WM — Pre-tax margin
Business Segments · Pre-tax marginMorgan Stanley WM — Pre-tax margin increased by 7.1% to $0.30 in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.1%, from $0.28 to $0.30. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2022
Last reportedQ3 2025
How to read this metric
A higher margin indicates better cost control and higher profitability relative to revenue generation.
Detailed definition
This ratio measures the Wealth Management segment's profitability by dividing pre-tax income by net revenues. It indicat...
Peer comparison
Widely used efficiency ratio across the financial services and wealth management industry.
Metric ID:
ms_segment_wm_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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.26 | $0.27 | $0.28 | $0.27 | $0.28 | $0.30 |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.4% | +0.0% | +0.0% | +0.0% | +316.0% | +3.8% | +3.7% | -3.6% | +3.7% | +7.1% |
| YoY Change | — | — | — | — | -7.4% | -7.4% | -7.4% | -7.4% | +316.0% | +332.0% | +348.0% | +3.8% | +3.7% | +7.1% |
Range$0.06 – $0.30
CAGR+58.2%
Avg YoY Growth+98.1%
Median YoY Growth+3.8%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Morgan Stanley's wm — pre-tax margin?
- Morgan Stanley (MS) reported wm — pre-tax margin of $0.30 in Q3 2025.
- How has Morgan Stanley's wm — pre-tax margin changed year-over-year?
- Morgan Stanley's wm — pre-tax margin increased by 7.1% year-over-year, from $0.28 to $0.30.
- What does wm — pre-tax margin mean?
- The percentage of revenue that remains as profit before taxes are paid.