What is the current annual operating margin of MS?

As of today, MS annual operating margin is 18.20%

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

MS annual operating margin is up +12.28% year-over-year

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

MS annual operating margin is down -14.63% over the past 3 years

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

MS annual operating margin is currently -43.07% below its historical high of 31.97% set on December 31, 2021

How does MS annual operating margin rank versus sector peers?

MS annual operating margin is higher than 43.55% 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 operating margin of MS?

As of today, MS quarterly operating margin is 19.47%

What is MS quarterly operating margin most recent change?

MS quarterly operating margin was down -7.46% on September 30, 2026

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

MS quarterly operating margin is up +1.83% year-over-year

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

MS quarterly operating margin is currently -69.00% below its historical high of 62.81% set on December 31, 2015

How does MS quarterly operating margin rank versus sector peers?

MS quarterly operating margin is higher than 39.76% 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) Operating Margin History & Chart

Annual Operating Margin

18.20%1.99%+12.28%

December 31, 2025

Summary

Current Value: As of today, MS annual operating margin is 18.20%, up +12.28% on December 31, 2025
Historical Performance: MS annual operating margin is down -14.63% over the past 3 years, down -35.69% over the past 5 years
All-Time High Comparison: MS annual operating margin is currently -43.07% below its historical high of 31.97% set on December 31, 2021
3-Year Low Comparison: MS annual operating margin is +43.08% above its 3-year low of 12.72% reached on December 31, 2023
Sector Comparison: MS annual operating margin is higher than 43.55% of companies in Financial Services sector

Operating Margin Chart

beforeafter

Performance

MS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	18.20%	+12.3%	-14.6%	-35.7%	+16.4%
Quarterly Operating Margin	Sep 30, 26	19.47%	+1.8%	+46.3%	-39.7%	-39.7%
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 Operating Profit	Dec 31, 25	$21.79B	+25.2%	+54.9%	+47.8%	+272.3%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Net Margin	Dec 31, 25	14.22%	+12.9%	-16.1%	-33.7%	+1.4%

Operating Margin Highs

MS Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	21.32%	N/A	-14.6%
5Y	31.97%	Dec 31, 21	-43.1%
All	31.97%	Dec 31, 21	-43.1%

Operating Margin Lows

MS Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	12.72%	Dec 31, 23	+43.1%
5Y	12.72%	Dec 31, 23	+43.1%
All	1.76%	Dec 31, 12	+934.1%

Operating Margin History

Year	Value	Change
2025	18.20%	+12.3%
2024	16.21%	+27.4%
2023	12.72%	-40.3%
2022	21.32%	-33.3%
2021	31.97%	+13.0%
2020	28.30%	+31.1%
2019	21.58%	-4.7%
2018	22.65%	-7.9%
2017	24.60%	+1.5%
2016	24.24%	+8.8%
2015	22.27%	+156.3%
2014	8.69%	-15.5%
2013	10.28%	+484.1%
2012	1.76%	-90.7%
2011	19.01%	+21.6%

Year	Value	Change
2010	15.63%	+354.4%
2009	3.44%	-8.5%
2008	3.76%	-5.5%
2007	3.98%	-69.1%
2006	12.87%	-5.7%
2005	13.65%	-21.2%
2004	17.33%	-0.6%
2003	17.43%	+13.8%
2002	15.32%	+16.1%
2001	13.20%	-29.4%
2000	18.70%	-17.9%
1999	22.78%	+50.9%
1998	15.10%	-5.8%
1997	16.03%	-6.3%
1996	17.11%	-

FAQ

What is the current annual operating margin of MS?: As of today, MS annual operating margin is 18.20%
What is 1-year change in MS annual operating margin?: MS annual operating margin is up +12.28% year-over-year
What is 3-year change in MS annual operating margin?: MS annual operating margin is down -14.63% over the past 3 years
How far is MS annual operating margin from its all-time high?: MS annual operating margin is currently -43.07% below its historical high of 31.97% set on December 31, 2021
How does MS annual operating margin rank versus sector peers?: MS annual operating margin is higher than 43.55% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

