What is Morgan Stanley's income tax?

Morgan Stanley (MS) reported income tax of $1.37B in Q1 2026.

How has Morgan Stanley's income tax changed year-over-year?

Morgan Stanley's income tax increased by 17.1% year-over-year, from $1.17B to $1.37B.

What is the long-term trend for Morgan Stanley's income tax?

Over 4 years (2021 to 2025), Morgan Stanley's income tax has grown at a 2.0% compound annual growth rate (CAGR), from $4.55B to $4.93B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Morgan Stanley MS Income Tax

Income Tax at other companies

JPMorgan ChaseJPM

$3.99B+5.8%

Bank of AmericaBAC

$1.82B+11.2%

Wells Fargo & CompanyWFC

$691M+32.4%

Jefferies Financial GroupJEF

$65.57M+50.7%

Charles Schwab CorporationSCHW

$709M+29.9%

Raymond James FinancialRJF

$191M+8.5%

Segments

By segment

See full

Institutional Securities1$796M+14.4%

Wealth Management1$544M+29.8%

Investment Management$38M-37.7%

Other financials

Income statement

See full

Revenue$20.6B+16.0%

Net income$5.6B+29.0%

EPS (diluted)$3.43+31.9%

Balance sheet

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Cash & equivalents$133.53B+47.2%

Total debt$371.57B+18.4%

Total equity$114.29B+7.0%

Total assets$1.58T+21.6%

Cash flow

See full

Operating cash flow-$7.1B+70.4%

CapEx$754.0M+5.8%

Free cash flow-$7.9B+68.2%

Valuation

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Market cap$334.43B+53.4%

Enterprise value$572.47B+28.2%

P/E18.5×+3.7×

P/S4.6×+1.3×

Profitability

See full

Net margin24.6%+2.4pp

FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp

Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Morgan Stanley’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's income tax?: Morgan Stanley (MS) reported income tax of $1.37B in Q1 2026.
How has Morgan Stanley's income tax changed year-over-year?: Morgan Stanley's income tax increased by 17.1% year-over-year, from $1.17B to $1.37B.
What is the long-term trend for Morgan Stanley's income tax?: Over 4 years (2021 to 2025), Morgan Stanley's income tax has grown at a 2.0% compound annual growth rate (CAGR), from $4.55B to $4.93B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.