Missouri Revenue Falls 2.5% in October

General revenue collections dropped year over year, while corporate income and franchise tax collections rose sharply over the year.

Updated on Nov. 6, 2026 in Taxes

Bold flat-color editorial illustration of uniform brass discs stacked into rising and falling columns on a slate-blue surface beneath a flat horizon, evoking shifting state revenue. — Missouri general revenue fell 2.5 percent year over year to $943.1 million in October 2026, while corporate income and franchise tax collections rose 35.7 percent. AI Illustration. Upload story photo >

Live Poll

Do you think Missouri's economy is getting better or worse for people like you?

Missouri general revenue collections totaled $943.1 million in October 2026, down 2.5 percent from $967.1 million in October 2025. Corporate income and corporate franchise tax collections increased 35.7 percent for the year.

Why it matters

The monthly decline in general revenue shapes the state's fiscal picture and budget planning for Missouri residents. The sharp rise in corporate tax collections points to shifts in how the state's revenue is generated.

Individual income tax collections totaled $2.58 billion in October 2026, a 2.9 percent decrease for the month. Sales and use tax collections rose 8.3 percent to $1.20 billion, while refunds totaled $335.7 million.

The details

Missouri's general revenue report for October 2026 shows collections of $943.1 million, compared with $967.1 million a year earlier. Pass through entity tax collections reached $89.2 million, up 7.9 percent for the month.

October 2025: baseline month for the general revenue comparison.
October 2026: month reported as showing the 2.5 percent decrease.
November 6, 2026: report published by News-Tribune.

Market Dynamics

Missouri's October 2026 general revenue decline is a single monthly data point within the state's ongoing series of general revenue collection reports. The annual rise in corporate income and franchise tax collections contrasts with the monthly drop in overall collections.

Missouri residents who file individual income taxes face a 2.9 percent decrease in collections for the month, which may affect state budget planning. Sales and use tax collections rose 8.3 percent, which can change what consumers pay at the register.

The takeaway

Monthly revenue swings can mask larger annual trends, as Missouri's corporate tax gains contrast with its October decline. Residents tracking state finances should compare full-year figures alongside single-month reports.