Morgan Stanley Institutional Securities1 — Provision for income taxes increased by 34.9% to $796.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $696.00M to $796.00M. Over 4 years (FY 2021 to FY 2025), Institutional Securities1 — Provision for income taxes shows a downward trend with a -3.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Changes generally track with pre-tax income levels, though shifts in effective tax rates or geographic revenue mix can also influence this figure.
The estimated tax expense allocated to the Institutional Securities segment based on its pre-tax income and applicable t...
Standard tax provision reporting across all corporate segments.
ms_segment_is_provision_for_income_taxes| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $574.00M | $713.00M | $723.00M | $535.00M | $395.00M | $305.00M | $73.00M | $363.00M | $176.00M | $263.00M | $82.00M | $482.00M | $486.00M | $438.00M | $541.00M | $696.00M | $472.00M | $672.00M | $590.00M | $796.00M |
| QoQ Change | — | +24.2% | +1.4% | -26.0% | -26.2% | -22.8% | -76.1% | +397.3% | -51.5% | +49.4% | -68.8% | +487.8% | +0.8% | -9.9% | +23.5% | +28.7% | -32.2% | +42.4% | -12.2% | +34.9% |
| YoY Change | — | — | — | — | -31.2% | -57.2% | -89.9% | -32.1% | -55.4% | -13.8% | +12.3% | +32.8% | +176.1% | +66.5% | +559.8% | +44.4% | -2.9% | +53.4% | +9.1% | +14.4% |