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Morgan Stanley (MS)

NYSE Financials Investment Banking & Brokerage S&P 500
$181.44
-1.00 (-0.55%)
Close of Nov 06, 2026 · end-of-day data
Source: Morgan Stanley's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$34.63B$37.95B$40.11B$41.54B$48.76B$59.76B$53.67B$54.14B$61.76B$70.64B
Interest expense$3.32B$5.70B$10.09B$12.40B$3.85B$1.37B$12.27B$42.05B——
Pre-tax income$8.85B$10.40B$11.24B$11.30B$14.42B$19.67B$14.09B$11.81B$17.60B$21.95B
Income tax$2.73B$4.17B$2.35B$2.06B$3.24B$4.55B$2.91B$2.58B$4.07B$4.93B
Net income$5.98B$6.11B$8.75B$9.04B$11.00B$15.03B$11.03B$9.09B$13.39B$16.86B
EPS (basic)$2.98$3.14$4.81$5.26$6.55$8.16$6.23$5.24$8.04$10.32
EPS (diluted)$2.92$3.07$4.73$5.19$6.46$8.03$6.15$5.18$7.95$10.21
Diluted shares1.89B1.82B1.74B1.64B1.62B1.81B1.71B1.65B1.61B1.59B
Net margin17.3%16.1%21.8%21.8%22.6%25.2%20.6%16.8%21.7%23.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$77.36B$80.39B$87.20B$82.17B$105.65B$127.72B$128.13B$89.23B$105.39B$111.69B
Goodwill$6.58B$6.60B$6.69B$7.14B$11.63B$16.83B$16.65B$16.71B$16.71B$16.73B
Total assets$814.95B$851.73B$853.53B$895.43B$1.12T$1.19T$1.18T$1.19T$1.22T$1.42T
Short-term debt$26.13B$23.87B$24.69B$20.40B$24.24B—————
Long-term debt$164.78B$191.06B$188.12B$190.06B$213.39B$227.36B$233.87B$260.54B$284.31B$341.68B
Total debt$190.90B$214.93B$212.81B$210.46B$237.63B$227.36B$233.87B$260.54B$284.31B$341.68B
Total liabilities$737.77B$773.27B$772.12B$812.73B$1.01T$1.08T$1.08T$1.09T$1.11T$1.31T
Shareholders' equity$76.05B$77.39B$80.25B$81.55B$101.78B$105.44B$100.14B$99.04B$104.51B$111.63B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$5.38B-$4.50B$7.30B$40.77B-$25.23B$33.97B-$6.40B-$33.54B$1.36B-$17.89B
Free cash flow$5.38B-$4.50B$7.30B$40.77B-$25.23B$33.97B-$6.40B-$33.54B$1.36B-$17.89B
Investing cash flow-$19.51B-$12.39B-$22.88B-$33.56B-$37.90B-$49.90B-$11.63B-$3.08B-$29.46B-$46.78B
Financing cash flow$7.36B$16.26B$24.20B-$11.97B$83.78B$41.55B$22.71B-$2.73B$46.76B$67.76B
Dividends paid$1.75B$2.08B$2.38B$2.63B$2.74B$4.17B$5.40B$5.76B$6.14B$6.59B
Stock-based compensation$1.14B$1.03B$920.00M$1.15B$1.31B$2.08B$1.88B$1.71B$1.62B$1.93B
Depreciation & amortization$1.74B$1.75B$1.84B$2.64B$3.77B$4.22B$4.00B$4.26B$5.16B$4.66B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.