MORGAN STANLEY

MSMS-PKMS-PEMS-PLMS-POMS-PPMS-PQMS-PFMS-PIMS-PA

Security brokers dealers and flotation companies

Last filing · Quarter 2 · Jun 30, 2026

40 more quarters with Pro

MORGAN STANLEY back to 2009, every line as filed.

USD ($) $ in Millions	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Sep 30, 2022
Cash flows from operating activities
Net income	$ 5,653	$ 5,638	$ 4,655	$ 3,575	$ 4,371	$ 3,226	$ 3,117	$ 3,462	$ 2,435	$ 2,221	$ 3,033	$ 2,662
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Deferred income taxes	-	-	-	-	-	-	-	-	-	-	-	-
(Income) loss from equity method investments	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense	562	571	449	469	539	372	417	442	367	423	558	528
Depreciation and amortization	1,202	714	1,348	1,307	865	1,270	1,271	975	988	922	940	928
Provision for credit losses	98	98	0	196	135	79	76	(6)	134	161	234	35
Net (gain) loss on business dispositions	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of stake in China International Capital Corporation Limited	-	-	-	-	-	-	-	-	-	-	-	-
Gains on curtailments of pension and postretirement plans	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of available-for-sale securities	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on retirement of long-term debt	-	-	-	-	-	-	-	-	-	-	-	-
Insurance reimbursement	-	-	-	-	-	-	-	-	-	-	-	-
Loss on assets held for sale	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses on lending activities	-	-	-	-	-	-	-	-	-	-	-	-
Other operating adjustments	186	74	112	158	(2)	46	87	(12)	(72)	50	66	152
Changes in assets and liabilities:
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	-	-	-	-	-	-	-	-	-	-	-	-
Trading assets, net of Trading liabilities	23,865	(53,593)	(3,842)	(17,002)	(48,968)	1,983	11,770	(1,395)	(21,322)	(34,431)	2,582	(8,102)
Securities borrowed	(26,788)	(2,662)	10,846	267	(16,367)	(9,703)	10,143	(11,761)	18,210	7,090	(12,842)	2,030
Securities loaned	1,147	2,279	(3,249)	2,589	1,378	377	1,133	888	(305)	(2,219)	(91)	(688)
Customer and other receivables and other assets	(15,592)	(24,611)	(13,889)	(4,144)	(9,109)	(2,581)	(8,008)	272	852	(1,867)	4,899	(5,227)
Customer and other payables and other liabilities	25,185	31,739	13,250	11,856	24,460	13,398	(4,577)	3,735	(14,183)	(1,859)	777	(3,436)
Securities purchased under agreements to resell	(636)	(8,637)	(4,979)	12,293	(483)	(18,442)	3,823	(11,993)	(3,655)	23,971	(7,978)	9,611
Securities sold under agreements to repurchase	(17,629)	41,292	(8,033)	265	19,205	(7,348)	(16,727)	19,753	20,298	(4,128)	(2,043)	(6,046)
Net cash provided by (used for) operating activities	(2,747)	(7,098)	(3,332)	11,829	(23,976)	(17,323)	2,525	4,360	3,747	(9,666)	(9,865)	(7,553)
Net income (loss)	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
Proceeds from (payments for):
Net proceeds from (payments for):
Other assets—Premises, equipment and software	(819)	(754)	(713)	(763)	(713)	(916)	(851)	(816)	(913)	(851)	(719)	(857)
Business dispositions, net of cash disposed	-	-	-	-	-	-	-	-	-	-	-	-
Changes in loans, net	(12,689)	(8,449)	(10,374)	(11,700)	(6,486)	(4,207)	(9,372)	(355)	(2,532)	(832)	(822)	(4,755)
Loans
Purchases, net of proceeds from sales	-	-	-	-	-	-	-	-	-	-	-	-
Originations, net of repayments	-	-	-	-	-	-	-	-	-	-	-	-
Originitions and purchases	-	-	-	-	-	-	-	-	-	-	-	-
Maturities, payments and sales	-	-	-	-	-	-	-	-	-	-	-	-
AFS securities:
Purchases	(5,015)	(11,653)	(10,080)	(12,125)	(6,562)	(9,349)	(9,349)	(9,019)	(3,109)	(2,938)	(3,475)	(4,013)
Proceeds from sales	1,022	5,856	2,188	748	1,714	5	987	4,548	576	3,273	1,466	554
Sale of stake in China International Capital Corporation Limited	-	-	-	-	-	-	-	-	-	-	-	-
Japanese securities joint venture with MUFG	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available for sale securities	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available for sale securities	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from paydowns and maturities	7,998	6,023	7,012	3,797	5,314	6,085	4,223	5,308	5,127	3,430	3,460	3,238
HTM securities:
Purchases	(295)	(999)	-	-	0	(583)	(1,487)	(1,453)	-	-	0	(321)
Proceeds from paydowns and maturities	3,212	3,689	1,587	2,797	1,723	2,787	2,380	3,112	1,536	1,769	1,617	2,175
Cash paid as part of the Eaton Vance acquisition, net of cash acquired	-	-	-	-	-	-	-	-	-	-	-	-
Sales, maturities and redemptions of securities available for sale	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities	(618)	(313)	(296)	(426)	(24)	(518)	(199)	(271)	(168)	2,390	(2,568)	(182)
Net cash provided by (used for) investing activities	(7,204)	(6,600)	(10,676)	(17,672)	(5,034)	(6,696)	(13,668)	1,054	517	6,241	(1,041)	(4,161)
Net cash provided by (used for) investing activities	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities
Net proceeds from (payments for):
Short-term borrowings	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Dividends related to noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received from Noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Derivatives financing activities	-	-	-	-	-	-	-	-	-	-	-	-
Other secured financings	5,601	(506)	(2,525)	4,057	(683)	24	135	1,225	284	(494)	356	507
Deposits	18,226	12,751	15,879	7,712	5,520	14,460	(3,475)	534	(3,054)	950	(9,084)	(9,009)
Derivatives financing activities	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of preferred stock, net of issuance costs	-	-	-	-	-	995	-	-	-	-	-	994
Proceeds from:
Proceeds from issuance of Borrowings	43,249	56,195	24,843	36,902	32,439	25,899	26,391	28,079	20,855	18,842	21,219	14,510
Excess tax benefits associated with stock-based awards	-	-	-	-	-	-	-	-	-	-	-	-
Public offerings and other issuances of common stock	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term borrowings	-	-	-	-	-	-	-	-	-	-	-	-
Payments for:
Borrowings	(26,476)	(27,561)	(26,102)	(24,247)	(20,845)	(15,860)	(21,015)	(17,721)	(14,588)	(19,058)	(15,201)	(7,505)
Long-term borrowings	-	-	-	-	-	-	-	-	-	-	-	-
Derivatives financing activities	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock and employee tax withholdings	(1,672)	(2,875)	(1,146)	(1,129)	(2,030)	(806)	(823)	(1,718)	(1,542)	(1,089)	(2,205)	(2,608)
Series D Preferred Stock and Warrant	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of junior subordinated debentures related to China Investment Corporation Ltd.	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of junior subordinated debentures related to CIC	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of additional stake in Morgan Stanley Smith Barney Holdings LLC	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends	(1,677)	(1,708)	(1,705)	(1,584)	(1,616)	(1,590)	(1,467)	(1,496)	(1,501)	(1,379)	(1,406)	(1,405)
Other financing activities	(191)	164	(168)	(44)	260	(74)	(150)	(46)	(93)	(265)	33	(51)
Net cash provided by (used for) financing activities	37,060	36,460	9,076	21,667	13,045	23,048	(404)	8,857	361	(2,493)	(6,288)	(4,567)
Effect of exchange rate changes on cash and cash equivalents	(503)	(928)	(464)	2,567	1,318	1,895	(598)	(1,198)	(1,218)	(346)	325	(3,309)
Net increase (decrease) in cash and cash equivalents	26,606	21,834	(5,396)	18,391	(14,647)	924	(12,145)	13,073	3,407	(6,264)	(16,869)	(19,590)
Effect of cash and cash equivalents related to variable interest entities	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	12,390	14,195	10,139	12,079	12,464	11,478	11,142	11,878	11,137	10,250	8,912	2,932
Cash payments for income taxes	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for income taxes, net of refunds	$ 1,773	$ 398	$ 339	$ 1,811	$ 534	$ 406	$ 810	$ 233	$ 270	$ 671	$ 307	$ 817