Morgan Stanley (MS) free cash flow was -$20.8B in FY2025 (-890% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Free Cash Flow
Fiscal Year
Free Cash Flow
YoY
2025
-$20.8B
-890%
2024
-$2.1B
+94%
2023
-$36.9B
-290%
2022
-$9.5B
-130%
2021
$31.7B
+219%
2020
-$26.7B
-168%
2019
$38.9B
+616%
2018
$5.4B
+189%
2017
-$6.1B
-249%
2016
$4.1B
+170%
2015
-$5.8B
-125%
2012
$23.2B
+59%
2011
$14.6B
-63%
2010
$39.4B
+181%
2009
-$48.8B
-168%
2008
$72.0B
+404%
2007
-$23.7B
Recent Quarterly Free Cash Flow
Quarter
Free Cash Flow
Q1 2026
-$7.9B
Q4 2025
-$3.1B
Q3 2025
-$4.0B
Q2 2025
$11.1B
Q1 2025
-$24.7B
Q4 2024
$10.9B
Q3 2024
-$18.2B
Q2 2024
$1.7B
Q1 2024
$3.5B
Q4 2023
-$18.7B
Q3 2023
$2.8B
Q2 2023
-$10.5B
Source: MS on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.