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
DateValue
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