First Majestic Silver (AG) Tax Rate (2010 - 2026)
First Majestic Silver's (AG) quarterly Tax Rate came in at 46.78% in Q2 2026, down 869.0% on a YoY basis from 6.08% in Q2 2025, and up 34.36% quarter-over-quarter from 34.82% in Q1 2026.
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First Majestic Silver (AG) Tax Rate (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported Tax Rate for 17 consecutive years, with 46.78% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 869.0% year-over-year to 46.78%; the trailing twelve-month figure through Jun 2026 stood at 42.27% (down 8246.0% YoY), and the FY2025 full-year result was 46.59%, up 33173.0% from the prior year.
- Tax Rate rose to 46.78% in Q2 2026 per AG's latest filing, from 34.82% in the prior quarter.
- Across five years, Tax Rate topped out at 291.41% in Q4 2024 and bottomed at 511.63% in Q3 2024.
- Historically, Tax Rate has averaged 43.6% across 5 years, with a median of 11.93% in 2023.
- The sharpest annual moves came in 2022 and 2025: Tax Rate sank 53913 bps in 2022, then jumped 55382 bps in 2025.
- Over 5 years, Tax Rate stood at 16.01% in 2022, then surged by 249 bps to 23.9% in 2023, then soared by 1119 bps to 291.41% in 2024, then slumped by 84 bps to 45.82% in 2025, then increased by 2 bps to 46.78% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 46.78%, 34.82%, and 45.82% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 20.88 Bn | 19.83 Bn | 535.85 Mn | 43.35% |
| 2 | Pan American Silver | 19.31 Bn | 17.74 Bn | 457,000.00 | -36.98% |
| 3 | Hecla Mining | 13.39 Bn | 12.90 Bn | 332.52 Mn | 13.73% |
| 4 | First Majestic Silver | 9.65 Bn | 8.40 Bn | 223.62 Mn | 46.78% |
| 5 | Endeavour Silver | 2.98 Bn | 2.74 Bn | 74.00 Mn | 13.46% |
| 6 | Silvercorp Metals | 2.65 Bn | 2.27 Bn | 104.04 Mn | 15.12% |
| 7 | Americas Gold & Silver | 1.36 Bn | 1.27 Bn | 22.23 Mn | 3,246.31% |
| 8 | Vizsla Silver | 1.36 Bn | 1.36 Bn | - | - |
| 9 | New Pacific Metals | 1.00 Bn | 1.00 Bn | - | - |
| 10 | Santacruz Silver Mining | 867.95 Mn | 800.93 Mn | 51.14 Mn | -137.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.78% |
| Mar 31, 2026 | 34.82% |
| Dec 31, 2025 | 45.82% |
| Sep 30, 2025 | 42.19% |
| Jun 30, 2025 | 55.47% |
| Mar 31, 2025 | 51.93% |
| Dec 31, 2024 | 291.41% |
| Sep 30, 2024 | -511.63% |
| Jun 30, 2024 | -44.42% |
| Mar 31, 2024 | 40.38% |
| Dec 31, 2023 | 23.90% |
| Sep 30, 2023 | -15.80% |
| Jun 30, 2023 | -23.74% |
| Mar 31, 2023 | -0.04% |
| Dec 31, 2022 | -16.01% |
| Sep 30, 2022 | -70.80% |
| Jun 30, 2022 | -476.77% |
| Mar 31, 2022 | -258.31% |
| Dec 31, 2021 | 119.14% |
| Sep 30, 2021 | -33.73% |