Overview
Morgan Stanley Financial Statements FY2021-FY2026Q3
Morgan Stanley's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git… Ledger notes
Financial position
Net worth and the accounts that make it up
Money movement
Monthly income and spending by account category
Recent activity
Posting-aware activity from the journal
Income vs Expenses
Period data
| Period | Income | Expenses | Net Profit |
|---|---|---|---|
| 2026-09-30 | 20,338 MUSD | 15,369 MUSD | 4,969 MUSD |
Balance Sheet
Breakdown
| Account | Amount | Share of total |
|---|---|---|
| Assets:NonCurrent:Other | 29,042 MUSD | 2.04% |
| Assets:NonCurrent:LongTermInvestments | 163,556 MUSD | 11.52% |
| Assets:NonCurrent:Loans | 278,094 MUSD | 19.58% |
| Assets:NonCurrent:Goodwill | 16,726 MUSD | 1.18% |
| Assets:Current:TradingAssets | 428,276 MUSD | 30.15% |
| Assets:Current:SecuritiesBorrowed | 151,908 MUSD | 10.7% |
| Assets:Current:ResaleAgreements | 120,243 MUSD | 8.47% |
| Assets:Current:Cash | 111,695 MUSD | 7.86% |
| Assets:Current:AccountsReceivable | 114,720 MUSD | 8.08% |
| Other | 6,010 MUSD | 0.42% |
Breakdown
| Account | Amount | Share of total |
|---|---|---|
| Liabilities:NonCurrent:Other | 29,620 MUSD | 2.27% |
| Liabilities:NonCurrent:LongTermDebt | 348,935 MUSD | 26.68% |
| Liabilities:NonCurrent:FundingDebt | 21,603 MUSD | 1.65% |
| Liabilities:Current:TradingLiabilities | 169,569 MUSD | 12.97% |
| Liabilities:Current:SecuritiesLoaned | 17,310 MUSD | 1.32% |
| Liabilities:Current:RepurchaseAgreements | 78,539 MUSD | 6.01% |
| Liabilities:Current:Deposits | 415,523 MUSD | 31.78% |
| Liabilities:Current:AccountsPayable | 226,519 MUSD | 17.32% |
Cash Flow
Loading account roles…
Morgan Stanley (MS) Financial Statements in Beancount — Open Ledger
Morgan Stanley's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.
Browse it live: beancount.io/ledger/open_ledger/morgan-stanley
Latest analysis: Morgan Stanley Q3 FY2026 Earnings: $20.3B Revenue, Record Wealth Fees, and a 22.6% ROTCE
Key Figures
| Period | Period end | Revenue | Net income |
|---|---|---|---|
| FY2021 | 2021-12-31 | 59,755 | 15,120 |
| FY2022 | 2022-12-31 | 53,668 | 11,179 |
| FY2023 | 2023-12-31 | 54,143 | 9,230 |
| FY2024 | 2024-12-31 | 61,761 | 13,529 |
| FY2025 | 2025-12-31 | 70,645 | 17,025 |
| FY2026Q3 | 2026-09-30 | 20,338 | 4,969 |
Amounts in MUSD (millions of US dollars), exactly as the ledger records them.
What's Inside
| Period | File | Source |
|---|---|---|
| FY2021 | FY2021/FY2021.bean | Form 10-K for the fiscal year ended December 31, 2022 |
| FY2022 | FY2022/FY2022.bean | Form 10-K for the fiscal year ended December 31, 2022 |
| FY2023 | FY2023/FY2023.bean | Form 10-K for the fiscal year ended December 31, 2024 |
| FY2024 | FY2024/FY2024.bean | Form 10-K for the fiscal year ended December 31, 2025 |
| FY2025 | FY2025/FY2025.bean | Form 10-K for the fiscal year ended December 31, 2025 |
| FY2026Q3 | FY2026/FY2026Q3.bean | Form 8-K filed 2026-10-14, Exhibit 99.1 (earnings release) and Exhibit 99.2 (Financial Data Supplement) |
Fiscal years end December 31 (SEC CIK 0000895421). FY2021–FY2025 come from Form 10-K filings and FY2026Q3 is the three months to September 30, 2026, from the 8-K earnings-release exhibits (unaudited; no 10-Q was filed) — which print only selected balance items, so that period carries income only and no balance assertions. Revenue is total net revenues and net income is the consolidated figure, before preferred dividends; common stock plus paid-in capital is net of treasury shares at cost (a debit balance from FY2023), and the offsetting employee-stock-trust lines net to zero and are omitted.
Quick Start
uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
"SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.
Methodology
- Balance sheet —
pad/balancedirectives assert each period-end
figure against the filing named in that period file's source banner. - Income statement — one zero-sum transaction per period:
Income
negative (credit),Expensespositive (debit), with the arithmetic check in
a comment directly above it. - Unit —
MUSD;20,338 MUSDmeans 20,338 million US dollars. - Bank chart — the provision for credit losses is
Expenses:CostOfRevenue,
compensation isExpenses:CompensationAndBenefits, and each other
non-interest expense caption is its ownExpenses:OperatingExpensesposting. - Combined lines —
Assets:NonCurrent:LongTermInvestmentsholds AFS plus
HTM securities (a single investment-securities line in FY2021–FY2022) and
Assets:NonCurrent:Loansholds held-for-investment plus held-for-sale, with
the split in each posting comment; borrowings is one face line on
Liabilities:NonCurrent:LongTermDebt.
Analysis
Corrections
Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.
About Open Ledger
Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.
Disclaimer
This ledger is an independent reconstruction of Morgan Stanley's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Morgan Stanley; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.