Galaxy Digital (GLXY) Tax Provisions (2024 - 2026)
Galaxy Digital (GLXY) posted quarterly Tax Provisions of -$18.2 million for Q1 2026, down 198.53% year-over-year from $18.5 million in Q1 2025, and up 75.62% on a QoQ basis from -$74.8 million in Q4 2025.
Galaxy Digital (GLXY) Tax Provisions (2024 - 2026) Analysis & Trends
Galaxy Digital (GLXY) has reported Tax Provisions for 3 consecutive years, with -$18.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 198.53% year-over-year to -$18.2 million; the TTM figure through Mar 2026 stood at -$41.5 million (down 28.06% YoY), while the FY2025 annual figure was -$29.3 million, down 73.15% from the prior year.
- Tax Provisions came in at -$18.2 million for Q1 2026 at Galaxy Digital, up from -$74.8 million in the prior quarter.
- The five-year high for Tax Provisions was $40.1 million in Q3 2025, with the low at -$74.8 million in Q4 2025.
- Average Tax Provisions over 3 years is -$9.2 million, with a median of -$7.0 million recorded in 2024.
- The largest YoY upside for Tax Provisions was 609.13% in 2025 against a maximum downside of 1625.46% in 2025.
- Year by year, Tax Provisions stood at -$4.3 million in 2024, then tumbled by 1625.46% to -$74.8 million in 2025, then jumped by 75.62% to -$18.2 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$18.2 million, -$74.8 million, and $40.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.37 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 856.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 709.00 Mn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -84.25 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 65.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 128.18 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 69.76 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 1.40 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -6.26 Mn |
| 10 | Galaxy Digital | 4.97 Bn | 4.40 Bn | - | -18.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.25 Mn |
| Dec 31, 2025 | -74.83 Mn |
| Sep 30, 2025 | 40.15 Mn |
| Jun 30, 2025 | 11.47 Mn |
| Mar 31, 2025 | -6.11 Mn |
| Dec 31, 2024 | -4.34 Mn |
| Sep 30, 2024 | -7.89 Mn |
| Jun 30, 2024 | -14.04 Mn |