MORGAN STANLEY

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 5, 2026

MS$187.10+3.1%Stored close · as of Nov 9, 2026

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Contents

Financial Data Supplement (Unaudited)

Table of Contents

Financial Data Supplement(Unaudited)

Average Balances and Interest Rates and Net Interest Income

	Three Months Ended March 31,
2026 · 2025
$ in millions · Average Daily Balance · Interest · Annualized Average Rate · Average Daily Balance · Interest · Annualized Average Rate
Interest earning assets
Cash and cash equivalents:
U.S.	$68,236	$486	2.9%	$55,223		$447	3.3%
Non-U.S.	53,613	213	1.6%	42,083		212	2.0%
Investment securities1	163,967	1,343	3.3%	158,395		1,280	3.3%
Loans1	283,227	3,582	5.1%	241,885		3,325	5.6%
Securities purchased under agreements to resell2:
U.S.	79,628	2,363	12.0%	66,638		2,213	13.5%
Non-U.S.	47,736	1,131	9.6%	41,448		1,203	11.8%
Securities borrowed3:
U.S.	136,635	1,646	4.9%	113,539		1,048	3.7%
Non-U.S.	21,579	52	1.0%	16,125		68	1.7%
Trading assets, net of Trading liabilities:
U.S.	155,501	1,659	4.3%	111,891		1,248	4.5%
Non-U.S.	31,263	275	3.6%	18,435		191	4.2%
Customer receivables and Other:
U.S.	82,527	1,948	9.6%	60,918		2,006	13.4%
Non-U.S.	25,462	575	9.2%	16,474		507	12.5%
Total	$1,149,374	$15,273	5.4%	$943,054		$13,748	5.9%
Interest bearing liabilities
Deposits1	$411,670	$2,557	2.5%	$370,745		$2,522	2.8%
Borrowings1,4	350,516	3,183	3.7%	282,999		3,018	4.3%
Securities sold under agreements to repurchase5,7:
U.S.	67,114	2,354	14.2%	18,108		1,786	40.0%
Non-U.S.	71,168	1,261	7.2%	50,533		1,283	10.3%
Securities loaned6,7:
U.S.	11,141	515	18.7%	10,093		29	1.2%
Non-U.S.	7,500	256	13.8%	6,048		227	15.2%
Customer payables and Other:
U.S.	154,071	1,661	4.4%	119,309		1,776	6.0%
Non-U.S.	76,704	783	4.1%	58,052		754	5.3%
Total	$1,149,884	$12,570	4.4%	$915,887		$11,395	5.0%
Net interest income and net interest rate spread	$2,703	1.0%	$2,353		0.9%

Amounts include primarily U.S. balances.
Includes interest paid on Securities purchased under agreements to resell.
Includes fees paid on Securities borrowed.
Average daily balance includes borrowings carried at fair value but, for certain borrowings, interest expense is considered part of fair value and is recorded in Trading revenues.
Includes interest received on Securities sold under agreements to repurchase.
Includes fees received on Securities loaned.
The annualized average rate was calculated using (a) interest expense incurred on all securities sold under agreements to repurchase and securities-loaned transactions, whether or not such transactions were reported in the balance sheet and (b) net average on-balance sheet balances, which exclude certain securities-for-securities transactions.

75	March 2026 Form 10-Q

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.