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NYSE · Financials

MORGAN STANLEY (MS)

As-reported financials and recent SEC filings for MORGAN STANLEY, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

Snapshot

Revenue
$59.06B
Revenue growth (YoY)
9.1%
Net income
$16.86B
Diluted EPS
$10.21
Gross margin
Operating margin
Net margin
28.5%
FCF margin
ROE
15.0%
P/E (TTM)
17.3×
Market cap
$337.29B
Debt / equity
3.0×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Morgan Stanley

  • Revenue grew 9.1% to $59.1B in FY2025, slower than the 18.1% the year before.
  • Most recent quarter Q1 FY2026: revenue $20.6B, up 16.0% from Q1 FY2025.
  • Net income rose 25.9% to $16.9B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Morgan Stanley’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin28.5%
79th percentile of 378
Revenue growth (YoY)+9.1%
47th percentile of 420
ROE15.0%
76th percentile of 375
P/E (TTM)17.3×
68th percentile of 316
Debt / equity3.03×
95th percentile of 193
Short interest3.14d
31st percentile of 419

Morgan Stanley’s debt to equity of 3.03 ranks in the 95th percentile of the 193 Financials companies reporting it.

No open-market insider buys in the last 90 days; 4 insider sales totaling $8.7M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
9
2 new, 7 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$2.52B
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ1 2026$657.8M4.0MAdded
Two Sigma InvestmentsquantQ1 2026$615.4M3.7MAdded
Citadel AdvisorsquantQ1 2026$471.5M2.9MReduced
D. E. ShawquantQ1 2026$306.8M1.9MAdded
Point72 Asset ManagementquantQ1 2026$238.0M1.4MAdded
Renaissance TechnologiesquantQ1 2026$110.9M674.1KNew
AQR Capital ManagementquantQ1 2026$91.2M561.7KAdded
Hound PartnersQ1 2026$23.3M141.6KNew
Gotham Asset ManagementQ1 2026$7.4M45.2KAdded
Bridgewater AssociatesQ1 2026$2.4M14.8KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
4
$8.7M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-17
Pizzi Michael A.Head Technology & OperationsSell17.1K$215.00$3.7M
2026-07-17
Pizzi Michael A.Head Technology & OperationsSell7.1K$216.88$1.5M
2026-07-16
filed 2026-07-17
YESHAYA SHARONChief Financial OfficerSell9.2K$222.51$2.0M
2026-07-16
filed 2026-07-17
YESHAYA SHARONChief Financial OfficerSell6.4K$222.51$1.4M
2026-04-20
GROSSMAN ERIC FChief Legal/Admin OfficerSell5.6K$191.50$1.1M
2026-04-20
GROSSMAN ERIC FChief Legal/Admin OfficerSell5.6K$190.00$1.1M
2026-04-17
SIMKOWITZ DANIEL ACo-PresidentSell14.7K$189.24$2.8M
2026-04-16
filed 2026-04-17
SAPERSTEIN ANDREW MCo-PresidentSell33.5K$188.37$6.3M
2026-04-16
filed 2026-04-17
CRAWLEY MANDELLChief Client OfficerSell13.3K$188.38$2.5M
2026-04-16
filed 2026-04-17
SAPERSTEIN ANDREW MCo-PresidentSell6.6K$187.20$1.2M
2026-04-16
filed 2026-04-17
SAPERSTEIN ANDREW MCo-PresidentSell6.4K$189.15$1.2M
2026-04-16
filed 2026-04-17
SAPERSTEIN ANDREW MCo-PresidentSell3.2K$191.30$610K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
17.2M
settled 2026-07-15
Change vs prior
-2.6%
vs previous settlement
Days to cover
3.14
at avg daily volume
Avg daily volume
5.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1517.2M-2.6%3.14
2026-06-3017.7M-1.3%2.46
2026-06-1517.9M-2.0%3.04
2026-05-2918.3M+19.1%3.07
2026-05-1515.3M+5.0%2.95
2026-04-3014.6M-5.7%2.77
2026-04-1515.5M-4.8%2.42
2026-03-3116.3M-8.7%2.13

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$59.06B$54.13B$45.85B$53.67B$59.76B
Gross profit
Operating income
Net income$16.86B$13.39B$9.09B$11.03B$15.03B
Diluted EPS$10.21$7.95$5.18$6.15$8.03

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$111.69B$105.39B$89.23B$128.13B$127.72B
Current assets
Total assets$1.42T$1.22T$1.19T$1.18T$1.19T
Current liabilities
Long-term debt$341.68B$284.31B$260.54B$233.87B$227.36B
Total liabilities$1.31T$1.11T$1.09T$1.08T$1.08T
Total equity$112.65B$105.43B$99.98B$101.23B$106.60B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-17.89B$1.36B$-33.54B$-6.40B$33.97B
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$20.58B16.0%$5.57B$3.43
Q4 FY2025$6.31B-26.6%$4.40B$2.77
Q3 FY2025$18.22B18.5%$4.61B$2.80
Q2 FY2025$16.79B11.8%$3.54B$2.13
Q1 FY2025$17.74B17.2%$4.32B$2.60
Q4 FY2024$8.60B86.8%$3.71B$2.31
Q3 FY2024$15.38B15.9%$3.19B$1.88
Q2 FY2024$15.02B11.6%$3.08B$1.82

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industrySecurity Brokers, Dealers & Flotation Companies
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2025
SEC CIK895421

Recent SEC filings

10-K2026-02-19
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-11-03
View on EDGAR →
10-Q2025-08-04
View on EDGAR →
8-K2026-07-15
View on EDGAR →
8-K2026-06-24
View on EDGAR →
8-K2026-05-15
View on EDGAR →
8-K2026-04-15
View on EDGAR →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.