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Morgan Stanley MS Net Operating Loss Carryforwards

Net Operating Loss Carryforwards at other companies

Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$6.6B+39.8%
Raymond James Financial logo
Raymond James FinancialRJF
$5M0.0%
Stifel Financial logo
Stifel FinancialSF
$120.7M-24.3%
Citigroup logo
CitigroupC
$10B+11.1%
Moelis & Company logo
Moelis & CompanyMC
$103.08M-27.6%

Other financials

Income statement

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Revenue$20.6B+16.0%
Net income$5.6B+29.0%
EPS (diluted)$3.43+31.9%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$371.57B+18.4%
Total equity$114.29B+7.0%
Total assets$1.58T+21.6%

Cash flow

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Operating cash flow-$7.1B+70.4%
CapEx$754.0M+5.8%
Free cash flow-$7.9B+68.2%

Valuation

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Market cap$329.72B+50.5%
Enterprise value$567.75B+27.2%
P/E18.2×+3.4×
P/S4.5×+1.2×

Profitability

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Net margin24.6%+2.4pp
FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp
Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept ms:DeferredTaxAssetsTaxCreditAndOperatingLossCarryforwards.

The official record: Morgan Stanley’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's net operating loss carryforwards?
Morgan Stanley (MS) reported net operating loss carryforwards of $265M in Q4 2025.
What is the long-term trend for Morgan Stanley's net operating loss carryforwards?
Over 3 years (2022 to 2025), Morgan Stanley's net operating loss carryforwards has grown at a -2.7% compound annual growth rate (CAGR), from $288M to $265M.
What does net operating loss carryforwards mean?
These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.