Horizon Kinetics Holding (HKHC) Tax Rate (2013 - 2026)
Horizon Kinetics Holding (HKHC) recorded Tax Rate of 5.53% in Q2 2026, down 9.08 percentage points from 14.62% a year earlier and down 7.10 percentage points from the prior quarter.
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Analysis
Horizon Kinetics Holding (HKHC) Tax Rate (2013 - 2026) Analysis & Trends
On a TTM basis, Horizon Kinetics Holding's Tax Rate came in at -17.06% as of Jun 30, 2026, down 34.21 percentage points year-over-year; for FY2025, it came in at 145.86%, up 134.25 percentage points from FY2024.
- Annual Tax Rate has increased for four straight years, with a five-year change of +115.13 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 11.60% in FY2024 (+11.74 pp), -0.14% in FY2023 (+0.49 pp), -0.63% in FY2022 (+15.09 pp) and -15.72% in FY2021 (-46.44 pp).
- Quarterly Tax Rate has ranged from -117.81% in Q3 2021 to 42.86% in Q3 2024 over the past five years.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +2.20 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 117.62 percentage points in Q3 2022, against a drop of 135.35 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.63% (Q1 2026), 9.29% (Q4 2025) and -8.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 24.90% |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 16.11% |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 17.91% |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 12.14% |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 15.94% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 15.06% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 23.17% |
| 10 | Horizon Kinetics Holding | 433.26 Mn | 1.68 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 12.63% |
| Mar 31, 2025 | 11.21% |
| Dec 31, 2024 | 8.20% |
| Sep 30, 2024 | 42.86% |
| Jun 30, 2024 | 0.56% |
| Mar 31, 2024 | 0.44% |
| Dec 31, 2023 | 0.55% |
| Sep 30, 2023 | 0.11% |
| Sep 30, 2018 | 24.16% |
| Jun 30, 2018 | 25.04% |
| Dec 31, 2017 | 42.98% |
| Sep 30, 2017 | 31.04% |
| Jun 30, 2017 | 37.14% |
| Mar 31, 2017 | 39.93% |
| Dec 31, 2016 | 39.55% |
| Sep 30, 2016 | 40.77% |
| Mar 31, 2016 | 42.19% |
| Sep 30, 2015 | 28.82% |
| Mar 31, 2015 | 1.78% |
| Dec 31, 2014 | 3.88% |
API Access
Horizon Kinetics Holding Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=HKHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HKHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=HKHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();