What is Morgan Stanley's d&a?

Morgan Stanley (MS) reported d&a of $1.14B in Q4 2025.

How has Morgan Stanley's d&a changed year-over-year?

Morgan Stanley's d&a decreased by 30.8% year-over-year, from $1.65B to $1.14B.

What is the long-term trend for Morgan Stanley's d&a?

Over 4 years (2021 to 2025), Morgan Stanley's d&a has grown at a 2.5% compound annual growth rate (CAGR), from $4.22B to $4.66B.

An accounting adjustment that adds back the cost of wear and tear on equipment and software.

D&A

Operating

Morgan Stanley D&A decreased by 15.6% to $1.14B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 30.8%, from $1.65B to $1.14B. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 2.5% CAGR.

Analysis

StatementCash Flow Statement

SectionOperating

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ1 2007

Last reportedQ4 2025

How to read this metric

Higher values often reflect significant historical capital expenditures or acquisitions that are now being expensed over time.

Detailed definition

A non-cash accounting expense that spreads the cost of tangible and intangible assets over their useful lives. This amou...

Peer comparison

Capital-intensive tech companies with large data center footprints typically show high D&A relative to revenue.

Metric ID: cf_depreciation_and_amortization

Historical Data

19 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25
Value	$1.06B	$1.04B	$1.24B	$942.00M	$921.00M	$928.00M	$1.21B	$940.00M	$922.00M	$988.00M	$1.41B	$975.00M	$1.27B	$1.27B	$1.65B	$865.00M	$1.31B	$1.35B	$1.14B
QoQ Change	—	-2.1%	+19.5%	-23.8%	-2.2%	+0.8%	+30.1%	-22.1%	-1.9%	+7.2%	+42.3%	-30.7%	+30.4%	-0.1%	+29.5%	-47.4%	+51.1%	+3.1%	-15.6%
YoY Change	—	—	—	—	-12.9%	-10.3%	-2.4%	-0.2%	+0.1%	+6.5%	+16.5%	+3.7%	+37.9%	+28.5%	+17.0%	-11.3%	+2.8%	+6.1%	-30.8%

Range$865.00M – $1.65B

CAGR+1.7%

Avg YoY Growth+3.4%

Median YoY Growth+2.8%

D&A at Other Companies

Goldman Sachs GroupGS View metric

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MastercardMA View metric

Exxon MobilXOM View metric

Frequently Asked Questions

What is Morgan Stanley's d&a?: Morgan Stanley (MS) reported d&a of $1.14B in Q4 2025.
How has Morgan Stanley's d&a changed year-over-year?: Morgan Stanley's d&a decreased by 30.8% year-over-year, from $1.65B to $1.14B.
What is the long-term trend for Morgan Stanley's d&a?: Over 4 years (2021 to 2025), Morgan Stanley's d&a has grown at a 2.5% compound annual growth rate (CAGR), from $4.22B to $4.66B.
What does d&a mean?: An accounting adjustment that adds back the cost of wear and tear on equipment and software.

D&A