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

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

• Quarterly Rent Expense rose 7.57% year-over-year to $483.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (changed 0.37% YoY) and the FY2025 annual result came in at $1.9 billion, down 1.73% from the prior year.
• Rent Expense eased to $483.0 million in Q1 2026 per MS-PP's latest filing, from $491.0 million in the prior quarter.
• Across five years, Rent Expense topped out at $528.0 million in Q4 2023 and bottomed at $427.0 million in Q1 2022.
• The 5-year median for Rent Expense is $459.0 million (2025), against an average of $463.8 million.
• The widest annual swing landed in 2022, when Rent Expense slipped 7.52%; it then grew 19.19% in 2023.
• Tracing MS-PP's Rent Expense over 5 years: stood at $443.0 million in 2022, then advanced by 19.19% to $528.0 million in 2023, then slipped by 0.19% to $527.0 million in 2024, then retreated by 6.83% to $491.0 million in 2025, then slipped by 1.63% to $483.0 million in 2026.
• Per Business Quant, the three latest MS-PP Rent Expense figures stand at $483.0 million (Q1 2026), $491.0 million (Q4 2025), and $473.0 million (Q3 2025).

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