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Morgan Stanley MS Current State and Local Tax Expense (Benefit)

Other financials

Income statement

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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

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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$352B+38.9%
Enterprise value$590.04B+21.4%
P/E19.4×+1.7×
P/S4.8×+0.9×

Profitability

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Net margin24.6%+2.4pp

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:CurrentStateAndLocalTaxExpenseBenefit.

The official record: Morgan Stanley’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's current state and local tax expense (benefit)?
Morgan Stanley (MS) reported current state and local tax expense (benefit) of $150.25M in Q4 2025.
How has Morgan Stanley's current state and local tax expense (benefit) changed year-over-year?
Morgan Stanley's current state and local tax expense (benefit) decreased by 8.9% year-over-year, from $165M to $150.25M.
What is the long-term trend for Morgan Stanley's current state and local tax expense (benefit)?
Over 4 years (2021 to 2025), Morgan Stanley's current state and local tax expense (benefit) has grown at a 6.1% compound annual growth rate (CAGR), from $475M to $601M.