Enphase Energy (ENPH) Tax Rate (2012 - 2026)
Enphase Energy (ENPH) posted quarterly Tax Rate of 41.71% for Q2 2026, up 2939.0% year-over-year from 1.37% in Q2 2025, and down 10.8% quarter-over-quarter from 46.76% in Q1 2026.
Enphase Energy (ENPH) Tax Rate (2012 - 2026) Analysis & Trends
Enphase Energy's Tax Rate history runs 15 years deep, the most recent figure standing at 41.71% for Q2 2026.
- In Q2 2026, Tax Rate rose 2939.0% year-over-year to 41.71%; the TTM figure through Jun 2026 stood at 18.14% (up 148.0% YoY), while the FY2025 annual figure was 15.96%, up 139.0% from the prior year.
- Tax Rate for Q2 2026 stood at 41.71%, 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.
- The 5-year median for Tax Rate is 12.91% (2025), against an average of 9.06%.
- The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 195495 bps in 2022, then soared 8190 bps in 2024.
- Enphase Energy's Tax Rate stood at 8.56% in 2022, then slumped by 931 bps to 71.13% in 2023, then jumped by 115 bps to 10.77% in 2024, then plunged by 100 bps to 0.05% in 2025, then jumped by 85055 bps to 41.71% in 2026.
- Business Quant data shows ENPH's Tax Rate at 41.71% in Q2 2026, 46.76% in Q1 2026, and 0.05% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.73 Bn | 22.00 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 13.45 Bn | 12.24 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 5.23 Bn | 4.30 Bn | 175.01 Mn | 41.71% |
| 4 | Sunrun | 2.25 Bn | 2.25 Bn | 527.54 Mn | 1.87% |
| 5 | Solaredge Technologies | 1.94 Bn | 1.36 Bn | 95.15 Mn | -8.19% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 1.02 Bn | -572.71 Mn | 124.40 Mn | -3.52% |
| 8 | JinkoSolar Holding | 858.35 Mn | -2.45 Bn | 147.66 Mn | -31.47% |
| 9 | Array Technologies | 736.25 Mn | 428.95 Mn | 99.60 Mn | 23.33% |
| 10 | Toyo | 180.11 Mn | 103.46 Mn | 47.76 Mn | -16.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.71% |
| Jun 30, 2026 | 41.71% |
| Jun 30, 2026 | 41.71% |
| Mar 31, 2026 | 46.76% |
| Mar 31, 2026 | 46.76% |
| Mar 31, 2026 | 46.76% |
| Dec 31, 2025 | -0.05% |
| Dec 31, 2025 | -0.05% |
| Dec 31, 2025 | -0.05% |
| Sep 30, 2025 | 13.50% |
| Sep 30, 2025 | 13.50% |
| Sep 30, 2025 | 13.50% |
| Jun 30, 2025 | 12.32% |
| Jun 30, 2025 | 12.32% |
| Jun 30, 2025 | 12.32% |
| Mar 31, 2025 | 36.67% |
| Mar 31, 2025 | 36.67% |
| Mar 31, 2025 | 36.67% |
| Dec 31, 2024 | 10.77% |
| Dec 31, 2024 | 10.77% |