MS · News · 20261015N

Revenue Performance and Mix

MORGAN STANLEY · 2026-10-15 · Importance 47 · Surprise 22 · No source text

Morgan Stanley reported third-quarter 2026 revenue of $20.34 billion, up 11.6% year over year and $420 million above the $19.92 billion analyst estimate. Adjusted EPS was $3.03, up from $2.80 in the year-ago quarter and above the $2.91 consensus estimate. Wealth Management delivered momentum, while management also highlighted market volatility, AI-related financing opportunities, and disciplined capital allocation during the quarter.

Key facts

• Q3 2026 year-on-year revenue growth: 11.6%. source
• Morgan Stanley said revenues increased approximately 12% year over year in Q3 2026. source
• Revenue in Q3 2026: $20.34 billion. source
• Morgan Stanley reported third-quarter revenues of $20.34 billion, surpassing the Zacks Consensus Estimate of $19.74 billion. source
• Adjusted EPS beat: $3.03 was 4.1% above analysts' consensus estimates. source
• Morgan Stanley reported third-quarter earnings of $3.03 per share, exceeding the Zacks Consensus Estimate of $2.83. source
• Non-GAAP (adjusted) profit (EPS) in Q3 2026: $3.03 per share. source
• Operating margin in Q3 2026: 38.7%, in line with the same quarter last year. source

Impact estimates