19.47%1.57%-7.46%

September 30, 2026

Summary

Current Value: As of today, MS quarterly operating margin is 19.47%, down -7.46% on September 30, 2026
Historical Performance: MS quarterly operating margin is up +1.83% year-over-year, up +46.28% over the past 3 years
All-Time High Comparison: MS quarterly operating margin is currently -69.00% below its historical high of 62.81% set on December 31, 2015
3-Year Low Comparison: MS quarterly operating margin is +451.44% above its 3-year low of -5.54% reached on December 31, 2023
Sector Comparison: MS quarterly operating margin is higher than 39.76% of companies in Financial Services sector

Performance

MS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	19.47%	-7.5%	+1.8%	+46.3%	-39.7%
Annual Operating Margin	Dec 31, 25	18.20%	–	+12.3%	-14.6%	-35.7%
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 Operating Profit	Sep 30, 26	$6.48B	-10.9%	+8.6%	+107.1%	+33.3%
Quarterly Gross Margin	Sep 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Net Margin	Sep 30, 26	14.93%	-8.8%	+0.1%	+44.1%	-39.7%

Quarterly Operating Margin Highs

MS Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	21.04%	Jun 30, 26	-7.5%
3Y	21.04%	Jun 30, 26	-7.5%
5Y	32.30%	N/A	-39.7%
All	62.81%	Dec 31, 15	-69.0%

Quarterly Operating Margin Lows

MS Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	19.10%	Dec 31, 25	+1.9%
3Y	-5.54%	Dec 31, 23	+451.4%
5Y	-5.54%	Dec 31, 23	+451.4%
All	-42.27%	Nov 30, 08	+146.1%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	19.47%	-7.5%
Jun 2026	21.04%	+0.5%
Mar 2026	20.93%	+9.6%
Dec 2025	19.10%	-0.1%
Sep 2025	19.12%	+22.2%
Jun 2025	15.65%	-17.0%
Mar 2025	18.86%	+291.3%
Dec 2024	4.82%	-68.2%
Sep 2024	15.16%	-0.3%
Jun 2024	15.20%	-7.7%
Mar 2024	16.47%	+397.3%
Dec 2023	-5.54%	-141.6%
Sep 2023	13.31%	+8.3%
Jun 2023	12.29%	-26.7%
Mar 2023	16.77%	+18.7%
Dec 2022	14.13%	-30.3%
Sep 2022	20.28%	-11.2%
Jun 2022	22.85%	-24.0%
Mar 2022	30.08%	-6.1%
Dec 2021	32.05%	-0.8%
Sep 2021	32.30%	+8.0%
Jun 2021	29.92%	-9.8%
Mar 2021	33.18%	+4.8%
Dec 2020	31.66%	+10.6%
Sep 2020	28.63%	-7.4%
Jun 2020	30.92%	+74.6%
Mar 2020	17.71%	-16.1%
Dec 2019	21.12%	+3.0%
Sep 2019	20.51%	-3.1%
Jun 2019	21.17%	-4.6%
Mar 2019	22.19%	+35.8%
Dec 2018	16.34%	-27.3%
Sep 2018	22.47%	-5.0%
Jun 2018	23.65%	-8.4%
Mar 2018	25.82%	+5.5%
Dec 2017	24.48%	+7.3%
Sep 2017	22.81%	-5.9%
Jun 2017	24.24%	-4.2%
Mar 2017	25.31%	+11.6%
Dec 2016	22.68%	-9.6%
Sep 2016	25.10%	-2.6%
Jun 2016	25.76%	+28.7%
Mar 2016	20.02%	-68.1%
Dec 2015	62.81%	+273.9%
Sep 2015	16.80%	-35.5%
Jun 2015	26.04%	-0.3%
Mar 2015	26.12%	+173.0%
Dec 2014	-35.80%	-260.3%
Sep 2014	22.33%	+11.4%
Jun 2014	20.04%	-10.4%
Mar 2014	22.37%	+1,130.9%
Dec 2013	-2.17%	-114.5%
Sep 2013	14.99%	-20.5%
Jun 2013	18.86%	+24.2%
Mar 2013	15.19%	+57.9%
Dec 2012	9.62%	+149.9%
Sep 2012	-19.29%	-273.2%
Jun 2012	11.14%	+351.0%
Mar 2012	2.47%	-82.0%
Dec 2011	13.73%	-57.5%
Sep 2011	32.28%	+84.1%
Jun 2011	17.53%	-15.0%

