Morgan Stanley
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.58B | $5.57B | $4.61B | $3.54B | $4.32B | $3.19B | $3.08B | $3.41B |
| Depreciation & Amortization | — | $714.0M | — | — | $865.0M | — | — | $975.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $571.0M | — | — | $539.0M | — | — | $442.0M |
| Net Cash from Operating Activities | $-2.75B | $-7.10B | $-3.33B | $11.83B | $-23.98B | $-17.32B | $2.53B | $4.36B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-6.60B | — | — | $-5.03B | — | — | $1.05B |
| Financing Activities | ||||||||
| Dividends Paid | — | $1.71B | — | — | $1.62B | — | — | $1.50B |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $36.46B | — | — | $13.05B | — | — | $8.86B |
| Net Change in Cash | — | $21.83B | — | — | $-14.65B | — | — | $13.07B |
| Free Cash Flow | — | — | — | — | — | — | — | — |