Discontinued — last reported Q4 '25
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 2025Feb 19, 2026
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:
repurchase_agreements_netHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '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%
Net repurchase agreement activity at Other Companies
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.