Morgan Stanley

MS · NYSE · USD

$189.52+0.80%+$1.51

Close · October 2, 2026

At a glance

Revenue growth: +14.31%; 2025 vs 2024
Net income growth: +25.92%; 2025 vs 2024
Net margin: 24.0%; 2024: 21.8%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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
Current assets	1,204,936	1,004,005	986,882	969,048	956,458	895,351	760,337	737,207	747,258	707,413
Cash and equivalents	111,695	105,386	89,232	128,127	127,725	105,654	82,171	30,541	24,816	22,017
Short-term investments	272,151	242,424	231,831	247,281	249,712	228,625	194,773	214,835	208,268	227,191
Receivables	381,902	310,078	282,428	276,318	268,424	234,653	173,341	152,498	148,309	127,554
Net property, plant and equipment	4,164	4,114	4,368	4,073	4,268	4,419	3,998	—	—	—
Goodwill	16,726	16,706	16,707	16,652	16,833	11,635	7,143	6,688	6,597	6,577
Other intangible assets	6,010	6,453	7,055	7,618	8,360	4,980	2,107	2,163	2,448	2,721
Long-term investments	165,610	161,548	156,722	161,858	185,212	184,564	108,088	94,264	81,425	82,929
Current liabilities	587,047	441,779	472,463	479,444	489,233	484,570	426,602	402,188	425,258	421,165
Accounts payable	221,856	172,000	203,788	216,134	228,685	227,437	197,834	179,559	191,510	190,513
Long-term debt	320,627	264,409	242,206	216,427	216,321	192,599	175,382	164,913	171,416	144,848
Total debt	363,760	303,840	278,608	246,425	238,807	224,125	202,433	195,547	200,300	174,464
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
Total equity (incl. minority)	112,652	105,428	99,982	101,231	106,598	103,149	82,697	81,406	78,466	77,177
Retained earnings	115,091	104,989	97,996	94,862	89,432	78,694	70,589	64,175	57,577	53,679
Minority interest	1,020	917	944	1,090	1,157	1,368	1,148	1,160	1,075	1,127