Ballard Power Systems (BLDP) Tax Rate (2010 - 2026)
Ballard Power Systems' (BLDP) quarterly Tax Rate came in at 0.11% in Q2 2026, up 1.0% year-over-year from 0.11% in Q2 2025, and up 173.61% quarter-over-quarter from 0.15% in Q4 2025.
Analysis
Ballard Power Systems (BLDP) Tax Rate (2010 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Tax Rate for 17 consecutive years, with 0.11% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate rose 1.0% year-over-year to 0.11% in Q2 2026; TTM through Jun 2026 was 0.03%, a 1.0% increase from a year earlier, with the FY2025 full-year figure at 0.06%, up 2.0% from the prior year.
- Tax Rate was 0.11% for Q2 2026 at Ballard Power Systems, up from 0.15% in the prior quarter.
- Over five years, Tax Rate peaked at 14.49% in Q4 2022 and troughed at 0.62% in Q1 2023.
- A 5-year average of 0.97% and a median of 0.09% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 1396 bps in 2022 and plunged 1457 bps in 2023, its largest moves.
- Over 5 years, Tax Rate stood at 14.49% in 2022, then slumped by 101 bps to 0.08% in 2023, then jumped by 53 bps to 0.04% in 2024, then slumped by 298 bps to 0.15% in 2025, then surged by 174 bps to 0.11% in 2026.
- The last three Tax Rate figures came in at 0.11% (Q2 2026), 0.15% (Q4 2025), and 0.1% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 77.62 Bn | 74.95 Bn | 355.57 Mn | 0.75% |
| 2 | Fuelcell Energy | 35.19 Bn | 34.53 Bn | -24.50 Mn | - |
| 3 | Ballard Power Systems | 706.87 Mn | 201.72 Mn | 4.08 Mn | 0.11% |
| 4 | Sunhydrogen | 93.29 Mn | 93.29 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.11% |
| Dec 31, 2025 | -0.15% |
| Jun 30, 2025 | 0.10% |
| Mar 31, 2025 | 0.17% |
| Dec 31, 2024 | -0.04% |
| Jun 30, 2024 | 0.22% |
| Mar 31, 2024 | 0.09% |
| Dec 31, 2023 | -0.08% |
| Sep 30, 2023 | 0.06% |
| Jun 30, 2023 | -0.35% |
| Mar 31, 2023 | -0.62% |
| Dec 31, 2022 | 14.49% |
| Sep 30, 2022 | 0.97% |
| Jun 30, 2022 | 0.16% |
| Mar 31, 2022 | -0.49% |
| Dec 31, 2021 | 0.53% |
| Sep 30, 2021 | 0.01% |
| Jun 30, 2021 | 0.01% |
| Mar 31, 2021 | 0.06% |
| Dec 31, 2020 | 0.27% |