Morgan Stanley Institutional Securities — Provision for income taxes decreased by 12.2% to $590.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.1%, from $541.00M to $590.00M. Over 4 years (FY 2021 to FY 2025), Institutional Securities — Provision for income taxes shows a downward trend with a -3.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Changes generally track with pre-tax income levels, though shifts in effective tax rates or geographic revenue mix can also influence this figure.
The estimated tax expense allocated to the Institutional Securities segment based on its pre-tax income and applicable t...
Standard tax provision reporting across all corporate segments.
ms_segment_is_provision_for_income_taxes| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $574.00M | $713.00M | $723.00M | $535.00M | $395.00M | $305.00M | $73.00M | $363.00M | $176.00M | $263.00M | $82.00M | $482.00M | $486.00M | $438.00M | $541.00M | $696.00M | $472.00M | $672.00M | $590.00M |
| QoQ Change | — | +24.2% | +1.4% | -26.0% | -26.2% | -22.8% | -76.1% | +397.3% | -51.5% | +49.4% | -68.8% | +487.8% | +0.8% | -9.9% | +23.5% | +28.7% | -32.2% | +42.4% | -12.2% |
| YoY Change | — | — | — | — | -31.2% | -57.2% | -89.9% | -32.1% | -55.4% | -13.8% | +12.3% | +32.8% | +176.1% | +66.5% | +559.8% | +44.4% | -2.9% | +53.4% | +9.1% |
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