Morgan Stanley (MS) stock
Financials · Investment Banking & Brokerage
Morgan Stanley (MS) is an Investment Banking & Brokerage company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, MS closed at $179.49, a market capitalization of $280.90 billion, the 40th largest company in the S&P 500. Over the last twelve months it generated $79.79 billion in revenue (+11% year over year) and -$18.58 billion in free cash flow. The stock trades at 14.2x trailing earnings and 13.2x forward earnings.
- 1-year total return: +15.2% (dividends reinvested)
- 5-year return: +15.6% a year
- 52-week range: $152.80 – $232.25
- Gross margin 87.3%, operating margin 39.9%
- Dividend yield: 2.56%, 12 straight years of increases
- FI Handbook report card: C+ across 8 metrics
- 6th largest of 76 Financials stocks in the S&P 500
MS price chart
1Y price change: +12.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MS | -9.5% | +2.8% | +15.2% | +40.0% | +15.6% | +21.7% | +12.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1993.
MS key statistics
- Market cap
- $280.9B
- #40 in S&P 500
- P/E (TTM)
- 14.2x
- Forward P/E
- 13.2x
- EPS (TTM)
- $12.61
- Revenue (TTM)
- $79.8B
- +11%
- Free cash flow
- -$18.6B
- Gross margin
- 87.3%
- Operating margin
- 39.9%
- Return on equity
- —
- Dividend yield
- 2.56%
- 52-week range
- $152.80 – $232.25
- Beta
- 1.21
- Price / sales
- 3.5x
- EV / EBITDA
- —
- Debt / equity
- 5.17x
- Employees
- 83,728
MS report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth10.8%B
- Gross margin87.3%A
- Operating margin39.9%A
- FCF margin-23.3%F
- Return on equity——
- Net debt / EBITDA——
- Forward P/E13.2xA
- PEG ratio1.8xC
- Shareholder yield2.6%C
- Share count change / yr10.7%F
Morgan Stanley financials
Revenue went from $26.5B in fiscal 2007 to $34.3B in fiscal 2014, growing 3.8% a year.
| Fiscal year | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.5B | $22.1B | $23.3B | $31.2B | $32.2B | $26.2B | $32.5B | $34.3B |
| Net income | $3.2B | $1.7B | $1.3B | $4.7B | $4.1B | $68.0M | $2.9B | $3.5B |
| EPS (diluted) | $2.90 | $1.39 | $-0.77 | $2.63 | $1.23 | $-0.02 | $1.36 | $1.60 |
| Buybacks | $438.0M | $1.1B | $50.0M | $317.0M | $317.0M | $227.0M | $691.0M | — |
| Dividends paid | $1.2B | $1.2B | $1.7B | $1.2B | $834.0M | $469.0M | $475.0M | $904.0M |
| Diluted shares | 1.0B | 1.1B | 1.2B | 1.4B | 1.7B | 1.9B | 2.0B | 2.0B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $149.3B and -$18.6B of trailing free cash flow, Morgan Stanley needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 112.2x vs. median 28.0x (10th–90th percentile 13.6x–79.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MS dividend
- Dividend yield
- 2.56%
- Annual dividend
- $4.60
- Years of increases
- 12
- 5-yr dividend growth
- 22.4%
- per year
- Payout ratio
- 32%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MS earnings
Next report: January 14, 2027. Morgan Stanley has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 14, 2026 | $2.92 | $3.03 | +3.9% |
| Jul 15, 2026 | $2.93 | $3.46 | +17.9% |
| Apr 15, 2026 | $3.02 | $3.43 | +13.6% |
| Jan 15, 2026 | $2.45 | $2.68 | +9.4% |
| Oct 15, 2025 | $2.11 | $2.80 | +32.6% |
| Jul 16, 2025 | $1.98 | $2.13 | +7.5% |
| Apr 11, 2025 | $2.21 | $2.60 | +17.7% |
| Jan 16, 2025 | $1.69 | $2.22 | +31.4% |
Stocks like MS
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GS Goldman Sachs | -1.75% | +19% | $255.0B | 12.6x | Compare |
 SCHW Charles Schwab Corporation (The | -0.94% | -3% | $156.6B | 15.5x | Compare |
 IBKR Interactive Brokers | -2.43% | +20% | $136.8B | 30.6x | Compare |
 HOOD Robinhood Markets | -1.56% | -29% | $85.5B | 41.9x | Compare |
 RJF Raymond James Financial | -0.94% | -3% | $30.3B | 13.7x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
MS news
- If You Invest $1,000 a Year in Morgan Stanley (MS) Stock, How Much Dividend Income Could It Generate Over 20 Years? · Oct 25, 2026
- BE Stock Extends Selloff After Q3 Print, But Morgan Stanley Sees A Production Ramp Ahead · Oct 23, 2026
- Morgan Stanley Bets on UK Savers After Equities Revenue Jumps 41% · Oct 23, 2026
- Here Are Morgan Stanley's Top AI-Sector Bullish Plays This Earnings Season · Oct 21, 2026
- Morgan Stanley Named 2026 Money Management Institute/Barron’s Wealth Management Advisory Platform of the Year · Oct 21, 2026
MS stock FAQ
What is MS's market cap?
Morgan Stanley's market capitalization is $280.90 billion as of October 23, 2026, ranking 40th in the S&P 500.
What is MS's P/E ratio?
MS trades at a trailing price-to-earnings ratio of 14.2x and a forward P/E of 13.2x. Its median P/E over the period we track is 28.0x.
Does MS pay a dividend?
Yes. Morgan Stanley pays $4.60 per share a year, a 2.56% yield. It has raised its dividend 12 years in a row. Dividends grew 22.4% a year over the last five years.
How much has MS stock returned?
Including reinvested dividends, MS returned +15.2% over one year, +15.6% a year over five years, +21.7% a year over ten years through October 23, 2026.
When does MS report earnings?
Morgan Stanley is expected to report earnings on January 14, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Morgan Stanley have?
Morgan Stanley has about 83,728 full-time employees, or $953,015 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology