Operating
Change in Securities Borrowed
Morgan Stanley Change in Securities Borrowed increased by 310.2% to $22.80B in Q4 2025 compared to the prior quarter. Over 2 years (FY 2021 to FY 2025), Change in Securities Borrowed shows an upward trend with a 27.3% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
An increase in cash outflow suggests higher demand for securities to support trading strategies or client needs.
Detailed definition
This represents the net cash flow resulting from the firm's securities borrowing activities, which are typically used to...
Peer comparison
Standard for prime brokers and institutional securities firms.
Metric ID:
cf_ms_change_in_securities_borrowedHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $24.55B | -$781.00M | $3.79B | $21.28B | -$12.49B | -$2.03B | $12.84B | -$7.09B | -$18.21B | $0.00 | $11.76B | -$10.14B | $9.70B | $16.37B | -$267.00M | -$10.85B | $22.80B |
| QoQ Change | — | -103.2% | +585.4% | +461.4% | -158.7% | +83.7% | +732.6% | -155.2% | -156.8% | +100.0% | — | -186.2% | +195.7% | +68.7% | -101.6% | <-999% | +310.2% |
| YoY Change | — | — | — | — | -150.9% | -159.9% | -39.7% | +43.2% | -797.0% | — | -8.4% | -43.1% | +153.3% | +39.2% | +97.4% | -211.8% | — |
Range-$18.21B – $24.55B
CAGR-1.8%
Avg YoY Growth-98.0%
Median YoY Growth-39.7%
Change in Securities Borrowed at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's change in securities borrowed?
- Morgan Stanley (MS) reported change in securities borrowed of $22.80B in Q4 2025.
- What is the long-term trend for Morgan Stanley's change in securities borrowed?
- Over 2 years (2021 to 2025), Morgan Stanley's change in securities borrowed has grown at a 27.3% compound annual growth rate (CAGR), from $17.32B to $28.05B.
- What does change in securities borrowed mean?
- Net cash movement related to borrowing securities from other market participants.