KPIs & Operating Metrics(New)

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

Morgan Stanley has reported Net Margin over the past 17 years, most recently at 23.76% for Q4 2025.

  • Quarterly Net Margin rose 179.0% to 23.76% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 23.0% through Dec 2025, up 228.0% year-over-year, with the annual reading at 23.0% for FY2025, 228.0% up from the prior year.
  • Net Margin was 23.76% for Q4 2025 at Morgan Stanley, down from 24.42% in the prior quarter.
  • Over five years, Net Margin peaked at 25.33% in Q1 2021 and troughed at 10.72% in Q4 2023.
  • The 5-year median for Net Margin is 20.89% (2025), against an average of 20.63%.
  • Year-over-year, Net Margin tumbled -816bps in 2022 and then surged 1124bps in 2024.
  • A 5-year view of Net Margin shows it stood at 24.73% in 2021, then plummeted by -33bps to 16.57% in 2022, then crashed by -35bps to 10.72% in 2023, then soared by 105bps to 21.97% in 2024, then rose 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).