Stock research
Morgan Stanley pairs an investment bank with a large wealth-management platform built through major acquisitions.
For the fiscal year ended December 31, 2025, Morgan Stanley reported revenue of $70.6B and net income of $16.9B, with operating cash flow of −$17.9B. Source: Form 10-K filed February 19, 2026
SEC data as of
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.
The wealth business provides steadier fee income to offset volatile trading results.
Reported figures from Morgan Stanley's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $70.6B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net income | $16.9B | 2025-01-01 – 2025-12-31 | SEC filing |
| Operating cash flow | −$17.9B | 2025-01-01 – 2025-12-31 | SEC filing |
| Diluted EPS | $10.21 | 2025-01-01 – 2025-12-31 | SEC filing |
| Net margin | 23.9% | 2025-01-01 – 2025-12-31 | SEC filing |
| Shares outstanding | 1.59B | As of 2026-01-31 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
Morgan Stanley sits in Financials. Banks, insurers, asset managers, and exchanges — the plumbing of capital markets, geared directly to interest rates and credit. We have not yet written company-specific drivers for MS; the forces that matter most for the sector are:
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
Operating cash flow was −$17.9B, -1.06 times net income of $16.9B, for the fiscal year ended December 31, 2025.
Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.
Net income was 23.9% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
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Read the full researchHow we source and review company pages: research methodology.
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Dan Newhouse | 2026-07-10 | Purchase | Spouse | $1,001 - $15,000 | Filing #20034998 |
| Alan Armstrong | 2026-03-27 | Purchase | Self | $1,001 - $15,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| Julie Johnson | 2025-12-18 | Sale | Joint | $1,001 - $15,000 | Filing #20033789 |
| Steve Cohen | 2025-12-17 | Sale | Self | $50,001 - $100,000 | Filing #20033754 |
| Gilbert Cisneros | 2025-11-18 | Purchase | Self | $1,001 - $15,000 | Filing #20033619 |
| Julie Johnson | 2025-11-13 | Sale | Joint | $1,001 - $15,000 | Filing #20033611 |
| Gilbert Cisneros | 2025-10-17 | Purchase | Self | $1,001 - $15,000 | Filing #20033455 |
| Valerie Hoyle | 2025-09-23 | Sale | Spouse | $1,001 - $15,000 | Filing #20032211 |
| Marjorie Greene | 2025-09-11 | Purchase | Self | $1,001 - $15,000 | Filing #20032174 |
| Marjorie Greene | 2025-08-28 | Purchase | Self | $1,001 - $15,000 | Filing #20030996 |
All verified MS congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Morgan Stanley pairs an investment bank with a large wealth-management platform built through major acquisitions.
For the fiscal year ended December 31, 2025, Morgan Stanley reported revenue of $70.6B and net income of $16.9B, with operating cash flow of −$17.9B. The figures come from Morgan Stanley's SEC XBRL filings.
The SEC lists Morgan Stanley's fiscal year end as December 31.
The current verified House and Senate snapshot contains 23 transaction rows for MS, each linked to the original filing.
Morgan Stanley is headquartered in New York, New York and was founded in 1935.
This page does not rate MS as a buy or sell. It sets out what Morgan Stanley reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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