Hercules Capital (HTGC) Tax Rate (2021 - 2026)

Hercules Capital has disclosed Tax Rate across 6 years of filings, most recently posting 1.65% for Q1 2026.

• Tax Rate for Q1 2026 came in at 1.65%, up 7.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.34% (down 13.0% YoY), and the FY2025 annual result was 2.33%, down 2.0% from the prior year.
• Tax Rate came in at 1.65% for Q1 2026 at Hercules Capital, down from 3.44% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 7.02% in Q2 2022 to a low of 1.16% in Q1 2024.
• The 5-year median for Tax Rate is 2.78% (2024), against an average of 2.84%.
• Across the five-year window, Tax Rate slumped 555 bps in 2022 and soared 118 bps in 2025, its largest moves.
• Hercules Capital's Tax Rate stood at 2.77% in 2022, then slumped by 57 bps to 1.2% in 2023, then jumped by 89 bps to 2.26% in 2024, then soared by 52 bps to 3.44% in 2025, then slumped by 52 bps to 1.65% in 2026.
• The last three Tax Rate figures came in at 1.65% (Q1 2026), 3.44% (Q4 2025), and 2.65% (Q3 2025), per Business Quant data.