Morgan Stanley (MS) balance sheet
NYSE · Financial Services · Financial - Capital Markets · 83,000 employees · CEO Edward N. Pick
- Price
- $184.30 -2.41%
- Market cap
- $291B
- Enterprise value
- $669B
- Last report
- Q3 '26 filed 2026-10-14
- Next report
- 2027-01-14
At the end of Q3 '26 Morgan Stanley (MS) held $120B in cash and short-term investments against $378B of debt incl. leases. Total assets $1.69T, total liabilities $1.58T, shareholders' equity $117B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $58.7B | $69.8B | $61.1B | $61.7B | $75.7B | $60.8B | $109B | $73.5B | $112B | $134B | $160B | $0 | |
| Short-term investments | $403B | $364B | $335B | $373B | $326B | $26.7B | $107B | $29.6B | $428B | $815B | $827B | $120B | |
| Receivables | $80.1B | $81.6B | $88.7B | $91.4B | $86.2B | $92.2B | $98.3B | $113B | $115B | $287B | $332B | $0 | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.2B | $13.1B | $0 | |
| Current assets | $542B | $516B | $485B | $526B | $488B | $180B | $314B | $216B | $655B | $1.25T | $1.33T | $120B | |
| Property, plant & equipment (net) | $23M | $0 | $0 | $0 | $23M | $0 | $0 | $0 | $4.16B | $0 | $0 | $0 | |
| Long-term investments | $287B | $349B | $364B | $369B | $375B | $380B | $409B | $401B | $552B | $277B | $289B | $0 | |
| Goodwill | $16.7B | $16.7B | $16.7B | $16.7B | $16.7B | $16.7B | $16.7B | $16.7B | $16.7B | $17.1B | $17.1B | $22.9B | |
| Intangible assets | $7.06B | $6.91B | $6.76B | $6.62B | $6.45B | $6.31B | $6.19B | $6.1B | $6.01B | $5.96B | $5.87B | $0 | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.25B | $0 | $0 | $0 | |
| Other non-current assets | $341B | $340B | $340B | $340B | $329B | $717B | $608B | $724B | $181B | $28.3B | $30.3B | -$45.8B | |
| Non-current assets | $652B | $713B | $727B | $732B | $727B | $1.12T | $1.04T | $1.15T | $766B | $328B | $343B | -$22.9B | |
| Total assets | $1.19T | $1.23T | $1.21T | $1.26T | $1.22T | $1.3T | $1.35T | $1.36T | $1.42T | $1.58T | $1.68T | $1.69T | |
| Liabilities | |||||||||||||
| Accounts payable | $208B | $214B | $206B | $217B | $176B | $202B | $215B | $226B | $416B | $259B | $0 | $0 | |
| Accrued expenses | $4.36B | $0 | $5.34B | $5.47B | $3.94B | $3.79B | $4.16B | $0 | $0 | $0 | $0 | $0 | |
| Short-term debt | $71.6B | $96.6B | $81.5B | $79.1B | $71.7B | $93B | $93.1B | $82.4B | $144B | $162B | $153B | $0 | |
| Other current liabilities | $464B | $473B | $466B | $478B | $488B | $512B | $385B | $531B | $0 | $645B | $702B | $478B | |
| Current liabilities | $748B | $784B | $759B | $779B | $739B | $810B | $698B | $840B | $560B | $1.07T | $1.13T | $478B | |
| Long-term debt | $267B | $272B | $277B | $296B | $289B | $304B | $344B | $332B | $327B | $372B | $393B | $378B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.18B | $0 | $0 | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.01B | $0 | $0 | $0 | |
| Other non-current liabilities | $78.5B | $71.8B | $75.4B | $78.8B | $81.4B | $78B | $203B | $81.3B | $414B | $27.8B | $31.6B | -$117B | |
| Non-current liabilities | $346B | $344B | $352B | $374B | $370B | $382B | $547B | $413B | $748B | $399B | $424B | $378B | |
| Total liabilities | $1.09T | $1.13T | $1.11T | $1.15T | $1.11T | $1.19T | $1.24T | $1.25T | $1.31T | $1.47T | $1.56T | $1.58T | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $0 | |
| Retained earnings | $98B | $99.8B | $101B | $103B | $105B | $108B | $110B | $112B | $115B | $119B | $123B | $0 | |
| Accumulated other comprehensive income | -$6.42B | -$7.06B | -$6.76B | -$5.99B | -$6.81B | -$5.96B | -$5.91B | -$6.35B | -$6.29B | -$5.51B | -$6.33B | $107B | |
