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

Morgan Stanley (MS) has reported Tax Rate for 18 consecutive years, with 19.58% the latest figure, recorded in 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 eased to 19.58% in Q1 2026 per MS's latest filing, from 23.19% in the prior quarter.
• Across five years, Tax Rate topped out at 26.48% in Q4 2023 and bottomed at 18.9% in Q4 2022.
• Historically, Tax Rate has averaged 22.01% across 5 years, with a median of 22.58% in 2023.
• Annual changes were most pronounced in 2022 — Tax Rate sank 502 bps — and 2023, when it jumped 758 bps.
• Morgan Stanley's Tax Rate stood at 18.9% in 2022, then soared by 40 bps to 26.48% in 2023, then slipped by 9 bps to 24.09% in 2024, then decreased by 4 bps to 23.19% in 2025, then dropped by 16 bps to 19.58% in 2026.
• Business Quant data shows MS's Tax Rate at 19.58% in Q1 2026, 23.19% in Q4 2025, and 22.78% in Q3 2025.