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Morgan Stanley MS Wealth Management1 — Provision for income taxes

Other segment segments

Institutional Securities1
$796M+14.4%
Investment Management
$38M-37.7%

Similar metrics at other companies

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UVSPWealth Management — Income Tax
$503K+23.9%
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FNBWealth Management — Income tax expense (benefit)
$39.34M+3,834%
First United logo
FUNCWealth Management — Income Tax Expense Benefit
$308K+3.7%
Northern Trust logo
NTRSWealth Management Segment — Provision for Income Taxes
$82.3M+10.6%
Hawthorn Bancshares logo
HWBKWealth Management — Income tax expense (benefit)
$0
Orange County Bancorp logo
OBTWealth Management — Income Tax Expense Benefit
$224K-0.9%

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 wealth management1 — provision for income taxes?
Morgan Stanley (MS) reported wealth management1 — provision for income taxes of $544M in Q1 2026.
How has Morgan Stanley's wealth management1 — provision for income taxes changed year-over-year?
Morgan Stanley's wealth management1 — provision for income taxes increased by 29.8% year-over-year, from $419M to $544M.
What is the long-term trend for Morgan Stanley's wealth management1 — provision for income taxes?
Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — provision for income taxes has grown at a 10.6% compound annual growth rate (CAGR), from $1.45B to $2.16B.
What does wealth management1 — provision for income taxes mean?
This is the estimated tax expense associated with the Wealth Management segment's pre-tax income. It reflects the impact of corporate tax rates on the segment's bottom line. Changes in this metric are primarily driven by fluctuations in pre-tax earnings and changes in statutory tax rates.