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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |