Morgan Stanley
Morgan Stanley’s revenue for fiscal 2025 (year ended December 2025) was $119.7 billion, up 11.5% from fiscal 2024. In the quarter to September 2026, revenue grew 6.69%, EPS grew 13.4%, free cash flow fell 132.2% and total debt rose 19.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.
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Morgan Stanley (MS) Shares outstanding
Morgan Stanley's shares outstanding at the end of fiscal 2025 was $1.6B, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $1.6B. Over the past ten years it has ranged from $1.6B (fiscal 2025) to $2.0B (fiscal 2015) — the current reading is the lowest in ten years. Morgan Stanley ranks 4th of 84 Capital Markets companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $1.6B | (1.18%) |
| FY2024 | $1.6B | (2.13%) |
| FY2023 | $1.6B | (3.91%) |
| FY2022 | $1.7B | (5.57%) |
| FY2021 | $1.8B | 11.70% |
| FY2020 | $1.6B | (0.98%) |
| FY2019 | $1.6B | (5.64%) |
| FY2018 | $1.7B | (4.56%) |
| FY2017 | $1.8B | (3.50%) |
| FY2016 | $1.9B | (3.38%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $1.6B | (0.19%) |
| Jun 2026 | $1.6B | (0.44%) |
| Mar 2026 | $1.6B | (1.01%) |
| Dec 2025 | $1.6B | 0.13% |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| NMR Nomura Holdings Inc ADR compare | $3.0B |
| SCHW The Charles Schwab Corporation compare | $1.7B |
| MS Morgan Stanley | $1.6B |
| HOOD Robinhood Markets, Inc. compare | $912.0M |
| IBKR Interactive Brokers Group, Inc. compare | $450.1M |
| GS The Goldman Sachs Group, Inc. compare | $301.1M |
| CRCL Circle Internet Group, Inc. compare | $268.6M |
| TW Tradeweb Markets Inc. compare | $212.8M |
| LPLA LPL Financial Holdings Inc. compare | $80.0M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
More on MS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement