Financing

Net repurchase agreement activity

Morgan Stanley Net repurchase agreement activity increased by 312.1% to $17.04B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 306.2%, from -$8.26B to $17.04B. Over 3 years (FY 2021 to FY 2025), Net repurchase agreement activity shows an upward trend with a 34.9% CAGR.

Analysis

StatementCash Flow Statement
SectionFinancing
CategoryLeverage
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025

How to read this metric

High activity indicates active use of repo markets for liquidity; significant net outflows may indicate a need to deleverage or reduced market access.

Detailed definition

This reflects the net cash flow from short-term borrowing arrangements where the company sells securities with an agreem...

Peer comparison

Common among investment banks and financial institutions as a core funding mechanism.

Metric ID: cf_repurchase_agreements_net

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$3.02B$4.34B$201.00M-$2.12B$6.11B-$6.05B$2.40B-$2.04B-$4.13B$20.30B$19.75B-$16.73B-$7.35B-$8.26B$19.21B$265.00M-$8.03B$17.04B
QoQ Change+43.7%-95.4%<-999%+388.3%-198.9%+139.7%-185.1%-102.1%+591.7%-2.7%-184.7%+56.1%-12.4%+332.4%-98.6%<-999%+312.1%
YoY Change+102.3%-239.2%>999%+3.6%-167.6%+435.7%>999%-305.2%-136.2%-2.8%+101.6%-9.3%+306.2%
Range-$16.73B$20.30B
CAGR+50.2%
Avg YoY Growth+173.1%
Median YoY Growth+3.6%

Frequently Asked Questions

What is Morgan Stanley's net repurchase agreement activity?
Morgan Stanley (MS) reported net repurchase agreement activity of $17.04B in Q4 2025.
How has Morgan Stanley's net repurchase agreement activity changed year-over-year?
Morgan Stanley's net repurchase agreement activity increased by 306.2% year-over-year, from -$8.26B to $17.04B.
What is the long-term trend for Morgan Stanley's net repurchase agreement activity?
Over 3 years (2021 to 2025), Morgan Stanley's net repurchase agreement activity has grown at a 34.9% compound annual growth rate (CAGR), from $11.60B to $28.47B.
What does net repurchase agreement activity mean?
The net cash impact from short-term borrowing secured by the company's assets.

Cookie Preferences

We use cookies for analytics. See our Privacy and Cookie Policy.