Trading liabilities
Current LiabilitiesMorgan Stanley Trading liabilities increased by 4.4% to $169.57B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $153.76B to $169.57B. Over 5 years (FY 2020 to FY 2025), Trading liabilities shows relatively stable performance with a 1.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
Fluctuations reflect the bank's trading strategy and market volatility rather than fundamental operational health.
Detailed definition
This represents the fair value of short positions and other trading obligations held by the bank's market-making and tra...
Peer comparison
Commonly reported by investment banks and universal banks with significant trading operations.
Metric ID:
fin_trading_liabilitiesHistorical 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 | $169.07B | $169.96B | $158.33B | $176.58B | $149.97B | $162.64B | $154.44B | $170.76B | $147.04B | $150.30B | $151.51B | $152.84B | $155.02B | $152.24B | $153.76B | $170.01B | $171.35B | $162.41B | $169.57B |
| QoQ Change | — | +0.5% | -6.8% | +11.5% | -15.1% | +8.4% | -5.0% | +10.6% | -13.9% | +2.2% | +0.8% | +0.9% | +1.4% | -1.8% | +1.0% | +10.6% | +0.8% | -5.2% | +4.4% |
| YoY Change | — | — | — | — | -11.3% | -4.3% | -2.5% | -3.3% | -2.0% | -7.6% | -1.9% | -10.5% | +5.4% | +1.3% | +1.5% | +11.2% | +10.5% | +6.7% | +10.3% |
Range$147.04B – $176.58B
CAGR+0.1%
Avg YoY Growth+0.2%
Median YoY Growth-1.9%
Trading liabilities at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's trading liabilities?
- Morgan Stanley (MS) reported trading liabilities of $169.57B in Q4 2025.
- How has Morgan Stanley's trading liabilities changed year-over-year?
- Morgan Stanley's trading liabilities increased by 10.3% year-over-year, from $153.76B to $169.57B.
- What is the long-term trend for Morgan Stanley's trading liabilities?
- Over 5 years (2020 to 2025), Morgan Stanley's trading liabilities has grown at a 1.5% compound annual growth rate (CAGR), from $157.63B to $169.57B.
- What does trading liabilities mean?
- Obligations arising from short-selling and other trading activities at current market prices.