Morgan Stanley (MS-PQ) Tax Rate (2009 - 2026)

Morgan Stanley has disclosed Tax Rate across 18 years of filings, most recently posting 19.58% for Q1 2026.

• In Q1 2026, Tax Rate fell 157.0% year-over-year to 19.58%; the TTM figure through Mar 2026 stood at 21.9% (down 108.0% YoY), while the FY2025 annual figure was 22.45%, down 66.0% from the prior year.
• Tax Rate slipped to 19.58% in Q1 2026, from 23.19% in the prior quarter.
• Over the last five years, Tax Rate for MS-PQ reached as high as 26.48% in Q4 2023 and fell as low as 18.9% in Q4 2022.
• The 5-year median for Tax Rate is 22.58% (2023), against an average of 22.01%.
• Annual changes were most pronounced in 2022 — Tax Rate tumbled 502 bps — and 2023, when it jumped 758 bps.
• A 5-year view of Tax Rate shows it stood at 18.9% in 2022, then surged by 40 bps to 26.48% in 2023, then decreased by 9 bps to 24.09% in 2024, then retreated by 4 bps to 23.19% in 2025, then slipped by 16 bps to 19.58% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 19.58%, 23.19%, and 22.78% for Q1 2026, Q4 2025, and Q3 2025 respectively.