What is Morgan Stanley's wealth management1 — pre-tax margin?

Morgan Stanley (MS) reported wealth management1 — pre-tax margin of 3,000% in Q2 2026.

How has Morgan Stanley's wealth management1 — pre-tax margin changed year-over-year?

Morgan Stanley's wealth management1 — pre-tax margin increased by 10614.3% year-over-year, from 28% to 3,000%.

What does wealth management1 — pre-tax margin mean?

This ratio measures the Wealth Management segment's profitability by dividing pre-tax income by net revenues. It indicates how much profit the segment generates for every dollar of revenue earned. This is a key efficiency metric used to compare the profitability of different business segments.

Morgan Stanley MS Wealth Management1 — Pre-tax margin

Other segment segments

Institutional Securities1

3,900%+13,829%

Investment Management

2,500%+11,805%

Similar metrics at other companies

BKInvestment and Wealth Management — Pre-tax operating margin

0.1+37.5%

RFWealth Management — Pre-Tax Income

$58M+9.4%

BUSEWealth Management — Income (loss) before income taxes

$8.12M-0.8%

WTFCWealth management — Income before taxes

$18M+215%

WASHWealth Management Services — Pre-Tax Income

$3.21M+797%

UVSPWealth Management — Income (loss) before tax amount

$2.49M+24.4%

Other financials

Income statement

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Revenue$21.3B+27.1%

Net income$3.2B-9.8%

EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%

Total debt$383.16B+13.5%

Total equity$114.29B+7.0%

Total assets$1.68T+23.7%

Cash flow

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Operating cash flow-$7.1B+70.4%

CapEx$754.0M+5.8%

Free cash flow-$7.9B+68.2%

Valuation

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Market cap$359.28B+57.1%

P/E20.2×+4.7×

P/S4.6×+1.1×

Profitability

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Net margin22.8%+0.5pp

FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp

Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept ms:EffectiveIncomeTaxRateReconciliationPreTaxMarginPercent.

The official record: Morgan Stanley’s 8-K, filed July 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's wealth management1 — pre-tax margin?: Morgan Stanley (MS) reported wealth management1 — pre-tax margin of 3,000% in Q2 2026.
How has Morgan Stanley's wealth management1 — pre-tax margin changed year-over-year?: Morgan Stanley's wealth management1 — pre-tax margin increased by 10614.3% year-over-year, from 28% to 3,000%.
What does wealth management1 — pre-tax margin mean?: This ratio measures the Wealth Management segment's profitability by dividing pre-tax income by net revenues. It indicates how much profit the segment generates for every dollar of revenue earned. This is a key efficiency metric used to compare the profitability of different business segments.