Filing Flows › Morgan Stanley (MS) › Q2 2026 › vs Q1 2026
Morgan Stanley (MS) Q2 2026 vs Q1 2026 (quarter over quarter)
Morgan Stanley's revenue rose $768M (+4%) from $20.6B in Q1 2026 to $21.3B in Q2 2026. Operating margin 34.4% against 34.1% (+0.4 pts).
Morgan Stanley, Q2 2026: revenue $21.3B (+27% year over year), operating margin 34.4%, net earnings $5.6B, operating cash flow −$2.7B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 34.4% | 34.1% | +0.4 pts |
| Net margin | 26.1% | 27.1% | -0.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $21.3B | $20.6B | $768M | +4% |
| Operating profit | $7.3B | $7.0B | $337M | +5% |
| Costs & expenses | $14.0B | $13.6B | $431M | +3% |
| Pre-tax earnings | $7.3B | $7.0B | $337M | +5% |
| Sales & marketing | $401M | $310M | $91.0M | +29% |
| Other operating costs | $13.6B | $13.3B | $340M | +3% |
| Net earnings | $5.6B | $5.6B | $14.0M | +0.3% |
| Minority interests | $72.0M | $71.0M | $1.0M | +1% |
| Income tax | $1.7B | $1.4B | $322M | +23% |
| Operating cash sources | $10.1B | $13.9B | −$3.9B | -28% |
| Depreciation & amortization | $1.2B | $714M | $488M | +68% |
| Share-based compensation | $562M | $571M | −$9.0M | -2% |
| Cash used in operations | $2.7B | $7.1B | −$4.4B | -61% |
| Working capital & other | $10.1B | $13.9B | −$3.9B | -28% |
Questions
How much did Morgan Stanley's revenue grow quarter over quarter in Q2 2026?
Morgan Stanley's revenue rose $768M (+4%) from $20.6B in Q1 2026 to $21.3B in Q2 2026. Operating margin 34.4% against 34.1% (+0.4 pts).