Morgan Stanley (MS-PQ) Tax Rate (2016 - 2025)

Morgan Stanley (MS-PQ) has disclosed Tax Rate for 17 consecutive years, with 23.19% as the latest value for Q4 2025.

  • Quarterly Tax Rate fell 90.0% to 23.19% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 22.45% through Dec 2025, down 66.0% year-over-year, with the annual reading at 22.45% for FY2025, 66.0% down from the prior year.
  • Tax Rate for Q4 2025 was 23.19% at Morgan Stanley, up from 22.78% in the prior quarter.
  • The five-year high for Tax Rate was 26.48% in Q4 2023, with the low at 18.9% in Q4 2022.
  • Average Tax Rate over 5 years is 22.36%, with a median of 22.71% recorded in 2025.
  • The sharpest move saw Tax Rate tumbled -502bps in 2022, then surged 758bps in 2023.
  • Over 5 years, Tax Rate stood at 23.91% in 2021, then decreased by -21bps to 18.9% in 2022, then skyrocketed by 40bps to 26.48% in 2023, then dropped by -9bps to 24.09% in 2024, then fell by -4bps to 23.19% in 2025.
  • According to Business Quant data, Tax Rate over the past three periods came in at 23.19%, 22.78%, and 22.65% for Q4 2025, Q3 2025, and Q2 2025 respectively.