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) Total debt
Morgan Stanley's total debt at the end of fiscal 2025 was $348.9B, up 20.8% from $288.8B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $392.6B. Over the past ten years it has ranged from $153.8B (fiscal 2015) to $348.9B (fiscal 2025) — the current reading is the highest in ten years. Morgan Stanley ranks 1st of 86 Capital Markets companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $348.9B | 20.81% |
| FY2024 | $288.8B | 9.51% |
| FY2023 | $263.7B | 10.78% |
| FY2022 | $238.1B | 2.12% |
| FY2021 | $233.1B | 7.39% |
| FY2020 | $217.1B | 12.69% |
| FY2019 | $192.6B | 1.56% |
| FY2018 | $189.7B | (1.52%) |
| FY2017 | $192.6B | 16.21% |
| FY2016 | $165.7B | 7.77% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $392.6B | 5.65% |
| Mar 2026 | $371.6B | 6.49% |
| Dec 2025 | $348.9B | 5.20% |
| Sep 2025 | $331.7B | 0.88% |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| MS Morgan Stanley | $392.6B |
| GS The Goldman Sachs Group, Inc. compare | $352.0B |
| NMR Nomura Holdings Inc ADR compare | $202.8B |
| HOOD Robinhood Markets, Inc. compare | $22.7B |
| SCHW The Charles Schwab Corporation compare | $22.7B |
| LPLA LPL Financial Holdings Inc. compare | $7.5B |
| IBKR Interactive Brokers Group, Inc. compare | $149.0M |
| CRCL Circle Internet Group, Inc. compare | $36.8M |
| TW Tradeweb Markets Inc. compare | $22.0M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement