Netcapital (NCPL) Tax Rate (2020 - 2024)

Netcapital has disclosed Tax Rate across 5 years of filings, most recently posting 43.49% for Q1 2024.

• Tax Rate for Q1 2024 came in at 43.49%, up 1436.0% year-over-year; the trailing twelve-month figure through Apr 2024 was 31.93% (up 951.0% YoY), and the FY2024 annual result was 31.93%, up 951.0% from the prior year.
• Tax Rate came in at 43.49% for Q1 2024 at Netcapital, up from 2448.33% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 127.73% in Q3 2022 to a low of 2448.33% in Q4 2023.
• The 5-year median for Tax Rate is 26.87% (2020), against an average of 139.7%.
• Across the five-year window, Tax Rate surged 9506 bps in 2022 and plunged 248342 bps in 2023, its largest moves.
• Netcapital's Tax Rate stood at 26.92% in 2020, then soared by 189 bps to 23.88% in 2021, then jumped by 47 bps to 35.09% in 2022, then tumbled by 7077 bps to 2448.33% in 2023, then soared by 102 bps to 43.49% in 2024.
• The last three Tax Rate figures came in at 43.49% (Q1 2024), 2448.33% (Q4 2023), and 37.82% (Q3 2023), per Business Quant data.