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Morgan Stanley vs Galaxy Digital: MS and GLXY compared
Morgan Stanley is the larger company: $20.3B of revenue in its latest quarter (Q3 2026) against $8.1B for Galaxy Digital (Q3 2026). Morgan Stanley is growing faster (+12% against -72% a year earlier). Morgan Stanley is more profitable, with an operating margin of 31.9% against 4.3%.
Where the money goes: MS and GLXY
Morgan Stanley (MS) · Q3 2026
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 follows the revenue to costs, profit and cash.
Galaxy Digital (GLXY) · Q3 2026
Galaxy Digital, Q3 2026: revenue $8.1B (-72% year over year), operating margin 4.3%, net earnings $151M. The chart follows the revenue to costs, profit and cash.
| Morgan Stanley (MS) | Galaxy Digital (GLXY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $20.3B | $8.1B |
| Revenue growth, Y/Y | +12% | -72% |
| Operating margin | 31.9% | 4.3% |
| Net earnings | $4.9B | $151M |
| Net margin | 24.1% | 1.9% |
| Operating cash flow | −$46.0B | — |
| Market value | $285.7B | $2.5B |
| P/E | 13.8× | — |
| Analysts’ mean target | $211.50 | $35.66 |
Questions
Which is bigger, Morgan Stanley or Galaxy Digital?
Morgan Stanley is the larger company: $20.3B of revenue in its latest quarter (Q3 2026) against $8.1B for Galaxy Digital (Q3 2026).
Is Morgan Stanley or Galaxy Digital growing faster?
Morgan Stanley is growing faster (+12% against -72% a year earlier).
Which is more profitable, Morgan Stanley or Galaxy Digital?
Morgan Stanley is more profitable, with an operating margin of 31.9% against 4.3%.
More: Morgan Stanley earnings · how Morgan Stanley makes money · Galaxy Digital earnings · how Galaxy Digital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 8-K filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.