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MS · Q2 2026
Archived report (Q2 2026). Latest deep dive →
US GAAP · $M · vs Q2 2025 · reported 07/15/2026
MS — Morgan Stanley is a global financial services firm offering investment banking, securities, wealth management, and investment management.
More about the company
It is headquartered in New York City.
All figures in $M.
Revenue
$21,348
+27.1%
Net income
$5,581
+57.7%
EPS diluted $3.46 · ROTCE 26.6%
Verdict: a record quarter — net revenues up 27% y/y to $21.3B and net income applicable to Morgan Stanley up 58% to $5.6B ($3.46 per share), driven by a 44% surge in Institutional Securities (record Equity revenue, Investment Banking +58%) and 14% growth in Wealth Management with a record $148B of net new assets, while non-interest expenses grew 16%, lifting the pre-tax margin to 34% and ROTCE to 26.6%.
Diluted EPS $3.46 (+62%); ROE 20.7% / ROTCE 26.6%; Standardized CET1 ratio 14.8%; buyback $1.5B and a new multi-year repurchase program of up to $20B; quarterly dividend raised to $1.15/share; Wealth Management net new assets of $148B; book value per share $67.80.
Source and notation
* marks non-cash / ≈ estimated. Source: Morgan Stanley earnings release and financial supplement (SEC EDGAR).
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How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report; the short company description was also written by our model. Figures checked against the filing on 09/30/2026. How we make the breakdowns · Report an error
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