Morgan Stanley
$190.31Change from previous close: +1.22%Absolute change: +$2.30
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -17,889 | 1,362 | -33,536 | -6,397 | 33,971 | -25,231 | 40,773 | 7,305 | -4,505 | 5,383 |
| Depreciation and amortization | 4,658 | 5,161 | 4,256 | 3,998 | 4,216 | 3,769 | 2,643 | 1,844 | 1,753 | 1,736 |
| Capital expenditure | -2,898 | -3,462 | -3,412 | -3,078 | -2,308 | -1,444 | -1,826 | -1,865 | -1,629 | -1,276 |
| Investing cash flow | -46,779 | -29,460 | -3,084 | -11,632 | -49,897 | -37,898 | -33,561 | -22,881 | -12,391 | -19,508 |
| Financing cash flow | 67,758 | 46,756 | -2,726 | 22,714 | 41,547 | 83,784 | -11,966 | 24,205 | 16,261 | 7,363 |
| Dividends paid | -6,593 | -6,138 | -5,763 | -5,401 | -4,171 | -2,739 | -2,627 | -2,375 | -2,085 | -1,746 |
| Share repurchases | -5,835 | -4,199 | -6,178 | -10,871 | -12,075 | -1,890 | -5,954 | -5,566 | -4,292 | -3,933 |
| Debt issued | 140,294 | 112,723 | 79,220 | 72,460 | 90,273 | 63,520 | 34,300 | 40,059 | 55,416 | 44,959 |
| Debt repaid | -99,393 | -80,230 | -64,805 | -35,782 | -70,749 | -50,484 | -40,548 | -36,007 | -37,398 | -31,596 |
| Effect of exchange rates | 3,219 | -2,504 | 451 | -4,283 | -3,550 | 2,828 | -271 | -1,828 | 3,670 | -1,430 |
| Net change in cash | 6,309 | 16,154 | -38,895 | 402 | 22,071 | 23,483 | -5,025 | 6,801 | 3,035 | -8,192 |
| Free cash flow | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 | — | — | — | — | — |