Morgan Stanley
Morgan Stanley’s revenue for fiscal 2025 (year ended December 2025) was $119.7 billion, up 11.5% from fiscal 2024. In the quarter to September 2026, revenue grew 6.69%, EPS grew 13.4%, free cash flow fell 132.2% and total debt rose 19.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.
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Morgan Stanley (MS) Return on assets
Morgan Stanley's return on assets over the twelve months to 30 September 2026 was 0.00%, down 1.2 percentage points from fiscal 2025 (1.23%). Over the past ten years it has ranged from 0.67% (fiscal 2017) to 1.26% (fiscal 2021); the current reading is higher than 91% of that period. That is in line with the Capital Markets industry median of 0.00% and below the Financial sector median of 1.18%.
Return on assets, annual
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Annual newest first
| Period | Return on assets | Change (points) |
|---|---|---|
| FY2025 | 1.23% | 0.17 |
| FY2024 | 1.06% | 0.34 |
| FY2023 | 0.72% | (0.17) |
| FY2022 | 0.89% | (0.37) |
| FY2021 | 1.26% | 0.22 |
| FY2020 | 1.04% | 0.07 |
| FY2019 | 0.97% | 0.01 |
| FY2018 | 0.96% | 0.29 |
| FY2017 | 0.67% | (0.02) |
| FY2016 | 0.69% | (0.02) |
Against its own ten years
Return on assets against peers
| Company | Return on assets |
|---|---|
| TW Tradeweb Markets Inc. compare | 11.0% |
| LPLA LPL Financial Holdings Inc. compare | 5.40% |
| HOOD Robinhood Markets, Inc. compare | 4.51% |
| GS The Goldman Sachs Group, Inc. compare | 1.07% |
| NMR Nomura Holdings Inc ADR compare | 0.71% |
| CRCL Circle Internet Group, Inc. compare | 0.64% |
| IBKR Interactive Brokers Group, Inc. compare | 0.53% |
| SCHW The Charles Schwab Corporation compare | 0.00% |
| MS Morgan Stanley | 0.00% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 1.18% |
| Market median | 0.00% |
What Return on assets is
ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.
Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)
More on MS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement