Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on equity (ROE) high or low?
The return on equity (ROE) of 18.32% is 45% above its 5-year average of 12.66%, near the high end of its 5-year range (9.18%–18.32%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.90% above its 12-month average of 15.54%.
Trailing-twelve-month return on equity at each fiscal quarter end; no daily interpolation.
RETURN ON EQUITY (ROE)
18.32%
RETURN ON EQUITY (ROE) AVG TTM
15.54%
RETURN ON EQUITY (ROE) AVG 3Y
12.59%
RETURN ON EQUITY (ROE) AVG 5Y
12.66%
RETURN ON EQUITY (ROE) AVG 10Y
10.97%
RETURN ON EQUITY (ROE) AVG 15Y
9.24%
RETURN ON EQUITY (ROE) AVG 20Y
8.33%
CURRENT VS TTM AVG
+17.90%
CURRENT VS 3Y AVG
+45.50%
CURRENT VS 5Y AVG
+44.71%
CURRENT VS 10Y AVG
+67.04%
CURRENT VS 15Y AVG
+98.28%
CURRENT VS 20Y AVG
+119.98%
SECTOR MEDIAN · FINANCIAL SERVICES
13.52%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+35.49%
vs the sector median at left
Morgan Stanley
Market Cap
$342.27B
Return on Equity (ROE)
18.32%
TTM Avg
15.54%
3Y Avg
12.59%
5Y Avg
12.66%
Market Cap
$305.10B
Return on Equity (ROE)
17.09%
TTM Avg
12.72%
3Y Avg
10.58%
5Y Avg
11.98%
Market Cap
$266.96B
Return on Equity (ROE)
12.57%
TTM Avg
11.39%
3Y Avg
10.17%
5Y Avg
9.05%
Market Cap
$443.57B
Return on Equity (ROE)
11.18%
TTM Avg
9.62%
3Y Avg
9.60%
5Y Avg
9.47%
Market Cap
$220.52B
Return on Equity (ROE)
33.39%
TTM Avg
32.91%
3Y Avg
31.52%
5Y Avg
29.34%
Market Cap
$203.67B
Return on Equity (ROE)
12.95%
TTM Avg
11.88%
3Y Avg
12.22%
5Y Avg
12.61%
Market Cap
$187.06B
Return on Equity (ROE)
20.24%
TTM Avg
15.09%
3Y Avg
15.55%
5Y Avg
13.08%
Market Cap
$499.86B
Return on Equity (ROE)
289.73%
TTM Avg
195.99%
3Y Avg
177.81%
5Y Avg
155.05%
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morgan Stanley (MS) | $342.27B | 18.32% | 15.54% | 12.59% | 12.66% |
| The Goldman Sachs Group, Inc. (GS)vs › | $305.10B | 17.09% | 12.72% | 10.58% | 11.98% |
| Wells Fargo & Company (WFC)vs › | $266.96B | 12.57% | 11.39% | 10.17% | 9.05% |
| Bank of America Corporation (BAC)vs › | $443.57B | 11.18% | 9.62% | 9.60% | 9.47% |
| Citigroup Inc. (C)vs › | $235.10B | 8.41% | 6.41% | 6.17% | 6.85% |
| American Express Company (AXP)vs › | $220.52B | 33.39% | 32.91% | 31.52% | 29.34% |
| The Toronto-Dominion Bank (TD)vs › | $203.67B | 12.95% | 11.88% | 12.22% | 12.61% |
| The Charles Schwab Corporation (SCHW)vs › | $187.06B | 20.24% | 15.09% | 15.55% | 13.08% |
