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Morgan Stanley profit margin MS

Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.

Net margin, 12 months
25.5%
Net margin on a year earlier
+2.1 pts
Peer median
40.0%

Over the twelve months to Sep 30, 2026, Morgan Stanley kept 25.5% of its revenue as net profit.

Five years earlier its net margin was 25.0%.

The median for 4 capital markets stocks of a similar size is 40.0%.

Profit margin over time

Net

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet margin
FY202523.9%
FY202421.7%
FY202316.8%
FY202220.6%
FY202125.2%
FY202022.5%
FY201921.8%
FY201821.8%
FY201716.1%
FY201617.3%
FY201517.4%
FY201410.1%
FY20139.0%
FY20120.3%
FY201112.7%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a year
Q3 FY2625.5%+2.1 pts
Q2 FY2625.8%+3.5 pts
Q1 FY2624.6%+2.4 pts
Q4 FY2523.9%+2.2 pts
Q3 FY2523.5%+4.3 pts
Q2 FY2522.3%+3.8 pts
Q1 FY2522.2%+4.8 pts
Q4 FY2421.7%+4.9 pts
Q3 FY2419.2%+1.0 pts
Q2 FY2418.5%−0.2 pts
Q1 FY2417.4%−2.0 pts
Q4 FY2316.8%−3.8 pts

Against its peers

Companies in Financial - Capital Markets nearest Morgan Stanley's size, closest first, today.

CompanyProfit margin
MSMorgan Stanley25.5%
GSGoldman Sachs31.8%
SCHWCharles Schwab39.3%
HOODRobinhood Markets42.0%
TWTradeweb Markets40.7%
Peer median40.0%

Where Morgan Stanley ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Morgan Stanley

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.