BitVentures (BVC) Tax Rate (2020 - 2023)
BitVentures' (BVC) quarterly Tax Rate came in at 46.91% in Q2 2023, up 1993.0% year-on-year from 2.24% in Q2 2022, and up 73.88% on a QoQ basis from 26.98% in Q2 2022.
BitVentures (BVC) Tax Rate (2020 - 2023) Analysis & Trends
BitVentures (BVC) has 4 years of Tax Rate data on file, last reported at 46.91% 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 for Q2 2023 stood at 46.91%, up from 26.98% in the prior quarter.
- Over the last five years, Tax Rate for BVC reached as high as 46.91% in Q2 2023 and fell as low as 26.98% in Q2 2022.
- Historically, Tax Rate has averaged 32.99% across 4 years, with a median of 30.33% in 2021.
- Across the five-year window, Tax Rate sank 750 bps in 2021 and surged 1993 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 35.44% in 2020, then slipped by 21 bps to 27.94% in 2021, then dropped by 3 bps to 26.98% in 2022, then jumped by 74 bps to 46.91% in 2023.
- Per Business Quant data, the three most recent Tax Rate figures were 46.91% in Q2 2023, 26.98% in Q2 2022, and 27.94% in Q2 2021.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | BitVentures | 1.03 Mn | 1.03 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 46.91% |
| Jun 30, 2023 | 46.91% |
| Jun 30, 2023 | 46.91% |
| Jun 30, 2022 | 26.98% |
| Jun 30, 2022 | 26.98% |
| Jun 30, 2022 | 26.98% |
| Jun 30, 2021 | 27.94% |
| Jun 30, 2021 | 27.94% |
| Jun 30, 2021 | 27.94% |
| Mar 31, 2021 | 31.50% |
| Mar 31, 2021 | 31.50% |
| Mar 31, 2021 | 31.50% |
| Jun 30, 2020 | 35.44% |
| Jun 30, 2020 | 35.44% |
| Jun 30, 2020 | 35.44% |
| Mar 31, 2020 | 29.17% |
| Mar 31, 2020 | 29.17% |
| Mar 31, 2020 | 29.17% |