v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 133,529 $ 111,695
Trading assets at fair value ($283,742 and $213,269 pledged as collateral) 526,211 428,276
Available-for-sale at fair value (amortized cost of $112,050 and $112,522) 109,817 110,466
Held-to-maturity (fair value of $42,993 and $45,615) 50,546 53,090
Securities purchased under agreements to resell (includes $— and $— at fair value) 128,880 120,243
Securities borrowed 154,570 151,908
Customer and other receivables 132,599 114,720
Loans:    
Held for investment (net of allowance for credit losses of $1,174 and $1,132) 276,683 268,720
Held for sale 17,231 9,374
Goodwill 17,105 16,726
Intangible assets (net of accumulated amortization of $1,968 and $1,882) 5,960 6,010
Other assets 28,287 29,042
Total assets 1,581,418 1,420,270
Liabilities    
Deposits (includes $8,593 and $8,755 at fair value) 427,971 415,523
Trading liabilities at fair value 217,356 169,569
Securities sold under agreements to repurchase (includes $699 and $696 at fair value) 119,831 78,539
Securities loaned 19,589 17,310
Other secured financings (includes $17,533 and $16,871 at fair value) 22,666 21,603
Customer and other payables 259,289 226,519
Other liabilities and accrued expenses 27,764 29,620
Borrowings (includes $137,633 and $132,479 at fair value) 371,568 348,935
Total liabilities 1,466,034 1,307,618
Commitments and contingent liabilities (see Note 13)
Equity    
Preferred stock 9,750 9,750
Common stock 20 20
Additional paid-in capital 30,988 31,153
Retained earnings 118,913 115,091
Employee stock trusts 6,003 5,154
Accumulated other comprehensive income (loss) (5,506) (6,285)
Common stock held in treasury at cost, $0.01 par value (459,264,681 and 456,059,842 shares) (39,879) (38,097)
Common stock issued to employee stock trusts (6,003) (5,154)
Total Morgan Stanley shareholders’ equity 114,286 111,632
Noncontrolling interests 1,098 1,020
Total equity 115,384 112,652
Total liabilities and equity $ 1,581,418 $ 1,420,270