Morgan Stanley (MS) Tax Rate (2009 - 2026)
Morgan Stanley (MS) reported Tax Rate of 23.07% for Q2 2026, up 0.41 percentage points from 22.65% a year earlier and up 3.48 percentage points from the prior quarter.
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Analysis
Morgan Stanley (MS) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Morgan Stanley's Tax Rate came in at 22.09%, down 0.70 percentage points year-over-year; for FY2025, it was 22.45%, down 0.66 percentage points from FY2024.
- Tax Rate has a five-year change of -0.01 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 23.11% in FY2024 (+1.25 pp), 21.87% in FY2023 (+1.21 pp), 20.65% in FY2022 (-2.47 pp) and 23.12% in FY2021 (+0.66 pp).
- Five-year quarterly Tax Rate spans a low of 18.90% in Q4 2022 and a high of 26.48% in Q4 2023.
- Year over year, Tax Rate gained in two of the last eight quarters, with an average year-over-year change of -0.64 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 7.58 percentage points); the low point was Q4 2022 (a drop of 5.02 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.58% (Q1 2026), 23.19% (Q4 2025) and 22.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | - |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | 24.29% |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | 17.42% |
| 10 | American Express | 208.01 Bn | -160.24 Mn | - | 23.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.07% |
| Mar 31, 2026 | 19.58% |
| Dec 31, 2025 | 23.19% |
| Sep 30, 2025 | 22.78% |
| Jun 30, 2025 | 22.65% |
| Mar 31, 2025 | 21.16% |
| Dec 31, 2024 | 24.09% |
| Sep 30, 2024 | 23.57% |
| Jun 30, 2024 | 23.49% |
| Mar 31, 2024 | 21.23% |
| Dec 31, 2023 | 26.48% |
| Sep 30, 2023 | 22.58% |
| Jun 30, 2023 | 21.02% |
| Mar 31, 2023 | 19.34% |
| Dec 31, 2022 | 18.90% |
| Sep 30, 2022 | 21.43% |
| Jun 30, 2022 | 23.59% |
| Mar 31, 2022 | 19.03% |
| Dec 31, 2021 | 23.91% |
| Sep 30, 2021 | 23.59% |
API Access
Morgan Stanley Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();