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MORGAN STANLEY

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MSCIK 000089542118 fiscal years, 69 SEC filingsBank lens ↓

RevenueFY2025

$70.64B14.4%

Net incomeFY2025

$16.86B25.9%

Diluted EPSFY2025

$10.2128.4%

Trends

FY2009–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 3.0× since FY2009 · net margin 5.8% → 23.9%

MarginsNet marginFCF margin

FY2025: net 23.9% of revenue

Cash flowOperating cash flowFree cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 3% (FY2009) → 15% (FY2025) · on assets 1.2%

Balance sheetLiabilitiesEquity

FY2025: $1.42T assets · $1.31T liabilities · $111.63B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Click a value to open its filing; hover for the XBRL tag.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	70,645	61,761	54,143	53,668	59,755	48,757	41,538	40,107	37,945	34,631	35,155	34,275
Net income	16,861	13,390	9,087	11,029	15,034	10,996	9,042	8,748	6,111	5,979	6,127	3,467
Diluted EPS	10.21	7.95	5.18	6.15	8.03	6.46	5.19	4.73	3.07	2.92	2.90	1.60
Diluted shares	1,592	1,611	1,646	1,713	1,814	1,624	1,640	1,738	1,821	1,887	1,953	1,971
Operating cash flow	(17,889)	1,362	(33,536)	(6,397)	33,971	(25,231)	40,773	7,305	(4,505)	5,383	(4,463)	1,086
Cash & equivalents	111,695	105,386	89,232	128,127	127,725	105,654	82,171	87,196	80,395	77,360	54,083	46,984
Total assets	1,420,270	1,215,071	1,193,693	1,180,231	1,188,140	1,115,862	895,429	853,531	851,733	814,949	787,465	801,510
Total liabilities	1,307,618	1,109,643	1,093,711	1,079,000	1,081,542	1,012,713	812,732	772,125	773,267	737,772	711,281	729,406
Shareholders' equity	111,632	104,511	99,038	100,141	105,441	101,781	81,549	80,246	77,391	76,050	75,182	70,900

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology

Bank lens

Metrics specific to banks. Annual figures, in USD millions; ratios in percent.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Interest income	59,063	54,135	45,849	21,595	9,411	10,162	17,098	13,892	8,997	7,016	5,835	5,413
Interest expense	—	—	42,051	12,268	1,366	3,849	12,404	10,086	5,697	3,318	2,742	3,678
Net interest income	10,046	8,611	8,230	9,327	8,045	6,313	4,694	3,806	3,300	3,698	3,093	1,735
Noninterest income	60,599	53,150	45,913	44,341	51,710	42,444	36,844	36,301	34,645	30,933	32,062	32,540
Noninterest expense	48,342	43,901	41,798	39,299	40,083	33,578	30,076	28,870	27,542	25,783	26,660	30,684
Provision for credit losses	—	—	—	—	(48)	558	119	(24)	22	131	87	23
Efficiency ratio	68.4%	71.1%	77.2%	73.2%	67.1%	68.9%	72.4%	72.0%	72.6%	74.5%	75.8%	89.5%

Net interest income uses the reported InterestIncomeExpenseNet tag, falling back to interest income − interest expense where a filing didn't tag it (hover a value to see which). Other rows are as reported. The efficiency ratio, noninterest expense ÷ (net interest income + noninterest income), is computed by stonks for full fiscal years only.