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 338.83 Bn 205.30 Bn - 23.07%
2 Goldman Sachs 316.34 Bn -660.01 Bn - 22.60%
3 Schwab Charles 220.55 Bn 135.80 Bn - 22.24%
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -16.38%
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 19.18%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 2.46%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 26.43%
10 Heritage Global 38.49 Mn 26.93 Mn 9.35 Mn 27.43%

Historic Data

Download Data
DateValue
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%
Dec 31, 2024 -86.16%
Sep 30, 2024 27.21%
Sep 30, 2024 27.21%