Morgan Stanley (MS) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institu...
Morgan Stanley's revenue increased 14.4% year over year, from $61.76B to $70.64B.
Net income increased 25.9% over the same period, from $13.39B to $16.86B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 104% in total.
Total debt increased by 22.7% to $513.41B.
The debt-to-equity ratio stands at 4.60, indicating a high leverage profile.
Operating cash flow declined 1413.4% to $-17.89B.
Morgan Stanley maintains a strong net profit margin of 23.9%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $15.38B+2.4% | $3.19B | $4.22B | $-17.32B | $1.26T | $424.73B | $103.65B |
| Q4 FY2024 | $16.22B+5.5% | $3.71B | $4.91B | $11.80B | $1.22T | $418.58B | $104.51B |
| Q1 FY2025 | $17.74B+9.3% | $4.32B | $5.54B | $-23.98B | $1.30T | $449.34B | $106.81B |
| Q2 FY2025 | $16.79B-5.3% | $3.54B | $4.62B | $11.83B | $1.35T | $479.19B | $108.18B |
| Q3 FY2025 | $18.22B+8.5% | $4.61B | $6.03B | $-3.33B | $1.36T | $467.03B | $109.96B |
| Q4 FY2025 | $17.89B-1.8% | $4.40B | $5.76B | $-2.41B | $1.42T | $513.41B | $111.63B |
| Q1 FY2026 | $20.58B+15.0% | $5.57B | $7.01B | $-7.10B | $1.58T | $579.51B | $115.38B |
| Q2 FY2026 | $21.35B+3.7% | $5.58B | $10.14B | $-2.75B | $1.68T | $607.50B | $117.44B |
Balance Sheet Summary (Q2 FY2026)
Morgan Stanley (MS) Financial Statements & Revenue History
Morgan Stanley (MS) is a US-listed stock operating in the Financial Services sector, specifically the Security Brokers, Dealers & Flotation Companies industry trading at $180.70 with a market capitalization of $284. This page provides 42 historical financial statements for Morgan Stanley, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Morgan Stanley reported revenue of $70.6 billion, representing 14.4% year-over-year growth. The net profit margin of 23.9% reflects strong profitability. The debt-to-equity ratio of 4.60 signals high leverage.
MS Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Morgan Stanley's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether MS is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track MS's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Morgan Stanley converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of MS's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use MS Financial Data
Investors use Morgan Stanley's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare MS's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how MS's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View MS's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Morgan Stanley's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.MS trades on NYSE. This page is for informational purposes only and is not financial advice.