Filing Flows › Morgan Stanley (MS) › Operating margin
Morgan Stanley (MS) operating margin by quarter
Morgan Stanley's operating margin was 31.9% in Q3 2026 (third quarter 2026), -2.6 pts from Q2 2026. Over the last 5 quarters it ranged from 31.9% (Q3 2026) to 34.4% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 31.9% | -2.6 pts | -1.2 pts |
| Q2 2026 | 34.4% | +0.4 pts | — |
| Q1 2026 | 34.1% | +1.9 pts | — |
| Q4 2025 | 32.2% | -0.9 pts | — |
| Q3 2025 | 33.1% | — | — |
Q3 2026 at a glance
Morgan Stanley, Q3 2026: revenue $20.3B (+12% year over year), operating margin 31.9%, net earnings $4.9B, operating cash flow −$46.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is Morgan Stanley's operating margin?
Morgan Stanley's operating margin was 31.9% in Q3 2026 (third quarter 2026), -2.6 pts from Q2 2026.
How has Morgan Stanley's operating margin changed?
Over the last 5 quarters it ranged from 31.9% (Q3 2026) to 34.4% (Q2 2026).