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| Date | Value |
|---|---|
| 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% |