Hut 8 (HUT) Tax Rate (2023 - 2025)
Hut 8's Tax Rate came in at 15.10% for Q2 2026, down 1.62 percentage points from 16.72% a year earlier and down 1.10 percentage points from the prior quarter.
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Analysis
Hut 8 (HUT) Tax Rate (2023 - 2025) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Hut 8 reported Tax Rate of 17.01%, down 26.50 percentage points year-over-year; for FY2025, it came in at 17.29%, down 7.82 percentage points from FY2024.
- Tax Rate carries a three-year change of +36.25 percentage points (FY2022 to FY2025).
- Going back by year, Tax Rate was 25.11% in FY2024 (+27.02 pp), -1.92% in FY2023 and -18.96% in FY2022.
- The Q2 2026 figure represents the lowest quarterly Tax Rate since Q1 2025.
- Year-over-year, Tax Rate increased in four of the last seven quarters, with an average year-over-year change of +2.95 percentage points.
- Business Quant data shows HUT's Tax Rate at 16.20% (Q1 2026), 20.59% (Q4 2025) and 27.31% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | - |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 15.73% |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 71.11% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 26.96% |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 20.13% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 30.70% |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 27.31% |
| Jun 30, 2025 | 16.72% |
| Dec 31, 2024 | 42.46% |
| Sep 30, 2024 | 36.74% |
| Mar 31, 2024 | 1.67% |
| Mar 31, 2023 | 1.64% |
API Access
Hut 8 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=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HUT", "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=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();