Heritage Global (HGBL) Tax Rate (2010 - 2026)

Heritage Global (HGBL) posted Tax Rate of 27.43% for Q1 2026, down 56.06% quarter-over-quarter from 62.42% in Q4 2025, and up 36.0% year-on-year from 20.17% in Q1 2025.

Heritage Global (HGBL) Tax Rate (2010 - 2026) Analysis & Trends

Heritage Global (HGBL) has reported Tax Rate for 17 consecutive years, with 27.43% the latest figure, recorded in Q1 2026.

  • Tax Rate for Q1 2026 came in at 27.43%, up 36.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.8% (down 3238.0% YoY), and the FY2025 annual result was 38.63%, down 362.0% from the prior year.
  • Tax Rate was 27.43% for Q1 2026 at Heritage Global, down from 62.42% in the prior quarter.
  • Over five years, Tax Rate peaked at 112.89% in Q4 2024 and troughed at 218.53% in Q4 2022.
  • Average Tax Rate over 5 years is 13.59%, with a median of 27.13% recorded in 2023.
  • The widest YoY moves for Tax Rate: up 64398 bps in 2022, down 24657 bps in 2022.
  • Over 5 years, Tax Rate stood at 218.53% in 2022, then jumped by 110 bps to 22.11% in 2023, then surged by 411 bps to 112.89% in 2024, then sank by 45 bps to 62.42% in 2025, then tumbled by 56 bps to 27.43% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 27.43% in Q1 2026, 62.42% in Q4 2025, and 56.18% in Q3 2025.

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 Heritage Global 448,630.02 -11.12 Mn 11.67 Mn 27.43%

Historic Data

Download Data
DateValue
Mar 31, 2026 27.43%
Mar 31, 2026 27.43%
Dec 31, 2025 62.42%
Dec 31, 2025 62.42%
Sep 30, 2025 -56.18%
Sep 30, 2025 -56.18%
Jun 30, 2025 27.24%
Jun 30, 2025 27.24%
Mar 31, 2025 27.07%
Mar 31, 2025 27.07%
Dec 31, 2024 112.89%
Dec 31, 2024 112.89%
Sep 30, 2024 27.21%
Sep 30, 2024 27.21%
Jun 30, 2024 27.33%
Jun 30, 2024 27.33%
Mar 31, 2024 27.05%
Mar 31, 2024 27.05%
Dec 31, 2023 22.11%
Dec 31, 2023 22.11%