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Morgan Stanley (MS) Gross Margin: 57.99%

Is Morgan Stanley’s gross margin high or low?

Morgan Stanley's gross margin of 57.99% is 21% below its 5-year average of 72.96%, near the low end of its 5-year range (55.61%–97.63%).

The gross margin for Morgan Stanley (MS) is 57.99% as of Wednesday, June 10, 2026. It is above its 12-month average by 2.93% (56.34%).

MS Gross Margin Chart

MS Gross Margin
57.07%+2.63% 1Y
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MS Average Gross Margin Chart

MS Current vs Average Gross Margin Chart

MS Gross Margin Metrics

GROSS MARGIN

57.99%

GROSS MARGIN AVG TTM

56.34%

GROSS MARGIN AVG 3Y

62.35%

GROSS MARGIN AVG 5Y

72.96%

GROSS MARGIN AVG 10Y

78.33%

GROSS MARGIN AVG 15Y

80.21%

GROSS MARGIN AVG 20Y

73.14%

CURRENT VS TTM AVG

+2.93%

CURRENT VS 3Y AVG

-6.99%

CURRENT VS 5Y AVG

-20.51%

CURRENT VS 10Y AVG

-25.97%

CURRENT VS 15Y AVG

-27.70%

CURRENT VS 20Y AVG

-20.71%

MS Competitors' Gross Margin

NAMEMARKET CAPGROSS MARGINTTM3Y5Y
Morgan Stanley (MS)$327.17B57.99%56.34%62.35%72.96%
The Goldman Sachs Group, Inc. (GS)$296.20B55.55%44.30%48.82%60.59%
Bank of America Corporation (BAC)$388.93B63.18%53.00%60.28%70.02%
Wells Fargo & Company (WFC)$251.58B64.55%63.48%70.30%75.77%
Citigroup Inc. (C)$228.07B45.48%43.10%49.78%59.91%
Mastercard Incorporated (MA)$432.15B82.96%79.87%78.02%77.26%
American Express Company (AXP)$214.47B83.50%82.56%84.69%86.88%
Invesco QQQ Trust, Series 1 (QQQ)$488.15BN/AN/AN/AN/A
BlackRock, Inc. (BLK)$156.77B59.14%52.47%50.40%50.54%
The Charles Schwab Corporation (SCHW)$156.50B87.57%80.92%82.18%87.13%

Gross Margin Analysis

Gross Margin

58.0%

(Revenue - COGS) / Revenue

Morgan Stanley Gross Margin Formula & Definition

Gross Margin = Gross Profit / Revenue

Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Morgan Stanley Gross Margin FAQ

What is the gross margin for Morgan Stanley (MS)?
The gross margin for MS stock is 57.99%.
Is Morgan Stanley's gross margin high or low?
Morgan Stanley's gross margin of 57.99% is 21% below its 5-year average of 72.96%, near the low end of its 5-year range (55.61%–97.63%).
What is the TTM average gross margin for Morgan Stanley (MS)?
The TTM average gross margin for MS stock is 56.34%.
What is the 3Y average gross margin for Morgan Stanley (MS)?
The 3Y average gross margin for MS stock is 62.35%.
What is the 5Y average gross margin for Morgan Stanley (MS)?
The 5Y average gross margin for MS stock is 72.96%.
What is the 10Y average gross margin for Morgan Stanley (MS)?
The 10Y average gross margin for MS stock is 78.33%.
What is the 15Y average gross margin for Morgan Stanley (MS)?
The 15Y average gross margin for MS stock is 80.21%.
What is the 20Y average gross margin for Morgan Stanley (MS)?
The 20Y average gross margin for MS stock is 73.14%.

Morgan Stanley Gross Margin History

DATEGROSS MARGIN
2025-12-3157.07%
2024-12-3155.61%
2023-12-3156.79%
2022-12-3179.92%
2021-12-3197.63%
2020-12-3190.72%
2019-12-3175.58%
2018-12-3178.90%
2017-12-3186.29%
2016-12-3190.79%
2015-12-3192.38%
2014-12-3189.82%
2013-12-3187.42%
2012-12-3180.69%
2011-12-3181.63%
2010-12-3182.09%
2009-12-3176.36%
2008-11-3032.75%
2007-11-3030.37%
2006-11-3039.97%
2005-11-3047.19%
2004-11-3059.30%
2003-11-3059.71%
2002-11-3058.95%
2001-11-3050.24%
2000-11-3057.91%
1999-11-3062.30%
1998-11-3052.82%
1997-11-3054.67%
1996-12-3169.00%

About Morgan Stanley

Morgan Stanley operates as a prominent financial holding company, delivering a comprehensive suite of financial solutions and services. Its diverse clientele spans major corporations, governmental bodies, financial institutions, and individual clients across various global regions, including the Americas, Europe, the Middle East, Africa, and Asia. The firm's operations are structured into three primary divisions: Institutional Securities, Wealth Management, and Investment Management. Within the Institutional Securities segment, Morgan Stanley provides crucial capital-raising and strategic financial advisory services. This includes underwriting activities for debt, equity, and other financial instruments, alongside expert counsel on mergers and acquisitions, corporate reorganizations, real estate transactions, and project financing. Furthermore, this division is a key player in sales and trading, offering services like sales execution, financing solutions, prime brokerage, and market-making across equity and fixed-income products, encompassing foreign exchange and commodities. It also extends corporate and commercial real estate loans, furnishes secured lending facilities, supports sales and trading clients with financing, and engages in asset-backed and mortgage lending. Investment and research services, along with specific wealth management offerings, are also part of this segment. The Wealth Management segment caters to individual investors, as well as small to medium-sized enterprises and institutions. It offers a broad spectrum of services, from financial advisor-led and self-directed brokerage and investment guidance to comprehensive financial and wealth planning. This segment also delivers workplace solutions, such as stock plan administration, and provides annuity and insurance products. Lending options include securities-backed loans, residential real estate mortgages, and other credit facilities, complemented by banking and retirement plan services. Finally, the Investment Management segment is dedicated to providing specialized investment products, including equity, fixed income, liquidity, and alternative strategies. These offerings are distributed through institutional and intermediary channels to a sophisticated client base that features benefit and defined contribution plans, foundations, endowments, governmental entities, sovereign wealth funds, insurance companies, and corporate and third-party fund sponsors. Morgan Stanley's origins trace back to its founding in 1924, and its global headquarters are situated in New York, New York.

New York City, NY
81,000 employees
Financial Services / Financial - Capital Markets
Sector
Financial Services
Industry
Financial - Capital Markets
CEO
Edward N. Pick