Morgan Stanley
MSNYSEFinancial Services● Active
$212.24
+$0.31(+0.15%)
Market Cap$334.8B
P/E Ratio—
52W High$219.16
52W Low$128.81
Morgan Stanley (MS) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · MS · as of 2026-06-10
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $16.86B | $13.53B | $9.09B | $11.18B | $15.12B |
| Depreciation & Amort. | $4.66B | $5.16B | $4.26B | $4.00B | $4.22B |
| Stock-Based Comp. | $1.93B | $1.62B | $1.71B | $1.88B | $2.08B |
| Change in Working Capital | $24.07B | ($19.37B) | ($49.11B) | ($23.50B) | $12.69B |
| Net Cash from Operations | $49.00B | $1.36B | ($33.54B) | ($6.40B) | $33.97B |
| Investing Activities | |||||
| Capital Expenditure | ($2.90B) | ($3.46B) | ($3.41B) | ($3.08B) | ($2.31B) |
| Purchases of Investments | ($134.02B) | ($39.19B) | ($23.08B) | ($29.83B) | ($69.57B) |
| Sales of Investments | $35.17B | $37.29B | $28.39B | $45.28B | $61.57B |
| Net Cash from Investing | ($144.22B) | ($29.46B) | ($3.08B) | ($11.63B) | ($49.90B) |
| Financing Activities | |||||
| Common Stock Repurchased | ($5.83B) | ($4.20B) | ($6.18B) | ($10.87B) | ($12.07B) |
| Dividends Paid | ($6.59B) | ($6.14B) | ($5.76B) | ($5.40B) | ($4.17B) |
| Debt Issued / Repaid | $71.46B | $28.14B | $13.62B | $37.56B | $20.15B |
| Net Cash from Financing | $98.31B | $46.76B | ($2.73B) | $22.71B | $41.55B |
| Free Cash Flow | |||||
| Free Cash Flow | $46.10B | ($2.10B) | ($36.95B) | ($9.47B) | $31.66B |
| FCF Margin %(computed) | 40.09% | -2.04% | -41.85% | -15.17% | 54.80% |
Data source: Financial Modeling Prep · Last updated: 2026-06-10 · USD · B
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About Morgan Stanley (MS) Cash Flow Statement
Morgan Stanley generated operating cash flow of $49.00B and free cash flow of $46.10B for 2025 — a FCF margin of 40.09%. Capital expenditure was ($2.90B).
Frequently asked questions
MS · 4 questionsMorgan Stanley generated free cash flow of $46.10B for 2025, up 2295.2% year-over-year.
MS free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10