MS MORGAN STANLEY
NYSEFinancialsSecurity Brokers, Dealers & Flotation CompaniesNew York, NYFY ends December 31
FY2025 at a glance
Fundamentals from SEC filings, not quotes- Revenue
- $70.6BYoYup 14.38%ended Dec 31, 2025
- Net income
- $16.9B23.9% margin
- Diluted EPS
- $10.21YoYup 28.43%
- Free cash flow
- —
- Cash
- $112B
- Total debt
- —Not meaningful for financial companies
Overview
MORGAN STANLEY (MS) is listed on NYSE; the SEC classifies it under "Security Brokers, Dealers & Flotation Companies".
For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $70.65B, up 14.4% from fiscal 2024.
Net income was $16.86B, a net margin of 23.9%.
At fiscal year end it had total assets of $1.42T and stockholders' equity of $111.63B (7.9% of assets).
Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
- Fiscal years shown
- FY2021–FY2025 (5 years)
- Latest 10-K
- Feb 19, 2026
- Latest filing
- 8-KOct 14, 2026
Charts
Revenue and net income
| Period | Revenue | Net income | Net margin |
|---|---|---|---|
| FY2021 | $59.8B | $15B | 25.2% |
| FY2022 | $53.7B | $11B | 20.6% |
| FY2023 | $54.1B | $9.09B | 16.8% |
| FY2024 | $61.8B | $13.4B | 21.7% |
| FY2025 | $70.6B | $16.9B | 23.9% |
Diluted EPS
| Period | EPS (diluted) |
|---|---|
| FY2021 | $8.03 |
| FY2022 | $6.15 |
| FY2023 | $5.18 |
| FY2024 | $7.95 |
| FY2025 | $10.21 |
Shares outstanding
| Period | Shares outstanding |
|---|---|
| FY2021 | 1.77B |
| FY2022 | 1.68B |
| FY2023 | 1.63B |
| FY2024 | 1.61B |
| FY2025 | 1.58B |
Cash vs total debt
| Period | Cash & equivalents |
|---|---|
| FY2021 | $128B |
| FY2022 | $128B |
| FY2023 | $89.2B |
| FY2024 | $105B |
| FY2025 | $112B |
Total debt: Not meaningful for financial companies
Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Ratios
Profitability
- Gross marginNot meaningful for financial companies
- —
- Net margin
- 23.9%
- Return on equity
- 15.6%
- Return on assets
- 1.3%
Growth
| Metric | 1y | 3y CAGR |
|---|---|---|
| Revenue | up 14.38% | up 9.59% |
| EPS (diluted) | up 28.43% | up 18.41% |
| Free cash flow | — | — |
- Change in share count
- -1.48%
Financial strength
- Current ratioNot meaningful for financial companies
- —
- Debt / equityNot meaningful for financial companies
- —
- Liabilities / assets
- 92.1%
- Net debtNot meaningful for financial companies
- —
- Interest coverageNot meaningful for financial companies
- —
- Equity / assets
- 7.9%
Shareholder returns
Not reported in this company's 10-K data yet.
Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
Quality screens
Piotroski F-Score
Not meaningful for financial companies.
Altman Z''-Score
Not meaningful for financial companies.
Screening heuristic, not a recommendation. Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 70,645 | 61,761 | 54,143 | 53,668 | 59,755 |
| YoY (Revenue) | +14.38% | +14.07% | +0.89% | -10.19% | — |
| Net income | 16,861 | 13,390 | 9,087 | 11,029 | 15,034 |
| YoY (Net income) | +25.92% | +47.35% | -17.61% | -26.64% | — |
| EPS (diluted) | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 |
| YoY (EPS (diluted)) | +28.43% | +53.47% | -15.77% | -23.41% | — |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash & equivalents | 111,695 | 105,386 | 89,232 | 128,127 | 127,725 |
| Total assets | 1,420,270 | 1,215,071 | 1,193,693 | 1,180,231 | 1,188,140 |
| Total liabilities | 1,307,618 | 1,109,643 | 1,093,711 | 1,079,000 | 1,081,542 |
| Stockholders' equity | 111,632 | 104,511 | 99,038 | 100,141 | 105,441 |
| Shares outstanding | 1,583 | 1,607 | 1,627 | 1,675 | 1,772 |
Key financials (annual, 10-K)
Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.
Filing timeline
- 8-KCurrent report· Oct 14, 2026(SEC EDGAR)
- 10-QQuarterly report· Jun 30, 2026(SEC EDGAR)
- 8-KCurrent report· Jul 15, 2026(SEC EDGAR)
- 8-KCurrent report· Jun 24, 2026(SEC EDGAR)
- 8-KCurrent report· May 14, 2026(SEC EDGAR)
- 10-QQuarterly report· Mar 31, 2026(SEC EDGAR)
- 8-KCurrent report· Apr 15, 2026(SEC EDGAR)
- DEF 14AProxy statement· May 14, 2026(SEC EDGAR)
- S-3Registration statement(SEC EDGAR)
- 10-KAnnual report· Dec 31, 2025(SEC EDGAR)
Peers (same SIC code)
| Ticker | Revenue (FY) | YoY | Net margin | ROE | F-Score | 5y revenue |
|---|---|---|---|---|---|---|
| MSMORGAN STANLEY (This company) | $70.6B | — | 23.9% | — | — | — |
| GSGOLDMAN SACHS GROUP INC | $58.3B | — | 29.5% | — | — | — |
| BLKBlackRock, Inc. | $24.2B | — | 22.9% | 10.7% | — | |
| SCHWSCHWAB CHARLES CORP | $23.9B | up 22.01% | 37.0% | 18.1% | — | |
| IBKRInteractive Brokers Group, Inc. | $6.21B | up 19.67% | — | — | — | |
| Peer median | $24.1B | up 20.84% | 29.5% | 14.4% | — | — |
Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.
Frequently asked questions
What does MORGAN STANLEY do?
The SEC classifies MORGAN STANLEY under Standard Industrial Classification (SIC) code 6211, "Security Brokers, Dealers & Flotation Companies". It is headquartered in New York, NY. It is incorporated in DE. In fiscal 2025 it reported revenue of $70.65B and net income of $16.86B in its annual 10-K report.
What was MORGAN STANLEY's revenue in 2025?
MORGAN STANLEY reported revenue of $70.65B for fiscal 2025, which ended Dec 31, 2025, up 14.4% from $61.76B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 19, 2026.
What was MORGAN STANLEY's net income in 2025?
MORGAN STANLEY reported net income of $16.86B for fiscal 2025, a net margin of 23.9% of revenue.
Where is MORGAN STANLEY listed?
According to the SEC, MORGAN STANLEY's ticker MS is listed on NYSE. The SEC also lists the tickers MS-PK, MS-PE, MS-PA, MS-PF, MS-PI, MS-PL, MS-PO, MS-PP and MS-PQ for the company.
When does MORGAN STANLEY's fiscal year end?
According to the SEC, MORGAN STANLEY's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.
Source: SEC EDGAR · Last updated:
Ver en españolNot investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.