MORGAN STANLEY MS
Last close
217.72
2026-09-04
Market cap
$341.94B
2026-06-30 share count
52-week range
147.25 - 232.25
Valuation FY2025 figures against the last close
P/S5.8x
P/E21.3x
P/FCF—
EV/EBITDA—
Dividend yield1.9%
Diluted EPS10.21
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 10.32 | 8.04 | 5.24 | 6.23 | 8.16 | 6.55 | 5.26 | 4.81 | 3.14 | 2.98 |
| EPS, diluted | 10.21 | 7.95 | 5.18 | 6.15 | 8.03 | 6.46 | 5.19 | 4.73 | 3.07 | 2.92 |
| Shares, diluted (wtd. avg.) | $1.59B | $1.61B | $1.65B | $1.71B | $1.81B | $1.62B | $1.64B | $1.74B | $1.82B | $1.89B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 6211
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GS | GOLDMAN SACHS GROUP INC | $302.41B | 20.2x | -1.3% |
| SCHW | SCHWAB CHARLES CORP | $189.00B | 23.5x | 22.0% |
| BLK | BlackRock, Inc. | $173.87B | 31.8x | 18.7% |
| HOOD | Robinhood Markets, Inc. | $109.78B | 59.6x | 51.6% |
| IBKR | Interactive Brokers Group, Inc. | $41.48B | 41.7x | 23.4% |
| RJF | RAYMOND JAMES FINANCIAL INC | $34.30B | 17.3x | 6.6% |
| SEIC | SEI INVESTMENTS CO | $13.25B | 19.6x | 8.1% |
| SF | STIFEL FINANCIAL CORP | $12.57B | 13.9x | 14.5% |