| Shareholders' equity | $99B | $99.2B | $101B | $104B | $105B | $107B | $108B | $110B | $112B | $114B | $116B | $117B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $339B | $369B | $358B | $375B | $360B | $397B | $437B | $415B | $476B | $534B | $545B | $378B | |
| Net debt (debt - cash) | $280B | $299B | $297B | $313B | $285B | $336B | $328B | $341B | $364B | $400B | $385B | $378B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $43.4B | $46.2B | $51.8B | $49.7B | $67.5B | $86.8B | $92.7B | $58.7B | $75.7B | $112B | |
| Short-term investments | $275B | $268B | $305B | $319B | $407B | $414B | $375B | $403B | $326B | $428B | |
| Receivables | $46.5B | $56.2B | $53.3B | $55.6B | $97.7B | $96B | $78.5B | $80.1B | $86.2B | $115B | |
| Current assets | $365B | $370B | $411B | $424B | $572B | $596B | $546B | $542B | $488B | $655B | |
| Property, plant & equipment (net) | $25M | $0 | $0 | $0 | $21M | $16M | $4M | $23M | $23M | $4.16B | |
| Long-term investments | $112B | $128B | $147B | $175B | $223B | $269B | $290B | $287B | $375B | $552B | |
| Goodwill | $6.58B | $6.6B | $6.69B | $7.14B | $11.6B | $16.8B | $16.7B | $16.7B | $16.7B | $16.7B | |
| Intangible assets | $2.72B | $2.45B | $2.16B | $2.11B | $4.98B | $8.36B | $7.62B | $7.06B | $6.45B | $6.01B | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.25B | |
| Other non-current assets | $329B | $344B | $287B | $287B | $304B | $297B | $319B | $341B | $329B | $181B | |
| Non-current assets | $450B | $481B | $443B | $471B | $544B | $592B | $634B | $652B | $727B | $766B | |
| Total assets | $815B | $852B | $854B | $895B | $1.12T | $1.19T | $1.18T | $1.19T | $1.22T | $1.42T | |
| Liabilities | |||||||||||
| Accounts payable | $191B | $192B | $180B | $198B | $227B | $229B | $216B | $208B | $176B | $416B | |
| Accrued expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.36B | $3.94B | $0 | |
| Short-term debt | $57B | $60B | $53.3B | $63.9B | $64.7B | $72.5B | $67.7B | $71.6B | $71.7B | $144B | |
| Other current liabilities | $255B | $264B | $287B | $295B | $423B | $471B | $473B | $464B | $488B | $0 | |
| Current liabilities | $502B | $516B | $520B | $557B | $716B | $773B | $757B | $748B | $739B | $560B | |
| Long-term debt | $174B | $200B | $196B | $198B | $219B | $233B | $241B | $267B | $289B | $327B | |
| Lease obligations (non-current) | $20.3B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.18B | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.01B | |
| Other non-current liabilities | $40.8B | $57.4B | $56.4B | $58.1B | $78.3B | $76.2B | $81.2B | $78.5B | $81.4B | $414B | |
| Non-current liabilities | $236B | $258B | $252B | $256B | $297B | $309B | $322B | $346B | $370B | $748B | |
| Total liabilities | $738B | $773B | $772B | $813B | $1.01T | $1.08T | $1.08T | $1.09T | $1.11T | $1.31T | |
| Equity | |||||||||||
| Common stock & paid-in capital | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | |
| Retained earnings | $53.7B | $57.6B | $64.2B | $70.6B | $78.7B | $89.4B | $94.9B | $98B | $105B | $115B | |
| Accumulated other comprehensive income | -$2.64B | -$3.06B | -$2.29B | -$2.79B | -$1.96B | -$3.1B | -$6.25B | -$6.42B | -$6.81B | -$6.29B | |
| Shareholders' equity | $76.1B | $77.4B | $80.2B | $81.5B | $102B | $105B | $100B | $99B | $105B | $112B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $252B | $260B | $249B | $262B | $284B | $305B | $309B | $339B | $360B | $476B | |
| Net debt (debt - cash) | $208B | $214B | $197B | $212B | $216B | $219B | $216B | $280B | $285B | $364B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data as of 2026-11-01