What is the current annual net margin of MS?

As of today, MS annual net margin is 14.22%

What is 1-year change in MS annual net margin?

MS annual net margin is up +12.86% year-over-year

What is 3-year change in MS annual net margin?

MS annual net margin is down -16.06% over the past 3 years

How far is MS annual net margin from its all-time high?

MS annual net margin is currently -62.12% below its historical high of 37.54% set on December 31, 1991

How does MS annual net margin rank versus sector peers?

MS annual net margin is higher than 46.76% of companies in Financial Services sector

When is MS next annual earnings release?

The next annual earnings release for MS is on January 14, 2027

What is the current quarterly net margin of MS?

As of today, MS quarterly net margin is 14.93%

What is MS quarterly net margin most recent change?

MS quarterly net margin was down -8.80% on September 30, 2026

What is 1-year change in MS quarterly net margin?

MS quarterly net margin is up +0.13% year-over-year

How far is MS quarterly net margin from its all-time high?

MS quarterly net margin is currently -62.84% below its historical high of 40.18% set on March 31, 1991

How does MS quarterly net margin rank versus sector peers?

MS quarterly net margin is higher than 45.42% of companies in Financial Services sector

When is MS next earnings release?

The next earnings release for MS is on January 14, 2027

Morgan Stanley (MS) Net Margin History & Chart Since 1985

Annual Net Margin

14.22%1.62%+12.86%

December 31, 2025

Summary

Current Value: As of today, MS annual net margin is 14.22%, up +12.86% on December 31, 2025
Historical Performance: MS annual net margin is down -16.06% over the past 3 years, down -33.74% over the past 5 years
All-Time High Comparison: MS annual net margin is currently -62.12% below its historical high of 37.54% set on December 31, 1991
3-Year Low Comparison: MS annual net margin is +42.06% above its 3-year low of 10.01% reached on December 31, 2023
Sector Comparison: MS annual net margin is higher than 46.76% of companies in Financial Services sector

Net Margin Chart

beforeafter

Performance

MS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	14.22%	+12.9%	-16.1%	-33.7%	+1.4%
Quarterly Net Margin	Sep 30, 26	14.93%	+0.1%	+44.1%	-39.7%	-24.0%
Price	Oct 23, 26	$179.49	+12.7%	+150.3%	+76.3%	+954.6%
PE Ratio	Oct 23, 26	14.24	-12.9%	+10.8%	+9.5%	+40.6%
Annual Revenue	Dec 31, 25	$119.72B	+11.5%	+81.4%	+129.8%	+219.8%
Annual Net Income	Dec 31, 25	$17.03B	+25.8%	+52.3%	+52.3%	+224.3%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Operating Margin	Dec 31, 25	18.20%	+12.3%	-14.6%	-35.7%	+16.4%

Net Margin Highs

MS Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	16.94%	N/A	-16.1%
5Y	24.64%	Dec 31, 21	-42.3%
All	37.54%	Dec 31, 91	-62.1%

Net Margin Lows

MS Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	10.01%	Dec 31, 23	+42.1%
5Y	10.01%	Dec 31, 23	+42.1%
All	-20.72%	Dec 31, 88	+168.6%

Net Margin History

Year	Value	Change
2025	14.22%	+12.9%
2024	12.60%	+25.9%
2023	10.01%	-40.9%
2022	16.94%	-31.3%
2021	24.64%	+14.8%
2020	21.46%	+25.4%
2019	17.11%	-3.4%
2018	17.71%	+24.2%
2017	14.26%	-11.2%
2016	16.05%	-3.5%
2015	16.63%	+70.4%
2014	9.76%	-3.5%
2013	10.11%	+330.2%
2012	2.35%	-79.4%
2011	11.42%	-18.5%
2010	14.02%	+222.3%
2009	4.35%	+51.6%
2008	2.87%	-4.7%
2007	3.01%	-66.4%
2006	8.96%	-10.1%

Year	Value	Change
2005	9.97%	-15.4%
2004	11.78%	+4.4%
2003	11.28%	+18.6%
2002	9.51%	+15.1%
2001	8.26%	-31.2%
2000	12.01%	-14.9%
1999	14.12%	+29.5%
1998	10.90%	+14.4%
1997	9.53%	-9.6%
1996	10.54%	-21.0%
1995	13.34%	0.0%
1994	13.34%	+10.6%
1993	12.06%	-64.9%
1993	34.33%	-8.6%
1991	37.54%	+48.9%
1990	25.22%	-24.6%
1989	33.45%	+261.4%
1988	-20.72%	-6.5%
1986	-19.45%	-65.4%
1985	-11.76%	-

FAQ

What is the current annual net margin of MS?: As of today, MS annual net margin is 14.22%
What is 1-year change in MS annual net margin?: MS annual net margin is up +12.86% year-over-year
What is 3-year change in MS annual net margin?: MS annual net margin is down -16.06% over the past 3 years
How far is MS annual net margin from its all-time high?: MS annual net margin is currently -62.12% below its historical high of 37.54% set on December 31, 1991
How does MS annual net margin rank versus sector peers?: MS annual net margin is higher than 46.76% of companies in Financial Services sector
When is MS next annual earnings release?: The next annual earnings release for MS is on January 14, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Quarterly Net Margin

