Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
218.21
+0.85 (0.39%)
At close: Aug 17, 2026, 4:00 PM EDT
218.26
+0.05 (0.02%)
After-hours: Aug 17, 2026, 7:45 PM EDT
Morgan Stanley Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Revenue Revenue Growth | 77,828 | 70,296 | 61,497 | 53,611 | 53,388 | 59,751 |
Revenue Growth | 18.62% | 14.31% | 14.71% | 0.42% | -10.65% | 24.49% |
Operating Income Operating Income Growth | 31,283 | 26,243 | 21,320 | 15,951 | 17,813 | 23,362 |
Net Income Net Income Growth | 19,547 | 16,249 | 12,800 | 8,530 | 10,540 | 14,566 |
Earnings Per Share EPS Growth | 12.38 | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 |
EPS Growth | 40.18% | 28.43% | 53.47% | -15.77% | -23.41% | 24.30% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Institutional Securities Institutional Securities Growth | 38,215 | 33,080 | 28,080 | 23,060 | 24,393 | 29,833 |
Wealth Management Wealth Management Growth | 34,038 | 31,754 | 28,420 | 26,268 | 24,417 | 24,243 |
Investment Management Investment Management Growth | 6,552 | 6,525 | 5,861 | 5,370 | 5,375 | 6,220 |
Eliminations Eliminations Growth | -763 | -714 | -600 | -555 | -517 | -541 |
Revenue (Total) Revenue (Total) Growth | 78,042 | 70,645 | 61,761 | 54,143 | 53,668 | 59,755 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 & Investments Cash & Investments Growth | 739,076 | 600,391 | 532,663 | 526,501 | 553,531 | 570,016 |
Total Debt Total Debt Growth | 607,496 | 513,408 | 418,581 | 394,787 | 367,465 | 357,380 |
Net Cash (Debt) Net Cash Growth | 131,580 | 86,983 | 114,082 | 131,714 | 186,066 | 212,636 |
Net Cash Growth | 57.00% | -23.75% | -13.39% | -29.21% | -12.50% | 22.36% |
Net Cash Per Share Net Cash Per Share Growth | 83.25 | 54.64 | 70.81 | 80.02 | 108.62 | 117.22 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Cash Flow Operating Cash Flow Growth | -15,587 | -17,889 | 1,362 | -33,536 | -6,397 | 33,971 |
Capital Expenditures CapEx Growth | -2,995 | -2,898 | -3,462 | -3,412 | -3,078 | -2,308 |
Free Cash Flow Free Cash Flow Growth | -18,582 | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Margin | 40.20% | 37.33% | 34.67% | 29.75% | 33.37% | 39.10% |
Pretax Margin | 33.60% | 31.23% | 28.61% | 22.03% | 26.39% | 32.92% |
Profit Margin | 25.12% | 23.11% | 20.81% | 15.91% | 19.74% | 24.38% |
FCF Margin | -23.88% | -29.57% | -3.42% | -68.92% | -17.75% | 52.99% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 18, 2026 | 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 |
Dividend Per Share Dividend Per Share Growth | 4.600 | 3.925 | 3.625 | 3.325 | 3.025 | 2.450 |
Dividend Per Share Growth | 9.93% | 8.28% | 9.02% | 9.92% | 23.47% | 75.00% |
Dividend Yield | 2.11% | 2.25% | 3.01% | 3.86% | 4.00% | 2.91% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 18, 2026 | 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 |
PE Ratio | 17.63 | 17.36 | 15.82 | 17.94 | 13.63 | 12.09 |
Forward PE | 16.70 | 16.78 | 16.19 | 15.32 | 12.45 | 12.91 |
P/FCF Ratio | - | - | - | - | - | 5.56 |
PS Ratio | 4.40 | 4.01 | 3.29 | 2.86 | 2.69 | 2.95 |