Galaxy Digital (GLXY) Tax Rate (2024 - 2026)
Galaxy Digital (GLXY) posted quarterly Tax Rate of 7.78% for Q1 2026, up 575.0% year-over-year from 1.15% in Q1 2025, and down 42.15% on a QoQ basis from 13.45% in Q4 2025.
Galaxy Digital (GLXY) Tax Rate (2024 - 2026) Analysis & Trends
Galaxy Digital (GLXY) has reported Tax Rate for 3 consecutive years, with 7.78% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 575.0% year-over-year to 7.78%; the TTM figure through Mar 2026 stood at 20.36% (up 1159.0% YoY), while the FY2025 annual figure was 10.84%, up 1597.0% from the prior year.
- Tax Rate came in at 7.78% for Q1 2026 at Galaxy Digital, 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.
- Average Tax Rate over 3 years is 10.4%, with a median of 8.92% recorded in 2024.
- The largest YoY upside for Tax Rate was 1728 bps in 2025 against a maximum downside of 1177 bps in 2025.
- Year by year, Tax Rate stood at 3.83% in 2024, then soared by 451 bps to 13.45% in 2025, then tumbled by 42 bps to 7.78% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 7.78%, 13.45%, and 7.36% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 19.58% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 13.20% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 22.24% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -16.38% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 15.82% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 26.45% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 23.03% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 2.47% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 2.46% |
| 10 | Galaxy Digital | 4.97 Bn | 4.40 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% |