Morgan Stanley, a financial holding company, provides various financial products and services to governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa. The company operates through Institutional Securities, Wealth Management, and Investment Management segments. It offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities; and research. In addition, the company offers financial advisor-led brokerage, custody, and administrative and investment advisory services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential and commercial real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. The company was founded in 1924 and is headquartered in New York, New York.
Morgan Stanley (MS) reported trailing twelve months (TTM) revenue of $116.11B as of December 2025, which represents a 12.6% increase year-over-year. The company's operating margin has expanded to 19.2% from 18.9% a year ago. In terms of profitability, MS generated $16.86B in net income. Valuation-wise, the stock trades at a P/E ratio of 16.9x and a Price-to-Sales (P/S) ratio of 2.5x. The company reported negative free cash flow of $-4.60B over the last twelve months, indicating cash consumption over the period. Data based on the most recent quarterly reports.
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