Bakkt (BKKT-WT) Tax Rate (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly Tax Rate of 0.11% for Q1 2026, down 36.0% year-over-year from 0.16% in Q1 2025, and down 147.95% on a QoQ basis from 0.22% in Q4 2025.
Bakkt (BKKT-WT) Tax Rate (2021 - 2026) Analysis & Trends
Bakkt (BKKT-WT) has reported Tax Rate for 6 consecutive years, with 0.11% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 36.0% year-over-year to 0.11%; the TTM figure through Mar 2026 stood at 0.08% (up 8.0% YoY), while the FY2025 annual figure was 0.05%, up 17.0% from the prior year.
- Tax Rate came in at 0.11% for Q1 2026 at Bakkt, down from 0.22% in the prior quarter.
- The five-year high for Tax Rate was 15.58% in Q2 2022, with the low at 0.74% in Q1 2024.
- Average Tax Rate over 5 years is 1.49%, with a median of 0.04% recorded in 2022.
- Across the five-year window, Tax Rate soared 1608 bps in 2022 and plunged 1588 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 0.75% in 2022, then declined by 7 bps to 0.7% in 2023, then slumped by 97 bps to 0.02% in 2024, then surged by 868 bps to 0.22% in 2025, then plunged by 148 bps to 0.11% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 0.11%, 0.22%, and 0.12% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 19.22% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 19.84% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 1.37% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 21.31% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | -6.22% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 18.58% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -7.01% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 18.14% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 21.40% |
| 10 | Bakkt | - | - | -208.47 Mn | -0.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.11% |
| Mar 31, 2026 | -0.11% |
| Dec 31, 2025 | 0.22% |
| Dec 31, 2025 | 0.22% |
| Sep 30, 2025 | 0.12% |
| Sep 30, 2025 | 0.12% |
| Jun 30, 2025 | -0.20% |
| Jun 30, 2025 | -0.20% |
| Mar 31, 2025 | 0.25% |
| Mar 31, 2025 | 0.25% |
| Dec 31, 2024 | 0.02% |
| Dec 31, 2024 | 0.02% |
| Sep 30, 2024 | 2.92% |
| Sep 30, 2024 | 2.92% |
| Jun 30, 2024 | -0.21% |
| Jun 30, 2024 | -0.21% |
| Mar 31, 2024 | -0.74% |
| Mar 31, 2024 | -0.74% |
| Dec 31, 2023 | 0.70% |
| Dec 31, 2023 | 0.70% |