Business Segments · Pre-tax margin
Wealth Management1 — Pre-tax margin
Morgan Stanley Wealth Management1 — Pre-tax margin remained flat by 0.0% to 30.0% in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.1%, from 27.0% to 30.0%. 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 2026May 5, 2026
Rolls up toPre-Tax Margin
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
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 | 6.8% | 6.8% | 6.8% | 6.8% | 6.3% | 6.3% | 6.3% | 6.3% | 26% | 27% | 28% | 27% | 28% | 30% | 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% | +0.0% |
| YoY Change | — | — | — | — | -7.4% | -7.4% | -7.4% | -7.4% | +316.0% | +332.0% | +348.0% | +3.8% | +3.7% | +7.1% | +11.1% |
Range6.3% – 30%
CAGR+53.1%
Avg YoY Growth+90.2%
Median YoY Growth+3.8%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Morgan Stanley's wealth management1 — pre-tax margin?
- Morgan Stanley (MS) reported wealth management1 — pre-tax margin of 30.0% in Q1 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 11.1% year-over-year, from 27.0% to 30.0%.
- What does wealth management1 — pre-tax margin mean?
- The percentage of revenue that remains as profit before taxes are paid.