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Morgan Stanley MS Investment Management — Provision for income taxes

Other segment segments

Institutional Securities1
$796M+14.4%
Wealth Management1
$544M+29.8%

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ASSTAsset Management — Income tax expense (benefit)
$0
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NTRSWealth Management Segment — Provision for Income Taxes
$82.3M+10.6%

Other financials

Income statement

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Revenue$21.3B+27.1%
Net income$3.2B-9.8%
EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$383.16B+13.5%
Total equity$114.29B+7.0%
Total assets$1.68T+23.7%

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$359.28B+57.1%
P/E20.2×+4.7×
P/S4.6×+1.1×

Profitability

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Net margin22.8%+0.5pp
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 investment management — provision for income taxes?
Morgan Stanley (MS) reported investment management — provision for income taxes of $38M in Q1 2026.
How has Morgan Stanley's investment management — provision for income taxes changed year-over-year?
Morgan Stanley's investment management — provision for income taxes decreased by 37.7% year-over-year, from $61M to $38M.
What is the long-term trend for Morgan Stanley's investment management — provision for income taxes?
Over 4 years (2021 to 2025), Morgan Stanley's investment management — provision for income taxes has grown at a -0.5% compound annual growth rate (CAGR), from $356M to $349M.
What does investment management — provision for income taxes mean?
The estimated tax expense allocated to the Investment Management segment based on its pre-tax income and applicable tax jurisdictions. This reflects the tax burden associated with the segment's earnings. It is used to reconcile pre-tax profits to net income.