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Morgan Stanley

MS#42 of 134 by buybacks

NYSE · Financial Services · Capital Markets · USA

morganstanley.com
Buybacks · FY2025$5.83Blatest fiscal year
Buyback yield2.0%repurchases ÷ market cap
Dividends · FY2025$6.59Bdividend yield 2.2%
Shareholder yield4.2%buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−10.8%1.59B shares (2026)
Buybacks ÷ free cash flow13%payout incl. dividends 27%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in USD. Fiscal years end in December.
Shares outstanding
Share count down 10.8% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in USD. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

From the cash-flow statement as reported, in USD. Negative repurchases mean net share issuance.

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025$5.83B$6.59B$46.1B
FY2024Dec 2024$4.20B$6.14B−$2.10B
FY2023Dec 2023$6.18B$5.76B−$36.9B
FY2022Dec 2022$10.9B$5.40B−$9.47B
FY2021Dec 2021$12.1B$4.17B$31.7B
FY2020Dec 2020$1.89B$2.74B−$26.7B
FY2019Dec 2019$5.95B$2.63B$38.9B

Repurchases in FY2025 were +39.0% versus the prior year.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and…

Market cap
$298B
P/E (trailing)
15.1×
Fiscal year end
December
ISIN
US6174464486
Reporting currency
USD
Data updated
Oct 9, 2026
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