What is Morgan Stanley's tax credit carryforward valuation allowance?

Morgan Stanley (MS) reported tax credit carryforward valuation allowance of $229.00M in Q4 2025.

What is the long-term trend for Morgan Stanley's tax credit carryforward valuation allowance?

Over 3 years (2022 to 2025), Morgan Stanley's tax credit carryforward valuation allowance has grown at a 3.8% compound annual growth rate (CAGR), from $205.00M to $229.00M.

What does tax credit carryforward valuation allowance mean?

A reserve account reducing the value of tax credits that the company may not be able to use.

Non-Current Assets

Tax Credit Carryforward Valuation Allowance

Morgan Stanley Tax Credit Carryforward Valuation Allowance increased by 7.0% to $229.00M in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Tax Credit Carryforward Valuation Allowance shows an upward trend with a 3.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2021

Last reportedQ4 2025

How to read this metric

An increase signals management's reduced confidence in utilizing tax credits, while a decrease suggests improved prospects for tax savings.

Detailed definition

This is a contra-asset account established against deferred tax assets related to tax credit carryforwards when it is mo...

Peer comparison

Varies significantly based on profitability and tax jurisdiction; peers with stable earnings typically maintain lower valuation allowances.

Metric ID: tax_credit_carryforward_valuation_allowance

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$205.00M	$211.00M	$214.00M	$229.00M
QoQ Change	—	+2.9%	+1.4%	+7.0%
YoY Change	—	+2.9%	+1.4%	+7.0%

Range$205.00M – $229.00M

Avg YoY Growth+3.8%

Median YoY Growth+2.9%

Current Streak3+ quarters growth

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Frequently Asked Questions

What is Morgan Stanley's tax credit carryforward valuation allowance?: Morgan Stanley (MS) reported tax credit carryforward valuation allowance of $229.00M in Q4 2025.
What is the long-term trend for Morgan Stanley's tax credit carryforward valuation allowance?: Over 3 years (2022 to 2025), Morgan Stanley's tax credit carryforward valuation allowance has grown at a 3.8% compound annual growth rate (CAGR), from $205.00M to $229.00M.
What does tax credit carryforward valuation allowance mean?: A reserve account reducing the value of tax credits that the company may not be able to use.