MS · Morgan Stanley - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$70.64B	$61.76B	$54.14B	$53.67B	$59.76B	$48.20B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$4.66B	$5.16B	$4.26B	$4.00B	$4.22B	$3.77B
Operating Income	$21.95B	$17.60B	$11.81B	$14.09B	$19.67B	$14.42B
Interest Expense	-	-	$42.05B	$12.27B	$1.37B	$3.85B
Income Tax	$4.93B	$4.07B	$2.58B	$2.91B	$4.55B	$3.24B
Net Income	$16.86B	$13.39B	$9.09B	$11.03B	$15.03B	$11.00B
EPS - Basic	$10.32	$8.04	$5.24	$6.23	$8.16	$6.55
EPS - Diluted	$10.21	$7.95	$5.18	$6.15	$8.03	$6.46

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$111.69B	$105.39B	$89.23B	$128.13B	$127.72B	$105.65B
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$1420.27B	$1215.07B	$1193.69B	$1180.23B	$1188.14B	$1115.86B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$341.68B	$284.31B	$260.54B	$233.87B	$227.36B	$213.39B
Total Liabilities	$1307.62B	$1109.64B	$1093.71B	$1079.00B	$1081.54B	$1012.71B
Stockholders' Equity	$111.63B	$104.51B	$99.04B	$100.14B	$105.44B	$101.78B
Retained Earnings	$115.09B	$104.99B	$98.00B	$94.86B	$89.43B	$78.69B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($17.89B)	$1.36B	($33.54B)	($6.40B)	$33.97B	($25.23B)
Investing Cash Flow	($46.78B)	($29.46B)	($3.08B)	($11.63B)	($49.90B)	($37.90B)
Financing Cash Flow	$67.76B	$46.76B	($2.73B)	$22.71B	$41.55B	$83.78B
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	31.1%	28.5%	21.8%	26.3%	32.9%	29.9%
EBITDA margin	37.7%	36.8%	29.7%	33.7%	40.0%	37.7%
Net margin	23.9%	21.7%	16.8%	20.6%	25.2%	22.8%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	22.6%	23.3%	22.1%	20.9%	23.2%	22.8%
Return on assets	1.2%	1.1%	0.8%	0.9%	1.3%	1.0%
Return on equity	15.1%	12.8%	9.2%	11.0%	14.3%	10.8%
Return on invested capital	3.7%	3.5%	2.6%	3.3%	4.5%	3.5%
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	3.06	2.72	2.63	2.34	2.16	2.10
Debt / Assets	0.24	0.23	0.22	0.20	0.19	0.19
Debt / EBITDA	12.84	12.49	16.21	12.93	9.52	11.73
Interest coverage	-	-	0.3x	1.1x	14.4x	3.7x
Equity multiplier	12.72	11.63	12.05	11.79	11.27	10.96
Liabilities / Assets	0.92	0.91	0.92	0.91	0.91	0.91
Efficiency
Asset turnover	0.05	0.05	0.05	0.05	0.05	0.04
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	17.4x	15.8x	18.0x	13.8x	12.2x	10.6x
P / B	2.5x	1.9x	1.5x	1.5x	1.7x	1.1x
P / S	4.0x	3.3x	2.8x	2.7x	3.0x	2.3x
EV / EBITDA	19.3x	16.8x	20.2x	13.9x	11.6x	12.0x
Growth
Revenue growth (YoY)	14.4%	14.1%	0.9%	-10.2%	24.0%	16.4%
Revenue CAGR (3y)	9.6%	1.1%	4.0%	9.0%	14.2%	8.3%
Revenue CAGR (5y)	7.9%	8.3%	6.2%	7.2%	11.5%	8.2%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	24.8%	49.0%	-16.2%	-28.4%	36.4%	27.6%
Net income growth (YoY)	25.9%	47.4%	-17.6%	-26.6%	36.7%	21.6%
EPS growth (YoY)	28.4%	53.5%	-15.8%	-23.4%	24.3%	24.5%
EPS CAGR (3y)	18.4%	-0.3%	-7.1%	5.8%	19.3%	28.1%
EPS CAGR (5y)	9.6%	8.9%	1.8%	14.9%	22.4%	17.4%
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	6.8%	5.5%	-1.1%	-5.0%	3.6%	24.8%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$71.36B total

Institutional Securities Segment$33.08B · 46.4%

Wealth Management Segment$31.75B · 44.5%

Investment Management Segment$6.53B · 9.1%

Geographic

$70.64B total

Americas$52.90B · 74.9%

Asia$9.42B · 13.3%

EMEA$8.33B · 11.8%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9

Weak

✓Net income positive
✗Operating cash flow positive
✓ROA improved YoY
✗Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Security Brokers, Dealers & Flotation Companies

Company	Revenue (last FY)	Net margin	ROE
HOOD	$4.47B	42.1%	27.1%
SCHW	$23.92B	37.0%	17.9%
PIPR	$1.90B	14.8%	20.5%
RJF	$15.91B	13.4%	17.1%
IBKR	$6.21B	15.9%	18.3%

Comparing MORGAN STANLEY against the 5 most active filers in the same SIC group.

Dividends

$4.00/share trailing 12 months · +8.1% YoY

Ex-date	Per share
Apr 30, 2026	$1.0000
Jan 30, 2026	$1.0000
Oct 31, 2025	$1.0000
Jul 31, 2025	$1.0000
Apr 30, 2025	$0.9250
Jan 31, 2025	$0.9250
Oct 31, 2024	$0.9250
Jul 31, 2024	$0.9250
Apr 29, 2024	$0.8500
Jan 30, 2024	$0.8500
Oct 30, 2023	$0.8500
Jul 28, 2023	$0.8500
Apr 28, 2023	$0.7750
Jan 30, 2023	$0.7750
Oct 28, 2022	$0.7750
Jul 28, 2022	$0.7750
Apr 28, 2022	$0.7000
Jan 28, 2022	$0.7000
Oct 28, 2021	$0.7000
Jul 29, 2021	$0.7000
Apr 29, 2021	$0.3500
Jan 28, 2021	$0.3500
Oct 29, 2020	$0.3500
Jul 30, 2020	$0.3500