Morgan Stanley
Financial ServicesNYSE:MS · New York Stock Exchange
+$1.38 today
Vol 4.69M · Avg 6.19M
Cash Flow
Check whether earnings turn into cash
Use operating cash flow, capital spending, free cash flow, and financing activity to see how much value is left for reinvestment or owners.
Free Cash Flow
Net Income to FCF bridge
Analysis
Analysis will appear once cash flow data is available for this period.
Cash Flow Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $16.9B +24.6% | $13.5B +48.9% | $9.1B -18.7% | $11.2B -26.1% | $15.1B | $487.6M | $476.4M | $465.2M |
| Depreciation & Amortization | $4.7B -9.7% | $5.2B +21.3% | $4.3B +6.5% | $4.0B -5.2% | $4.2B | $374.2M | $1.2B | $631.8M |
| Deferred Income Tax | $561.0M +269.1% | $152.0M +132.8% | -$463.0M +45.5% | -$849.0M -21325.0% | $4.0M | $1.4B | -$1.5B | $304.2M |
| Stock-Based Compensation | $1.9B +18.7% | $1.6B -5.1% | $1.7B -8.9% | $1.9B -10.1% | $2.1B | $489.0M | $354.6M | -$1.6B |
| Change in Working Capital | $24.1B +224.3% | -$19.4B +60.6% | -$49.1B -109.0% | -$23.5B -285.2% | $12.7B | $350.4M | -$1.6B | $1.5B |
| Accounts Receivables | $0 +100.0% | -$5.3B -981.7% | $602.0M -95.9% | $14.7B +1794.6% | $774.0M | $592.6M | $1.3B | $626.2M |
| Inventory | $0 | $0 | $0 | $0 -100.0% | $7.8B | $1.0B | $1.2B | $1.1B |
| Accounts Payables | $0 | $0 +100.0% | -$3.6B +25.9% | -$4.9B -163.1% | $7.8B | $948.2M | -$1.5B | $433.0M |
| Other Working Capital | $24.1B +271.2% | -$14.1B +69.5% | -$46.1B -38.5% | -$33.3B -804.2% | -$3.7B | $567.4M | $1.3B | $601.0M |
| Other Non-Cash Items | $921.0M +243.7% | $268.0M -72.7% | $983.0M +9.5% | $898.0M +728.0% | -$143.0M | $1.4B | -$1.5B | $300.0M |
| Operating Cash Flow | $49.0B +3497.5% | $1.4B +104.1% | -$33.5B -424.2% | -$6.4B -118.8% | $34.0B | $7.2B | $8.9B | $10.5B |
| Capital Expenditures | -$2.9B +16.3% | -$3.5B -1.5% | -$3.4B -10.9% | -$3.1B -33.4% | -$2.3B | $664.0M | $1.4B | $697.6M |
| Acquisitions (Net) | $0 | $0 | $0 | $0 +100.0% | -$2.6B | $937.0M | $1.1B | $1.3B |
| Purchases of Investments | -$134.0B -242.0% | -$39.2B -69.8% | -$23.1B +22.6% | -$29.8B +57.1% | -$69.6B | $444.2M | $1.4B | $1.3B |
| Sales of Investments | $35.2B -5.7% | $37.3B +31.4% | $28.4B -37.3% | $45.3B -26.5% | $61.6B | $822.2M | $318.2M | -$1.5B |
| Other Investing Activities | -$42.5B -76.2% | -$24.1B -383.8% | -$5.0B +79.2% | -$24.0B +35.0% | -$36.9B | $616.4M | $370.0M | $1.2B |
| Investing Cash Flow | -$144.2B -389.6% | -$29.5B -855.3% | -$3.1B +73.5% | -$11.6B +76.7% | -$49.9B | $4.8B | $6.4B | $5.1B |
| Debt Repayment | $71.5B +154.0% | $28.1B +106.6% | $13.6B -63.7% | $37.6B +86.4% | $20.1B | $680.8M | $759.2M | $1.1B |
| Common Stock Issued | $0 | $0 | $0 | $0 | $0 | $778.8M | $946.8M | $812.4M |
| Common Stock Repurchased | -$5.8B -39.0% | -$4.2B +32.0% | -$6.2B +43.2% | -$10.9B +10.0% | -$12.1B | $351.8M | -$1.6B | $1.5B |
| Dividends Paid | -$6.6B -7.4% | -$6.1B -6.5% | -$5.8B -6.7% | -$5.4B -29.5% | -$4.2B | $535.2M | $613.6M | $692.0M |
| Other Financing Activities | $39.3B +40.5% | $28.0B +734.9% | -$4.4B -1124.2% | $430.0M -98.8% | $36.4B | -$1.6B | $1.3B | $1.1B |
| Financing Cash Flow | $98.3B +110.3% | $46.8B +1815.2% | -$2.7B -112.0% | $22.7B -45.3% | $41.5B | $12.2B | $13.9B | -$15.5B |
| Effect of Forex Changes | $3.2B +228.6% | -$2.5B -655.2% | $451.0M +110.5% | -$4.3B -20.6% | -$3.5B | $1.3B | $1.1B | $990.2M |
| Net Change in Cash | $6.3B -60.9% | $16.2B +141.5% | -$38.9B -9775.4% | $402.0M -98.2% | $22.1B | $3.2B | $4.9B | $6.5B |
| Free Cash Flow | $46.1B +2295.2% | -$2.1B +94.3% | -$36.9B -290.0% | -$9.5B -129.9% | $31.7B | $8.6B | -$16.8B | $11.1B |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
The Goldman Sachs Group, Inc.
NYSE:GS
$313.52B
Evercore Inc.
NYSE:EVR
$13.82B
Hut 8 Corp.
NASDAQ:HUT
$13.38B
Applied Digital Corporation
NASDAQ:APLD
$12.20B
Stifel Financial Corp.
NYSE:SF
$11.15B
Riot Platforms, Inc.
NASDAQ:RIOT
$10.06B
Marathon Digital Holdings, Inc.
NASDAQ:MARA
$5.37B
Moelis & Company
NYSE:MC
$5.04B
Lazard Ltd
NYSE:LAZ
$4.30B
CleanSpark, Inc.
NASDAQ:CLSK
$4.23B
PJT Partners Inc.
NYSE:PJT
$3.93B
Bitfarms Ltd.
BITF
$1.30B
Bit Digital, Inc.
NASDAQ:BTBT
$607.59M
TOP Financial Group Limited
TOP
$42.63M
Magic Empire Global Limited
MEGL
$11.13M
Netcapital Inc.
NCPL
$3.93M
SEC Filings
Recent regulatory filings
No filings found.
Does MS generate free cash flow?
Morgan Stanley (MS) generated $46.10B of free cash flow in fiscal 2025.
How much operating cash flow does MS produce?
Operating cash flow was $49.00B, before capital expenditures of $2.90B.
Explore More
Continue the stock analysis
Jump to another research area for this company.