Enphase Energy ENPH
NASDAQ ENPH
$36.86 +0.14 (+0.38%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%