Morgan Stanley (WBO:MWD) Tax Rate %

: 26.48% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Morgan Stanley's Tax Expense for the three months ended in Dec. 2023 was €509 Mil. Morgan Stanley's Pre-Tax Income for the three months ended in Dec. 2023 was €1,922 Mil. Therefore, Morgan Stanley's Tax Rate % for the quarter that ended in Dec. 2023 was 26.48%.

Morgan Stanley Tax Rate % Historical Data

The historical data trend for Morgan Stanley's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Morgan Stanley Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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18.26

22.46

23.12

20.65

21.87

Morgan Stanley Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															19.34	21.02	22.58	26.48	21.23

Morgan Stanley Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Morgan Stanley's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2368.611	/	10832.521
	=	21.87 %

Morgan Stanley's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	508.935	/	1922.032
	=	26.48 %

Morgan Stanley Tax Rate % Related Terms

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Morgan Stanley (WBO:MWD) Business Description

Industry

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Address

1585 Broadway, New York, NY, USA, 10036

Website

https://www.morganstanley.com

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had over $4 trillion of client assets as well as over 80,000 employees at the end of 2022. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

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