Galaxy Digital (GLXY) Tax Rate (2024 - 2026)
Galaxy Digital (GLXY) reported Tax Rate of 7.78% for Q1 2026, up 575.0% on a YoY basis from 1.15% in Q1 2025, and down 42.15% quarter-over-quarter from 13.45% in Q4 2025.
Galaxy Digital (GLXY) Tax Rate (2024 - 2026) Analysis & Trends
Galaxy Digital has reported Tax Rate for 3 years, with the latest figure at 7.78% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 575.0% year-over-year to 7.78%; the trailing twelve-month figure through Mar 2026 stood at 20.36% (up 1159.0% YoY), and the FY2025 full-year result was 10.84%, up 1597.0% from the prior year.
- Tax Rate for Q1 2026 stood at 7.78%, down from 13.45% in the prior quarter.
- The five-year high for Tax Rate was 27.21% in Q2 2025, with the low at 3.83% in Q4 2024.
- Historically, Tax Rate has averaged 10.4% across 3 years, with a median of 8.92% in 2024.
- The largest YoY upside for Tax Rate was 1728 bps in 2025 against a maximum downside of 1177 bps in 2025.
- Galaxy Digital's Tax Rate stood at 3.83% in 2024, then surged by 451 bps to 13.45% in 2025, then sank by 42 bps to 7.78% in 2026.
- The last three Tax Rate figures came in at 7.78% (Q1 2026), 13.45% (Q4 2025), and 7.36% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 19.58% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 13.20% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 22.24% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 15.82% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 9.08% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 26.45% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 23.03% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 2.47% |
| 10 | Galaxy Digital | 5.84 Bn | 5.28 Bn | - | 7.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.78% |
| Mar 31, 2026 | 7.78% |
| Dec 31, 2025 | 13.45% |
| Dec 31, 2025 | 13.45% |
| Sep 30, 2025 | 7.36% |
| Sep 30, 2025 | 7.36% |
| Jun 30, 2025 | 27.21% |
| Jun 30, 2025 | 27.21% |
| Mar 31, 2025 | 2.03% |
| Mar 31, 2025 | 2.03% |
| Dec 31, 2024 | -3.83% |
| Dec 31, 2024 | -3.83% |
| Sep 30, 2024 | 19.13% |
| Sep 30, 2024 | 19.13% |
| Jun 30, 2024 | 10.06% |
| Jun 30, 2024 | 10.06% |