Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
215.33
-1.00 (-0.46%)
At close: Aug 10, 2026, 4:00 PM EDT
214.55
-0.78 (-0.36%)
Pre-market: Aug 11, 2026, 5:22 AM EDT
Morgan Stanley Cash Flow Statement
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 |
Net Income | 20,370 | 17,025 | 13,529 | 9,230 | 11,179 | 15,120 |
Depreciation & Amortization | 4,402 | 4,658 | 5,161 | 4,256 | 3,998 | 4,216 |
Stock-Based Compensation | 2,051 | 1,926 | 1,622 | 1,709 | 1,875 | 2,085 |
Other Adjustments | 726 | 1,318 | 420 | 377 | 49 | -139 |
Changes in Restricted Cash and Segregated Assets | 9,904 | 26,794 | -20,409 | 3,284 | 6,438 | 7,836 |
Changes in Securities Borrowed | -41,399 | -28,049 | -2,768 | 12,283 | -3,661 | -17,322 |
Changes in Trading Assets | -31,474 | -67,716 | 34,496 | -61,026 | -39,422 | 9,075 |
Change in Receivables | -53,587 | -26,637 | -5,308 | 602 | 14,664 | 774 |
Changes in Securities Loaned | 1,543 | 2,084 | 169 | -622 | 3,380 | 4,568 |
Changes in Accounts Payable | 71,316 | 50,708 | -25,550 | -3,629 | -4,897 | 7,758 |
Operating Cash Flow | -15,587 | -17,889 | 1,362 | -33,536 | -6,397 | 33,971 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Capital Expenditures | -2,995 | -2,898 | -3,462 | -3,412 | -3,078 | -2,308 |
Purchases of Investments | -35,853 | -36,578 | -39,187 | -23,078 | -29,833 | -69,571 |
Proceeds from Sale of Investments | 46,879 | 35,172 | 37,292 | 28,388 | 45,278 | 61,568 |
Cash Acquisitions | - | - | - | - | - | -2,648 |
Other Investing Activities | -45,908 | -42,475 | -24,103 | -4,982 | -23,999 | -36,938 |
Investing Cash Flow | -37,877 | -46,779 | -29,460 | -3,084 | -11,632 | -49,897 |
Long-Term Debt Issued | 169,272 | 139,169 | 108,365 | 78,424 | 72,460 | 90,273 |
Long-Term Debt Repaid | -108,338 | -99,393 | -80,230 | -64,805 | -34,898 | -70,124 |
Net Long-Term Debt Issued (Repaid) | 60,934 | 39,776 | 28,135 | 13,619 | 37,562 | 20,149 |
Repurchase of Common Stock | -7,223 | -5,835 | -4,199 | -6,178 | -10,871 | -12,075 |
Net Common Stock Issued (Repurchased) | -7,223 | -5,835 | -4,199 | -6,178 | -10,871 | -12,075 |
Issuance of Preferred Stock | - | - | 995 | - | 994 | 1,275 |
Net Preferred Stock Issued (Repurchased) | - | - | 995 | - | 994 | 1,275 |
Common Dividends Paid | -6,778 | -6,593 | -6,138 | -5,763 | -5,401 | -4,171 |
Other Financing Activities | 59,633 | 40,410 | 27,963 | -4,404 | 430 | 36,369 |
Financing Cash Flow | 106,566 | 67,758 | 46,756 | -2,726 | 22,714 | 41,547 |
Foreign Exchange Rate Adjustments | -2,097 | 3,219 | -2,504 | 451 | -4,283 | -3,550 |
Net Cash Flow | 51,005 | 6,309 | 16,154 | -38,895 | 402 | 22,071 |
Free Cash Flow | -18,582 | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 |
Free Cash Flow Growth | - | - | - | - | - | - |
FCF Margin | -23.81% | -29.42% | -3.40% | -68.24% | -17.65% | 52.99% |
Free Cash Flow Per Share | -11.76 | -13.06 | -1.30 | -22.45 | -5.53 | 17.45 |
Levered Free Cash Flow | 91,778 | 41,606 | 28,572 | -26,717 | 10,860 | 48,538 |
Unlevered Free Cash Flow | 31,667 | 2,606 | 1,166 | -39,636 | -26,063 | 28,943 |