MS
Morgan Stanley
NYSE: MS · FINANCIAL SERVICES · CAPITAL MARKETS
$190.59
+2.41% today
Updated 2026-04-29
Market cap
$297.06B
P/E ratio
16.95
P/S ratio
4.06x
EPS (TTM)
$11.04
Dividend yield
2.10%
52W range
$114 – $194
Volume
6.8M
Morgan Stanley (MS) Earnings
Quarterly earnings history, analyst estimates, and stock price reaction.
EPS beat streak
8 of 8
Last 8 quarters
Avg EPS surprise
+17.5%
Last 4 quarters
Revenue YoY growth
+18.8%
Most recent quarter
EPS YoY growth
+31.9%
Most recent quarter
Earnings surprise history (last 12 quarters)
Beat estimate Missed estimate
Quarterly EPS and revenue trend
Quarterly revenue EPS (diluted)
How the stock reacts to earnings
Avg 1-day reaction
+2.9%
Last 3 reports
Positive reaction rate
100%
3 of 3 quarters
Largest single-day move
+4.6%
2026-01-14
| Report date | EPS actual | Surprise | Close before | Close after | 1-day reaction |
|---|---|---|---|---|---|
| 2026-04-09 | $3.43 | +13.7% | $176.02 | $177.64 | +0.9% |
| 2026-01-14 | $2.68 | +11.7% | $182.76 | $191.23 | +4.6% |
| 2025-10-15 | $2.80 | +35.9% | $155.34 | $160.02 | +3.0% |
Quarterly earnings history
| Fiscal quarter ending | EPS estimate | EPS actual | Surprise | Revenue | YoY revenue |
|---|---|---|---|---|---|
| 2026-03-31 | $3.02 | $3.43 | +13.7% | $33.15B | +18.8% |
| 2025-12-31 | $2.40 | $2.68 | +11.7% | $28.86B | +11.1% |
| 2025-09-30 | $2.06 | $2.80 | +35.9% | $30.05B | +14.1% |
| 2025-06-30 | $1.96 | $2.13 | +8.7% | $28.16B | +10.5% |
| 2025-03-31 | $2.19 | $2.60 | +18.7% | $27.91B | +10.1% |
| 2024-12-31 | $1.69 | $2.22 | +31.4% | $25.98B | +7.4% |
| 2024-09-30 | $1.58 | $1.88 | +19.0% | $26.33B | +16.7% |
| 2024-06-30 | $1.65 | $1.82 | +10.3% | $25.49B | — |
| 2024-03-31 | $1.66 | $2.02 | +21.7% | $25.35B | — |
| 2023-12-31 | $1.01 | $0.99 | -2.0% | $24.19B | — |
| 2023-09-30 | $1.28 | $1.38 | +7.8% | $22.57B | — |
Analyst EPS and revenue estimates for upcoming years
| Period | EPS estimate | Revenue estimate | Revenue growth | Analysts | Confidence |
|---|---|---|---|---|---|
| 2026 (E) | $11.74 | $78.9B | +12.2% | 30 | high |
| 2027 (E) | $12.74 | $83.3B | +5.6% | 30 | high |
| 2028 (E) | $13.65 | $87.8B | +5.4% | 30 | medium |
| 2029 (E) | $14.80 | $93.2B | +6.1% | 30 | medium |
| 2030 (E) | $16.12 | $99.4B | +6.7% | 30 | medium |
Frequently asked questions
Has Morgan Stanley beaten earnings estimates?
Morgan Stanley has beaten Wall Street EPS estimates in 8 of its last 8 quarterly reports, with an average EPS surprise of +17.5% over the last 4 quarters.
How does MS stock react to earnings?
MS stock has moved an average of +2.9% in the trading day following earnings over its last 3 reports, with positive reactions in 100% of those quarters.
What is Morgan Stanley's revenue growth rate?
Morgan Stanley reported year-over-year revenue growth of +18.8% in its most recent quarter, with EPS growing +31.9% year-over-year.
What is the expected EPS for MS in 2026?
Analysts expect Morgan Stanley to report EPS of $11.74 for fiscal year 2026, on revenue of $78.9B, based on estimates from 30 analysts.