Morgan Stanley (MS) Net Margin (2009 - 2026)
Morgan Stanley (MS) recorded Net Margin of 25.46% in Q2 2026, up 5.26 percentage points from 20.20% a year earlier but down 0.83 percentage points from the prior quarter.
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Analysis
Morgan Stanley (MS) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Morgan Stanley's Net Margin came in at 25.05% as of Jun 30, 2026, up 3.67 percentage points year-over-year; for FY2025, it came in at 23.00%, up 2.28 percentage points from FY2024.
- Annual Net Margin has a five-year change of +1.47 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 20.73% in FY2024 (+4.97 pp), 15.75% in FY2023 (-3.88 pp), 19.64% in FY2022 (-4.74 pp) and 24.38% in FY2021 (+2.84 pp).
- Quarterly Net Margin has ranged from 10.72% in Q4 2023 to 26.29% in Q1 2026 over the past five years.
- On a year-over-year basis, Net Margin has increased for ten consecutive quarters, with an average year-over-year change of +3.87 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 11.24 percentage points in Q4 2024, against a drop of 8.16 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.29% (Q1 2026), 23.76% (Q4 2025) and 24.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 27.23% |
| 10 | American Express | 204.37 Bn | -3.81 Bn | - | 15.84% |
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% |
API Access
Morgan Stanley Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();