Morgan Stanley annual free cash flow
2022
2023
2024
2025
Morgan Stanley Free Cash Flow (FCF) History (MS)
Morgan Stanley reported −$20.79B in free cash flow for fiscal 2025, a decrease of $18.69B from the previous fiscal year, with a free cash flow margin of −29.42%.
View full Morgan Stanley company overviewMorgan Stanley free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$20.79B | −$18.69B | — | −29.42% |
| 2024 | 2024-12-31 | −$2.10B | $34.85B | — | −3.40% |
| 2023 | 2023-12-31 | −$36.95B | −$27.47B | — | −68.24% |
| 2022 | 2022-12-31 | −$9.47B | — | — | −17.65% |
Morgan Stanley quarterly free cash flow
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$3.57B | −$14.63B | — | −16.70% |
| Q1 2026 | 2026-03-31 | −$7.85B | — | — | −38.15% |
| Q4 2025 | 2025-12-31 | −$3.12B | — | — | −17.43% |
| Q3 2025 | 2025-09-30 | −$4.04B | — | — | −22.20% |
| Q2 2025 | 2025-06-30 | $11.07B | — | — | +65.90% |
Morgan Stanley free cash flow growth trends
Morgan Stanley's latest reported quarter, Q2 2026, generated −$3.57B in free cash flow, a decrease of $14.63B year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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