770	787
Fee waivers (10-Q / 10-K)($M)		36	34		29	30	30		25	25	24

Investment banking revenue($M)3	2,159	2,437	2,116	2,412	2,108	1,540	1,559	1,641	1,463	1,619	1,447	1,318
Advisory($M)	887	798	978	1,133	684	508	563	779	546	592	461	702
Equity underwriting($M)	525	851	396	494	652	500	319	455	362	352	430	225
Fixed income underwriting($M)	747	788	742	785	772	532	677	407	555	675	556	391
Equity sales and trading($M)	5,799	6,300	5,148	3,666	4,116	3,721	4,128	3,325	3,045	3,018	2,842	2,202
Fixed income sales and trading($M)	2,011	2,455	3,358	1,763	2,169	2,180	2,604	1,931	2,003	1,999	2,485	1,434
Trading revenues by product, firm-wide (10-Q / 10-K)5
Interest rate($M)		1,036	926		1,039	1,036	1,373		1,450	1,495	1,826
Credit($M)		-403	53		-350	-380	-241		-351	-437	-145
Foreign exchange($M)		587	673		303	556	628		352	269	272
Equity($M)		5,143	3,967		3,225	2,987	3,027		2,100	2,323	2,304
Commodity and other($M)		360	1,111		803	546	324		451	481	595
Trading VaR, average daily 95% one-day($M)8	61	56	53	51	59	50	50	46	46	48	54	46
Total management VaR, quarterly average (10-Q / 10-K)($M)		56	53	51	59	50	50	46	46	48	54	46
Interest rate and credit spread($M)		33	32	27	32	30	30	28	27	28	40	31
Equity price($M)		31	34	33	38	27	23	24	22	25	21	22
Foreign exchange rate($M)		11	11	9	12	14	11	9	11	10	9	7
Commodity price($M)		24	18	14	17	16	17	15	14	17	13	13
Credit portfolio($M)		19	16	17	19	18	19	21	25	24	24	22
Quarter high (total)($M)		66	74	57	64	63	60	64	53	66	62	54
Quarter low (total)($M)		51	43	40	53	38	43	39	41	44	43	41
Institutional Securities loans($M)6	126,900	119,600	119,500	107,700	103,400	98,400	96,200	87,100	84,000	86,300	79,300	79,800
Corporate($M)	23,000	19,600	23,200	14,200	15,900	15,100	19,500	15,900	15,200	17,700	16,600	18,400
Secured lending facilities($M)	77,300	75,200	72,200	70,800	66,100	62,400	54,900	51,200	49,200	48,300	42,100	42,500
Commercial and residential real estate($M)	14,500	14,200	13,900	12,000	12,200	12,100	11,900	11,100	11,800	12,600	12,900	11,700
Securities-based lending and other($M)	12,100	10,600	10,200	10,700	9,200	8,800	9,900	8,900	7,800	7,700	7,700	7,200
Lending commitments($M)	225,100	205,500	188,400	188,900	183,700	165,400	160,700	157,200	151,900	141,100	138,800	130,400
Loans and lending commitments($M)	352,000	325,100	307,900	296,600	287,100	263,800	256,900	244,300	235,900	227,400	218,100	210,200

Loans held for investment, gross($M)5	298,452	290,563	277,854	269,849	257,076	246,921	233,921	226,896	219,112	214,135	204,931	204,550
Corporate($M)	9,829	8,955	8,911	7,277	7,839	7,685	7,733	6,889	6,304	6,764	7,171	6,758
Secured lending facilities($M)	75,342	73,537	70,033	69,149	63,610	58,468	51,329	48,842	45,728	44,869	38,692	39,498
Commercial real estate($M)	7,059	7,878	8,300	8,039	7,853	8,168	8,610	8,412	8,688	8,804	8,689	8,678
Wealth Management($M)	201,397	196,030	186,523	181,604	174,288	169,349	162,877	159,877	155,573	151,215	147,692	146,798
Other($M)	4,825	4,163	4,087	3,780	3,486	3,251	3,372	2,876	2,819	2,483	2,687	2,818
Allowance for credit losses on loans held for investment($M)4	1,244	1,248	1,174	1,132	1,213	1,271	1,133	1,066	1,104	1,175	1,141	1,169
As % of loans (company-stated)(%)	0.4%	0.4%	0.4%	0.4%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.6%	0.6%
Commercial real estate($M)1	294	312	328	283	364	398	379	373	411	469	461	463
As % of CRE loans(%)	4.2%	4.0%	4.0%	3.5%	4.6%	4.9%	4.4%	4.4%	4.7%	5.3%	5.3%	5.3%
Corporate($M)	265	279	240	260	239	271	205	200	227	241	241	241
Wealth Management($M)	390	388	365	368	391	406	380	336	322	310	289	295
Provision for credit losses, loans held for investment($M)1	103	110	82	5	6	138	81	65	18	85	-22	26
Commercial real estate($M)	26	-10	56	-8	3	28	24	33	-2	45	1	52
Net charge-offs (negative = charge-off, as shown in the Supplement)($M)2	-106	-33	-37	-87	-63	-19	-23	-87	-98	-50	0	-25
Institutional Securities($M)	-105	-33	-27	-87	-46	-19	-23	-62	-100	-48	0	-24
Wealth Management($M)	-1	0	-10	0	-17	0	0	-25	2	-2	0	-1
Lending commitments, gross($M)1	246,765	226,433	208,973	209,205	202,141	184,826	180,060	176,206	170,301	160,128	157,686	149,973
Allowance for credit losses on commitments($M)	824	792	807	798	784	790	718	656	619	555	565	551
Loans held at fair value($M)1	14,274	12,905	11,884	10,853	9,962	9,393	9,815	8,461	8,383	8,972	9,464	7,733
Loans held for sale($M)	16,508	13,057	17,231	9,435	11,433	12,332	16,111	12,319	12,862	15,283	13,426	15,255