| Mastercard Incorporated (MA)vs › | $499.86B | 289.73% | 195.99% | 177.81% | 155.05% |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $511.87B | N/A | N/A | N/A | N/A |
ROE
18.3%
ROA
1.2%
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2026-06-30 | 18.32% |
| 2026-03-31 | 15.91% |
| 2025-12-31 | 15.10% |
| 2025-09-30 | 14.71% |
| 2025-06-30 | 13.64% |
| 2025-03-31 | 13.38% |
| 2024-12-31 | 12.81% |
| 2024-09-30 | 10.80% |
| 2024-06-30 | 10.34% |
| 2024-03-31 | 9.60% |
| 2023-12-31 | 9.18% |
| 2023-09-30 | 9.88% |
| 2023-06-30 | 9.99% |
| 2023-03-31 | 10.26% |
| 2022-12-31 | 11.01% |
| 2022-09-30 | 12.36% |
| 2022-06-30 | 13.35% |
| 2022-03-31 | 14.17% |
| 2021-12-31 | 14.26% |
| 2021-09-30 | 13.90% |
| 2021-06-30 | 12.85% |
| 2021-03-31 | 12.63% |
| 2020-12-31 | 10.80% |
| 2020-09-30 | 11.14% |
| 2020-06-30 | 10.74% |
| 2020-03-31 | 9.68% |
| 2019-12-31 | 11.09% |
| 2019-09-30 | 10.12% |
| 2019-06-30 | 10.12% |
| 2019-03-31 | 10.54% |
| 2018-12-31 | 10.90% |
| 2018-09-30 | 9.99% |
| 2018-06-30 | 9.52% |
| 2018-03-31 | 8.78% |
| 2017-12-31 | 7.90% |
| 2017-09-30 | 9.03% |
| 2017-06-30 | 8.82% |
| 2017-03-31 | 8.69% |
| 2016-12-31 | 7.86% |
| 2016-09-30 | 6.77% |
| 2016-06-30 | 6.02% |
| 2016-03-31 | 6.40% |
| 2015-12-31 | 8.15% |
| 2015-09-30 | 4.77% |
| 2015-06-30 | 5.68% |
| 2015-03-31 | 5.87% |
| 2014-12-31 | 4.89% |
| 2014-09-30 | 7.11% |
| 2014-06-30 | 6.21% |
| 2014-03-31 | 5.18% |
| 2013-12-31 | 4.45% |
| 2013-09-30 | 5.28% |
| 2013-06-30 | 2.39% |
| 2013-03-31 | 1.79% |
| 2012-12-31 | 0.11% |
| 2012-09-30 | -1.26% |
| 2012-06-30 | 3.89% |
| 2012-03-31 | 4.89% |
| 2011-12-31 | 6.62% |
| 2011-09-30 | 8.40% |
| 2011-06-30 | 5.24% |
| 2011-03-31 | 6.69% |
| 2010-12-31 | 8.22% |
| 2010-09-30 | 7.88% |
| 2010-06-30 | 10.02% |
| 2010-03-31 | 6.84% |
| 2009-12-31 | 2.88% |
| 2009-09-30 | -3.38% |
| 2009-06-30 | -1.93% |
| 2009-03-31 | -0.04% |
| 2008-11-30 | 3.36% |
| 2008-08-31 | 1.16% |
| 2008-05-31 | 1.54% |
| 2008-02-29 | 6.27% |
| 2007-11-30 | 10.26% |
| 2007-08-31 | 25.54% |
| 2007-05-31 | 23.57% |
| 2007-02-28 | 22.58% |
| 2006-11-30 | 21.13% |
| 2006-08-31 | 22.62% |
| 2006-05-31 | 18.68% |
| 2006-02-28 | 16.97% |
| 2005-11-30 | 16.92% |
| 2005-08-31 | 13.02% |
| 2005-05-31 | 15.41% |
| 2005-02-28 | 16.36% |
| 2004-11-30 | 15.90% |
| 2004-08-31 | 15.68% |
| 2004-05-31 | 16.66% |
| 2004-02-29 | 14.86% |
| 2003-11-30 | 14.29% |
| 2003-08-31 | 13.80% |
| 2003-05-31 | 12.58% |
