MORGAN STANLEY (MS) FY2025 Annual Balance Sheet

MORGAN STANLEY (MS) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

1,420,270,000,000 US dollars

Liabilities

1,307,618,000,000 US dollars

Equity

112,652,000,000 US dollars

Noncontrolling interest

1,020,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Trading assets at fair value ($213,269 and $148,945 were pledged to various parties)

428,276,000,000 US dollars

Held for investment (net of allowance for credit losses of $1,132 and $1,066)

268,720,000,000 US dollars

Securities borrowed

151,908,000,000 US dollars

Securities purchased under agreements to resell (includes $— and $— at fair value)

120,243,000,000 US dollars

Customer and other receivables

114,720,000,000 US dollars

Cash and cash equivalents

111,695,000,000 US dollars

Available-for-sale at fair value (amortized cost of $112,522 and $101,960)

110,466,000,000 US dollars

Held-to-maturity (fair value of $45,615 and $51,203)

53,090,000,000 US dollars

Other assets

29,042,000,000 US dollars

Goodwill

16,726,000,000 US dollars

Held for sale

9,374,000,000 US dollars

Intangible assets (net of accumulated amortization of $1,882 and $5,445)

6,010,000,000 US dollars

Deposits (includes $8,755 and $6,499 at fair value)

415,523,000,000 US dollars

Borrowings (includes $132,479 and $103,332 at fair value)

348,935,000,000 US dollars

Customer and other payables

226,519,000,000 US dollars

Trading liabilities at fair value

169,569,000,000 US dollars

Securities sold under agreements to repurchase (includes $696 and $956 at fair value)

78,539,000,000 US dollars

Other liabilities and accrued expenses

29,620,000,000 US dollars

Other secured financings (includes $16,871 and $14,088 at fair value)

21,603,000,000 US dollars

Securities loaned

17,310,000,000 US dollars

Retained earnings

115,091,000,000 US dollars

Additional paid-in capital

31,153,000,000 US dollars

Preferred stock

9,750,000,000 US dollars

Employee stock trusts

5,154,000,000 US dollars

Common stock

20,000,000 US dollars

Noncontrolling interests

1,020,000,000 US dollars

Common stock held in treasury at cost, $0.01 par value (456,059,842 and 432,240,273 shares)

negative 38,097,000,000 US dollars

Accumulated other comprehensive income (loss)

negative 6,285,000,000 US dollars

Common stock issued to employee stock trusts

negative 5,154,000,000 US dollars

Gross equity (calculated)

162,188,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.