MORGAN STANLEY MS

Financials SIC 6211 - Security Brokers, Dealers & Flotation Companies NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Investment Banking and Securities Intermediation derived NYSE

Last close 179.49 2026-10-23
Market cap $281.90B 2026-06-30 share count
52-week range 152.80 - 232.25

Valuation FY2025 figures against the last close

P/S4.8x
P/E17.6x
P/FCF—
EV/EBITDA—
Dividend yield2.3%
Diluted EPS10.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $59.06B$54.13B$45.85B$21.59B$9.41B$10.16B$17.10B$13.89B$9.00B$7.02B
Interest expense $10.05B$8.61B$8.23B$9.33B$1.37B$3.85B$12.40B$10.09B$5.70B$3.32B
Pre-tax income $21.95B$17.60B$11.81B$14.09B$19.67B$14.42B$11.30B$11.24B$10.40B$8.85B
Income tax $4.93B$4.07B$2.58B$2.91B$4.55B$3.24B$2.06B$2.35B$4.17B$2.73B
Net income $16.86B$13.39B$9.09B$11.03B$15.03B$11.00B$9.04B$8.75B$6.11B$5.98B
EPS, basic 10.328.045.246.238.166.555.264.813.142.98
EPS, diluted 10.217.955.186.158.036.465.194.733.072.92
Shares, diluted (wtd. avg.) 1.59B1.61B1.65B1.71B1.81B1.62B1.64B1.74B1.82B1.89B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $111.69B$105.39B$89.23B$128.13B$127.72B$105.65B$82.17B$87.20B$80.39B$77.36B
Goodwill $16.73B$16.71B$16.71B$16.65B$16.83B$11.63B$7.14B$6.69B$6.60B$6.58B
Other intangibles $6.01B$6.45B$7.05B$7.62B$8.36B$4.98B$2.11B$2.16B$2.44B$2.72B
Total assets $1.42T$1.22T$1.19T$1.18T$1.19T$1.12T$895.43B$853.53B$851.73B$814.95B
Short-term debt —————$24.24B$20.40B$24.69B$23.87B$26.13B
Long-term debt $341.68B$284.31B$260.54B$233.87B$227.36B$213.39B$190.06B$188.12B$191.06B$164.78B
Total liabilities $1.31T$1.11T$1.09T$1.08T$1.08T$1.01T$812.73B$772.12B$773.27B$737.77B
Retained earnings $115.09B$104.99B$98.00B$94.86B$89.43B$78.69B$70.59B$64.17B$57.58B$53.68B
Total equity $111.63B$104.51B$99.98B$101.23B$106.60B$103.15B$82.70B$81.41B$78.47B$77.18B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$17.89B$1.36B-$33.54B-$6.40B$33.97B-$25.23B$40.77B$7.30B-$4.50B$5.38B
Stock-based compensation $1.93B$1.62B$1.71B$1.88B$2.08B$1.31B$1.15B$920.0M$1.03B$1.14B
Investing cash flow -$46.78B-$29.46B-$3.08B-$11.63B-$49.90B-$37.90B-$33.56B-$22.88B-$12.39B-$19.51B
Financing cash flow $67.76B$46.76B-$2.73B$22.71B$41.55B$83.78B-$11.97B$24.20B$16.26B$7.36B
Dividends paid $6.59B$6.14B$5.76B$5.40B$4.17B$2.74B$2.63B$2.38B$2.08B$1.75B
Buybacks ———————$5.57B$4.29B$3.93B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000895421-26-000086.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20B 40B 60B Revenue, FY2016: 7B Net income, FY2016: 6B Revenue, FY2017: 9B Net income, FY2017: 6.1B Revenue, FY2018: 13.9B Net income, FY2018: 8.7B Revenue, FY2019: 17.1B Net income, FY2019: 9B Revenue, FY2020: 10.2B Net income, FY2020: 11B Revenue, FY2021: 9.4B Net income, FY2021: 15B Revenue, FY2022: 21.6B Net income, FY2022: 11B Revenue, FY2023: 45.8B Net income, FY2023: 9.1B Revenue, FY2024: 54.1B Net income, FY2024: 13.4B Revenue, FY2025: 59.1B Net income, FY2025: 16.9B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.02B $9.00B $13.89B $17.10B $10.16B $9.41B $21.59B $45.85B $54.13B $59.06B
Gross profit — — — — — — — — — —
Net income $5.98B $6.11B $8.75B $9.04B $11.00B $15.03B $11.03B $9.09B $13.39B $16.86B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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RJF RAYMOND JAMES FINANCIAL INC $30.34B 15.3x 6.6%
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FRHC Freedom Holding Corp. $10.92B 68.2x 143.0%