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Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
189.50
+1.94 (1.03%)
Nov 11, 2026, 10:42 AM EST - Market open

Morgan Stanley Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
4,9095,5815,5674,3974,6103,5394,3153,7143,1883,0763,4121,5172,4082,1822,9802,2362,6322,4953,6663,696
Depreciation & Amortization, Total
1,1171,2027141,1381,3481,3078651,6451,2701,2719751,4069889229401,2079289219421,237
Stock-Based Compensation
542562571469449469539391372417442361367423558498528418431449
Change in Accounts Receivable
1,585-15,592-24,611505-13,889-4,144-9,1095,009-2,581-8,008272-3,282852-1,8674,8996,698-5,22711,9661,2273,466
Change in Accounts Payable
-6,92725,18531,7391,14213,25011,85624,460-38,10613,398-4,5773,73511,636-14,183-1,859777-13,180-3,436-6,27517,994-12,071
Change in Other Net Operating Assets
-36,549-43,90632,272-12,903-5,41515,4143,73316,849-35,116-1,628-3,113-21,36334,54824,714-22,9545,3044,90725,193-29,247-2,702
Other Operating Activities
11325814572815719454458412838-175-4589119-70918234610026
Operating Cash Flow
-46,024-2,747-7,098-2,410-3,33211,829-23,97611,800-17,3232,5254,360-17,7523,747-9,666-9,865-13,996-7,55314,913239349

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-945-819-754-709-713-763-713-879-916-851-816-929-913-851-719-770-857-799-652-650
Investment in Securities
1,0496,9222,916481707-4,7832,189-90-1,055-3,2462,496-7,4224,1305,5343,0681,8711,6333,5288,413-1,362
Other Investing Activities
-330-618-313-346-296-426-24-497-518-199-271-577-1682,390-2,568169-182-210-124-385
Investing Cash Flow
-8,315-7,204-6,600-13,397-10,676-17,672-5,034-10,150-6,696-13,6681,054-8,8015176,241-1,041898-4,161-8,527158-15,306

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Long-Term Debt Issued
--56,195---32,439---29,304---21,575---20,284-
Total Debt Issued
36,60948,34456,19545,26122,31840,27632,43930,97025,92326,52629,30418,15821,00118,48621,57518,17714,51019,48920,28416,682
Long-Term Debt Repaid
---28,067----21,528----17,721----15,201----11,730-
Total Debt Repaid
-33,180-25,970-28,067-28,199-26,102-23,564-21,528-25,634-15,860-21,015-17,721-15,958-14,450-19,196-15,201-7,411-6,998-9,643-11,730-12,925
Net Debt Issued (Repaid)
3,42922,37428,12817,062-3,78416,71210,9115,33610,0635,51111,5832,2006,551-7106,37410,7667,5129,8468,5543,757
Repurchase of Common Stock
-1,564-1,672-2,875-1,530-1,146-1,129-2,030-852-806-823-1,718-1,342-1,542-1,089-2,205-1,745-2,608-2,837-3,681-2,847
Dividends Paid
-1,911-1,677-1,708-1,688-1,705-1,584-1,616-1,585-1,590-1,467-1,496-1,477-1,501-1,379-1,406-1,378-1,405-1,304-1,314-1,314
Other Financing Activities
32,61018,03512,91510,12615,7117,6685,78012,35614,386-3,6254886,313-3,147685-9,05118,332-9,060-13,6905,73218,844
Financing Cash Flow
32,56437,06036,46023,9709,07621,66713,04515,25523,048-4048,8575,694361-2,493-6,28825,975-4,567-7,9859,29119,715

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
309-503-928-202-4642,5671,318-2,6031,895-598-1,1981,690-1,218-3463253,554-3,309-3,201-1,327-896
Net Cash Flow
-21,46626,60621,8347,961-5,39618,391-14,64714,302924-12,14513,073-19,1693,407-6,264-16,86916,431-19,590-4,8008,3613,862

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
-46,969-3,566-7,852-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-301
Free Cash Flow Growth (YoY)
-----561.05%-----------244.16%--
Free Cash Flow Margin
-232.64%-16.78%-38.34%-17.45%-22.20%66.68%-140.25%67.80%-119.18%11.20%23.41%-144.89%21.57%-79.10%-74.10%-116.62%-64.94%108.31%-2.80%-2.07%
Free Cash Flow Per Share
-29.99-2.27-4.98-1.97-2.546.95-15.436.79-11.341.042.19-11.501.73-6.37-6.36-8.79-4.968.19-0.23-0.17

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
13,48512,39014,19512,41410,13912,07912,46411,86111,47811,14211,87811,64111,13710,2508,9125,4802,93278462367
Cash Income Tax Paid
1,1011,7733988203391,8115344364068102337872706713071,3428171,605383928
SEC Filings: 10-K · 10-Q