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Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
196.31
-0.01 (-0.01%)
At close: Sep 25, 2026, 4:00 PM EDT
196.65
+0.34 (0.17%)
After-hours: Sep 25, 2026, 7:59 PM EDT

Morgan Stanley Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Net Income
5,5815,5674,3974,6103,5394,3153,7143,1883,0763,4121,5172,4082,1822,9802,2362,6322,4953,6663,6963,707
Depreciation & Amortization, Total
1,2027141,1381,3481,3078651,6451,2701,2719751,4069889229401,2079289219421,2371,035
Stock-Based Compensation
562571469449469539391372417442361367423558498528418431449500
Change in Accounts Receivable
-15,592-24,611505-13,889-4,144-9,1095,009-2,581-8,008272-3,282852-1,8674,8996,698-5,22711,9661,2273,466-332
Change in Accounts Payable
25,18531,7391,14213,25011,85624,460-38,10613,398-4,5773,73511,636-14,183-1,859777-13,180-3,436-6,27517,994-12,0719,912
Change in Other Net Operating Assets
-43,90632,272-12,903-5,41515,4143,73316,849-35,116-1,628-3,113-21,36334,54824,714-22,9545,3044,90725,193-29,247-2,702-17,109
Other Operating Activities
25814572815719454458412838-175-4589119-7091823461002633
Operating Cash Flow
-2,747-7,098-2,410-3,33211,829-23,97611,800-17,3232,5254,360-17,7523,747-9,666-9,865-13,996-7,55314,9132393492,128

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Capital Expenditures
-819-754-709-713-763-713-879-916-851-816-929-913-851-719-770-857-799-652-650-619
Investment in Securities
6,9222,916481707-4,7832,189-90-1,055-3,2462,496-7,4224,1305,5343,0681,8711,6333,5288,413-1,362-8,541
Other Investing Activities
-618-313-346-296-426-24-497-518-199-271-577-1682,390-2,568169-182-210-124-385-216
Investing Cash Flow
-7,204-6,600-13,397-10,676-17,672-5,034-10,150-6,696-13,6681,054-8,8015176,241-1,041898-4,161-8,527158-15,306-15,147

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Long-Term Debt Issued
-56,195---32,439---29,304---21,575---20,284--
Total Debt Issued
48,34456,19545,26122,31840,27632,43930,97025,92326,52629,30418,15821,00118,48621,57518,17714,51019,48920,28416,68224,491
Long-Term Debt Repaid
--28,067----21,528----17,721----15,201----11,730--
Total Debt Repaid
-25,970-28,067-28,199-26,102-23,564-21,528-25,634-15,860-21,015-17,721-15,958-14,450-19,196-15,201-7,411-6,998-9,643-11,730-12,925-16,417
Net Debt Issued (Repaid)
22,37428,12817,062-3,78416,71210,9115,33610,0635,51111,5832,2006,551-7106,37410,7667,5129,8468,5543,7578,074
Repurchase of Common Stock
-1,672-2,875-1,530-1,146-1,129-2,030-852-806-823-1,718-1,342-1,542-1,089-2,205-1,745-2,608-2,837-3,681-2,847-3,628
Dividends Paid
-1,677-1,708-1,688-1,705-1,584-1,616-1,585-1,590-1,467-1,496-1,477-1,501-1,379-1,406-1,378-1,405-1,304-1,314-1,314-1,356
Other Financing Activities
18,03512,91510,12615,7117,6685,78012,35614,386-3,6254886,313-3,147685-9,05118,332-9,060-13,6905,73218,8448,693
Financing Cash Flow
37,06036,46023,9709,07621,66713,04515,25523,048-4048,8575,694361-2,493-6,28825,975-4,567-7,9859,29119,71511,783

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Foreign Exchange Rate Adjustments
-503-928-202-4642,5671,318-2,6031,895-598-1,1981,690-1,218-3463253,554-3,309-3,201-1,327-896-1,381
Net Cash Flow
26,60621,8347,961-5,39618,391-14,64714,302924-12,14513,073-19,1693,407-6,264-16,86916,431-19,590-4,8008,3613,862-2,617

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Free Cash Flow
-3,566-7,852-3,119-4,04511,066-24,68910,921-18,2391,6743,544-18,6812,834-10,517-10,584-14,766-8,41014,114-413-3011,509
Free Cash Flow Growth (YoY)
----561.05%-----------244.16%---
Free Cash Flow Margin
-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%10.24%
Free Cash Flow Per Share
-2.27-4.98-1.97-2.546.95-15.436.79-11.341.042.19-11.501.73-6.37-6.36-8.79-4.968.19-0.23-0.170.83

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Cash Interest Paid
12,39014,19512,41410,13912,07912,46411,86111,47811,14211,87811,64111,13710,2508,9125,4802,93278462367355
Cash Income Tax Paid
1,7733988203391,8115344364068102337872706713071,3428171,6053839281,270
SEC Filings: 10-K · 10-Q