Enphase Energy (ENPH) Tax Rate (2012 - 2026)

Enphase Energy (ENPH) recorded quarterly Tax Rate of 46.43% in Q1 2026, up 94666.62% quarter-over-quarter from 0.05% in Q4 2025, and up 976.0% on a YoY basis from 4.32% in Q1 2025.

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 46.43% for Q1 2026.

  • In Q1 2026, Tax Rate rose 976.0% year-over-year to 46.43%; the TTM figure through Mar 2026 stood at 6.3% (down 1057.0% YoY), while the FY2025 annual figure was 15.96%, up 139.0% from the prior year.
  • Tax Rate was 46.43% for Q1 2026 at Enphase Energy, up from 0.05% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 46.43% in Q1 2026 to a low of 71.06% in Q4 2023.
  • Historically, Tax Rate has averaged 7.11% across 5 years, with a median of 12.21% in 2025.
  • The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 195497 bps in 2022, then soared 8188 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 8.56% in 2022, then slumped by 931 bps to 71.06% in 2023, then soared by 115 bps to 10.82% in 2024, then sank by 100 bps to 0.05% in 2025, then surged by 94667 bps to 46.43% in 2026.
  • The last three Tax Rate figures came in at 46.43% (Q1 2026), 0.05% (Q4 2025), and 13.5% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 2.18%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 5.66%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 46.43%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -2.29%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -2.43%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 23.06%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 50.91%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -31.47%
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 8.57%
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 46.43%
Mar 31, 2026 46.43%
Dec 31, 2025 -0.05%
Dec 31, 2025 -0.05%
Sep 30, 2025 13.50%
Sep 30, 2025 13.50%
Jun 30, 2025 12.21%
Jun 30, 2025 12.21%
Mar 31, 2025 36.67%
Mar 31, 2025 36.67%
Dec 31, 2024 10.82%
Dec 31, 2024 10.82%
Sep 30, 2024 9.86%
Sep 30, 2024 9.86%
Jun 30, 2024 3.41%
Jun 30, 2024 3.41%
Mar 31, 2024 -39.98%
Mar 31, 2024 -39.98%
Dec 31, 2023 -71.06%
Dec 31, 2023 -71.06%