MORGAN STANLEY
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Mar 2022 | — | 33.9% | 24.8% |
| Jun 2022 | — | 35.4% | 19.0% |
| Sep 2022 | — | 53.7% | 20.3% |
| Dec 2022 | — | 76.1% | 17.5% |
| Mar 2023 | — | 78.5% | 20.5% |
| Jun 2023 | — | 95.5% | 16.2% |
| Sep 2023 | — | 109.0% | 18.1% |
| Dec 2023 | — | 117.5% | 11.8% |
| Mar 2024 | — | 102.6% | 22.5% |
| Jun 2024 | — | 27.1% | 20.5% |
| Sep 2024 | — | 27.4% | 20.7% |
| Dec 2024 | — | 30.2% | 22.9% |
| Mar 2025 | — | 31.3% | 24.3% |
| Jun 2025 | — | 27.5% | 21.1% |
| Sep 2025 | — | 33.1% | 25.3% |
| Dec 2025 | — | 32.2% | 24.6% |
| Mar 2026 | — | 34.1% | 27.1% |
| Jun 2026 | — | 34.4% | 26.1% |