MS Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
n/m
Q1
78
Q2
-3
Q3
-7
2025
Q4
-21
Q1
12
2026
Q2
40
0
Mix
Other MS Charts
More quarter-by-quarter fundamentals for Morgan Stanley
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Revenue
EPS
Free Cash Flow
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Banking & Finance Comparison
1 / 3
JPM · Rule of 40
2026 Q2 · latest
43.1✓ Passing
Growth +17.9%
FCF +25.2%
31
Q3
29
2024
Q4
25
Q1
13
Q2
23
Q3
22
2025
Q4
29
Q1
43
2026
Q2
40
0
Mix
GS · Rule of 40
2026 Q2 · latest
70.8✓ Passing
Growth +43.2%
FCF +27.5%
n/m
Q1
n/m
Q2
56
Q3
2
2025
Q4
n/m
Q1
71
2026
Q2
40
0
Mix
BAC · Rule of 40
2026 Q2 · latest
107.0✓ Passing
Growth +15.0%
FCF +92.0%
-3
Q1
-29
Q2
n/m
Q3
-74
2025
Q4
n/m
Q1
107
2026
Q2
40
0
Mix
Latest Rule of 40: +12 (2026Q2); −66 pts YoY.
Across the 6 quarters from 2025Q1 to 2026Q2, Rule of 40 ranged from −21 in 2026Q1 to +78 in 2025Q2.