Morgan Stanley Quarterly Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 190.68 +0.36%
Morgan Stanley free cash flow
In the quarter ended Jun 30, 2026, Morgan Stanley generated -$2.75 billion of operating cash flow. That left free cash flow of -$2.75 billion, a free-cash-flow margin of -12.9% of revenue. Free cash flow was down 123.2% from the prior year's $11.83 billion.
Morgan Stanley returned $1.68 billion to shareholders through dividends.
Summary generated from market data by MetaCap's automated system. Methodology
Morgan Stanley cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.65B | 5.64B | 4.42B | 4.66B | 3.58B | 4.37B | 3.72B | 3.23B | 3.12B | 3.46B | 1.54B | 2.44B |
| Net Income growth (YoY) | +58.13% | +28.99% | +18.80% | +44.30% | +14.69% | +26.26% | +141.66% | +32.48% | +40.34% | +14.14% | -31.99% | -8.53% |
| Depreciation & Amortization | 1.20B | 714.00M | 1.14B | 1.35B | 1.31B | 865.00M | 1.65B | 1.27B | 1.27B | 975.00M | 1.41B | 988.00M |
| Stock-Based Compensation | 562.00M | 571.00M | 469.00M | 449.00M | 469.00M | 539.00M | 391.00M | 372.00M | 417.00M | 442.00M | 361.00M | 367.00M |
| Change in Working Capital | 9.59B | 7.13B | 1.65B | -639.00M | 7.71B | 15.35B | -33.10B | 10.82B | -12.59B | 4.01B | 8.35B | -13.33B |
| Operating Cash Flow | -2.75B | -7.10B | -2.41B | -3.33B | 11.83B | -23.98B | 11.80B | -17.32B | 2.52B | 4.36B | -17.75B | 3.75B |
| Investing Cash Flow | -7.20B | -6.60B | -13.40B | -10.68B | -17.67B | -5.03B | -10.15B | -6.70B | -13.67B | 1.05B | -8.80B | 517.00M |
| Dividends Paid | -1.68B | -1.71B | -1.69B | -1.71B | -1.58B | -1.62B | -1.58B | -1.59B | -1.47B | -1.50B | -1.48B | -1.50B |
| Debt Issued | 43.25B | 56.20B | 44.98B | 24.84B | 36.90B | 32.44B | 28.00B | 25.90B | 26.39B | 28.08B | 17.51B | 20.86B |
| Debt Repaid | -26.48B | -27.56B | -28.20B | -26.10B | -24.25B | -20.84B | -25.63B | -15.86B | -21.02B | -17.72B | -15.96B | -14.59B |
| Financing Cash Flow | 37.06B | 36.46B | 23.97B | 9.08B | 21.67B | 13.04B | 15.26B | 23.05B | -404.00M | 8.86B | 5.69B | 361.00M |
| Net Change in Cash | 26.61B | 21.83B | 7.96B | -5.40B | 18.39B | -14.65B | 14.30B | 924.00M | -12.14B | 13.07B | -19.17B | 3.41B |
| Free Cash Flow | -2.75B | -7.10B | -2.41B | -3.33B | 11.83B | -23.98B | 11.80B | -17.32B | 2.52B | 4.36B | -17.75B | 3.75B |
This table shows 12 quarterly periods of Morgan Stanley's cash flow statement, from Q2 2026 back to Q3 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MS's reporting calendar. What is a cash flow statement?