FY2025 · ended Dec 31, 2025 · Revenue $70.64B, +14.4% YoY · Filed Feb 19, 2026
Morgan Stanley (MS) files with the SEC under industry code 6211, Security Brokers, Dealers & Flotation Companies. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $70.6 billion and net income of $16.9 billion. As of Jun 30, 2026 it held $160.1 billion in cash and investments and $392.6 billion in total debt.
Revenue (TTM)
$78.04B
+18.0% vs year-ago TTM
Net income (TTM)
$20.16B
+36.6% vs year-ago TTM
Operating cash flow (TTM)
$-15.59B
+11.8% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$12.37
+40.1% vs year-ago TTM
Dividend per share (TTM)
$4.00
+8.1% vs year-ago TTM
Shares outstanding
1.59B
-1.5% vs prior year
Net cash
$-232.42B
as of Jun 30, 2026
Operating margin
—
Company profile
- Industry
- Security Brokers, Dealers & Flotation Companies (SIC 6211)
- Listed as
- MS (NYSE), MS-PK (NYSE), MS-PE (NYSE), MS-PA (NYSE), MS-PF (NYSE), MS-PI (NYSE), MS-PL (NYSE), MS-PO (NYSE), MS-PP (NYSE), MS-PQ (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 895421
- Former names
- MORGAN STANLEY (until Nov 4, 2026); MORGAN STANLEY (until Nov 4, 2026); MORGAN STANLEY DEAN WITTER & CO (until Jul 12, 2002); MORGAN STANLEY DEAN WITTER DISCOVER & CO (until Mar 18, 1998); DEAN WITTER DISCOVER & CO (until May 8, 1997)
Other Security Brokers, Dealers & Flotation Companies companies
- Goldman Sachs Group Inc GS
- BlackRock, Inc. BLK
- Schwab Charles Corp SCHW
- Interactive Brokers Group, Inc. IBKR
- Robinhood Markets, Inc. HOOD
- Raymond James Financial Inc RJF
- Nomura Holdings Inc NMR
- Futu Holdings Ltd FUTU
All 34 Security Brokers, Dealers & Flotation Companies companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $70.6B | $61.8B | $54.1B | $53.7B | $59.8B |
| Net income | $16.9B | $13.4B | $9.1B | $11.0B | $15.0B |
| Diluted EPS | $10.21 | $7.95 | $5.18 | $6.15 | $8.03 |
| Operating cash flow | -$17.9B | $1.4B | -$33.5B | -$6.4B | $34.0B |
| Total assets | $1.4T | $1.2T | $1.2T | $1.2T | $1.2T |
| Total liabilities | $1.3T | $1.1T | $1.1T | $1.1T | $1.1T |
| Stockholders' equity | $111.6B | $104.5B | $99.0B | $100.1B | $105.4B |
| Cash and investments | $111.7B | $105.4B | $89.2B | $128.1B | $230.6B |
| Total debt | $353.9B | $293.8B | $269.1B | $243.0B | $238.3B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Oct 14, 2026 | Oct 14, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 15, 2026 | Jul 15, 2026 |
| 8-K |
Current report
Other events
|
Jun 24, 2026 | Jun 24, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 15, 2026 | May 14, 2026 |
| 10-Q | Quarterly report | May 5, 2026 | Mar 31, 2026 |
All 19465 Morgan Stanley SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.