Bullish (BLSH) Tax Rate (2025)
Bullish (BLSH) reported Tax Rate of 0.00% for Q2 2026, up 0.80 percentage points from -0.80% a year earlier but down 0.04 percentage points from the prior quarter.
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Analysis
Bullish (BLSH) Tax Rate (2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Bullish's Tax Rate came in at -0.10%, down 4.00 percentage points year-over-year; for FY2025, it came in at -0.12%, up 5.80 percentage points from FY2024.
- By year, Tax Rate came in at -5.92% in FY2024 (-5.81 pp) and -0.11% in FY2023.
- Five-year quarterly Tax Rate spans a low of -2.33% in Q4 2024 and a high of 1.12% in Q3 2024.
- Year over year, Tax Rate gained in two of the last five quarters, with an average year-over-year change of +0.21 percentage points.
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.04% (Q1 2026), -0.27% (Q4 2025) and 0.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 15.73% |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 71.11% |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | - |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 26.96% |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 20.13% |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | - |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 30.70% |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 0.76% |
| 10 | Bullish | 3.49 Bn | -1.33 Bn | 15.53 Mn | - |
API Access
Bullish Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();