Hercules Capital (HCXY) Tax Rate (2021 - 2026)
Hercules Capital's (HCXY) quarterly Tax Rate came in at 4.52% in Q2 2026, up 282.0% year-over-year from 1.18% in Q2 2025, and up 161.33% quarter-over-quarter from 1.73% in Q1 2026.
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Analysis
Hercules Capital (HCXY) Tax Rate (2021 - 2026) Analysis & Trends
Hercules Capital has disclosed Tax Rate across 6 years of filings, most recently posting 4.52% for Q2 2026.
- In Q2 2026, Tax Rate rose 282.0% year-over-year to 4.52%; the TTM figure through Jun 2026 stood at 3.18% (up 93.0% YoY), while the FY2025 annual figure was 2.43%, changed 0.0% from the prior year.
- Tax Rate came in at 4.52% for Q2 2026 at Hercules Capital, up from 1.73% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 7.02% in Q2 2022 to a low of 1.2% in Q1 2024.
- Average Tax Rate over 5 years is 3.01%, with a median of 2.93% recorded in 2023.
- Year-over-year, Tax Rate slumped 751 bps in 2022 and soared 282 bps in 2026.
- Over 5 years, Tax Rate stood at 2.47% in 2022, then plunged by 50 bps to 1.24% in 2023, then surged by 88 bps to 2.34% in 2024, then soared by 54 bps to 3.61% in 2025, then grew by 25 bps to 4.52% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 4.52% in Q2 2026, 1.73% in Q1 2026, and 3.61% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 5.23% |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 5.73% |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 1.32% |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | - |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 1.39% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 4.52% |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | -0.26% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.52% |
| Mar 31, 2026 | 1.73% |
| Dec 31, 2025 | 3.61% |
| Sep 30, 2025 | 2.78% |
| Jun 30, 2025 | 1.69% |
| Mar 31, 2025 | 1.65% |
| Dec 31, 2024 | 2.34% |
| Sep 30, 2024 | 3.27% |
| Jun 30, 2024 | 2.88% |
| Mar 31, 2024 | 1.20% |
| Dec 31, 2023 | 1.24% |
| Sep 30, 2023 | 3.25% |
| Jun 30, 2023 | 3.53% |
| Mar 31, 2023 | 2.98% |
| Dec 31, 2022 | 2.47% |
| Sep 30, 2022 | 4.81% |
| Jun 30, 2022 | 7.02% |
| Mar 31, 2022 | 3.19% |
| Dec 31, 2021 | 9.98% |
| Sep 30, 2021 | 11.07% |