BitVentures (BVC) Tax Rate (2020 - 2023)
BitVentures' (BVC) quarterly Tax Rate came in at 46.91% in Q2 2023, up 1993.0% year-over-year from 2.24% in Q2 2022, and up 73.88% quarter-over-quarter from 26.98% in Q2 2022.
Analysis
BitVentures (BVC) Tax Rate (2020 - 2023) Analysis & Trends
BitVentures (BVC) has reported Tax Rate for 4 consecutive years, with 46.91% the latest figure, recorded in Q2 2023.
- On a quarterly basis, Tax Rate rose 1993.0% year-over-year to 46.91% in Q2 2023; TTM through Jun 2023 was 31.54%, a 266.0% increase from a year earlier, with the FY2025 full-year figure at 2.06%, changed N/A from the prior year.
- Tax Rate was 46.91% for Q2 2023 at BitVentures, up from 26.98% in the prior quarter.
- Over five years, Tax Rate peaked at 46.91% in Q2 2023 and troughed at 26.98% in Q2 2022.
- A 4-year average of 32.99% and a median of 30.33% in 2021 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 750 bps in 2021 and soared 1993 bps in 2023, its largest moves.
- Over 4 years, Tax Rate stood at 35.44% in 2020, then declined by 21 bps to 27.94% in 2021, then fell by 3 bps to 26.98% in 2022, then soared by 74 bps to 46.91% in 2023.
- The last three Tax Rate figures came in at 46.91% (Q2 2023), 26.98% (Q2 2022), and 27.94% (Q2 2021), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 24.15% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 21.96% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | 21.74% |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 19.52% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 24.54% |
| 6 | XChange TEC.INC | 19.63 Bn | 19.63 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 20.95% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 17.10% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | -260.26% |
| 10 | BitVentures | 69.23 Mn | 69.23 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 46.91% |
| Jun 30, 2022 | 26.98% |
| Jun 30, 2021 | 27.94% |
| Mar 31, 2021 | 31.50% |
| Jun 30, 2020 | 35.44% |
| Mar 31, 2020 | 29.17% |