Morgan Stanley MS
NYSE MS
$202.51 -0.97 (-0.48%)
At close: Sep 18, 2026 · 4:00 PM EDT

Morgan Stanley (MS) Free Cash Flow (2010 - 2026)

Morgan Stanley's (MS) quarterly Free Cash Flow came in at -$3.6 billion in Q2 2026, down 132.22% year-over-year from $11.1 billion in Q2 2025, and up 54.58% quarter-over-quarter from -$7.9 billion in Q1 2026.

Analysis

Morgan Stanley (MS) Free Cash Flow (2010 - 2026) Analysis & Trends

Morgan Stanley (MS) has reported Free Cash Flow for 17 consecutive years, with -$3.6 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow fell 132.22% year-over-year to -$3.6 billion in Q2 2026; TTM through Jun 2026 was -$18.6 billion, a 11.26% increase from a year earlier, with the FY2025 full-year figure at -$20.8 billion, down 889.86% from the prior year.
  • Free Cash Flow was -$3.6 billion for Q2 2026 at Morgan Stanley, up from -$7.9 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $14.1 billion in Q2 2022 and troughed at -$24.7 billion in Q1 2025.
  • A 5-year average of -$4.5 billion and a median of -$3.8 billion in 2025 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow sank 4805.65% in 2022 and jumped 561.05% in 2025, its largest moves.
  • Over 5 years, Free Cash Flow stood at -$14.8 billion in 2022, then declined by 26.51% to -$18.7 billion in 2023, then jumped by 158.46% to $10.9 billion in 2024, then tumbled by 128.56% to -$3.1 billion in 2025, then retreated by 14.33% to -$3.6 billion in 2026.
  • The last three Free Cash Flow figures came in at -$3.6 billion (Q2 2026), -$7.9 billion (Q1 2026), and -$3.1 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Bank Of America 405.01 Bn -183.49 Bn 30.39 Bn 29.04 Bn
2 Morgan Stanley 318.33 Bn 158.20 Bn - -3.57 Bn
3 Royal Bank Of Canada 284.62 Bn 57.78 Bn - 25.17 Bn
4 Goldman Sachs 274.43 Bn -701.92 Bn - 5.60 Bn
5 Mitsubishi Ufj Financial 274.26 Bn -110.06 Bn 10.89 Bn -
6 Wells Fargo & Company 260.84 Bn 59.01 Bn - 6.78 Bn
7 American Express 210.32 Bn 161.00 Bn 17.99 Bn 4.47 Bn
8 Banco Santander 210.20 Bn 217.82 Bn 28.01 Bn 221.87 Bn
9 Toronto Dominion Bank 206.68 Bn 45.35 Bn - 5.84 Bn
10 Schwab Charles 181.98 Bn 108.39 Bn - 4.12 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.57 Bn
Mar 31, 2026 -7.85 Bn
Dec 31, 2025 -3.12 Bn
Sep 30, 2025 -4.05 Bn
Jun 30, 2025 11.07 Bn
Mar 31, 2025 -24.69 Bn
Dec 31, 2024 10.92 Bn
Sep 30, 2024 -18.24 Bn
Jun 30, 2024 1.67 Bn
Mar 31, 2024 3.54 Bn
Dec 31, 2023 -18.68 Bn
Sep 30, 2023 2.83 Bn
Jun 30, 2023 -10.52 Bn
Mar 31, 2023 -10.58 Bn
Dec 31, 2022 -14.77 Bn
Sep 30, 2022 -8.41 Bn
Jun 30, 2022 14.11 Bn
Mar 31, 2022 -413.00 Mn
Dec 31, 2021 -301.00 Mn
Sep 30, 2021 1.51 Bn