Morgan Stanley (MS) EBITDA Margin (2009 - 2026)
Morgan Stanley (MS) posted quarterly EBITDA Margin of 103.04% for Q1 2026, up 153.0% year-over-year from 40.73% in Q1 2025, and up 1.43% quarter-over-quarter from 101.59% in Q4 2025.
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Morgan Stanley (MS) EBITDA Margin (2009 - 2026) Analysis & Trends
Morgan Stanley (MS) has reported EBITDA Margin for 18 consecutive years, with 103.04% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin rose 153.0% year-over-year to 103.04%; the TTM figure through Mar 2026 stood at 102.81% (up 89.0% YoY), while the FY2025 annual figure was 100.46%, down 309.0% from the prior year.
- EBITDA Margin grew to 103.04% in Q1 2026 per MS's latest filing, from 101.59% in the prior quarter.
- Across five years, EBITDA Margin topped out at 107.51% in Q1 2024 and bottomed at 35.21% in Q1 2022.
- Historically, EBITDA Margin has averaged 86.75% across 5 years, with a median of 100.16% in 2023.
- Annual changes were most pronounced in 2023 — EBITDA Margin soared 5208 bps — and 2025, when it slumped 600 bps.
- Morgan Stanley's EBITDA Margin stood at 76.14% in 2022, then decreased by 4 bps to 73.01% in 2023, then soared by 34 bps to 97.67% in 2024, then climbed by 4 bps to 101.59% in 2025, then increased by 1 bps to 103.04% in 2026.
- Business Quant data shows MS's EBITDA Margin at 103.04% in Q1 2026, 101.59% in Q4 2025, and 104.22% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 329.44 Bn | 169.31 Bn | - | 95.89% |
| 2 | Goldman Sachs | 300.90 Bn | -675.44 Bn | - | 131.07% |
| 3 | Schwab Charles | 188.46 Bn | 114.86 Bn | - | 63.04% |
| 4 | Robinhood Markets | 95.87 Bn | 78.49 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 39.89 Bn | -24.41 Bn | - | 138.98% |
| 6 | LPL Financial Holdings | 28.30 Bn | 25.60 Bn | - | 11.90% |
| 7 | Circle Internet | 22.04 Bn | 20.31 Bn | 288.85 Mn | 5.04% |
| 8 | Tradeweb Markets | 22.00 Bn | 19.94 Bn | - | 45.17% |
| 9 | Futu Holdings | 16.48 Bn | -19,683,684.71 Bn | 792.50 Mn | 62.05% |
| 10 | UP Fintech Holding | 12.74 Bn | 12.74 Bn | - | 31.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.89% |
| Mar 31, 2026 | 95.15% |
| Dec 31, 2025 | 99.83% |
| Sep 30, 2025 | 104.22% |
| Jun 30, 2025 | 102.31% |
| Mar 31, 2025 | 95.49% |
| Dec 31, 2024 | 97.67% |
| Sep 30, 2024 | 105.38% |
| Jun 30, 2024 | 103.44% |
| Mar 31, 2024 | 102.60% |
| Dec 31, 2023 | 101.03% |
| Sep 30, 2023 | 100.16% |
| Jun 30, 2023 | 87.06% |
| Mar 31, 2023 | 78.49% |
| Dec 31, 2022 | 76.14% |
| Sep 30, 2022 | 53.74% |
| Jun 30, 2022 | 35.40% |
| Mar 31, 2022 | 33.93% |
| Dec 31, 2021 | 35.84% |
| Sep 30, 2021 | 34.99% |