Morgan Stanley (MS) Free Cash Flow (2010 - 2026)
Morgan Stanley (MS) posted quarterly Free Cash Flow of -$7.9 billion for Q1 2026, up 68.2% year-over-year from -$4.7 billion in Q1 2025, and down 151.75% quarter-over-quarter from -$3.1 billion in Q4 2025.
Morgan Stanley (MS) Free Cash Flow (2010 - 2026) Analysis & Trends
Morgan Stanley (MS) has reported Free Cash Flow for 17 consecutive years, with -$7.9 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 68.2% year-over-year to -$7.9 billion; the TTM figure through Mar 2026 stood at -$4.0 billion (up 86.98% YoY), while the FY2025 annual figure was -$20.8 billion, down 889.86% from the prior year.
- Free Cash Flow fell to -$7.9 billion in Q1 2026 per MS's latest filing, from -$3.1 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $14.1 billion in Q2 2022 and bottomed at -$24.7 billion in Q1 2025.
- Historically, Free Cash Flow has averaged -$4.5 billion across 5 years, with a median of -$4.0 billion in 2025.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 4805.65% — and 2025, when it surged 561.05%.
- Morgan Stanley's Free Cash Flow stood at -$14.8 billion in 2022, then retreated by 26.51% to -$18.7 billion in 2023, then soared by 158.46% to $10.9 billion in 2024, then tumbled by 128.56% to -$3.1 billion in 2025, then tumbled by 151.75% to -$7.9 billion in 2026.
- Business Quant data shows MS's Free Cash Flow at -$7.9 billion in Q1 2026, -$3.1 billion in Q4 2025, and -$4.0 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 7.20 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 708.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -873.83 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 3.59 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 202.51 Mn |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 375.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.57 Bn |
| Jun 30, 2026 | -3.57 Bn |
| Mar 31, 2026 | -7.85 Bn |
| Mar 31, 2026 | -7.85 Bn |
| Dec 31, 2025 | -3.12 Bn |
| Dec 31, 2025 | -3.12 Bn |
| Sep 30, 2025 | -4.05 Bn |
| Sep 30, 2025 | -4.05 Bn |
| Jun 30, 2025 | 11.07 Bn |
| Jun 30, 2025 | 11.07 Bn |
| Mar 31, 2025 | -24.69 Bn |
| Mar 31, 2025 | -24.69 Bn |
| Dec 31, 2024 | 10.92 Bn |
| Dec 31, 2024 | 10.92 Bn |
| Sep 30, 2024 | -18.24 Bn |
| Sep 30, 2024 | -18.24 Bn |
| Jun 30, 2024 | 1.67 Bn |
| Jun 30, 2024 | 1.67 Bn |
| Mar 31, 2024 | 3.54 Bn |
| Mar 31, 2024 | 3.54 Bn |