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Morgan Stanley (MS-PO) Rent Expense (2016 - 2025)

Morgan Stanley (MS-PO) has disclosed Rent Expense for 17 consecutive years, with $491.0 million as the latest value for Q4 2025.

  • Quarterly Rent Expense fell 6.83% to $491.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.9 billion through Dec 2025, down 1.73% year-over-year, with the annual reading at $1.9 billion for FY2025, 1.73% down from the prior year.
  • Rent Expense for Q4 2025 was $491.0 million at Morgan Stanley, up from $473.0 million in the prior quarter.
  • The five-year high for Rent Expense was $528.0 million in Q4 2023, with the low at $405.0 million in Q1 2021.
  • Average Rent Expense over 5 years is $456.3 million, with a median of $452.5 million recorded in 2023.
  • The sharpest move saw Rent Expense fell 7.52% in 2022, then grew 19.19% in 2023.
  • Over 5 years, Rent Expense stood at $479.0 million in 2021, then decreased by 7.52% to $443.0 million in 2022, then rose by 19.19% to $528.0 million in 2023, then dropped by 0.19% to $527.0 million in 2024, then decreased by 6.83% to $491.0 million in 2025.
  • According to Business Quant data, Rent Expense over the past three periods came in at $491.0 million, $473.0 million, and $459.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.