KPIs & Operating Metrics(New)

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

Morgan Stanley (MS) has disclosed Net Margin for 17 consecutive years, with 23.76% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin rose 179.0% to 23.76% in Q4 2025 year-over-year; TTM through Dec 2025 was 23.0%, a 228.0% increase, with the full-year FY2025 number at 23.0%, up 228.0% from a year prior.
  • Net Margin was 23.76% for Q4 2025 at Morgan Stanley, down from 24.42% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 25.33% in Q1 2021 to a low of 10.72% in Q4 2023.
  • A 5-year average of 20.63% and a median of 20.89% in 2025 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: tumbled -816bps in 2022, then surged 1124bps in 2024.
  • Morgan Stanley's Net Margin stood at 24.73% in 2021, then tumbled by -33bps to 16.57% in 2022, then plummeted by -35bps to 10.72% in 2023, then skyrocketed by 105bps to 21.97% in 2024, then grew by 8bps to 23.76% in 2025.
  • Per Business Quant, the three most recent readings for MS's Net Margin are 23.76% (Q4 2025), 24.42% (Q3 2025), and 20.2% (Q2 2025).