Morgan Stanley (MS) Operating Margin: 19.09%
Is Morgan Stanley’s operating margin high or low?
Morgan Stanley's operating margin of 19.09% is 15% below its 5-year average of 22.52%, near the low end of its 5-year range (13.38%–34.04%).
The operating margin for Morgan Stanley (MS) is 19.09% as of Tuesday, June 9, 2026. It is above its 12-month average by 5.62% (18.07%).
MS Operating Margin Chart
MS Average Operating Margin Chart
MS Current vs Average Operating Margin Chart
MS Operating Margin Metrics
OPERATING MARGIN
19.09%
OPERATING MARGIN AVG TTM
18.07%
OPERATING MARGIN AVG 3Y
18.02%
OPERATING MARGIN AVG 5Y
22.52%
OPERATING MARGIN AVG 10Y
23.07%
OPERATING MARGIN AVG 15Y
19.52%
OPERATING MARGIN AVG 20Y
16.75%
CURRENT VS TTM AVG
+5.62%
CURRENT VS 3Y AVG
+5.94%
CURRENT VS 5Y AVG
-15.24%
CURRENT VS 10Y AVG
-17.26%
CURRENT VS 15Y AVG
-2.18%
CURRENT VS 20Y AVG
+13.97%
MS Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morgan Stanley (MS) | — | 19.09% | 18.07% | 18.02% | 22.52% |
| The Goldman Sachs Group, Inc. (GS) | $304.45B | 17.47% | 15.98% | 15.38% | 21.07% |
| Bank of America Corporation (BAC) | $386.20B | 19.68% | 17.44% | 19.57% | 22.46% |
| Wells Fargo & Company (WFC) | $250.94B | 20.40% | 19.52% | 19.13% | 19.19% |
| Citigroup Inc. (C) | $229.72B | 11.78% | 10.88% | 12.21% | 16.43% |
| Mastercard Incorporated (MA) | $437.59B | 59.17% | 57.25% | 56.36% | 55.28% |
| American Express Company (AXP) | $217.24B | 17.14% | 17.26% | 16.84% | 17.11% |
| Invesco QQQ Trust, Series 1 (QQQ) | $495.94B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK) | $157.09B | 29.09% | 33.10% | 34.27% | 35.11% |
| The Charles Schwab Corporation (SCHW) | $154.38B | 41.41% | 35.50% | 34.52% | 35.70% |
Operating Efficiency
Gross Margin
57.1%
Operating Margin
19.1%
Morgan Stanley Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Morgan Stanley Operating Margin FAQ
- What is the operating margin for Morgan Stanley (MS)?
- The operating margin for MS stock is 19.09%.
- Is Morgan Stanley's operating margin high or low?
- Morgan Stanley's operating margin of 19.09% is 15% below its 5-year average of 22.52%, near the low end of its 5-year range (13.38%–34.04%).
- What is the TTM average operating margin for Morgan Stanley (MS)?
- The TTM average operating margin for MS stock is 18.07%.
- What is the 3Y average operating margin for Morgan Stanley (MS)?
- The 3Y average operating margin for MS stock is 18.02%.
- What is the 5Y average operating margin for Morgan Stanley (MS)?
- The 5Y average operating margin for MS stock is 22.52%.
- What is the 10Y average operating margin for Morgan Stanley (MS)?
- The 10Y average operating margin for MS stock is 23.07%.
- What is the 15Y average operating margin for Morgan Stanley (MS)?
- The 15Y average operating margin for MS stock is 19.52%.
- What is the 20Y average operating margin for Morgan Stanley (MS)?
- The 20Y average operating margin for MS stock is 16.75%.
Morgan Stanley Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 19.09% |
| 2024-12-31 | 17.06% |
| 2023-12-31 | 13.38% |
| 2022-12-31 | 22.55% |
| 2021-12-31 | 34.04% |
| 2020-12-31 | 29.02% |
| 2019-12-31 | 21.97% |
| 2018-12-31 | 23.51% |
| 2017-12-31 | 25.04% |
| 2016-12-31 | 24.56% |
| 2015-12-31 | 23.59% |
| 2014-12-31 | 9.93% |
| 2013-12-31 | 12.94% |
| 2012-12-31 | 1.95% |
| 2011-12-31 | 16.30% |
| 2010-12-31 | 17.33% |
| 2009-12-31 | 3.99% |
| 2008-11-30 | 2.33% |
| 2007-11-30 | 3.37% |
| 2006-11-30 | 13.06% |
| 2005-11-30 | 13.65% |
| 2004-11-30 | 17.75% |
| 2003-11-30 | 15.27% |
| 2002-11-30 | 14.29% |
| 2001-11-30 | 12.96% |
| 2000-11-30 | 18.90% |
| 1999-11-30 | 22.34% |
| 1998-11-30 | 17.30% |
| 1997-11-30 | 15.75% |
| 1996-12-31 | 17.11% |