TTM
15.1%
YoY change
+1.68pp
Trough year (2012)
0.2%
Peak year (2021)
26.0%
Latest annual
14.7%
Net Profit Margin history chart for Morgan Stanley (MS) from 1989 to 2025
Latest: 14.7%
Net Profit Margin change chart for Morgan Stanley (MS) from 1989 to 2025
Latest: +1.68pp
Net Profit Margin history table for Morgan Stanley (MS) from 1989 to 2025
| 2025 | 14.7% | +1.68pp | ||
| 2024 | 13.0% | +2.69pp | ||
| 2023 | 10.3% | -7.36pp | ||
| 2022 | 17.7% | -8.37pp | ||
| 2021 | 26.0% | +3.88pp | ||
| 2020 | 22.1% | +4.56pp | ||
| 2019 | 17.6% | -0.73pp | ||
| 2018 | 18.3% | +3.59pp | ||
| 2017 | 14.7% | -1.89pp | ||
| 2016 | 16.6% | -0.42pp | ||
| 2015 | 17.0% | +7.43pp | ||
| 2014 | 9.6% | +1.26pp | ||
| 2013 | 8.3% | +8.11pp | ||
| 2012 | 0.2% | -10.68pp | ||
| 2011 | 10.9% | -2.25pp | ||
| 2010 | 13.1% | +8.39pp | ||
| 2009 | 4.8% | +1.59pp | ||
| 2008 | 3.2% | -0.74pp | ||
| 2007 | 3.9% | -6.87pp | ||
| 2006 | 10.8% | +0.09pp | ||
| 2005 | 10.7% | -1.00pp | ||
| 2004 | 11.7% | +0.84pp | ||
| 2003 | 10.8% | +1.62pp | ||
| 2002 | 9.2% | +1.19pp | ||
| 2001 | 8.0% | -4.07pp | ||
| 2000 | 12.1% | -1.76pp | ||
| 1999 | 13.9% | +3.33pp | ||
| 1998 | 10.5% | +0.99pp | ||
| 1997 | 9.5% | -1.01pp | ||
| 1996 | 10.5% | -0.26pp | ||
| 1995 | 10.8% | -0.43pp | ||
| 1994 | 11.2% | +0.85pp | ||
| 1993 | 10.4% | +1.64pp | ||
| 1992 | 8.7% | -0.43pp | ||
| 1991 | 9.2% | +3.50pp | ||
| 1990 | 5.7% | -3.77pp | ||
| 1989 | 9.4% | — |
- 202514.7%+1.68pp
- 202413.0%+2.69pp
- 202310.3%-7.36pp
- 202217.7%-8.37pp
- 202126.0%+3.88pp
- 202022.1%+4.56pp
- 201917.6%-0.73pp
- 201818.3%+3.59pp
- 201714.7%-1.89pp
- 201616.6%-0.42pp
- 201517.0%+7.43pp
- 20149.6%+1.26pp
- 20138.3%+8.11pp
- 20120.2%-10.68pp
- 201110.9%-2.25pp
- 201013.1%+8.39pp
- 20094.8%+1.59pp
- 20083.2%-0.74pp
- 20073.9%-6.87pp
- 200610.8%+0.09pp
- 200510.7%-1.00pp
- 200411.7%+0.84pp
- 200310.8%+1.62pp
- 20029.2%+1.19pp
- 20018.0%-4.07pp
- 200012.1%-1.76pp
- 199913.9%+3.33pp
- 199810.5%+0.99pp
- 19979.5%-1.01pp
- 199610.5%-0.26pp
- 199510.8%-0.43pp
- 199411.2%+0.85pp
- 199310.4%+1.64pp
- 19928.7%-0.43pp
- 19919.2%+3.50pp
- 19905.7%-3.77pp
- 19899.4%—
Net Profit Margin values are taken from Morgan Stanley's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at Morgan Stanley (MS)
According to Morgan Stanley's latest reported financial statements, the company's latest reported net margin is 15.1%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual net margin for Morgan Stanley (MS) came in at 14.66% – expanded 1.7 percentage points year-over-year.
Across the available history, net margin reached its high of 26.02% in 2021 and its low of 0.22% in 2012.
Morgan Stanley Net Profit Margin by Year
Morgan Stanley Net Profit Margin 2025: 14.7%
In 2025, Morgan Stanley reported net margin of 14.66%, expanded 1.7 percentage points from 2024.
Morgan Stanley Net Profit Margin 2024: 13.0%
Morgan Stanley net margin in 2024 was 12.98%, expanded 2.7 percentage points from 2023.
Morgan Stanley Net Profit Margin 2023: 10.3%
2023's net margin for Morgan Stanley came in at 10.29%, contracted 7.4 percentage points from 2022.
Morgan Stanley Net Profit Margin 2022: 17.7%
Morgan Stanley posted net margin of 17.65% in 2022, contracted 8.4 percentage points from 2021.
Morgan Stanley Net Profit Margin 2021: 26.0%
Morgan Stanley net margin in 2021 was 26.02%.
See more financial history for Morgan Stanley (MS).
Sector peers by Net Profit Margin
Financial Services peers of Morgan Stanley (MS), ranked by their latest net margin
| 51.7% | |
| 45.9% | |
| 20.7% | |
| 19.3% | |
| 18.1% | |
| 17.3% | |
| 16.3% | |
| 9.3% |
- 51.7%
- 45.9%
- 20.7%
- 17.3%
- 16.3%
- 9.3%
Frequently asked questions
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