First Majestic Silver (AG) Tax Rate (2010 - 2025)

First Majestic Silver (AG) reported Tax Rate of 72.44% for Q4 2025, down 9445.0% on a YoY basis from 0.78% in Q4 2024, and up 313.68% quarter-over-quarter from 17.51% in Q3 2025.

First Majestic Silver (AG) Tax Rate (2010 - 2025) Analysis & Trends

First Majestic Silver has reported Tax Rate for 16 years, with the latest figure at 72.44% in Q4 2025.

  • For the quarter ending Q4 2025, Tax Rate fell 9445.0% year-over-year to 72.44%; the trailing twelve-month figure through Dec 2025 stood at 35.38% (up 11270.0% YoY), and the FY2025 full-year result was 46.59%, up 33173.0% from the prior year.
  • Tax Rate for Q4 2025 stood at 72.44%, up from 17.51% in the prior quarter.
  • The five-year high for Tax Rate was 423.46% in Q4 2023, with the low at 1474.56% in Q2 2022.
  • Historically, Tax Rate has averaged 46.84% across 5 years, with a median of 4.77% in 2023.
  • Annual changes were most pronounced in 2022 — Tax Rate sank 153692 bps — and 2023, when it surged 145082 bps.
  • First Majestic Silver's Tax Rate stood at 119.93% in 2021, then tumbled by 61 bps to 46.54% in 2022, then soared by 810 bps to 423.46% in 2023, then tumbled by 61 bps to 166.88% in 2024, then sank by 57 bps to 72.44% in 2025.
  • The last three Tax Rate figures came in at 72.44% (Q4 2025), 17.51% (Q3 2025), and 27.67% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Majestic Silver 54.32 Bn 53.75 Bn -65.31 Mn 72.44%
2 Silvercorp Metals 2.47 Bn 2.11 Bn 77.07 Mn 14.67%
3 Highlander Silver 1.88 Bn 1.80 Bn 74,000.00 -0.39%
4 Endeavour Silver 1,974.55 -232.10 Mn 93.50 Mn 39.35%
5 New Pacific Metals 91.50 -41.94 Mn - -
6 Bunker Hill Mining - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 72.44%
Dec 31, 2025 72.44%
Sep 30, 2025 17.51%
Sep 30, 2025 17.51%
Jun 30, 2025 -27.67%
Jun 30, 2025 -27.67%
Mar 31, 2025 51.93%
Mar 31, 2025 51.93%
Dec 31, 2024 166.88%
Dec 31, 2024 166.88%
Sep 30, 2024 -52.37%
Sep 30, 2024 -52.37%
Jun 30, 2024 -44.43%
Jun 30, 2024 -44.43%
Mar 31, 2024 8.79%
Mar 31, 2024 8.79%
Dec 31, 2023 423.46%
Dec 31, 2023 423.46%
Sep 30, 2023 0.75%
Sep 30, 2023 0.75%