14.93%1.44%-8.80%

September 30, 2026

Summary

Current Value: As of today, MS quarterly net margin is 14.93%, down -8.80% on September 30, 2026
Historical Performance: MS quarterly net margin is up +0.13% year-over-year, up +44.11% over the past 3 years
All-Time High Comparison: MS quarterly net margin is currently -62.84% below its historical high of 40.18% set on March 31, 1991
3-Year Low Comparison: MS quarterly net margin is +111.47% above its 3-year low of 7.06% reached on December 31, 2023
Sector Comparison: MS quarterly net margin is higher than 45.42% of companies in Financial Services sector

Performance

MS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 26	14.93%	-8.8%	+0.1%	+44.1%	-39.7%
Annual Net Margin	Dec 31, 25	14.22%	–	+12.9%	-16.1%	-33.7%
Price	Oct 23, 26	$179.49	-16.6%	+12.7%	+150.3%	+76.3%
PE Ratio	Oct 23, 26	14.24	-18.1%	-12.9%	+10.8%	+9.5%
Quarterly Revenue	Sep 30, 26	$33.28B	-3.7%	+6.6%	+41.6%	+121.1%
Quarterly Net Income	Sep 30, 26	$4.97B	-12.1%	+6.8%	+104.1%	+33.4%
Quarterly Gross Margin	Sep 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Operating Margin	Sep 30, 26	19.47%	-7.5%	+1.8%	+46.3%	-39.7%

Quarterly Net Margin Highs

MS Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	17.04%	Mar 31, 26	-12.4%
3Y	17.04%	Mar 31, 26	-12.4%
5Y	25.06%	Dec 31, 21	-40.4%
All	40.18%	Mar 31, 91	-62.8%

Quarterly Net Margin Lows

MS Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	14.75%	Dec 31, 25	+1.2%
3Y	7.06%	Dec 31, 23	+111.5%
5Y	7.06%	Dec 31, 23	+111.5%
All	-28.22%	Nov 30, 08	+152.9%

Quarterly Net Margin History

Month	Value	Change
Sep 2026	14.93%	-8.8%
Jun 2026	16.37%	-3.9%
Mar 2026	17.04%	+15.5%
Dec 2025	14.75%	-1.1%
Sep 2025	14.91%	+22.6%
Jun 2025	12.16%	-19.0%
Mar 2025	15.02%	-5.7%
Dec 2024	15.93%	+35.3%
Sep 2024	11.77%	-0.1%
Jun 2024	11.78%	-10.4%
Mar 2024	13.15%	+86.3%
Dec 2023	7.06%	-31.9%
Sep 2023	10.36%	+4.4%
Jun 2023	9.92%	-27.1%
Mar 2023	13.61%	+19.5%
Dec 2022	11.39%	-28.9%
Sep 2022	16.03%	-8.7%
Jun 2022	17.55%	-28.0%
Mar 2022	24.39%	-2.7%
Dec 2021	25.06%	+1.3%
Sep 2021	24.75%	+6.4%
Jun 2021	23.26%	-9.5%
Mar 2021	25.70%	+5.6%
Dec 2020	24.33%	+8.3%
Sep 2020	22.46%	-0.8%
Jun 2020	22.65%	+52.3%
Mar 2020	14.87%	-12.7%
Dec 2019	17.03%	+1.0%
Sep 2019	16.86%	+3.0%
Jun 2019	16.37%	-9.6%
Mar 2019	18.10%	+37.0%
Dec 2018	13.21%	-23.2%
Sep 2018	17.20%	-9.7%
Jun 2018	19.05%	-9.5%
Mar 2018	21.04%	+251.3%
Dec 2017	5.99%	-64.0%
Sep 2017	16.64%	+0.5%
Jun 2017	16.56%	-9.6%
Mar 2017	18.31%	+10.4%
Dec 2016	16.59%	-1.8%
Sep 2016	16.89%	-0.4%
Jun 2016	16.96%	+26.3%
Mar 2016	13.43%	+159.8%
Dec 2015	5.17%	-58.0%
Sep 2015	12.31%	-24.2%
Jun 2015	16.24%	-29.0%
Mar 2015	22.87%	+223.4%
Dec 2014	-18.54%	-202.2%
Sep 2014	18.14%	-9.3%
Jun 2014	19.99%	+28.1%
Mar 2014	15.60%	+301.0%
Dec 2013	3.89%	-64.6%
Sep 2013	10.98%	-1.4%
Jun 2013	11.14%	-18.0%
Mar 2013	13.59%	+31.6%
Dec 2012	10.33%	+175.3%
Sep 2012	-13.71%	-262.6%
Jun 2012	8.43%	+387.3%
Mar 2012	1.73%	+199.4%
Dec 2011	-1.74%	-108.9%
Sep 2011	19.65%	+54.2%
Jun 2011	12.74%	+20.9%
Mar 2011	10.54%	-9.5%
Dec 2010	11.65%	+21.1%
Sep 2010	9.62%	-29.3%
Jun 2010	13.60%	-26.5%
Mar 2010	18.50%	+59.1%
Dec 2009	11.63%	+56.1%
Sep 2009	7.45%	+139.7%
Jun 2009	-18.75%	-352.9%
Mar 2009	-4.14%	+85.3%
Nov 2008	-28.22%	-430.8%
Aug 2008	8.53%	+37.4%
May 2008	6.21%	-15.2%
Feb 2008	7.32%	+129.9%

