KPIs & Operating Metrics(New)

Morgan Stanley (MS) EBT Margin (2016 - 2026)

Morgan Stanley has reported EBT Margin over the past 17 years, most recently at 32.2% for Q4 2025.

  • Quarterly EBT Margin rose 196.0% to 32.2% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 31.08% through Dec 2025, up 259.0% year-over-year, with the annual reading at 31.08% for FY2025, 259.0% up from the prior year.
  • EBT Margin was 32.2% for Q4 2025 at Morgan Stanley, down from 33.08% in the prior quarter.
  • Over five years, EBT Margin peaked at 34.0% in Q1 2021 and troughed at 16.25% in Q4 2023.
  • The 5-year median for EBT Margin is 28.28% (2025), against an average of 28.03%.
  • Year-over-year, EBT Margin plummeted -1171bps in 2022 and then soared 1399bps in 2024.
  • A 5-year view of EBT Margin shows it stood at 33.63% in 2021, then crashed by -35bps to 21.92% in 2022, then decreased by -26bps to 16.25% in 2023, then skyrocketed by 86bps to 30.24% in 2024, then rose 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).