What is Morgan Stanley's investment management — pre-tax margin?

Morgan Stanley (MS) reported investment management — pre-tax margin of $0.18 in Q1 2026.

How has Morgan Stanley's investment management — pre-tax margin changed year-over-year?

Morgan Stanley's investment management — pre-tax margin decreased by 10.0% year-over-year, from $0.20 to $0.18.

What does investment management — pre-tax margin mean?

The percentage of revenue that remains as profit before taxes are paid.

Investment Management — Pre-tax margin

Morgan Stanley Investment Management — Pre-tax margin decreased by 18.2% to $0.18 in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.0%, from $0.20 to $0.18. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ1 2022

Last reportedQ1 2026

How to read this metric

An increase indicates improved operational efficiency or higher-margin revenue streams, while a decrease suggests rising costs or margin pressure.

Detailed definition

The ratio of pre-tax income to net revenues for the Investment Management segment. This metric measures the efficiency o...

Peer comparison

Comparable to 'Operating Margin' or 'Pre-Tax Margin' in asset management and financial services sectors.

Metric ID: ms_segment_im_pre_tax_margin

Historical Data

15 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	0	0	0	0	0	0	0	0	0.2	0.2	0.2	0.2	0.2	0.2	0.2
QoQ Change	—	+0.0%	+0.0%	+0.0%	+6.7%	+0.0%	+0.0%	+0.0%	+350.0%	-11.1%	+12.5%	+11.1%	+5.0%	+4.8%	-18.2%
YoY Change	—	—	—	—	+6.7%	+6.7%	+6.7%	+6.7%	+350.0%	+300.0%	+350.0%	+11.1%	+31.2%	+22.2%	-10.0%

Range0 – 0.2

CAGR+56.5%

Avg YoY Growth+98.3%

Median YoY Growth+11.1%

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Frequently Asked Questions

What is Morgan Stanley's investment management — pre-tax margin?: Morgan Stanley (MS) reported investment management — pre-tax margin of $0.18 in Q1 2026.
How has Morgan Stanley's investment management — pre-tax margin changed year-over-year?: Morgan Stanley's investment management — pre-tax margin decreased by 10.0% year-over-year, from $0.20 to $0.18.
What does investment management — pre-tax margin mean?: The percentage of revenue that remains as profit before taxes are paid.