Enphase Energy (ENPH) Tax Rate (2012 - 2026)
Enphase Energy (ENPH) posted Tax Rate of 41.71% for Q2 2026, down 10.8% on a QoQ basis from 46.76% in Q1 2026, and up 2939.0% year-over-year from 1.37% in Q2 2025.
Analysis
Enphase Energy (ENPH) Tax Rate (2012 - 2026) Analysis & Trends
Enphase Energy has reported Tax Rate for 15 years, with the latest figure at 41.71% in Q2 2026.
- On a quarterly basis, Tax Rate rose 2939.0% year-over-year to 41.71% in Q2 2026; TTM through Jun 2026 was 18.14%, a 148.0% increase from a year earlier, with the FY2025 full-year figure at 15.96%, up 139.0% from the prior year.
- Tax Rate was 41.71% for Q2 2026 at Enphase Energy, down from 46.76% in the prior quarter.
- The five-year high for Tax Rate was 46.76% in Q1 2026, with the low at 71.13% in Q4 2023.
- Average Tax Rate over 5 years is 9.06%, with a median of 12.91% recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 195495 bps in 2022, then surged 8190 bps in 2024.
- Over 5 years, Tax Rate stood at 8.56% in 2022, then slumped by 931 bps to 71.13% in 2023, then soared by 115 bps to 10.77% in 2024, then plunged by 100 bps to 0.05% in 2025, then soared by 85055 bps to 41.71% in 2026.
- The last three Tax Rate figures came in at 41.71% (Q2 2026), 46.76% (Q1 2026), and 0.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 41.71% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -8.19% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -2.16% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 24.26% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 23.33% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -12.60% |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -18.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.71% |
| Mar 31, 2026 | 46.76% |
| Dec 31, 2025 | -0.05% |
| Sep 30, 2025 | 13.50% |
| Jun 30, 2025 | 12.32% |
| Mar 31, 2025 | 36.67% |
| Dec 31, 2024 | 10.77% |
| Sep 30, 2024 | 9.85% |
| Jun 30, 2024 | 3.57% |
| Mar 31, 2024 | -40.00% |
| Dec 31, 2023 | -71.13% |
| Sep 30, 2023 | 17.04% |
| Jun 30, 2023 | 14.84% |
| Mar 31, 2023 | 17.93% |
| Dec 31, 2022 | 8.56% |
| Sep 30, 2022 | 14.48% |
| Jun 30, 2022 | 16.52% |
| Mar 31, 2022 | 9.75% |
| Dec 31, 2021 | -4.00% |
| Sep 30, 2021 | 15.17% |