Month	Value	Change
Mar 2011	20.63%	+65.0%
Dec 2010	12.50%	+33.4%
Sep 2010	9.37%	-47.4%
Jun 2010	17.80%	-26.3%
Mar 2010	24.15%	+127.6%
Dec 2009	10.61%	-28.7%
Sep 2009	14.88%	+324.8%
Jun 2009	-6.62%	+39.4%
Mar 2009	-10.92%	+74.2%
Nov 2008	-42.27%	-462.2%
Aug 2008	11.67%	+33.4%
May 2008	8.75%	-16.3%
Feb 2008	10.45%	+126.2%
Nov 2007	-39.90%	-473.9%
Aug 2007	10.67%	-23.6%
May 2007	13.97%	-10.8%
Feb 2007	15.66%	+7.8%
Nov 2006	14.53%	+9.2%
Aug 2006	13.30%	-20.2%
May 2006	16.66%	+64.6%
Feb 2006	10.12%	-26.2%
Nov 2005	13.72%	+3.6%
Aug 2005	13.24%	+12.9%
May 2005	11.73%	-25.7%
Feb 2005	15.79%	-3.2%
Nov 2004	16.31%	+25.4%
Aug 2004	13.01%	-29.2%
May 2004	18.38%	-4.2%
Feb 2004	19.18%	+12.6%
Nov 2003	17.04%	-18.9%
Aug 2003	21.02%	+47.2%
May 2003	14.28%	-17.0%
Feb 2003	17.20%	-8.5%
Nov 2002	18.80%	+52.5%
Aug 2002	12.33%	-19.4%
May 2002	15.30%	-3.0%
Feb 2002	15.77%	-15.2%
Nov 2001	18.59%	+67.5%
Aug 2001	11.10%	-3.8%
May 2001	11.54%	-12.9%
Feb 2001	13.25%	-26.8%
Nov 2000	18.09%	+13.0%
Aug 2000	16.01%	-18.4%
May 2000	19.63%	-6.3%
Feb 2000	20.94%	-46.2%
Nov 1999	38.94%	+141.7%
Aug 1999	16.11%	-21.5%
May 1999	20.52%	+3.2%
Feb 1999	19.89%	+20.2%
Nov 1998	16.55%	+31.5%
Aug 1998	12.59%	-24.2%
May 1998	16.61%	+11.2%
Feb 1998	14.94%	-23.6%
Nov 1997	19.56%	+28.3%
Aug 1997	15.24%	+1.5%
May 1997	15.01%	-19.3%
Mar 1997	18.60%	+25.0%
Dec 1996	14.88%	-15.8%
Sep 1996	17.68%	0.0%
Jun 1996	17.68%	-4.3%
Mar 1996	18.48%	-

FAQ

What is the current quarterly operating margin of MS?: As of today, MS quarterly operating margin is 19.47%
What is MS quarterly operating margin most recent change?: MS quarterly operating margin was down -7.46% on September 30, 2026
What is 1-year change in MS quarterly operating margin?: MS quarterly operating margin is up +1.83% year-over-year
How far is MS quarterly operating margin from its all-time high?: MS quarterly operating margin is currently -69.00% below its historical high of 62.81% set on December 31, 2015
How does MS quarterly operating margin rank versus sector peers?: MS quarterly operating margin is higher than 39.76% of companies in Financial Services sector
When is MS next earnings release?: The next earnings release for MS is on January 14, 2027

Operating Margin Formula

Operating Profit Margin = Operating 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