Morgan Stanley
MS- Exchange
- NYSE
- Industry
- Security Brokers, Dealers & Flotation Companies
- SEC CIK
- 0000895421
No open-market purchases or sales by Morgan Stanley insiders were filed in the last 90 days; 2,756 institutions reported holding it in 13F filings for Q2 2026, worth $281.8B in total; superinvestors Viking Global Investors and Soros Fund Management hold it.
Other share classesMS.PAMS.PEMS.PFMS.PIMS.PKMS.PLMS.POMS.PPMS.PQ
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 15, 2026 | Jan 16, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 19, 2022 |
| Revenue | $70.6B | $61.8B | $54.1B | $53.7B | $59.8B |
| Interest expense | – | – | $42.1B | $12.3B | $1.37B |
| Income tax | $4.93B | $4.07B | $2.58B | $2.91B | $4.55B |
| Net income | $16.9B | $13.4B | $9.09B | $11.0B | $15.0B |
| EPS, basic | $10.32 | $8.04 | $5.24 | $6.23 | $8.16 |
| EPS, diluted | $10.21 | $7.95 | $5.18 | $6.15 | $8.03 |
| Weighted shares, basic | 1.57B | 1.59B | 1.63B | 1.69B | 1.78B |
| Weighted shares, diluted | 1.59B | 1.61B | 1.65B | 1.71B | 1.81B |
| Margins and growth | |||||
| Net margin | 23.9% | 21.7% | 16.8% | 20.6% | 25.2% |
| Revenue growth, year over year | +14.4% | +14.1% | +0.9% | −10.2% | +24.0% |
| Net income growth, year over year | +25.9% | +47.4% | −17.6% | −26.6% | +36.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 15, 2026 | Jan 16, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 19, 2022 |
| Cash and equivalents | $111.7B | $105.4B | $89.2B | $128.1B | $127.7B |
| Goodwill | $16.7B | $16.7B | $16.7B | $16.7B | $16.8B |
| Intangible assets | $6.01B | $6.45B | $7.05B | $7.62B | $8.36B |
| Total assets | $1.42T | $1.22T | $1.19T | $1.18T | $1.19T |
| Long-term debt | $341.7B | $284.3B | $260.5B | $233.9B | $227.4B |
| Total liabilities | $1.31T | $1.11T | $1.09T | $1.08T | $1.08T |
| Shareholders' equity | $112.7B | $105.4B | $100.0B | $101.2B | $106.6B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 15, 2026 | Jan 16, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 19, 2022 |
| Operating cash flow | -$17.9B | $1.36B | -$33.5B | -$6.40B | $34.0B |
| Depreciation and amortization | $4.66B | $5.16B | $4.26B | $4.00B | $4.22B |
| Stock-based compensation | $1.93B | $1.62B | $1.71B | $1.88B | $2.08B |
| Dividends paid | $6.59B | $6.14B | $5.76B | $5.40B | $4.17B |
| Investing cash flow | -$46.8B | -$29.5B | -$3.08B | -$11.6B | -$49.9B |
| Financing cash flow | $67.8B | $46.8B | -$2.73B | $22.7B | $41.5B |
| Net change in cash | $6.31B | $16.2B | -$38.9B | $402.0M | $22.1B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.7% | 2.6% | 3.2% | 3.5% | 3.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 1.56B | −1.7% | SEC |
| Jul 31, 2026 | 1.57B | −1.6% | SEC |
| Apr 30, 2026 | 1.58B | −1.7% | SEC |
| Jan 31, 2026 | 1.59B | −1.5% | SEC |
| Oct 31, 2025 | 1.59B | −1.3% | SEC |
| Jul 31, 2025 | 1.60B | −1.3% | SEC |
| Apr 30, 2025 | 1.60B | −1.3% | SEC |
| Jan 31, 2025 | 1.61B | −1.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.