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Morgan Stanley (MS) Tax Rate (2016 - 2026)

Morgan Stanley has reported Tax Rate over the past 17 years, most recently at 23.19% 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 was 23.19% for Q4 2025 at Morgan Stanley, up from 22.78% in the prior quarter.
  • Over five years, Tax Rate peaked at 26.48% in Q4 2023 and troughed at 18.9% in Q4 2022.
  • The 5-year median for Tax Rate is 22.71% (2025), against an average of 22.36%.
  • Year-over-year, Tax Rate plummeted -502bps in 2022 and then skyrocketed 758bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 23.91% in 2021, then fell by -21bps to 18.9% in 2022, then surged by 40bps to 26.48% in 2023, then decreased by -9bps to 24.09% in 2024, then dropped by -4bps to 23.19% in 2025.
  • Per Business Quant, the three most recent readings for MS's Tax Rate are 23.19% (Q4 2025), 22.78% (Q3 2025), and 22.65% (Q2 2025).