Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Morgan Stanley Revenue & Financial Statements
Morgan Stanley reported revenue of $59.1B for the fiscal year ended December 31, 2025, up 11.1% year over year, with net income of $17.0B and diluted EPS of $10.21.
- Company
- Morgan Stanley MS · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 51.7B | 44.3B | 45.9B | 53.1B | 59.1B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Pretax income | 19.7B | 14.1B | 11.8B | 17.6B | 22.0B |
| Net income | 14.6B | 10.5B | 8.5B | 12.8B | 17.0B |
| Diluted EPS | 8.03 | 6.15 | 5.18 | 7.95 | 10.21 |
| EBITDA | — | — | — | — | — |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.3B | 13.0B | 13.2B | 13.7B | 15.4B | 14.4B | 15.7B | 15.0B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| Pretax income | 4.4B | 4.1B | 4.2B | 4.9B | 5.5B | 4.6B | 6.0B | 5.8B |
| Net income | 3.3B | 2.9B | 3.0B | 3.6B | 4.2B | 3.4B | 4.5B | 4.4B |
| Diluted EPS | 2.02 | 1.82 | 1.88 | 2.22 | 2.60 | 2.13 | 2.80 | 2.68 |
| EBITDA | — | — | — | — | — | — | — | — |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 1,188.1B | 1,180.2B | 1,193.7B | 1,215.1B | 1,420.3B |
| Current assets | — | — | — | — | — |
| Cash & equivalents | 127.7B | 128.1B | 89.2B | 105.4B | 111.7B |
| Total liabilities | 1,081.5B | 1,079.0B | 1,093.7B | 1,109.6B | 1,307.6B |
| Current liabilities | — | — | — | — | — |
| Long-term debt | 227.4B | 233.9B | 260.5B | 284.3B | 341.7B |
| Total debt | 227.4B | 233.9B | 260.5B | 284.3B | 341.7B |
| Stockholders’ equity | 105.4B | 100.1B | 99.0B | 104.5B | 111.6B |
| Net debt | 99.6B | 105.7B | 171.3B | 178.9B | 230.0B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 34.0B | (6.4B) | (33.5B) | 1.4B | (17.9B) |
| Investing cash flow | (49.9B) | (11.6B) | (3.1B) | (29.5B) | (46.8B) |
| Financing cash flow | 41.5B | 22.7B | (2.7B) | 46.8B | 67.8B |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| Dividends paid | 4.2B | 5.4B | 5.8B | 6.1B | 6.6B |
| Stock-based compensation | 2.1B | 1.9B | 1.7B | 1.6B | 1.9B |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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