Latest period
$4.42B
YoY change
-16.3%
5Y CAGR
+14.9%
Peak year (2024)
$3.46B
Cumulative CapEx
$44.34B
CapEx history chart for Morgan Stanley (MS) from 1989 to 2025
Latest: $2.90B
CapEx growth chart for Morgan Stanley (MS) from 1989 to 2025
Latest: -16.3%
CapEx history table for Morgan Stanley (MS) from 1989 to 2025
| 2025 | $2.90B | -16.3% | −$564.00M | ||
| 2024 | $3.46B | +1.5% | +$50.00M | ||
| 2023 | $3.41B | +10.9% | +$334.00M | ||
| 2022 | $3.08B | +33.4% | +$770.00M | ||
| 2021 | $2.31B | +59.8% | +$864.00M | ||
| 2020 | $1.44B | -20.9% | −$382.00M | ||
| 2019 | $1.83B | -2.1% | −$39.00M | ||
| 2018 | $1.86B | +14.5% | +$236.00M | ||
| 2017 | $1.63B | +27.7% | +$353.00M | ||
| 2016 | $1.28B | -7.1% | −$97.00M | ||
| 2015 | $1.37B | +38.4% | +$381.00M | ||
| 2014 | $992.00M | -24.6% | −$324.00M | ||
| 2013 | $1.32B | +0.3% | +$4.00M | ||
| 2012 | $1.31B | +0.6% | +$8.00M | ||
| 2011 | $1.30B | +8.6% | +$103.00M | ||
| 2010 | $1.20B | -58.3% | −$1.68B | ||
| 2009 | $2.88B | +105.5% | +$1.48B | ||
| 2008 | $1.40B | -4.7% | −$69.00M | ||
| 2007 | $1.47B | — | +$1.47B | ||
| 2006 | $0.00 | -100.0% | −$540.00M | ||
| 2005 | $540.00M | -5.1% | −$29.00M | ||
| 2004 | $569.00M | -5.6% | −$34.00M | ||
| 2003 | $603.00M | -46.4% | −$521.00M | ||
| 2002 | $1.12B | -43.7% | −$874.00M | ||
| 2001 | $2.00B | +139.0% | +$1.16B | ||
| 2000 | $836.00M | +27.4% | +$180.00M | ||
| 1999 | $656.00M | — | +$656.00M | ||
| 1998 | $0.00 | -100.0% | −$301.00M | ||
| 1997 | $301.00M | — | +$301.00M | ||
| 1996 | $0.00 | — | $0.00 | ||
| 1995 | $0.00 | — | $0.00 | ||
| 1994 | $0.00 | — | $0.00 | ||
| 1993 | $0.00 | -100.0% | −$66.30M | ||
| 1992 | $66.30M | -68.6% | −$145.10M | ||
| 1991 | $211.40M | +27.9% | +$46.10M | ||
| 1990 | $165.30M | +134.1% | +$94.70M | ||
| 1989 | $70.60M | — | — |
- 2025$2.90B-16.3%
- 2024$3.46B+1.5%
- 2023$3.41B+10.9%
- 2022$3.08B+33.4%
- 2021$2.31B+59.8%
- 2020$1.44B-20.9%
- 2019$1.83B-2.1%
- 2018$1.86B+14.5%
- 2017$1.63B+27.7%
- 2016$1.28B-7.1%
- 2015$1.37B+38.4%
- 2014$992.00M-24.6%
- 2013$1.32B+0.3%
- 2012$1.31B+0.6%
- 2011$1.30B+8.6%
- 2010$1.20B-58.3%
- 2009$2.88B+105.5%
- 2008$1.40B-4.7%
- 2007$1.47B—
- 2006$0.00-100.0%
- 2005$540.00M-5.1%
- 2004$569.00M-5.6%
- 2003$603.00M-46.4%
- 2002$1.12B-43.7%
- 2001$2.00B+139.0%
- 2000$836.00M+27.4%
- 1999$656.00M—
- 1998$0.00-100.0%
- 1997$301.00M—
- 1996$0.00—
- 1995$0.00—
- 1994$0.00—
- 1993$0.00-100.0%
- 1992$66.30M-68.6%
- 1991$211.40M+27.9%
- 1990$165.30M+134.1%
- 1989$70.60M—
CapEx values are taken from Morgan Stanley's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's current CapEx (TTM) is $4.42B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Morgan Stanley (MS) CapEx is $2.90B – declined 16.3% year-over-year.
Across 2020–2025 (5 years), Morgan Stanley CapEx produced a CAGR of +14.9% – with mixed annual results across the window.
Between 2024 and 2025, Morgan Stanley CapEx declined 16.3%, falling from $3.46B to $2.90B.
The highest annual CapEx of $3.46B was reported in 2024. The lowest in the available history was $0.00 in 1993.
Morgan Stanley Capital Expenditures by Year
Morgan Stanley Capital Expenditures 2025: $2.90B
Morgan Stanley CapEx in 2025 was $2.90B, declined 16.3% below 2024.
Morgan Stanley Capital Expenditures 2024: $3.46B
2024's CapEx for Morgan Stanley came in at $3.46B, edged up 1.5% from 2023. This figure represents the highest annual value in the available history.
Morgan Stanley Capital Expenditures 2023: $3.41B
Morgan Stanley posted CapEx of $3.41B in 2023, grew 10.9% from 2022.
Morgan Stanley Capital Expenditures 2022: $3.08B
In 2022, Morgan Stanley reported CapEx of $3.08B, surged 33.4% from 2021.
Morgan Stanley Capital Expenditures 2021: $2.31B
Morgan Stanley CapEx in 2021 was $2.31B.
See more financial history for Morgan Stanley (MS).
Sector peers by CapEx
Financial Services peers of Morgan Stanley (MS), ranked by their latest CapEx
| $20.93B | |
| $6.52B | |
| $2.06B | |
| $1.48B | |
| $489.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $20.93B
- $6.52B
- $2.06B
- $1.48B
- $489.00M
- $0.00
- $0.00
Frequently asked questions
Morgan Stanley (MS) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation