Morgan Stanley Tax Equity Investment Benefits decreased by 33.3% to $10.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 23.1%, from $13.00M to $10.00M. Over 3 years (FY 2022 to FY 2025), Tax Equity Investment Benefits shows an upward trend with a 15.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Higher benefits indicate effective utilization of tax-incentivized investment strategies to reduce the overall effective tax rate.
The net financial impact of tax credits and other tax benefits derived from investments in projects, such as renewable e...
Common in financial institutions with large balance sheets and tax-planning strategies; comparable to tax-credit-linked investment income at peers.
cf_ms_tax_equity_investment_benefits| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.50M | $8.50M | $8.50M | $8.50M | $22.00M | $3.00M | $11.00M | $4.00M | $15.00M | $19.00M | $15.00M | $13.00M | $13.00M | $15.00M | $15.00M | $10.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +158.8% | -86.4% | +266.7% | -63.6% | +275.0% | +26.7% | -21.1% | -13.3% | +0.0% | +15.4% | +0.0% | -33.3% |
| YoY Change | — | — | — | — | +158.8% | -64.7% | +29.4% | -52.9% | -31.8% | +533.3% | +36.4% | +225.0% | -13.3% | -21.1% | +0.0% | -23.1% |