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
DateValue
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%