IS — Pre-tax margin
Business Segments · Pre-tax marginMorgan Stanley IS — Pre-tax margin increased by 32.1% to $0.37 in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 32.1%, from $0.28 to $0.37. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ3 2025
How to read this metric
An increase indicates improved operational efficiency and better cost control, while a decrease suggests margin pressure or rising expenses relative to revenue.
Detailed definition
The ratio of pre-tax income to net revenues for the Institutional Securities segment. It measures the percentage of each...
Peer comparison
A key efficiency ratio used to benchmark the profitability of investment banking divisions across the industry.
Metric ID:
ms_segment_is_pre_tax_marginHistorical Data
14 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.07 | $0.07 | $0.07 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.34 | $0.29 | $0.28 | $0.37 | $0.28 | $0.37 |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -32.1% | +0.0% | +0.0% | +0.0% | +615.8% | -14.7% | -3.4% | +32.1% | -24.3% | +32.1% |
| YoY Change | — | — | — | — | -32.1% | -32.1% | -32.1% | -32.1% | +615.8% | +510.5% | +489.5% | +8.8% | -3.4% | +32.1% |
Range$0.05 – $0.37
CAGR+66.9%
Avg YoY Growth+152.5%
Median YoY Growth+2.7%
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Frequently Asked Questions
- What is Morgan Stanley's is — pre-tax margin?
- Morgan Stanley (MS) reported is — pre-tax margin of $0.37 in Q3 2025.
- How has Morgan Stanley's is — pre-tax margin changed year-over-year?
- Morgan Stanley's is — pre-tax margin increased by 32.1% year-over-year, from $0.28 to $0.37.
- What does is — pre-tax margin mean?
- The percentage of revenue that remains as profit before accounting for taxes.