Month	Value	Change
Nov 2007	-24.47%	-452.6%
Aug 2007	6.94%	-25.5%
May 2007	9.31%	-10.2%
Feb 2007	10.37%	-7.0%
Nov 2006	11.15%	+20.8%
Aug 2006	9.23%	-9.7%
May 2006	10.22%	-32.4%
Feb 2006	15.11%	+34.3%
Nov 2005	11.25%	+27.0%
Aug 2005	8.86%	+13.2%
May 2005	7.83%	-32.2%
Feb 2005	11.55%	-0.3%
Nov 2004	11.59%	+33.2%
Aug 2004	8.70%	-30.3%
May 2004	12.49%	+2.0%
Feb 2004	12.25%	+5.2%
Nov 2003	11.65%	-21.0%
Aug 2003	14.74%	+94.2%
May 2003	7.59%	-30.4%
Feb 2003	10.90%	+10.9%
Nov 2002	9.83%	+25.2%
Aug 2002	7.85%	-21.9%
May 2002	10.05%	-1.4%
Feb 2002	10.19%	-8.4%
Nov 2001	11.12%	+57.7%
Aug 2001	7.05%	-3.8%
May 2001	7.33%	-12.8%
Feb 2001	8.41%	-27.3%
Nov 2000	11.57%	+8.7%
Aug 2000	10.64%	-14.7%
May 2000	12.47%	-6.2%
Feb 2000	13.29%	-44.9%
Nov 1999	24.13%	+141.3%
Aug 1999	10.00%	-21.3%
May 1999	12.71%	+3.0%
Feb 1999	12.34%	-23.2%
Nov 1998	16.06%	+86.7%
Aug 1998	8.60%	-15.1%
May 1998	10.13%	+11.2%
Feb 1998	9.11%	-21.9%
Nov 1997	11.67%	+24.9%
Aug 1997	9.34%	+12.9%
May 1997	8.27%	-26.9%
Mar 1997	11.31%	+21.4%
Dec 1996	9.32%	-13.3%
Sep 1996	10.75%	-1.2%
Jun 1996	10.88%	-4.1%
Mar 1996	11.35%	+9.9%
Dec 1995	10.33%	-22.3%
Sep 1995	13.30%	-12.5%
Jun 1995	15.20%	+1.9%
Mar 1995	14.92%	+56.6%
Dec 1994	9.53%	-28.9%
Sep 1994	13.40%	-13.5%
Jun 1994	15.50%	+1.6%
Mar 1994	15.25%	+43.3%
Dec 1993	10.64%	-19.9%
Sep 1993	13.29%	+5.0%
Jun 1993	12.66%	+8.8%
Mar 1993	11.64%	-70.9%
Jan 1993	39.97%	+14.6%
Oct 1992	34.89%	+22.7%
Jul 1992	28.44%	-18.9%
Apr 1992	35.06%	-0.8%
Dec 1991	35.36%	-11.2%
Sep 1991	39.83%	+13.0%
Jun 1991	35.26%	-12.2%
Mar 1991	40.18%	+76.3%
Dec 1990	22.79%	-8.5%
Sep 1990	24.90%	+101.0%
Jun 1990	12.39%	-60.5%
Mar 1990	31.40%	-16.2%
Dec 1989	37.49%	+5.5%
Sep 1989	35.52%	+2.8%
Jun 1989	34.56%	-

FAQ

What is the current quarterly net margin of MS?: As of today, MS quarterly net margin is 14.93%
What is MS quarterly net margin most recent change?: MS quarterly net margin was down -8.80% on September 30, 2026
What is 1-year change in MS quarterly net margin?: MS quarterly net margin is up +0.13% year-over-year
How far is MS quarterly net margin from its all-time high?: MS quarterly net margin is currently -62.84% below its historical high of 40.18% set on March 31, 1991
How does MS quarterly net margin rank versus sector peers?: MS quarterly net margin is higher than 45.42% of companies in Financial Services sector
When is MS next earnings release?: The next earnings release for MS is on January 14, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

MS Official Website www.morganstanley.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/895421/000089542126000086/0000895421-26-000086-index.htm
MS Profile on Yahoo Finance finance.yahoo.com/quote/MS
MS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ms