Morgan Stanley Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	111,695	105,386	89,232	128,127	127,725
Cash & Short-Term Investments	111,695	105,386	89,232	128,127	127,725
Cash Growth	5.99%	18.10%	-30.36%	0.32%	20.89%
Restricted Cash and Segregated Assets	120,243	118,565	110,740	113,907	119,999
Securities Borrowed	151,908	123,859	121,091	133,374	129,713
Trading Assets	428,276	331,884	367,074	301,315	294,869
Accounts Receivable	114,720	86,158	80,105	78,540	96,018
Other Current Assets	9,374	12,319	15,255	14,788	13,832
Total Current Assets	936,216	778,171	783,497	770,051	782,156
Other Intangible Assets	6,010	6,453	7,055	7,618	8,360
Goodwill	16,726	16,706	16,707	16,652	16,833
Long-Term Investments	163,556	159,679	154,807	159,931	182,998
Other Long-Term Assets	297,762	254,062	231,627	225,979	197,793
Total Assets	1,420,270	1,215,071	1,193,693	1,180,231	1,188,140
Accounts Payable	226,519	175,938	208,148	216,134	228,685
Securities Loaned	17,310	15,226	15,057	15,679	12,299
Trading Liabilities	169,569	153,764	151,513	154,438	158,328
Short-Term Debt	449,077	360,488	690,842	665,396	652,930
Other Current Liabilities	29,620	28,220	28,151	27,353	29,300
Total Current Liabilities	892,095	733,636	1,093,711	1,079,000	1,081,542
Total Liabilities	1,307,618	1,109,643	1,093,711	1,079,000	1,081,542
Preferred Stock	9,750	9,750	8,750	8,750	7,750
Common Stock	20	20	20	20	20
Treasury Stock	-38,097	-33,613	-31,139	-26,577	-17,500
Additional Paid-in Capital	31,153	30,179	29,832	29,339	28,841
Accumulated Other Comprehensive Income	-16,593	-17,020	-17,049	-16,015	-11,012
Retained Earnings	115,091	104,989	97,996	94,862	89,432
Total Common Shareholders' Equity	111,632	104,511	99,038	100,141	105,441
Minority Interest	1,020	917	944	1,090	1,157
Shareholders' Equity	112,652	105,428	99,982	101,231	106,598
Total Liabilities & Equity	1,420,270	1,215,071	1,193,693	1,180,231	1,188,140
Total Debt	449,077	360,488	690,842	665,396	652,930
Net Cash (Debt)	-337,382	-255,102	-601,610	-537,269	-525,205
Net Cash Per Share	-211.92	-158.35	-365.50	-313.64	-289.53
Book Value	111,632	104,511	99,038	100,141	105,441
Book Value Per Share	70.12	64.87	60.17	58.46	58.13
Tangible Book Value	88,896	81,352	75,276	75,871	80,248
Tangible Book Value Per Share	55.84	50.50	45.73	44.29	44.24

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.