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

Morgan Stanley has disclosed Rent Expense across 18 years of filings, most recently posting $483.0 million for Q1 2026.

• In Q1 2026, Rent Expense rose 7.57% year-over-year to $483.0 million; the TTM figure through Mar 2026 stood at $1.9 billion (changed 0.37% YoY), while the FY2025 annual figure was $1.9 billion, down 1.73% from the prior year.
• Rent Expense declined to $483.0 million in Q1 2026, from $491.0 million in the prior quarter.
• Over the last five years, Rent Expense for MS reached as high as $528.0 million in Q4 2023 and fell as low as $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.
• Annual changes were most pronounced in 2022 — Rent Expense declined 7.52% — and 2023, when it rose 19.19%.
• 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.
• According to Business Quant data, Rent Expense over the past three periods registered $483.0 million, $491.0 million, and $473.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.