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

Morgan Stanley (MS) has reported Rent Expense for 18 consecutive years, with $482.0 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Rent Expense rose 5.01% year-over-year to $482.0 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 1.1% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, down 1.73% from the prior year.
• Rent Expense was $482.0 million for Q2 2026 at Morgan Stanley, roughly flat from $483.0 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 $464.8 million and a median of $461.5 million in 2024 frame the typical range for Rent Expense.
• Across the five-year window, Rent Expense dropped 7.52% in 2022 and increased 19.19% in 2023, its largest moves.
• Over 5 years, Rent Expense stood at $443.0 million in 2022, then climbed 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, then decreased by 1.83% to $482.0 million in 2026.
• The last three Rent Expense figures came in at $482.0 million (Q2 2026), $483.0 million (Q1 2026), and $491.0 million (Q4 2025), per Business Quant data.