FirmAtlas
Company handbook · MS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
MS · CIK 895421 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
MORGAN STANLEY
$180.57
−1.53 (−0.84%)
Close, Oct 16, 2026 · 52-week $153–232
Last fiscal year
MORGAN STANLEY reported revenue of $5.9B for the year ended Dec 31, 2025 (FY25), up 16.5% from FY24. Net income was $16.9B and operating cash flow −$17.9B. Source: 10-K filed Feb 19, 2026.
Market cap
$285.8B
P/E
14.2
P/B
2.5
Div yield
2.30%
Revenue 1Y
16.5%/yr
EPS 1Y
28.4%/yr
Shares 1Y
−1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOEdward Pick
HQNew York, NY
AuditorDeloitte & Touche LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
18.9%
12.1%
31.9%
12.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$12.7B deployed
Dividends
$12.7B
100.0%
Operating cash flow over the period: −$16.5B. Total debt changed by +$57.4B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
1,215,071
1,420,270+16.9%
1,675,057
Cash & short-term investments
105,386
111,695+6.0%
—
Other assets
1,109,685
1,308,575+17.9%
—
Total liabilities
1,110,560
1,308,638+17.8%
1,558,728
Total debt
284,307
341,681+20.2%
383,156
Other liabilities
826,253
966,957+17.0%
—
Shareholders’ equity
104,511
111,632+6.8%
116,329
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,362
(17,889)−1413.4%
(15,587)
Net income
13,529
17,025+25.8%
—
Depreciation & amortization
5,161
4,658−9.7%
—
Stock-based compensation
1,622
1,926+18.7%
—
Working capital & other
(18,950)
(41,498)n/m
—
Cash from investing
(29,460)
(46,779)n/m
—
Investments bought
(35,327)
(36,578)n/m
—
Investments sold / matured
21,089
21,773+3.2%
—
Other investing
(15,222)
(31,974)n/m
—
Cash from financing
46,756
67,758+44.9%
—
Debt raised
108,365
139,169+28.4%
—
Debt repaid
(80,230)
(99,393)n/m
—
Dividends
(6,138)
(6,593)n/m
—
Other financing
24,759
34,575+39.6%
—
Net change in cash
16,154
6,309−60.9%
—
Where the cash went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,473
1,557
1,690
1,833
vs year-ago quarter
Net income
4,610
4,397
5,567
5,581
vs year-ago quarter
Net margin
313.0%
282.4%
329.4%
304.5%
EPS (diluted, $)
2.80
2.78
3.43
3.46
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
1,364,806
1,420,270
1,581,418
1,675,057
Cash & equivalents
103,734
111,695
133,529
160,135
Total debt
324,128
341,681
363,010
383,156
Shareholders’ equity
109,962
111,632
114,286
116,329
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
(3,332)
(2,410)
(7,098)
(2,747)