Morgan Stanley (MS) FCF Margin (2010 - 2026)
Morgan Stanley (MS) posted quarterly FCF Margin of 38.15% for Q1 2026, up 10103.0% year-over-year from N/an in Q1 2025, and down 118.84% quarter-over-quarter from 17.43% in Q4 2025.
Morgan Stanley (MS) FCF Margin (2010 - 2026) Analysis & Trends
Morgan Stanley (MS) has reported FCF Margin for 17 consecutive years, with 38.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 10103.0% year-over-year to 38.15%; the TTM figure through Mar 2026 stood at 5.38% (up 4175.0% YoY), while the FY2025 annual figure was 29.42%, down 2602.0% from the prior year.
- FCF Margin fell to 38.15% in Q1 2026 per MS's latest filing, from 17.43% in the prior quarter.
- Across five years, FCF Margin topped out at 107.48% in Q2 2022 and bottomed at 144.86% in Q4 2023.
- Historically, FCF Margin has averaged 30.48% across 5 years, with a median of 22.2% in 2025.
- Annual changes were most pronounced in 2023 — FCF Margin tumbled 18563 bps — and 2024, when it surged 21218 bps.
- Morgan Stanley's FCF Margin stood at 115.82% in 2022, then declined by 25 bps to 144.86% in 2023, then jumped by 146 bps to 67.32% in 2024, then tumbled by 126 bps to 17.43% in 2025, then slumped by 119 bps to 38.15% in 2026.
- Business Quant data shows MS's FCF Margin at 38.15% in Q1 2026, 17.43% in Q4 2025, and 22.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -16.70% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 27.55% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 111.11% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 54.13% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -603.50% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 214.80% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 3.90% |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 67.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -16.70% |
| Mar 31, 2026 | -38.15% |
| Dec 31, 2025 | -17.43% |
| Sep 30, 2025 | -22.20% |
| Jun 30, 2025 | 65.90% |
| Mar 31, 2025 | -139.18% |
| Dec 31, 2024 | 67.32% |
| Sep 30, 2024 | -118.57% |
| Jun 30, 2024 | 11.15% |
| Mar 31, 2024 | 23.41% |
| Dec 31, 2023 | -144.86% |
| Sep 30, 2023 | 21.35% |
| Jun 30, 2023 | -78.15% |
| Mar 31, 2023 | -72.91% |
| Dec 31, 2022 | -115.82% |
| Sep 30, 2022 | -64.76% |
| Jun 30, 2022 | 107.48% |
| Mar 31, 2022 | -2.79% |
| Dec 31, 2021 | -2.07% |
| Sep 30, 2021 | 10.23% |