NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP
Morgan Stanley MS
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY12 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$70.6B
▲ 14.4% vs FY2024
Dividend streak
12 yrs
Raised every year since 2014
EPS · FY25
$10.21
Dividend / sh · FY25
$3.85
Payout · FY25
39%
ROE · FY25
15.6%
Net margin · FY25
23.9%
Dividend coverage
2.7×
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Result
USD 70.6B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
24 cents of every revenue dollar became profit this year.
Per share
USD 10.21
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 2.7 times — the rest stayed in the company.
Profitability
15.6%
Return on equity, FY2025
ROE
Operating margin31.1%
Net margin23.9%
Return on assets1.3%
Each USD of equity produced 16 cents of profit this year.
Returned to shareholders
USD 6.6B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 6.6B
Net buybacks—
Share of profit39.1%
Consecutive raises12 years
USD 6.6B in dividends — 39% of the year's profit went back to shareholders.
Growth
+7.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+9.6%
+7.7%
+7.2%
+5.6%
Net income
+15.2%
+8.9%
+10.7%
+8.9%
EPS, diluted
+18.4%
+9.6%
+13.4%
+9.5%
Dividend / share
+9.3%
+22.4%
+21.5%
+21.8%
Returned to shareholders
+6.9%
+19.2%
+16.3%
+12.3%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
1.58B
Shares outstanding, FY2025
Change, 5 years−12.6%
Change, 10 years−17.6%
The share count shrank 13% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 1.42T
total assets, end of FY2025
Total assetsUSD 1.42T
EquityUSD 111.6B
CashUSD 111.7B
Gross debtUSD 341.7B
Net debtUSD 230.0B
DepositsUSD 415.5B
Net debt stands at 206% of equity.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
70.6
61.8
54.1
53.7
59.8
48.8
41.5
40.1
37.9
34.6
35.2
34.3
32.5
26.2
32.2
31.2
23.3
22.1
26.5
Operating income $B
22.0
17.6
11.8
14.1
19.7
14.4
11.3
11.2
10.4
8.8
8.5
3.6
4.6
0.6
6.1
6.2
1.1
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
4.9
4.1
2.6
2.9
4.5
3.2
2.1
2.4
4.2
2.7
2.2
−0.1
0.9
−0.2
1.4
0.7
−0.3
0.0
0.6
Net income $B
16.9
13.4
9.1
11.0
15.0
11.0
9.0
8.7
6.1
6.0
6.1
3.5
2.9
0.1
4.1
4.7
1.3
1.7
3.2
EPS, diluted $
10.21
7.95
5.18
6.15
8.03
6.46
5.19
4.73
3.07
2.92
2.90
1.60
1.36
0.02
1.23
2.63
−0.77
1.39
2.90
Dividend / sh $
3.85
3.55
3.25
2.95
2.10
1.40
1.30
1.10
0.90
0.70
0.55
0.35
0.20
0.20
0.20
0.20
·
·
·
Payout %
39
46
63
49
28
25
29
27
34
29
24
26
16
690
20
25
129
72
38
ROE %
15.6
13.2
9.1
10.7
14.5
12.0
11.2
11.1
8.0
7.9
8.4
5.1
4.6
0.1
6.9
9.1
2.8
3.5
·
Shares out B
1.58
1.61
1.63
1.68
1.77
1.81
1.59
1.70
1.79
1.85
1.92
1.95
1.94
1.94
1.93
1.51
1.36
1.07
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
37 of 37
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed