Morgan Stanley annual net debt
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2025
Morgan Stanley Net Debt Growth & History (MS)
Morgan Stanley's net debt was $242.24B for fiscal 2025.
View full Morgan Stanley company overviewMorgan Stanley annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $242.24B | $53.87B | +28.60% |
| 2024 | 2024-12-31 | $188.37B | $8.45B | +4.70% |
| 2023 | 2023-12-31 | $179.92B | $65.08B | +56.68% |
| 2022 | 2022-12-31 | $114.83B | $4.27B | +3.86% |
| 2021 | 2021-12-31 | $110.56B | −$6.19B | −5.30% |
| 2020 | 2020-12-31 | $116.75B | $1.52B | +1.32% |
| 2019 | 2019-12-31 | $115.23B | $12.77B | +12.46% |
| 2018 | 2018-12-31 | $102.47B | −$9.72B | −8.66% |
| 2017 | 2017-12-31 | $112.19B | $23.83B | +26.97% |
| 2016 | 2016-12-31 | $88.36B | $17.97B | +25.53% |
| 2015 | 2015-12-31 | $70.39B | $2.95B | +4.37% |
| 2014 | 2014-12-31 | $67.44B | −$28.39B | −29.63% |
| 2013 | 2013-12-31 | $95.83B | −$28.97B | −23.21% |
| 2012 | 2012-12-31 | $124.81B | −$14.96B | −10.70% |
| 2011 | 2011-12-31 | $139.76B | −$8.33B | −5.63% |
| 2010 | 2010-12-31 | $148.10B | −$15.66B | −9.56% |
| 2009 | 2009-12-31 | $163.76B | — | — |
| 2008 | 2008-11-30 | $95.27B | — | — |
Morgan Stanley quarterly net debt
As of Dec 31, 2008
Q2.09
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Q3.25
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $232.42B | $12.75B | +5.80% |
| Q1 2026 | 2026-03-31 | $238.04B | $23.39B | +10.90% |
| Q4 2025 | 2025-12-31 | $242.24B | $53.87B | +28.60% |
| Q3 2025 | 2025-09-30 | $227.94B | $20.85B | +10.07% |
| Q2 2025 | 2025-06-30 | $219.67B | $34.63B | +18.72% |
| Q1 2025 | 2025-03-31 | $214.65B | $45.57B | +26.95% |
| Q4 2024 | 2024-12-31 | $188.37B | $8.45B | +4.70% |
| Q3 2024 | 2024-09-30 | $207.10B | $68.30B | +49.21% |
| Q2 2024 | 2024-06-30 | $185.04B | $42.06B | +29.42% |
| Q1 2024 | 2024-03-31 | $169.08B | $30.15B | +21.71% |
| Q4 2023 | 2023-12-31 | $179.92B | $65.08B | +56.68% |
| Q3 2023 | 2023-09-30 | $138.79B | $30.07B | +27.65% |
| Q2 2023 | 2023-06-30 | $142.98B | $48.09B | +50.68% |
| Q1 2023 | 2023-03-31 | $138.92B | $45.19B | +48.22% |
| Q4 2022 | 2022-12-31 | $114.83B | $4.27B | +3.86% |
| Q3 2022 | 2022-09-30 | $108.73B | $2.83B | +2.67% |
| Q2 2022 | 2022-06-30 | $94.89B | −$2.77B | −2.84% |
| Q1 2022 | 2022-03-31 | $93.73B | −$3.98B | −4.07% |
| Q4 2021 | 2021-12-31 | $110.56B | −$6.19B | −5.30% |
| Q3 2021 | 2021-09-30 | $105.90B | −$2.77B | −2.55% |
| Q2 2021 | 2021-06-30 | $97.66B | −$1.53B | −1.54% |
| Q1 2021 | 2021-03-31 | $97.71B | $34.36B | +54.24% |
| Q4 2020 | 2020-12-31 | $116.75B | $1.52B | +1.32% |
| Q3 2020 | 2020-09-30 | $108.67B | −$9.87B | −8.32% |
| Q2 2020 | 2020-06-30 | $99.19B | −$23.68B | −19.27% |
