BitVentures (BVC) Tax Rate (2020 - 2023)
BitVentures (BVC) posted quarterly Tax Rate of 46.91% for 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.
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.
- In Q2 2023, Tax Rate rose 1993.0% year-over-year to 46.91%; the TTM figure through Jun 2023 stood at 31.54% (up 266.0% YoY), while the FY2025 annual figure was 2.06%, changed N/A from the prior year.
- Tax Rate improved to 46.91% in Q2 2023 per BVC's latest filing, from 26.98% in the prior quarter.
- Across five years, Tax Rate topped out at 46.91% in Q2 2023 and bottomed at 26.98% in Q2 2022.
- Historically, Tax Rate has averaged 32.99% across 4 years, with a median of 30.33% in 2021.
- Annual changes were most pronounced in 2021 — Tax Rate tumbled 750 bps — and 2023, when it jumped 1993 bps.
- BitVentures' Tax Rate stood at 35.44% in 2020, then retreated by 21 bps to 27.94% in 2021, then decreased by 3 bps to 26.98% in 2022, then surged by 74 bps to 46.91% in 2023.
- Business Quant data shows BVC's Tax Rate at 46.91% in Q2 2023, 26.98% in Q2 2022, and 27.94% in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -27.76% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 15.38% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 22.57% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 25.63% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 31.96% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 0.37% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 22.20% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 23.50% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 24.29% |
| 10 | BitVentures | 67.11 Mn | 67.11 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% |