Morgan Stanley (MS-PF) Rent Expense (2009 - 2026)

Morgan Stanley (MS-PF) has 18 years of Rent Expense data on file, last reported at $483.0 million in Q1 2026.

• Rent Expense for Q1 2026 came in at $483.0 million, up 7.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (changed 0.37% YoY), and the FY2025 annual result was $1.9 billion, down 1.73% from the prior year.
• Rent Expense slipped to $483.0 million in Q1 2026 per MS-PF's latest filing, from $491.0 million in the prior quarter.
• Over five years, Rent Expense peaked at $528.0 million in Q4 2023 and troughed at $427.0 million in Q1 2022.
• A 5-year average of $463.8 million and a median of $459.0 million in 2025 frame the typical range for Rent Expense.
• The sharpest annual moves came in 2022 and 2023: Rent Expense declined 7.52% in 2022, then rose 19.19% in 2023.
• A 5-year view of Rent Expense shows it stood at $443.0 million in 2022, then grew by 19.19% to $528.0 million in 2023, then declined by 0.19% to $527.0 million in 2024, then slipped by 6.83% to $491.0 million in 2025, then declined by 1.63% to $483.0 million in 2026.
• Business Quant data shows MS-PF's Rent Expense at $483.0 million in Q1 2026, $491.0 million in Q4 2025, and $473.0 million in Q3 2025.