| Q1 2020 | 2020-03-31 | $63.35B | −$51.31B | −44.75% |
| Q4 2019 | 2019-12-31 | $115.23B | $12.77B | +12.46% |
| Q3 2019 | 2019-09-30 | $118.54B | $20.13B | +20.46% |
| Q2 2019 | 2019-06-30 | $122.86B | $12.21B | +11.03% |
| Q1 2019 | 2019-03-31 | $114.66B | $7.04B | +6.54% |
| Q4 2018 | 2018-12-31 | $102.47B | −$9.72B | −8.66% |
| Q3 2018 | 2018-09-30 | $98.41B | −$13.43B | −12.01% |
| Q2 2018 | 2018-06-30 | $110.66B | $457.0M | +0.41% |
| Q1 2018 | 2018-03-31 | $107.62B | $12.69B | +13.37% |
| Q4 2017 | 2017-12-31 | $112.19B | $23.83B | +26.97% |
| Q3 2017 | 2017-09-30 | $111.84B | −$10.45B | −8.54% |
| Q2 2017 | 2017-06-30 | $110.20B | $1.96B | +1.81% |
| Q1 2017 | 2017-03-31 | $94.93B | −$15.35B | −13.92% |
| Q4 2016 | 2016-12-31 | $88.36B | $17.97B | +25.53% |
| Q3 2016 | 2016-09-30 | $122.29B | $13.48B | +12.39% |
| Q2 2016 | 2016-06-30 | $108.24B | −$6.61B | −5.76% |
| Q1 2016 | 2016-03-31 | $110.28B | — | — |
| Q4 2015 | 2015-12-31 | $70.39B | $2.95B | +4.37% |
| Q3 2015 | 2015-09-30 | $108.81B | $10.52B | +10.70% |
| Q2 2015 | 2015-06-30 | $114.85B | $4.47B | +4.05% |
| Q4 2014 | 2014-12-31 | $67.44B | −$28.39B | −29.63% |
| Q3 2014 | 2014-09-30 | $98.29B | −$4.07B | −3.97% |
| Q2 2014 | 2014-06-30 | $110.38B | −$5.88B | −5.06% |
| Q1 2014 | 2014-03-31 | $99.74B | −$24.98B | −20.03% |
| Q4 2013 | 2013-12-31 | $95.83B | −$28.97B | −23.21% |
| Q3 2013 | 2013-09-30 | $102.36B | −$31.62B | −23.60% |
| Q2 2013 | 2013-06-30 | $116.27B | −$11.54B | −9.03% |
| Q1 2013 | 2013-03-31 | $124.72B | −$15.30B | −10.93% |
| Q4 2012 | 2012-12-31 | $124.81B | −$14.96B | −10.70% |
| Q3 2012 | 2012-09-30 | $133.98B | −$4.09B | −2.96% |
| Q2 2012 | 2012-06-30 | $127.81B | −$21.11B | −14.18% |
| Q1 2012 | 2012-03-31 | $140.01B | −$6.82B | −4.64% |
| Q4 2011 | 2011-12-31 | $139.76B | −$8.33B | −5.63% |
| Q3 2011 | 2011-09-30 | $138.07B | −$29.96B | −17.83% |
| Q2 2011 | 2011-06-30 | $148.93B | −$1.37B | −0.91% |
| Q1 2011 | 2011-03-31 | $146.83B | −$9.35B | −5.99% |
| Q4 2010 | 2010-12-31 | $148.10B | −$15.66B | −9.56% |
| Q3 2010 | 2010-09-30 | $168.03B | −$2.71B | −1.59% |
| Q2 2010 | 2010-06-30 | $150.30B | −$4.52B | −2.92% |
| Q1 2010 | 2010-03-31 | $156.18B | — | — |
| Q4 2009 | 2009-12-31 | $163.76B | $52.49B | +47.18% |
| Q3 2009 | 2009-09-30 | $170.74B | — | — |
| Q2 2009 | 2009-06-30 | $154.82B | — | — |
| As of Dec 31, 2008 | 2008-12-31 | $111.27B | — | — |
Morgan Stanley net debt trends
Over the last five fiscal years, Morgan Stanley's net debt increased from $116.75B to $242.24B, a change of $125.48B. The latest reported quarter, Q2 2026, shows $232.42B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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