KPIs & Operating Metrics(New)

Morgan Stanley (MS) EBT Margin (2016 - 2025)

Morgan Stanley (MS) has disclosed EBT Margin for 17 consecutive years, with 32.2% as the latest value for Q4 2025.

  • On a quarterly basis, EBT Margin rose 196.0% to 32.2% in Q4 2025 year-over-year; TTM through Dec 2025 was 31.08%, a 259.0% increase, with the full-year FY2025 number at 31.08%, up 259.0% from a year prior.
  • EBT Margin was 32.2% for Q4 2025 at Morgan Stanley, down from 33.08% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 34.0% in Q1 2021 to a low of 16.25% in Q4 2023.
  • A 5-year average of 28.03% and a median of 28.28% in 2025 define the central range for EBT Margin.
  • Peak YoY movement for EBT Margin: plummeted -1171bps in 2022, then soared 1399bps in 2024.
  • Morgan Stanley's EBT Margin stood at 33.63% in 2021, then plummeted by -35bps to 21.92% in 2022, then fell by -26bps to 16.25% in 2023, then surged by 86bps to 30.24% in 2024, then grew by 6bps to 32.2% in 2025.
  • Per Business Quant, the three most recent readings for MS's EBT Margin are 32.2% (Q4 2025), 33.08% (Q3 2025), and 27.53% (Q2 2025).