Here are the 10-K annual reports from Morgan Stanley (MS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MS filings page.
Morgan Stanley filed its annual report for the year ended December 31, 2025, describing a global financial services firm operating through Institutional Securities, Wealth Management and Investment Management segments.
The report notes extensive U.S. and non-U.S. regulation, including Federal Reserve consolidated supervision as a financial holding company, Basel III-based capital and liquidity rules, Volcker Rule limits, and detailed resolution and recovery planning.
Key risks highlighted include market volatility, credit losses, liquidity and funding pressures, operational and cybersecurity threats, legal and regulatory exposure, and intense competition from traditional financial institutions and technology-driven entrants. As of June 30, 2025, non-affiliate common equity market value was approximately $217,968,854,713, and as of January 31, 2026, there were 1,587,860,206 common shares outstanding.
The firm emphasizes human capital, reporting approximately 83 thousand employees across 42 countries, a 2025 engagement survey showing 93% are proud to work at Morgan Stanley, and 2025 compensation and benefits expense of $29,216 million, alongside detailed governance, compliance and financial-crimes programs.