Morgan Stanley (MS) FCF Margin (2010 - 2026)
Morgan Stanley's FCF Margin was -16.70% in Q2 2026, down 82.60 percentage points from 65.90% a year earlier but up 21.45 percentage points from the prior quarter.
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Analysis
Morgan Stanley (MS) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Morgan Stanley's FCF Margin was -23.81% through Jun 30, 2026, up 7.85 percentage points year-over-year; for FY2025, it came in at -29.42%, down 26.02 percentage points from FY2024.
- FCF Margin shows a five-year change of +25.29 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -3.40% in FY2024 (+64.84 pp), -68.24% in FY2023 (-50.59 pp), -17.65% in FY2022 (-70.64 pp) and 52.99% in FY2021 (+107.70 pp).
- Quarterly FCF Margin has moved between -144.86% (Q4 2023) and 107.48% (Q2 2022) over five years.
- Compared with a year earlier, FCF Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.69 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2024 (a gain of 212.18 percentage points); the worst was Q2 2023 (a drop of 185.63 percentage points).
- Per Business Quant data, MS's FCF Margin in the three quarters before Q2 2026 was -38.15% (Q1 2026), -17.43% (Q4 2025) and -22.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | -44.09% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 92.03% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | - |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | -16.70% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 189.34% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 27.55% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | - |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 29.95% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | -34.71% |
| 10 | American Express | 210.06 Bn | 9.55 Bn | - | 22.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.70% |
| Mar 31, 2026 | -38.15% |
| Dec 31, 2025 | -17.43% |
| Sep 30, 2025 | -22.20% |
| Jun 30, 2025 | 65.90% |
| Mar 31, 2025 | -139.18% |
| Dec 31, 2024 | 67.32% |
| Sep 30, 2024 | -118.57% |
| Jun 30, 2024 | 11.15% |
| Mar 31, 2024 | 23.41% |
| Dec 31, 2023 | -144.86% |
| Sep 30, 2023 | 21.35% |
| Jun 30, 2023 | -78.15% |
| Mar 31, 2023 | -72.91% |
| Dec 31, 2022 | -115.82% |
| Sep 30, 2022 | -64.76% |
| Jun 30, 2022 | 107.48% |
| Mar 31, 2022 | -2.79% |
| Dec 31, 2021 | -2.07% |
| Sep 30, 2021 | 10.23% |
API Access
Morgan Stanley FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();