Morgan Stanley (MS) stock
MSNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31Also trades as MS.PA, MS.PE, MS.PF, MS.PI, MS.PK, MS.PL, MS.PO, MS.PP, MS.PQ
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/301% below fair value
$189.17−1.44 (-0.76%)
Close on Nov 12, 2026Market cap $297.10BP/E 15.0Yield 2.04%
Morgan Stanley profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Morgan Stanley's profit margin for the twelve months ending Sep 30, 2026 was 25.5%. For fiscal 2025 it was 23.9%, against 21.7% the year before. The highest annual figure on record is 25.2% in fiscal 2021.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 23.9% | +2.2 |
| FY2024 | Dec 31, 2024 | 21.7% | +4.9 |
| FY2023 | Dec 31, 2023 | 16.8% | −3.8 |
| FY2022 | Dec 31, 2022 | 20.6% | −4.6 |
| FY2021 | Dec 31, 2021 | 25.2% | +2.6 |
| FY2020 | Dec 31, 2020 | 22.6% | +0.8 |
| FY2019 | Dec 31, 2019 | 21.8% | −0.0 |
| FY2018 | Dec 31, 2018 | 21.8% | +5.7 |
| FY2017 | Dec 31, 2017 | 16.1% | −1.2 |
| FY2016 | Dec 31, 2016 | 17.3% | −0.2 |
| FY2015 | Dec 31, 2015 | 17.4% | +7.3 |
| FY2014 | Dec 31, 2014 | 10.1% | +1.1 |
| FY2013 | Dec 31, 2013 | 9.0% | +8.8 |
| FY2012 | Dec 31, 2012 | 0.3% | −12.5 |
| FY2011 | Dec 31, 2011 | 12.8% | −2.3 |
| FY2010 | Dec 31, 2010 | 15.1% | +7.3 |
| FY2008 | Nov 30, 2008 | 7.7% | −4.4 |
| FY2007 | Nov 30, 2007 | 12.1% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 24.1% | −1.2 |
| Q2 FY2026 | Jun 30, 2026 | 26.1% | +5.1 |
| Q1 FY2026 | Mar 31, 2026 | 27.1% | +2.7 |
| Q4 FY2025 | Dec 31, 2025 | 24.6% | +1.7 |
| Q3 FY2025 | Sep 30, 2025 | 25.3% | +4.6 |
| Q2 FY2025 | Jun 30, 2025 | 21.1% | +0.6 |
| Q1 FY2025 | Mar 31, 2025 | 24.3% | +1.8 |
| Q4 FY2024 | Dec 31, 2024 | 22.9% | +11.1 |
| Q3 FY2024 | Sep 30, 2024 | 20.7% | +2.6 |
| Q2 FY2024 | Jun 30, 2024 | 20.5% | +4.3 |
| Q1 FY2024 | Mar 31, 2024 | 22.5% | +2.0 |
| Q4 FY2023 | Dec 31, 2023 | 11.8% | −5.8 |
| Q3 FY2023 | Sep 30, 2023 | 18.1% | −2.1 |
| Q2 FY2023 | Jun 30, 2023 | 16.2% | −2.8 |
| Q1 FY2023 | Mar 31, 2023 | 20.5% | −4.2 |
| Q4 FY2022 | Dec 31, 2022 | 17.5% | −7.9 |
| Q3 FY2022 | Sep 30, 2022 | 20.3% | −4.9 |
| Q2 FY2022 | Jun 30, 2022 | 19.0% | −4.8 |
| Q1 FY2022 | Mar 31, 2022 | 24.8% | −1.4 |
| Q4 FY2021 | Dec 31, 2021 | 25.4% | +0.6 |
| Q3 FY2021 | Sep 30, 2021 | 25.1% | +1.9 |
| Q2 FY2021 | Jun 30, 2021 | 23.8% | +0.4 |
| Q1 FY2021 | Mar 31, 2021 | 26.2% | +8.8 |
| Q4 FY2020 | Dec 31, 2020 | 24.8% | +4.2 |
| Q3 FY2020 | Sep 30, 2020 | 23.2% | +1.5 |
| Q2 FY2020 | Jun 30, 2020 | 23.4% | +1.9 |
| Q1 FY2020 | Mar 31, 2020 | 17.4% | −6.3 |
| Q4 FY2019 | Dec 31, 2019 | 20.6% | +2.7 |
| Q3 FY2019 | Sep 30, 2019 | 21.7% | +0.3 |
| Q2 FY2019 | Jun 30, 2019 | 21.5% | −1.5 |
| Q1 FY2019 | Mar 31, 2019 | 23.6% | −0.5 |
| Q4 FY2018 | Dec 31, 2018 | 17.9% | +11.1 |
| Q3 FY2018 | Sep 30, 2018 | 21.4% | +2.0 |
| Q2 FY2018 | Jun 30, 2018 | 23.0% | +4.5 |
| Q1 FY2018 | Mar 31, 2018 | 24.1% | +4.3 |
| Q4 FY2017 | Dec 31, 2017 | 6.8% | −11.7 |
| Q3 FY2017 | Sep 30, 2017 | 19.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 18.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 19.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 18.5% | – |
See a number that looks wrong?