Hut 8 (HUT) Tax Rate (2022 - 2026)
Hut 8 (HUT) reported Tax Rate of 16.2% for Q1 2026, up 313.0% on a YoY basis from 3.92% in Q1 2025, and down 21.29% quarter-over-quarter from 20.59% in Q4 2025.
Hut 8 (HUT) Tax Rate (2022 - 2026) Analysis & Trends
Hut 8 has reported Tax Rate for 5 years, with the latest figure at 16.2% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 313.0% year-over-year to 16.2%; the trailing twelve-month figure through Mar 2026 stood at 18.0% (down 23852.0% YoY), and the FY2025 full-year result was 17.29%, down 782.0% from the prior year.
- Tax Rate for Q1 2026 stood at 16.2%, down from 20.59% in the prior quarter.
- The five-year high for Tax Rate was 42.47% in Q4 2024, with the low at 122.45% in Q3 2022.
- Historically, Tax Rate has averaged 1.73% across 5 years, with a median of 7.83% in 2024.
- Annual changes were most pronounced in 2023 — Tax Rate surged 12103 bps — and 2025, when it plunged 2188 bps.
- Hut 8's Tax Rate stood at 122.45% in 2022, then surged by 94 bps to 7.37% in 2023, then surged by 676 bps to 42.47% in 2024, then sank by 52 bps to 20.59% in 2025, then retreated by 21 bps to 16.2% in 2026.
- The last three Tax Rate figures came in at 16.2% (Q1 2026), 20.59% (Q4 2025), and 27.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 19.58 |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 13.20 |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 22.24 |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 15.82 |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 9.08 |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 26.45 |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 23.03 |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 2.46 |
| 10 | Hut 8 | 13.75 Bn | 13.90 Bn | 45.47 Mn | 16.20 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.20% |
| Mar 31, 2026 | 16.20% |
| Dec 31, 2025 | 20.59% |
| Dec 31, 2025 | 20.59% |
| Sep 30, 2025 | 27.31% |
| Sep 30, 2025 | 27.31% |
| Jun 30, 2025 | 16.72% |
| Jun 30, 2025 | 16.72% |
| Mar 31, 2025 | 13.08% |
| Mar 31, 2025 | 13.08% |
| Dec 31, 2024 | 42.47% |
| Dec 31, 2024 | 42.47% |
| Sep 30, 2024 | 36.74% |
| Sep 30, 2024 | 36.74% |
| Jun 30, 2024 | 2.59% |
| Jun 30, 2024 | 2.59% |
| Mar 31, 2024 | 1.67% |
| Mar 31, 2024 | 1.67% |
| Dec 31, 2023 | -7.37% |
| Dec 31, 2023 | -7.37% |