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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |