Heritage Global (HGBL) Tax Rate (2010 - 2026)
Heritage Global's (HGBL) quarterly Tax Rate came in at 27.43% in Q1 2026, up 36.0% YoY from 20.17% in Q1 2025, and down 90.16% on a QoQ basis from 278.65% in Q4 2025.
Heritage Global (HGBL) Tax Rate (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has 17 years of Tax Rate data on file, last reported at 27.43% in Q1 2026.
- Quarterly Tax Rate rose 36.0% year-over-year to 27.43% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 44.03% (up 3921.0% YoY) and the FY2025 annual result came in at 68.26%, up 6095.0% from the prior year.
- Tax Rate fell to 27.43% in Q1 2026, from 278.65% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 278.65% in Q4 2025 to a low of 86.16% in Q4 2024.
- A 5-year average of 21.35% and a median of 27.07% in 2025 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 64398 bps in 2022, down 8823 bps in 2022.
- Tracing HGBL's Tax Rate over 5 years: stood at 60.19% in 2022, then surged by 64 bps to 21.5% in 2023, then plunged by 301 bps to 86.16% in 2024, then jumped by 423 bps to 278.65% in 2025, then plunged by 90 bps to 27.43% in 2026.
- The last three Tax Rate figures came in at 27.43% (Q1 2026), 278.65% (Q4 2025), and 56.18% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 23.07% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 22.60% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 23.68% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 19.18% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 8.10% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 26.43% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 23.50% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 7.84% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -16.38% |
| 10 | Heritage Global | 39.30 Mn | 26.12 Mn | 9.46 Mn | 24.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.26% |
| Jun 30, 2026 | 24.26% |
| Jun 30, 2026 | 24.26% |
| Mar 31, 2026 | 27.43% |
| Mar 31, 2026 | 27.43% |
| Mar 31, 2026 | 27.43% |
| Dec 31, 2025 | 278.65% |
| Dec 31, 2025 | 278.65% |
| Dec 31, 2025 | 278.65% |
| Sep 30, 2025 | -56.18% |
| Sep 30, 2025 | -56.18% |
| Sep 30, 2025 | -56.18% |
| Jun 30, 2025 | 27.24% |
| Jun 30, 2025 | 27.24% |
| Jun 30, 2025 | 27.24% |
| Mar 31, 2025 | 27.07% |
| Mar 31, 2025 | 27.07% |
| Mar 31, 2025 | 27.07% |
| Dec 31, 2024 | -86.16% |
| Dec 31, 2024 | -86.16% |