Common equity tier 1 ratio, standardized(%)7	14.9%	14.9%	15.1%	15.0%	15.1%	15.0%	15.3%	15.9%	15.1%	15.2%	15.0%	15.2%
Advanced approach(%)	16.3%	16.2%	16.1%	16.2%	15.7%	15.7%	15.7%	15.7%	14.9%	15.5%	15.4%	15.5%
Tier 1 ratio, standardized(%)	16.6%	16.5%	16.9%	16.8%	16.9%	16.9%	17.2%	18.0%	17.1%	17.1%	16.9%	17.1%
Tier 1 leverage ratio(%)	5.9%	6.0%	6.1%	6.7%	6.8%	6.8%	6.9%	6.9%	6.9%	6.8%	6.7%	6.7%
Supplementary leverage ratio(%)	4.8%	4.9%	5.0%	5.4%	5.5%	5.5%	5.6%	5.6%	5.5%	5.5%	5.4%	5.5%
Common equity tier 1 capital($M)	88,800	87,600	84,500	83,200	81,300	78,700	77,000	75,100	73,900	71,800	70,300	69,400
Risk-weighted assets, standardized($M)	595,800	589,400	559,100	552,500	539,300	523,300	502,600	471,800	490,300	472,100	467,800	456,100
Risk-weighted assets, advanced($M)	545,700	539,800	524,200	514,200	518,000	502,600	489,300	477,300	495,000	464,600	456,500	448,200
External TLAC (10-Q / 10-K)($M)3		309,006	300,978	284,259	275,931	281,648	268,879	266,146	265,787	261,207	257,108	250,914
As % of RWA(%)		52.4%	53.8%	51.4%	51.2%	53.8%	53.5%	55.8%	53.7%	55.3%	55.0%	55.0%
As % of leverage exposure(%)		15.7%	16.0%	16.5%	16.6%	17.4%	17.3%	17.5%	17.5%	17.7%	17.6%	17.6%
Eligible long-term debt($M)		204,872	199,533	181,401	172,554	178,832	169,619	169,690	170,779	170,840	167,788	162,547
Average liquidity resources($M)4	439,909	404,077	395,141	385,884	368,090	363,389	351,740	345,440	342,620	319,580	318,664	314,504
Total liquidity resources, period end (10-Q / 10-K)($M)		404,077	395,141	385,884	368,090	363,389	351,740	345,440	342,620	319,580	318,664	314,504
Liquidity coverage ratio, average (10-Q / 10-K)(%)		129.0%	130.0%	134.0%	129.0%	134.0%	130.0%	130.0%	134.0%	131.0%	125.0%	129.0%
Eligible HQLA (10-Q / 10-K)($M)		319,165	302,433	295,118	286,772	293,236	275,557	267,230	275,116	259,568	251,040	253,017
Net stable funding ratio (10-Q / 10-K)(%)		116.0%	118.0%	121.0%	120.0%	122.0%	120.0%	122.0%	122.0%	120.0%	120.0%	120.0%
Deposits by type (10-Q / 10-K)($M)5		446,068	427,971	415,523	405,480	389,377	381,563	376,007	363,722	348,890	352,494	351,804
Brokerage sweep deposits($M)		148,859	146,459	145,237	139,122	135,361	138,013	142,550	133,795	130,771	141,996	148,274
Savings and other($M)		179,693	172,386	170,646	167,986	165,185	163,877	157,348	152,054	146,627	146,457	139,978
Time deposits($M)		117,516	109,126	99,640	98,372	88,831	79,673	76,109	77,873	71,492	64,041	63,552
FDIC-insured($M)		349,061	338,444	331,322	323,552	313,140	304,589	298,351	290,565	278,178	276,557	276,598
Uninsured (estimated)($M)		97,007	89,527	84,201	81,928	76,237	76,974	77,656	73,157	70,712	75,937	75,206
Repurchase agreements and securities loaned, quarterly average (10-Q / 10-K)($M)1		128,329	156,923	90,397	86,354	90,283	84,782	74,949	84,632	90,788	97,495	87,285
Reverse repos and securities borrowed, quarterly average($M)		297,500	285,578	255,202	252,101	265,507	237,750	250,354	251,448	233,824	228,978	235,928
Long-term debt maturing within 12 months($M)	29,395	34,304	27,384	26,236	25,439	23,784	22,963	21,924	25,097	18,797	19,701	20,151
U.S. bank subsidiaries: total assets($M)3	654,055	613,172	591,750	598,668	582,532	568,674	549,594	434,812	420,923	400,140	400,856	396,111
Loans($M)	312,195	302,171	293,731	278,352	264,933	253,578	246,221	232,903	224,276	220,900	211,290	212,207
Deposits($M)	466,897	436,497	420,104	408,703	398,370	382,633	375,499	369,730	357,548	342,900	346,609	346,103
Investment securities($M)	120,097	122,347	129,434	132,611	132,627	131,802	125,421	124,343	124,551	119,197	115,951	118,008

Return on average tangible common equity (ROTCE)(%)3	22.6%	26.6%	27.1%	21.8%	23.5%	18.2%	23.0%	20.2%	17.5%	17.5%	19.7%	8.4%
Institutional Securities(%)	21.0%	26.0%	27.0%	16.0%	20.0%	12.0%	20.0%	16.0%	12.0%	13.0%	15.0%	2.0%
Wealth Management(%)	53.0%	53.0%	52.0%	48.0%	45.0%	41.0%	37.0%	38.0%	39.0%	35.0%	35.0%	27.0%
Investment Management(%)	99.0%	159.0%	126.0%	138.0%	105.0%	97.0%	104.0%	109.0%	68.0%	58.0%	68.0%	110.0%
Expense efficiency ratio(%)	67.0%	65.0%	65.0%	68.0%	67.0%	71.0%	68.0%	69.0%	72.0%	72.0%	71.0%	84.0%
Wealth Management pre-tax margin(%)	30.0%	30.0%	30.0%	31.0%	30.0%	28.0%	27.0%	27.0%	28.0%	27.0%	26.0%	21.0%
Average common equity allocated($M)4	106,900	104,900	102,900	100,900	98,700	97,500	95,500	93,900	92,700	90,600	89,900	89,900
Institutional Securities($M)	48,200	48,200	48,200	48,400	48,400	48,400	48,400	45,000	45,000	45,000	45,000	45,600
Wealth Management($M)	28,700	28,700	28,700	29,400	29,400	29,400	29,400	29,100	29,100	29,100	29,100	28,800
Investment Management($M)	10,200	10,200	10,200	10,600	10,600	10,600	10,600	10,800	10,800	10,800	10,800	10,400
Parent($M)	19,800	17,800	15,800	12,500	10,300	9,100	7,100	9,000	7,800	5,700	5,000	5,100
Tangible book value per share($)	53.96	53.18	51.58	50	48.64	47.25	46.08	44.57	43.76	42.30	41.07	40.89
Worldwide employees	83,728	82,944	83,922	82,992	82,398	80,393	81,023	80,478	80,205	79,066	79,610	80,006

Morgan Stanley Bank, N.A.: total assets (Call Report)($M)11		419,318	391,305	253,348	249,681	239,249	234,481	230,712	224,864	211,521	212,723	209,006
Loans, gross($M)		115,123	113,753	101,868	101,821	95,359	93,585	84,961	81,846	83,045	77,122	79,621
Deposits($M)		278,937	254,345	205,145	201,602	192,903	187,089	187,093	180,157	172,199	175,919	175,907
Securities($M)		82,556	88,076	90,056	88,654	85,646	82,972	82,207	80,319	75,221	71,141	71,940
Unused commitments($M)		260,981	251,917	127,748	123,476	119,387	116,928	115,283	111,319	105,869	110,293	100,272
Net interest income($M)		1,258	1,268	1,101	1,147	1,169	1,109	1,203	1,273	1,311	1,259	1,247
Net income($M)		1,437	1,326	1,129	1,084	1,168	1,116	1,146	1,092	1,211	1,260	984
Net charge-offs($M)		15	29	85	38	19	23	62	95	48	0	19
Tier 1 capital($M)		41,091	42,136	25,545	25,948	24,638	23,477	22,165	24,752	23,263	23,127	21,925
Tier 1 leverage ratio(%)		10.4%	11.0%	10.1%	10.5%	10.4%	10.1%	9.7%	11.3%	11.2%	10.9%	10.6%
CET1 ratio(%)		18.3%	19.5%	20.3%	19.8%	20.5%	20.6%	20.1%	23.0%	22.2%	22.5%	21.7%
Employees (FTE)		1,282	1,311	282	270	268	271	281	281	290	306	309
Morgan Stanley Private Bank, N.A.: total assets (Call Report)($M)11		250,425	241,388	254,706	240,201	235,034	223,785	221,306	210,223	207,569	202,824	203,313
Loans, gross($M)		187,256	178,309	174,390	161,237	156,230	149,993	146,778	142,791	138,319	134,763	133,628
Deposits($M)		211,668	205,802	222,599	213,792	212,449	203,572	199,211	190,353	188,563	184,259	185,329
Securities($M)		39,792	41,358	42,554	43,974	46,156	42,449	42,137	44,233	43,976	44,810	46,068
Unused commitments($M)		20,270	17,217	17,543	15,945	16,952	16,838	18,665	15,786	16,302	16,271	16,935
Net interest income($M)		1,093	1,121	1,109	987	958	938	894	814	852	835	857
Net income($M)		681	741	741	657	616	568	519	508	518	511	384
Net charge-offs($M)		0	9	0	16	0	0	25	0	2	0	1
Tier 1 capital($M)		16,645	18,052	17,298	17,613	16,879	17,318	16,672	17,177	16,541	15,978	15,388
Tier 1 leverage ratio(%)		6.7%	7.0%	7.0%	7.6%	7.5%	7.9%	7.7%	8.3%	8.1%	7.8%	7.5%
CET1 ratio(%)		25.0%	27.1%	26.1%	26.8%	25.7%	26.5%	26.1%	27.3%	26.9%	26.4%	25.8%
Employees (FTE)		1,238	1,308	1,302	1,306	1,299	1,359	1,276	1,250	1,241	1,229	1,271
Morgan Stanley & Co. LLC: regulatory net capital (10-Q / 10-K)($M)1		26,696	19,088	19,272	18,526	17,563	18,353	18,483	17,160	18,298	18,628	18,121
Excess net capital($M)		20,920	13,283	13,905	13,135	12,217	13,595	13,883	12,342	13,791	14,145	13,676

U.S. broker-dealers: total financial assets (Fed Z.1)($M)2		7,241,800	6,689,100	6,275,500	6,128,000	6,018,000	5,758,900	5,269,600	5,508,300	5,169,400	5,145,000	4,875,800
Customer margin loans($M)		742,300	622,200	609,700	566,100	506,400	476,900	485,500	451,500	451,000	433,800	397,900
Money market fund assets($M)		8,441,400	8,289,600	8,190,200	7,774,100	7,481,200	7,397,900	7,243,200	6,839,100	6,548,400	6,440,700	6,357,600

Net revenues($M)3		21,348	20,580	17,890	18,224	16,792	17,739	16,223	15,383	15,019	15,136	12,896
Institutional Securities($M)		11,040	10,721	7,931	8,523	7,643	8,983	7,267	6,815	6,982	7,016	4,940
Wealth Management($M)3		8,856	8,519	8,429	8,234	7,764	7,327	7,478	7,270	6,792	6,880	6,645
Asset management revenue (Supplement)($M)	5,544	5,261	5,079	5,031	4,789	4,411	4,396	4,417	4,266	3,989	3,829	3,556
Transactional revenue (Supplement)($M)	1,166	1,167	1,127	1,143	1,308	1,264	873	973	1,076	782	1,033	1,088
Net interest income (Supplement)($M)	2,228	2,254	2,170	2,108	1,991	1,910	1,902	1,885	1,774	1,798	1,856	1,852
Investment Management($M)2		1,646	1,535	1,720	1,651	1,552	1,602	1,643	1,455	1,386	1,377	1,464
Asset management and related fees (Supplement)($M)	1,565	1,516	1,496	1,649	1,534	1,434	1,451	1,555	1,384	1,342	1,346	1,403
Performance-based income and other (Supplement)($M)	-106	130	39	71	117	118	151	88	71	44	31	61
Pre-tax income($M)3		7,348	7,011	5,760	6,028	4,622	5,544	4,906	4,221	4,074	4,395	2,096
Institutional Securities($M)		4,262	4,161	2,663	3,182	2,111	3,281	2,441	1,911	2,046	2,351	408
Wealth Management($M)		2,697	2,591	2,643	2,499	2,200	1,951	2,053	2,060	1,821	1,806	1,428
Investment Management($M)		404	280	468	364	323	323	414	260	222	241	265
Net income applicable to Morgan Stanley($M)		5,581	5,567	4,397	4,610	3,539	4,315	3,714	3,188	3,076	3,412	1,517

1 metric has no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Fiscal year = calendar year. The Financial Supplement (8-K, mid-October) runs through Q3 2026; rows marked '10-Q / 10-K', Call Report and Fed Z.1 rows run through Q2 2026 (the Q3 10-Q is filed in early November).
Series that the company reports only for Q1–Q3 in the 10-Q plus the full year in the 10-K are checked for continuity on the last three non-Q4 quarters plus the full year in between.
All cells are published figures; no calculated values are shown. Consolidated − parent carve-outs are not applicable (the parent is a holding company); subsidiaries' own reports are shown instead.

Data updated 2026-10-25.

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Morgan Stanley (MS) operating KPIs

KPIs

Every KPI on its own page

Wealth Management: client assets and flows (key metric)

Wealth Management: lending and deposits

Investment Management: assets under management and flows

Institutional Securities: business lines, trading risk and lending

Loans held for investment: credit quality

Capital, liquidity and funding

Company-reported returns and efficiency

Subsidiaries (self-reported: Call Reports, SEC net capital, UK annual reports)

Parent company (Schedule I, 10-K)

Markets and the U.S. broker-dealer industry (FRED, Federal Reserve Z.1)

Financial and segment context (from the database)