Enphase Energy (ENPH) Tax Rate (2014 - 2026)
Enphase Energy's Tax Rate came in at 41.71% for Q2 2026, up 29.39 percentage points from 12.32% a year earlier but down 5.05 percentage points from the prior quarter.
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Analysis
Enphase Energy (ENPH) Tax Rate (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Enphase Energy reported Tax Rate of 18.14%, up 1.48 percentage points year-over-year; for FY2025, it was 15.96%, up 1.39 percentage points from FY2024.
- Tax Rate has increased in each of the last four years, with a five-year change of +28.17 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 14.56% in FY2024 (+0.10 pp), 14.46% in FY2023 (+2.36 pp), 12.10% in FY2022 (+32.37 pp) and -20.28% in FY2021 (-8.06 pp).
- The five-year range for quarterly Tax Rate is -71.13% (Q4 2023) to 46.76% (Q1 2026).
- Year-over-year, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +24.06 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2024 (a gain of 81.90 percentage points), and the weakest in Q1 2022 (a drop of 1954.95 percentage points).
- Business Quant data shows ENPH's Tax Rate at 46.76% (Q1 2026), -0.05% (Q4 2025) and 13.50% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 29.84% |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 0.75% |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 8.01% |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 21.56% |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 24.61% |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 16.88% |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 13.75% |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 41.71% |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 28.32% |
| 10 | Nuscale Power | 3.18 Bn | 3.14 Bn | -152,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.71% |
| 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% |
| 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% |
| Sep 30, 2021 | 15.17% |
| Jun 30, 2021 | 15.10% |
| Sep 30, 2020 | 12.26% |
| Sep 30, 2019 | 0.87% |
| Jun 30, 2019 | 5.27% |
| Mar 31, 2019 | 11.18% |
API Access
Enphase Energy Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();