Financial Statements — MS
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 133.53 | 103.73 | 109.13 | 90.74 | 91.08 | 90.16 | 102.31 | 108.40 | 104.99 | 111.26 | 111.70 | 131.29 | 136.09 | 123.86 | 126.48 | 118.12 |
| Net Loans & Leases | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 160.19 | 154.35 | 143.64 |
| Total Assets | 1,581.42 | 1,364.81 | 1,353.87 | 1,300.30 | 1,258.03 | 1,212.45 | 1,228.50 | 1,169.01 | 1,164.91 | 1,199.90 | 1,160.03 | 1,173.78 | 1,222.23 | 1,190.48 | 1,161.81 | 1,158.77 |
| Total Deposits | 427.97 | 405.48 | 389.38 | 381.56 | 363.72 | 348.89 | 352.49 | 345.46 | 348.51 | 347.52 | 338.12 | 347.15 | 360.84 | 329.04 | 320.36 | 323.14 |
| Long-term Debt | 363.01 | 324.13 | 320.13 | 297.00 | 291.22 | 269.90 | 266.15 | 242.84 | 243.82 | 245.60 | 216.36 | 221.98 | 225.67 | 224.94 | 218.60 | 208.27 |
| Total Liabilities | 1,466.03 | 1,253.76 | 1,244.60 | 1,192.45 | 1,153.36 | 1,110.84 | 1,128.36 | 1,068.86 | 1,063.55 | 1,097.95 | 1,057.94 | 1,071.11 | 1,118.16 | 1,083.36 | 1,053.64 | 1,051.18 |
| Retained Earnings | 118.91 | 112.43 | 109.57 | 107.65 | 102.91 | 101.37 | 99.81 | 98.01 | 97.15 | 96.39 | 94.06 | 92.89 | 91.72 | 87.10 | 84.79 | 82.03 |
| Total Stockholder Equity | 114.29 | 109.96 | 108.18 | 106.81 | 103.65 | 100.71 | 99.20 | 99.21 | 100.39 | 100.83 | 101.01 | 101.60 | 102.90 | 105.90 | 106.87 | 106.26 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Interest & Dividend Income | 15.27 | 14.95 | 15.46 | 14.91 | 13.75 | 13.49 | 14.19 | 13.53 | 12.93 | 14.06 | 13.31 | 12.05 | 10.87 | 9.23 | 6.10 | 3.61 | 2.65 | 2.41 | 2.35 | 2.21 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 11.13 | 12.16 | 11.33 | 10.04 | 8.52 | 6.91 | 3.59 | 1.33 | 0.43 | 0.32 | 0.29 | 0.35 |
| Net Interest Income | 2.70 | 2.86 | 2.49 | 2.35 | 2.35 | 2.55 | 2.20 | 2.07 | 1.80 | 1.90 | 1.98 | 2.01 | 2.35 | 2.32 | 2.51 | 2.28 | 2.22 | 2.09 | 2.06 | 1.87 |
| Provision for Credit Losses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | -- | 0.01 | 0.02 |
| Non-interest Income | 17.88 | 15.04 | 15.73 | 14.45 | 15.39 | 13.67 | 13.19 | 12.95 | 13.34 | 11.00 | 11.30 | 11.45 | 12.17 | 10.43 | 10.48 | 10.85 | 12.59 | 12.44 | 12.69 | 12.89 |
| Non-interest Expense | 13.47 | 12.11 | 12.20 | 11.97 | 12.06 | 11.20 | 11.08 | 10.87 | 10.75 | 10.80 | 9.99 | 10.48 | 10.52 | 9.87 | 9.56 | 9.71 | 10.16 | 9.64 | 9.86 | 10.12 |
| Pretax Income | 7.01 | 5.76 | 6.03 | 4.62 | 5.54 | 4.91 | 4.22 | 4.07 | 4.39 | 2.10 | 3.15 | 2.81 | 3.76 | 2.79 | 3.39 | 3.32 | 4.59 | 4.88 | 4.87 | 4.57 |
| Tax Provision | 1.37 | 1.34 | 1.37 | 1.05 | 1.17 | 1.18 | 1.00 | 0.96 | 0.93 | 0.56 | 0.71 | 0.59 | 0.73 | 0.53 | 0.73 | 0.78 | 0.87 | 1.17 | 1.15 | 1.05 |
| Net Income | 5.57 | 4.40 | 4.61 | 3.54 | 4.32 | 3.71 | 3.19 | 3.08 | 3.41 | 1.52 | 2.41 | 2.18 | 2.98 | 2.24 | 2.63 | 2.50 | 3.67 | 3.70 | 3.71 | 3.51 |
| Basic EPS | 3.47 | 2.72 | 2.83 | 2.15 | 2.62 | 2.24 | 1.91 | 1.85 | 2.04 | 0.88 | 1.39 | 1.25 | 1.72 | 1.30 | 1.49 | 1.40 | 2.04 | 2.05 | 2.01 | 1.88 |
| Diluted EPS | 3.43 | 2.68 | 2.80 | 2.13 | 2.60 | 2.23 | 1.88 | 1.82 | 2.02 | 0.86 | 1.38 | 1.24 | 1.70 | 1.27 | 1.47 | 1.39 | 2.02 | 2.01 | 1.98 | 1.85 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (7.10) | (2.41) | (3.33) | 11.83 | (23.98) | 11.80 | (17.32) | 2.53 | 4.36 | (17.75) | 3.75 | (9.67) | (9.86) | (14.00) | (7.55) | 14.91 | 0.24 | 0.35 | 2.13 | 4.62 |
| Investing Cash Flow | (6.60) | (13.40) | (10.68) | (17.67) | (5.03) | (10.15) | (6.70) | (13.67) | 1.05 | (8.80) | 0.52 | 6.24 | (1.04) | 0.90 | (4.16) | (8.53) | 0.16 | (15.31) | (15.15) | 3.12 |
| Financing Cash Flow | 36.46 | 23.97 | 9.08 | 21.67 | 13.05 | 15.26 | 23.05 | (0.40) | 8.86 | 5.69 | 0.36 | (2.49) | (6.29) | 25.98 | (4.57) | (7.98) | 9.29 | 19.72 | 11.78 | 0.49 |
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Dividends Per Share | 1.00 | 1.00 | 1.00 | 0.93 | 0.93 | 0.93 | 0.93 | 0.85 | 0.85 | 0.85 | 0.85 | 0.78 | 0.78 | 0.78 | 0.78 | 0.70 | 0.70 | 0.70 | 0.70 | 0.35 |
