Filing Flows › Morgan Stanley (MS) › Q3 2026 › vs Q3 2025
Morgan Stanley (MS) Q3 2026 vs Q3 2025 (year over year)
Morgan Stanley's revenue rose $2.1B (+12%) from $18.2B in Q3 2025 to $20.3B in Q3 2026. Operating margin 31.9% against 33.1% (-1.2 pts).
Morgan Stanley, Q3 2026: revenue $20.3B (+12% year over year), operating margin 31.9%, net earnings $4.9B, operating cash flow −$46.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.9% | 33.1% | -1.2 pts |
| Net margin | 24.1% | 25.3% | -1.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $20.3B | $18.2B | $2.1B | +12% |
| Operating profit | $6.5B | $6.0B | $450M | +7% |
| Costs & expenses | $13.9B | $12.2B | $1.7B | +14% |
| Pre-tax earnings | $6.5B | $6.0B | $450M | +7% |
| Sales & marketing | $347M | $280M | $67.0M | +24% |
| Other operating costs | $13.5B | $11.9B | $1.6B | +13% |
| Net earnings | $4.9B | $4.6B | $299M | +6% |
| Minority interests | $60.0M | $45.0M | $15.0M | +33% |
| Income tax | $1.5B | $1.4B | $136M | +10% |
| Operating cash sources | $52.6B | $9.7B | $42.9B | +440% |
| Depreciation & amortization | $1.1B | $1.3B | −$231M | -17% |
| Share-based compensation | $542M | $449M | $93.0M | +21% |
| Cash used in operations | $46.0B | $3.3B | $42.7B | 14× |
| Working capital & other | $52.6B | $9.7B | $42.9B | +440% |
Questions
How much did Morgan Stanley's revenue grow year over year in Q3 2026?
Morgan Stanley's revenue rose $2.1B (+12%) from $18.2B in Q3 2025 to $20.3B in Q3 2026. Operating margin 31.9% against 33.1% (-1.2 pts).