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

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

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

Heritage Global has reported Tax Rate for 17 years, with the latest figure at 27.43% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 36.0% year-over-year to 27.43%; the trailing twelve-month figure through Mar 2026 stood at 11.8% (down 3238.0% YoY), and the FY2025 full-year result was 38.63%, down 362.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 27.43%, down from 62.42% in the prior quarter.
  • The five-year high for Tax Rate was 112.89% in Q4 2024, with the low at 218.53% in Q4 2022.
  • Historically, Tax Rate has averaged 13.59% across 5 years, with a median of 27.13% in 2023.
  • The largest YoY upside for Tax Rate was 64398 bps in 2022 against a maximum downside of 24657 bps in 2022.
  • Heritage Global's 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 slumped by 45 bps to 62.42% in 2025, then plunged by 56 bps to 27.43% in 2026.
  • The last three Tax Rate figures came in at 27.43% (Q1 2026), 62.42% (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 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - 19.58%
3 Goldman Sachs 313.22 Bn -624.33 Bn - 13.20%
4 Schwab Charles 154.90 Bn 109.92 Bn - 22.24%
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 15.82%
6 Interactive Brokers 38.41 Bn 49.00 Bn - 9.08%
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - 26.45%
8 Tradeweb Markets 21.12 Bn 19.87 Bn - 23.03%
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn 2.47%
10 Heritage Global 46.70 Mn 35.14 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%