79/100B181.420
USD
-1.04
(-0.57%)
Post Trading·181.950USD+0.530(+0.29%)
Last updated: · Delayed 15 min
Fair value193.70Plus-6%116Price 181.42269
Q4 FY2026 · Earnings report
EPS estimate 2.93Revenue estimate 20.26B
Q4 FY2026 · Earnings report
EPS estimate 2.93Revenue estimate 20.26B
Morgan Stanley return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
Morgan Stanley's return on equity is 17.66%: net income of 20.68B USD over the last twelve months on shareholders' equity of 117.11B USD.
- Today
- 17.66%
- Average, 5 years
- 12.92%
- Low, 5 years
- 9.32%
- High, 5 years
- 17.66%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 20.68B ÷ 117.11B = 17.66%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
What drives Morgan Stanley's return on equity?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
Net margin
25.6%
profit on each dollar of sales
×
Asset turnover
0.05×
sales on each dollar of assets
×
Equity multiplier
12.72×
assets on each dollar of equity
=
Return on equity
15.1%
FY2025
- FY202525.6% × 0.05 × 12.72 = 15.1%
- FY202423.2% × 0.05 × 11.63 = 12.8%
- FY202317.9% × 0.04 × 12.05 = 9.2%
- FY202222.0% × 0.04 × 11.79 = 11.0%
- FY202126.6% × 0.05 × 11.27 = 14.3%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 17.66% | 20.68B | 117.11B | |
| FY2025 | 31 Dec 2025 | 15.10% | 16.86B | 111.63B |
| FY2024 | 31 Dec 2024 | 12.95% | 13.53B | 104.51B |
| FY2023 | 31 Dec 2023 | 9.18% | 9.09B | 99.04B |
| FY2022 | 31 Dec 2022 | 11.16% | 11.18B | 100.14B |
| FY2021 | 31 Dec 2021 | 14.34% | 15.12B | 105.44B |
| FY2020 | 31 Dec 2020 | 10.98% | 11.18B | 101.78B |
| FY2019 | 31 Dec 2019 | 11.33% | 9.24B | 81.55B |
| FY2018 | 31 Dec 2018 | 11.07% | 8.88B | 80.25B |
| FY2017 | 31 Dec 2017 | 8.03% | 6.22B | 77.39B |
| FY2016 | 31 Dec 2016 | 8.05% | 6.12B | 76.05B |
| FY2015 | 31 Dec 2015 | 8.35% | 6.28B | 75.18B |
| FY2014 | 31 Dec 2014 | 5.17% | 3.67B | 70.90B |
| FY2013 | 31 Dec 2013 | 5.48% | 3.61B | 65.92B |
| FY2012 | 31 Dec 2012 | 1.15% | 716.00M | 62.11B |
| FY2011 | 31 Dec 2011 | 7.49% | 4.65B | 62.05B |
| FY2010 | 31 Dec 2010 | 9.97% | 5.70B | 57.21B |
| FY2009 | 31 Dec 2009 | 3.01% | 1.41B | 46.69B |
| FY2008 | 31 Dec 2008 | 3.50% | 1.71B | 48.75B |
| FY2007 | 30 Nov 2007 | 10.26% | 3.21B | 31.27B |
| FY2006 | 30 Nov 2006 | 21.13% | 7.47B | 35.36B |
| FY2005 | 30 Nov 2005 | 16.92% | 4.94B | 29.18B |
| FY2004 | 30 Nov 2004 | 15.90% | 4.49B | 28.21B |
| FY2003 | 30 Nov 2003 | 15.23% | 3.79B | 24.87B |
