# MORGAN STANLEY (MS) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from MORGAN STANLEY's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/MS/mda/fy2025/): filed 2026-02-19; accession 0000895421-26-000086 (https://www.sec.gov/Archives/edgar/data/895421/000089542126000086/ms-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/MS/mda/fy2024/): filed 2025-02-21; accession 0000895421-25-000304 (https://www.sec.gov/Archives/edgar/data/895421/000089542125000304/ms-20241231.htm)
- [FY 2023 MD&A](/company/MS/mda/fy2023/): filed 2024-02-22; accession 0000895421-24-000300 (https://www.sec.gov/Archives/edgar/data/895421/000089542124000300/ms-20231231.htm)
- [FY 2022 MD&A](/company/MS/mda/fy2022/): filed 2023-02-24; accession 0000895421-23-000284 (https://www.sec.gov/Archives/edgar/data/895421/000089542123000284/ms-20221231.htm)
- [FY 2021 MD&A](/company/MS/mda/fy2021/): filed 2022-02-24; accession 0000895421-22-000400 (https://www.sec.gov/Archives/edgar/data/895421/000089542122000400/ms-20211231.htm)

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