Morgan Stanley
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2008 | — | 169.5% | 7.7% |
| FY2009 | — | 33.6% | 5.8% |
| FY2010 | — | 40.4% | 15.1% |
| FY2011 | — | 40.3% | 12.8% |
| FY2012 | — | 24.8% | 0.3% |
| FY2013 | — | 27.7% | 9.0% |
| FY2014 | — | 21.2% | 10.1% |
| FY2015 | — | 32.0% | 17.4% |
| FY2016 | — | 35.1% | 17.3% |
| FY2017 | — | 42.4% | 16.1% |