Morgan Stanley (MS) Rent Expense (2009 - 2026)
Morgan Stanley (MS) reported Rent Expense of $482 million for Q2 2026, up 5.0% from $459 million a year earlier but down 0.2% from the prior quarter.
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Analysis
Morgan Stanley (MS) Rent Expense (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Morgan Stanley's Rent Expense came in at $1.93 billion, up 1.1% year-over-year; for FY2025, it was $1.87 billion, down 1.7% from FY2024.
- Rent Expense has a five-year compound annual growth rate of 3.7% (FY2020 to FY2025).
- By year, Rent Expense came in at $1.91 billion in FY2024 (+0.5%), $1.9 billion in FY2023 (+9.6%), $1.73 billion in FY2022 (+0.2%) and $1.73 billion in FY2021 (+10.6%).
- Five-year quarterly Rent Expense spans a low of $427 million in Q3 2021 and a high of $528 million in Q4 2023.
- Year over year, Rent Expense gained in four of the last eight quarters, with growth averaging 1.3%.
- The high point for year-over-year Rent Expense in five years was Q4 2023 (growth of 19.2%); the low point was Q4 2022 (a decline of 7.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $483 million (Q1 2026), $491 million (Q4 2025) and $473 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 1.48 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 1.91 Bn |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 482.00 Mn |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 316.29 Mn |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 244.00 Mn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 803.00 Mn |
| 10 | American Express | 204.37 Bn | -3.81 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 482.00 Mn |
| Mar 31, 2026 | 483.00 Mn |
| Dec 31, 2025 | 491.00 Mn |
| Sep 30, 2025 | 473.00 Mn |
| Jun 30, 2025 | 459.00 Mn |
| Mar 31, 2025 | 449.00 Mn |
| Dec 31, 2024 | 527.00 Mn |
| Sep 30, 2024 | 473.00 Mn |
| Jun 30, 2024 | 464.00 Mn |
| Mar 31, 2024 | 441.00 Mn |
| Dec 31, 2023 | 528.00 Mn |
| Sep 30, 2023 | 456.00 Mn |
| Jun 30, 2023 | 471.00 Mn |
| Mar 31, 2023 | 440.00 Mn |
| Dec 31, 2022 | 443.00 Mn |
| Sep 30, 2022 | 429.00 Mn |
| Jun 30, 2022 | 430.00 Mn |
| Mar 31, 2022 | 427.00 Mn |
| Dec 31, 2021 | 479.00 Mn |
| Sep 30, 2021 | 427.00 Mn |
API Access
Morgan Stanley Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();