Morgan Stanley Financial Statements FY2021-FY2026Q3

Morgan Stanley (MS) Financial Statements in Beancount — Open Ledger

Morgan Stanley's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/morgan-stanley

Latest analysis: Morgan Stanley Q3 FY2026 Earnings: $20.3B Revenue, Record Wealth Fees, and a 22.6% ROTCE

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31 (SEC CIK 0000895421). FY2021–FY2025 come from Form 10-K filings and FY2026Q3 is the three months to September 30, 2026, from the 8-K earnings-release exhibits (unaudited; no 10-Q was filed) — which print only selected balance items, so that period carries income only and no balance assertions. Revenue is total net revenues and net income is the consolidated figure, before preferred dividends; common stock plus paid-in capital is net of treasury shares at cost (a debit balance from FY2023), and the offsetting employee-stock-trust lines net to zero and are omitted.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 20,338 MUSD means 20,338 million US dollars.
• Bank chart — the provision for credit losses is Expenses:CostOfRevenue,
  compensation is Expenses:CompensationAndBenefits, and each other
  non-interest expense caption is its own Expenses:OperatingExpenses posting.
• Combined lines — Assets:NonCurrent:LongTermInvestments holds AFS plus
  HTM securities (a single investment-securities line in FY2021–FY2022) and
  Assets:NonCurrent:Loans holds held-for-investment plus held-for-sale, with
  the split in each posting comment; borrowings is one face line on
  Liabilities:NonCurrent:LongTermDebt.

Analysis

• Morgan Stanley Q3 FY2026 Earnings: $20.3B Revenue, Record Wealth Fees, and a 22.6% ROTCE — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Morgan Stanley's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Morgan Stanley; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.