Netcapital (NCPL) Tax Rate (2020 - 2024)

Netcapital (NCPL) posted Tax Rate of 43.49% for Q1 2024, up 101.78% sequentially from 2448.33% in Q4 2023, and up 1436.0% YoY from 2.83% in Q1 2023.

Netcapital (NCPL) Tax Rate (2020 - 2024) Analysis & Trends

Netcapital has reported Tax Rate for 5 years, with the latest figure at 43.49% in Q1 2024.

Quarterly Tax Rate rose 1436.0% year-over-year to 43.49% in Q1 2024, while the trailing twelve-month figure through Apr 2024 was 31.93% (up 951.0% YoY) and the FY2024 annual result came in at 31.93%, up 951.0% from the prior year.
Tax Rate rose to 43.49% in Q1 2024 per NCPL's latest filing, from 2448.33% in the prior quarter.
Over five years, Tax Rate peaked at 127.73% in Q3 2022 and troughed at 2448.33% in Q4 2023.
A 5-year average of 139.7% and a median of 26.87% in 2020 frame the typical range for Tax Rate.
The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 9506 bps in 2022, then plunged 248342 bps in 2023.
Over 5 years, Tax Rate stood at 26.92% in 2020, then surged by 189 bps to 23.88% in 2021, then soared by 47 bps to 35.09% in 2022, then tumbled by 7077 bps to 2448.33% in 2023, then surged by 102 bps to 43.49% in 2024.
According to Business Quant data, Tax Rate over the past three periods registered 43.49%, 2448.33%, and 37.82% for Q1 2024, Q4 2023, and Q3 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Morgan Stanley	333.21 Bn	173.07 Bn	-	23.07%
2	Goldman Sachs	311.14 Bn	-665.21 Bn	-	22.60%
3	Schwab Charles	196.95 Bn	123.36 Bn	-	23.68%
4	Robinhood Markets	93.19 Bn	75.81 Bn	1.20 Bn	19.18%
5	Interactive Brokers	41.71 Bn	-22.59 Bn	-	8.10%
6	LPL Financial Holdings	29.06 Bn	26.36 Bn	-	26.43%
7	Tradeweb Markets	23.03 Bn	20.97 Bn	-	23.50%
8	Circle Internet	21.70 Bn	19.97 Bn	288.85 Mn	7.84%
9	Futu Holdings	16.14 Bn	214.18 Mn	733.58 Mn	-16.38%
10	Netcapital	1.49 Mn	771,270.10	92,524.00	-

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