v3.25.4
Consolidated Statement of Changes in Total Equity - USD ($)
$ in Millions
Total
Preferred stock
Common stock
Additional paid-in capital
Retained earnings
Retained earnings
Adjustment
 [1]
Employee stock trusts
Accumulated other comprehensive income (loss)
Common stock held in treasury at cost
Common stock issued to employee stock trusts
Noncontrolling interests
Beginning balance at Dec. 31, 2022   $ 8,750 $ 20 $ 29,339 $ 94,862 $ 0 $ 4,881 $ (6,253) $ (26,577) $ (4,881) $ 1,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based award activity       493     433   1,654 (433)  
Issuance of preferred stock   0   0              
Other net increases (decreases)         (3)           (178)
Net income applicable to Morgan Stanley $ 9,087       9,087            
Preferred stock dividends (557)       (557) [2]            
Common stock dividends (5,393)       (5,393) [2]            
Net change in Accumulated other comprehensive income (loss) (279)             (168)     (111)
Repurchases of common stock and employee tax withholdings                 (6,216)    
Net income applicable to noncontrolling interests (143)                   143
Ending balance at Dec. 31, 2023 99,982 8,750 20 29,832 97,996 (60) 5,314 (6,421) (31,139) (5,314) 944
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based award activity       352     (211)   1,704 211  
Issuance of preferred stock   1,000   (5)              
Other net increases (decreases)         (2)           (85)
Net income applicable to Morgan Stanley 13,390       13,390            
Preferred stock dividends (590)       (590) [2]            
Common stock dividends (5,745)       (5,745) [2]            
Net change in Accumulated other comprehensive income (loss) (474)             (393)     (81)
Repurchases of common stock and employee tax withholdings                 (4,178)    
Net income applicable to noncontrolling interests (139)                   139
Ending balance at Dec. 31, 2024 105,428 9,750 20 30,179 104,989   5,103 (6,814) (33,613) (5,103) 917
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based award activity       974     51   1,359 (51)  
Issuance of preferred stock   0   0              
Other net increases (decreases)         0           (51)
Net income applicable to Morgan Stanley 16,861       16,861            
Preferred stock dividends (612)       (612) [2]            
Common stock dividends (6,147)       (6,147) [2]            
Net change in Accumulated other comprehensive income (loss) 519             529     (10)
Repurchases of common stock and employee tax withholdings                 (5,843)    
Net income applicable to noncontrolling interests (164)                   164
Ending balance at Dec. 31, 2025 $ 112,652 $ 9,750 $ 20 $ 31,153 $ 115,091 $ 0 $ 5,154 $ (6,285) $ (38,097) $ (5,154) $ 1,020
[1] The Firm adopted the Investments - Tax Credit Structures accounting standard update on January 1, 2024. Refer to Note 2 for further information.
[2] See Note 17 for information regarding dividends per share for each class of stock.