Morgan Stanley MS
NYSE MS
$202.51 -0.97 (-0.48%)
At close: Sep 18, 2026 · 4:00 PM EDT

Morgan Stanley (MS) Net Margin (2009 - 2026)

Morgan Stanley's (MS) quarterly Net Margin came in at 25.46% in Q2 2026, up 526.0% year-over-year from 4.07% in Q2 2025, and down 3.15% quarter-over-quarter from 26.29% in Q1 2026.

Analysis

Morgan Stanley (MS) Net Margin (2009 - 2026) Analysis & Trends

Morgan Stanley (MS) has reported Net Margin for 18 consecutive years, with 25.46% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Margin rose 526.0% year-over-year to 25.46% in Q2 2026; TTM through Jun 2026 was 25.05%, a 367.0% increase from a year earlier, with the FY2025 full-year figure at 23.0%, up 228.0% from the prior year.
  • Net Margin was 25.46% for Q2 2026 at Morgan Stanley, down from 26.29% in the prior quarter.
  • Over five years, Net Margin peaked at 26.29% in Q1 2026 and troughed at 10.72% in Q4 2023.
  • A 5-year average of 20.38% and a median of 19.94% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin sank 816 bps in 2022 and jumped 1124 bps in 2024, its largest moves.
  • Over 5 years, Net Margin stood at 16.57% in 2022, then plunged by 35 bps to 10.72% in 2023, then surged by 105 bps to 21.97% in 2024, then advanced by 8 bps to 23.76% in 2025, then gained by 7 bps to 25.46% in 2026.
  • The last three Net Margin figures came in at 25.46% (Q2 2026), 26.29% (Q1 2026), and 23.76% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Bank Of America 405.01 Bn -183.49 Bn 30.39 Bn 27.72%
2 Morgan Stanley 318.33 Bn 158.20 Bn - 25.46%
3 Royal Bank Of Canada 284.62 Bn 57.78 Bn - 32.48%
4 Goldman Sachs 274.43 Bn -701.92 Bn - 31.46%
5 Mitsubishi Ufj Financial 274.26 Bn -110.06 Bn 10.89 Bn -
6 Wells Fargo & Company 260.84 Bn 59.01 Bn - 27.23%
7 American Express 210.32 Bn 161.00 Bn 17.99 Bn 15.84%
8 Banco Santander 210.20 Bn 217.82 Bn 28.01 Bn 11.41%
9 Toronto Dominion Bank 206.68 Bn 45.35 Bn - 26.78%
10 Schwab Charles 181.98 Bn 108.39 Bn - 37.91%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 25.46%
Mar 31, 2026 26.29%
Dec 31, 2025 23.76%
Sep 30, 2025 24.42%
Jun 30, 2025 20.20%
Mar 31, 2025 23.43%
Dec 31, 2024 21.97%
Sep 30, 2024 19.68%
Jun 30, 2024 19.59%
Mar 31, 2024 21.58%
Dec 31, 2023 10.72%
Sep 30, 2023 17.04%
Jun 30, 2023 15.23%
Mar 31, 2023 19.54%
Dec 31, 2022 16.57%
Sep 30, 2022 19.21%
Jun 30, 2022 18.21%
Mar 31, 2022 23.93%
Dec 31, 2021 24.73%
Sep 30, 2021 24.29%