Free Cash Flow for Morgan Stanley (MS)
Free Cash Flow for Morgan Stanley (MS): headline value -$17.89B · YoY -2295.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
-$17.89B
YoY change
-2295.2%
5Y CAGR
N/A
Peak year (2008)
$72.02B
Latest annual
$46.10B
Free Cash Flow history chart for Morgan Stanley (MS) from 1989 to 2025
Free Cash Flow history table for Morgan Stanley (MS) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $46.10B | -2295.2% | ||
| 2024 | -$2.10B | -94.3% | ||
| 2023 | -$36.95B | +290.0% | ||
| 2022 | -$9.47B | -129.9% | ||
| 2021 | $31.66B | -218.7% | ||
| 2020 | -$26.68B | -168.5% | ||
| 2019 | $38.95B | +615.9% | ||
| 2018 | $5.44B | -188.7% | ||
| 2017 | -$6.13B | -623.8% | ||
| 2016 | $1.17B | -49.1% | ||
| 2015 | $2.30B | +1555.4% | ||
| 2014 | $139.00M | -99.6% | ||
| 2013 | $34.24B | +47.3% | ||
| 2012 | $23.24B | +331.9% | ||
| 2011 | $5.38B | -86.2% | ||
| 2010 | $39.11B | -180.1% | ||
| 2009 | -$48.83B | -167.8% | ||
| 2008 | $72.02B | -405.6% | ||
| 2007 | -$23.56B | -61.2% | ||
| 2006 | -$60.80B | +90.7% | ||
| 2005 | -$31.89B | +27.2% | ||
| 2004 | -$25.07B | -1531.2% | ||
| 2003 | $1.75B | -128.4% | ||
| 2002 | -$6.18B | -76.3% | ||
| 2001 | -$26.09B | +710.2% | ||
| 2000 | -$3.22B | -89.2% | ||
| 1999 | -$29.93B | -294.7% | ||
| 1998 | $15.37B | -1828.8% | ||
| 1997 | -$889.00M | -140.3% | ||
| 1996 | $2.21B | +49.5% | ||
| 1995 | $1.48B | -49.0% | ||
| 1994 | $2.89B | +114.3% | ||
| 1993 | $1.35B | -71.5% | ||
| 1992 | $4.73B | -259.5% | ||
| 1991 | -$2.97B | -38.7% | ||
| 1990 | -$4.84B | -43.2% | ||
| 1989 | -$8.53B | — |
Free Cash Flow values are taken from Morgan Stanley's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Morgan Stanley (MS) free cash flow totalled $46.10B – plunged 2295.2% year-over-year.
Morgan Stanley free cash flow has grown for 2 consecutive years, with a +35.0% compound annual growth rate over 2015–2025 (10 years).
Between 2008 and 2025, Morgan Stanley free cash flow plunged 36.0%, falling from $72.02B to $46.10B.
2008 marks the peak free cash flow at $72.02B, with the historical low of -$60.80B recorded in 2006.
Within Financial Services, Morgan Stanley (MS) ranks 2nd among 8 peers we track. The peer median for free cash flow is $19.24B.
Morgan Stanley Free Cash Flow by Year
Morgan Stanley Free Cash Flow 2025: $46.10B
Morgan Stanley free cash flow in 2025 was $46.10B, plunged 2295.2% below 2024.
Morgan Stanley Free Cash Flow 2024: -$2.10B
Morgan Stanley free cash flow in 2024 was -$2.10B, plunged 94.3% below 2023.
Morgan Stanley Free Cash Flow 2023: -$36.95B
Morgan Stanley free cash flow in 2023 was -$36.95B, surged 290.0% from 2022.
Morgan Stanley Free Cash Flow 2022: -$9.47B
Morgan Stanley free cash flow in 2022 was -$9.47B, plunged 129.9% below 2021.
Morgan Stanley Free Cash Flow 2021: $31.66B
Morgan Stanley free cash flow in 2021 was $31.66B.
See more financial history for Morgan Stanley (MS).
Sector peers — Free Cash Flow
Companies in the same sector as Morgan Stanley, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Citigroup Inc. (C) | $22.28B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Mastercard Incorporated (MA) | $16.91B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is Morgan Stanley's free cash flow?
Latest reported free cash flow for Morgan Stanley (MS) is -$17.89B (period ending December 31, 2025).
How has Morgan Stanley free cash flow changed year-over-year?
Morgan Stanley (MS) free cash flow changed -2295.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley free cash flow?
Morgan Stanley (MS) free cash flow compound annual growth rate is +35.0% over the most recent 10 years available.
When did Morgan Stanley free cash flow hit its highest annual value?
Morgan Stanley free cash flow reached its highest annual value of $72.02B in 2008.
What was Morgan Stanley free cash flow in 2024?
Morgan Stanley (MS) free cash flow in 2024 was -$2.10B.
What was Morgan Stanley free cash flow in 2025?
Morgan Stanley (MS) free cash flow in 2025 was $46.10B.
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