| FY2002 | 30 Nov 2002 | 13.65% | 2.99B | 21.89B |
| FY2001 | 30 Nov 2001 | 17.00% | 3.52B | 20.72B |
| FY2000 | 30 Nov 2000 | 28.31% | 5.46B | 19.27B |
| FY1999 | 30 Nov 1999 | 28.16% | 4.79B | 17.01B |
| FY1998 | 30 Nov 1998 | 21.86% | 3.39B | 15.52B |
| FY1997 | 30 Nov 1997 | 17.29% | 2.59B | 14.96B |
| FY1996 | 31 Dec 1996 | 18.42% | 951.40M | 5.16B |
| FY1995 | 31 Dec 1995 | 17.72% | 856.40M | 4.83B |
| FY1994 | 31 Dec 1994 | 18.04% | 740.90M | 4.11B |
| FY1993 | 31 Dec 1993 | 17.36% | 603.60M | 3.48B |
| FY1992 | 31 Jan 1993 | 14.87% | 510.50M | 3.43B |
| FY1991 | 31 Dec 1991 | 15.87% | 475.10M | 2.99B |
| FY1990 | 31 Dec 1990 | 12.45% | 270.40M | 2.17B |
| FY1989 | 31 Dec 1989 | 21.92% | 443.00M | 2.02B |
| FY1988 | 31 Dec 1988 | 29.50% | 394.60M | 1.34B |
| FY1987 | 31 Dec 1987 | 23.08% | 230.90M | 1.00B |
| FY1986 | 31 Dec 1986 | 25.62% | 201.30M | 785.60M |
| FY1985 | 31 Dec 1985 | 35.05% | 105.90M | 302.10M |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 17.66% | 20.68B | 117.11B |
| Q2 FY2026 | 30 Jun 2026 | 17.51% | 20.37B | 116.33B |
| Q1 FY2026 | 31 Mar 2026 | 16.01% | 18.29B | 114.29B |
| Q4 FY2025 | 31 Dec 2025 | 15.25% | 17.03B | 111.63B |
| Q3 FY2025 | 30 Sept 2025 | 14.85% | 16.33B | 109.96B |
| Q2 FY2025 | 30 Jun 2025 | 13.77% | 14.90B | 108.18B |
| Q1 FY2025 | 31 Mar 2025 | 13.52% | 14.44B | 106.81B |
| Q4 FY2024 | 31 Dec 2024 | 12.95% | 13.53B | 104.51B |
| Q3 FY2024 | 30 Sept 2024 | 10.95% | 11.35B | 103.65B |
| Q2 FY2024 | 30 Jun 2024 | 10.48% | 10.56B | 100.71B |
| Q1 FY2024 | 31 Mar 2024 | 9.74% | 9.66B | 99.20B |
| Q4 FY2023 | 31 Dec 2023 | 9.32% | 9.23B | 99.04B |
| Q3 FY2023 | 30 Sept 2023 | 10.03% | 9.96B | 99.21B |
| Q2 FY2023 | 30 Jun 2023 | 10.14% | 10.18B | 100.39B |
| Q1 FY2023 | 31 Mar 2023 | 10.41% | 10.50B | 100.83B |
| Q4 FY2022 | 31 Dec 2022 | 11.16% | 11.18B | 100.14B |
| Q3 FY2022 | 30 Sept 2022 | 12.50% | 12.63B | 101.01B |
| Q2 FY2022 | 30 Jun 2022 | 13.48% | 13.69B | 101.60B |
| Q1 FY2022 | 31 Mar 2022 | 14.25% | 14.67B | 102.90B |
| Q4 FY2021 | 31 Dec 2021 | 14.34% | 15.12B | 105.44B |
| Q3 FY2021 | 30 Sept 2021 | 13.99% | 14.82B | 105.90B |
| Q2 FY2021 | 30 Jun 2021 | 12.95% | 13.84B | 106.87B |
| Q1 FY2021 | 31 Mar 2021 | 12.77% | 13.57B | 106.26B |
| Q4 FY2020 | 31 Dec 2020 | 10.98% | 11.18B | 101.78B |
| Q3 FY2020 | 30 Sept 2020 | 11.39% | 10.07B | 88.39B |
| Q2 FY2020 | 30 Jun 2020 | 11.01% | 9.54B | 86.65B |
| Q1 FY2020 | 31 Mar 2020 | 9.96% | 8.55B | 85.86B |
| Q4 FY2019 | 31 Dec 2019 | 11.33% | 9.24B | 81.55B |
| Q3 FY2019 | 30 Sept 2019 | 10.31% | 8.49B | 82.38B |
| Q2 FY2019 | 30 Jun 2019 | 10.31% | 8.43B | 81.72B |
| Q1 FY2019 | 31 Mar 2019 | 10.71% | 8.65B | 80.72B |
| Q4 FY2018 | 31 Dec 2018 | 11.07% | 8.88B | 80.25B |
| Q3 FY2018 | 30 Sept 2018 | 10.15% | 7.99B | 78.70B |
| Q2 FY2018 | 30 Jun 2018 | 9.64% | 7.63B | 79.11B |
| Q1 FY2018 | 31 Mar 2018 | 8.91% | 6.95B | 78.03B |
| Q4 FY2017 | 31 Dec 2017 | 8.03% | 6.22B | 77.39B |
| Q3 FY2017 | 30 Sept 2017 | 9.16% | 7.23B | 78.98B |
| Q2 FY2017 | 30 Jun 2017 | 8.98% | 7.08B | 78.83B |
| Q1 FY2017 | 31 Mar 2017 | 8.90% | 6.94B | 77.92B |
| Q4 FY2016 | 31 Dec 2016 | 8.05% | 6.12B | 76.05B |
| Q3 FY2016 | 30 Sept 2016 | 6.97% | 5.38B | 77.15B |
| Q2 FY2016 | 30 Jun 2016 | 6.21% | 4.79B | 77.12B |
| Q1 FY2016 | 31 Mar 2016 | 6.54% | 4.97B | 76.01B |
| Q4 FY2015 | 31 Dec 2015 | 8.35% | 6.28B | 75.18B |
| Q3 FY2015 | 30 Sept 2015 | 4.99% | 3.76B | 75.29B |
| Q2 FY2015 | 30 Jun 2015 | 5.94% | 4.46B | 75.04B |
| Q1 FY2015 | 31 Mar 2015 | 6.13% | 4.55B | 74.16B |
| Q4 FY2014 | 31 Dec 2014 | 5.17% | 3.67B | 70.90B |
| Q3 FY2014 | 30 Sept 2014 | 7.44% | 5.43B | 72.92B |
| Q2 FY2014 | 30 Jun 2014 | 6.63% | 4.69B | 70.76B |
| Q1 FY2014 | 31 Mar 2014 | 5.91% | 3.97B | 67.07B |
| Q4 FY2013 | 31 Dec 2013 | 5.48% | 3.61B | 65.92B |
| Q3 FY2013 | 30 Sept 2013 | 6.49% | 4.23B | 65.13B |
| Q2 FY2013 | 30 Jun 2013 | 3.57% | 2.25B | 63.18B |
| Q1 FY2013 | 31 Mar 2013 | 2.89% | 1.81B | 62.70B |
| Q4 FY2012 | 31 Dec 2012 | 1.15% | 716.00M | 62.11B |
| Q3 FY2012 | 30 Sept 2012 | -0.41% | -256.00M | 61.80B |
| Q2 FY2012 | 30 Jun 2012 | 4.76% | 2.99B | 62.84B |
| Q1 FY2012 | 31 Mar 2012 | 5.85% | 3.65B | 62.32B |
| Q4 FY2011 | 31 Dec 2011 | 7.49% | 4.65B | 62.05B |
| Q3 FY2011 | 30 Sept 2011 | 9.53% | 5.90B | 61.83B |
| Q2 FY2011 | 30 Jun 2011 | 7.11% | 4.24B | 59.71B |
| Q1 FY2011 | 31 Mar 2011 | 8.29% | 4.82B | 58.19B |
| Q4 FY2010 | 31 Dec 2010 | 9.97% | 5.70B | 57.21B |
| Q3 FY2010 | 30 Sept 2010 | 9.50% | 5.41B | 56.88B |
| Q2 FY2010 | 30 Jun 2010 | 10.90% | 5.56B | 51.01B |
| Q1 FY2010 | 31 Mar 2010 | 7.47% | 3.61B | 48.26B |
| Q4 FY2009 | 31 Dec 2009 | 3.01% | 1.41B | 46.69B |
| Q3 FY2009 | 30 Sept 2009 | — | — | 46.35B |
| Q2 FY2009 | 30 Jun 2009 | — | — | 46.59B |
| Q1 FY2009 | 31 Mar 2009 | — | — | 49.21B |
| Q4 FY2008 | 30 Nov 2008 | 3.36% | 1.71B | 50.83B |
| Q3 FY2008 | 31 Aug 2008 | 1.16% | 414.00M | 35.77B |
| Q2 FY2008 | 31 May 2008 | 1.54% | 532.00M | 34.49B |
| Q1 FY2008 | 29 Feb 2008 | 6.27% | 2.09B | 33.28B |
| Q4 FY2007 | 30 Nov 2007 | 10.26% | 3.21B | 31.27B |
| Q3 FY2007 | 31 Aug 2007 | 25.54% | 9.00B | 35.25B |
| Q2 FY2007 | 31 May 2007 | 23.30% | 9.21B | 39.51B |
| Q1 FY2007 | 28 Feb 2007 | 22.61% | 8.58B | 37.95B |
| Q4 FY2006 | 30 Nov 2006 | 21.13% | 7.47B | 35.36B |
| Q3 FY2006 | 31 Aug 2006 | 22.62% | 7.73B | 34.17B |
| Q2 FY2006 | 31 May 2006 | 19.00% | 6.13B | 32.26B |
| Q1 FY2006 | 28 Feb 2006 | 16.92% | 5.10B | 30.12B |
| Q4 FY2005 | 30 Nov 2005 | 16.92% | 4.94B | 29.18B |
| Q3 FY2005 | 31 Aug 2005 | 13.02% | 3.67B | 28.23B |
| Q2 FY2005 | 31 May 2005 | 15.41% | 4.37B | 28.33B |
| Q1 FY2005 | 28 Feb 2005 | 16.36% | 4.66B | 28.50B |
| Q4 FY2004 | 30 Nov 2004 | 15.90% | 4.49B | 28.21B |
| Q3 FY2004 | 31 Aug 2004 | 15.68% | 4.30B | 27.42B |
| Q2 FY2004 | 31 May 2004 | 17.52% | 4.73B | 27.00B |
| Q1 FY2004 | 29 Feb 2004 | 15.76% | 4.11B | 26.06B |
| Q4 FY2003 | 30 Nov 2003 | 15.23% | 3.79B | 24.87B |
| Q3 FY2003 | 31 Aug 2003 | 14.78% | 3.51B | 23.71B |
| Q2 FY2003 | 31 May 2003 | 12.58% | 2.85B | 22.63B |
| Q1 FY2003 | 28 Feb 2003 | 13.55% | 3.05B | 22.47B |
| Q4 FY2002 | 30 Nov 2002 | 13.65% | 2.99B | 21.89B |
| Q3 FY2002 | 31 Aug 2002 | 14.60% | 3.13B | 21.42B |
| Q2 FY2002 | 31 May 2002 | 15.13% | 3.22B | 21.28B |
| Q1 FY2002 | 28 Feb 2002 | 16.05% | 3.35B | 20.89B |
| Q4 FY2001 | 30 Nov 2001 | 17.00% | 3.52B | 20.72B |
| Q3 FY2001 | 31 Aug 2001 | 19.31% | 3.86B | 19.99B |
| Q2 FY2001 | 31 May 2001 | 21.98% | 4.40B | 20.02B |
| Q1 FY2001 | 28 Feb 2001 | 24.95% | 4.93B | 19.75B |
| Q4 FY2000 | 30 Nov 2000 | 28.31% | 5.46B | 19.27B |
| Q3 FY2000 | 31 Aug 2000 | 31.53% | 5.88B | 18.65B |
| Q2 FY2000 | 31 May 2000 | 30.95% | 5.61B | 18.11B |
| Q1 FY2000 | 29 Feb 2000 | 29.68% | 5.30B | 17.85B |
| Q4 FY1999 | 30 Nov 1999 | 28.16% | 4.79B | 17.01B |
| Q3 FY1999 | 31 Aug 1999 | 28.24% | 4.36B | 15.45B |
| Q2 FY1999 | 31 May 1999 | 25.63% | 4.04B | 15.75B |
| Q1 FY1999 | 28 Feb 1999 | 23.03% | 3.74B | 16.24B |
| Q4 FY1998 | 30 Nov 1998 | 21.86% | 3.39B | 15.52B |
| Q3 FY1998 | 31 Aug 1998 | 19.95% | 3.00B | 15.04B |
| Q2 FY1998 | 31 May 1998 | 21.94% | 3.03B | 13.83B |
| Q1 FY1998 | 28 Feb 1998 | 18.63% | 2.71B | 14.52B |
| Q4 FY1997 | 30 Nov 1997 | 15.32% | 2.29B | 14.96B |
| Q3 FY1997 | 31 Aug 1997 | 13.37% | 1.71B | 12.79B |
| Q2 FY1997 | 31 May 1997 | 9.65% | 1.27B | 13.16B |
| Q1 FY1997 | 31 Mar 1997 | 17.98% | 981.90M | 5.46B |
| Q4 FY1996 | 31 Dec 1996 | 18.42% | 951.40M | 5.16B |
| Q3 FY1996 | 30 Sept 1996 | 18.11% | 901.70M | 4.98B |
| Q2 FY1996 | 30 Jun 1996 | 17.79% | 881.40M | 4.95B |
| Q1 FY1996 | 31 Mar 1996 | 17.91% | 880.10M | 4.91B |
| Q4 FY1995 | 31 Dec 1995 | 17.72% | 856.40M | 4.83B |
| Q3 FY1995 | 30 Sept 1995 | 17.32% | 818.30M | 4.72B |
| Q2 FY1995 | 30 Jun 1995 | 17.33% | 784.10M | 4.52B |
| Q1 FY1995 | 31 Mar 1995 | 17.50% | 753.50M | 4.30B |
| Q4 FY1994 | 31 Dec 1994 | 18.04% | 740.90M | 4.11B |
| Q3 FY1994 | 30 Sept 1994 | 18.36% | 739.40M | 4.03B |
| Q2 FY1994 | 30 Jun 1994 | 18.82% | 726.50M | 3.86B |
| Q1 FY1994 | 31 Mar 1994 | 18.44% | 676.70M | 3.67B |
| Q4 FY1993 | 31 Dec 1993 | 17.36% | 603.60M | 3.48B |
| Q3 FY1993 | 30 Sept 1993 | 18.09% | 607.00M | 3.36B |
| Q2 FY1993 | 30 Jun 1993 | 17.07% | 545.90M | 3.20B |
| Q1 FY1993 | 31 Mar 1993 | 16.70% | 507.80M | 3.04B |
| Q4 FY1992 | 31 Jan 1993 | 14.87% | 510.50M | 3.43B |
| Q3 FY1992 | 31 Oct 1992 | — | — | 3.20B |
| Q2 FY1992 | 31 Jul 1992 | — | — | 3.14B |
| Q1 FY1992 | 30 Apr 1992 | — | — | 3.18B |
| Q4 FY1991 | 31 Dec 1991 | 15.87% | 475.10M | 2.99B |
| Q3 FY1991 | 30 Sept 1991 | 15.52% | 401.00M | 2.58B |
| Q2 FY1991 | 30 Jun 1991 | 14.15% | 351.20M | 2.48B |
| Q1 FY1991 | 31 Mar 1991 | 13.63% | 308.40M | 2.26B |
| Q4 FY1990 | 31 Dec 1990 | 12.45% | 270.40M | 2.17B |
| Q3 FY1990 | 30 Sept 1990 | 17.13% | 360.70M | 2.11B |
| Q2 FY1990 | 30 Jun 1990 | 18.94% | 389.90M | 2.06B |
| Q1 FY1990 | 31 Mar 1990 | 21.95% | 443.90M | 2.02B |
| Q4 FY1989 | 31 Dec 1989 | 21.91% | 442.90M | 2.02B |
| Q3 FY1989 | 30 Sept 1989 | 21.70% | 402.60M | 1.86B |
| Q2 FY1989 | 30 Jun 1989 | 20.06% | 353.90M | 1.76B |
| Q1 FY1989 | 31 Mar 1989 | — | 377.10M | — |
| Q4 FY1988 | 31 Dec 1988 | 29.50% | 394.60M | 1.34B |
| Q3 FY1988 | 30 Sept 1988 | — | 317.60M | — |
| Q2 FY1988 | 30 Jun 1988 | — | 338.10M | — |
| Q1 FY1988 | 31 Mar 1988 | — | 265.20M | — |
| Q4 FY1987 | 31 Dec 1987 | 23.08% | 230.90M | 1.00B |
| Q3 FY1987 | 30 Sept 1987 | — | 257.90M | — |
| Q2 FY1987 | 30 Jun 1987 | — | 224.50M | — |
| Q1 FY1987 | 31 Mar 1987 | — | 207.60M | — |
| Q4 FY1986 | 31 Dec 1986 | 25.62% | 201.30M | 785.60M |
| Q3 FY1986 | 30 Sept 1986 | — | 169.50M | — |
| Q2 FY1986 | 30 Jun 1986 | — | 156.50M | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 302.10M |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about Morgan Stanley's ROE
Source: Financial Modeling Prep