First Solar (FSLR) Tax Rate (2009 - 2026)

First Solar (FSLR) posted Tax Rate of 2.18% for Q1 2026, down 60.59% on a QoQ basis from 5.52% in Q4 2025, and down 129.0% year-over-year from 7.51% in Q1 2025.

First Solar (FSLR) Tax Rate (2009 - 2026) Analysis & Trends

First Solar's Tax Rate history runs 18 years deep, the most recent figure standing at 2.18% for Q1 2026.

  • Quarterly Tax Rate fell 129.0% year-over-year to 2.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.08% (down 445.0% YoY) and the FY2025 annual result came in at 3.33%, down 479.0% from the prior year.
  • Tax Rate was 2.18% for Q1 2026 at First Solar, down from 5.52% in the prior quarter.
  • Across five years, Tax Rate topped out at 60.03% in Q2 2022 and bottomed at 19.31% in Q1 2023.
  • A 5-year average of 8.69% and a median of 7.29% in 2023 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate soared 4023 bps — and 2023, when it plunged 5053 bps.
  • First Solar's Tax Rate stood at 14.85% in 2022, then jumped by 149 bps to 7.29% in 2023, then surged by 64 bps to 11.93% in 2024, then slumped by 54 bps to 5.52% in 2025, then slumped by 61 bps to 2.18% in 2026.
  • Business Quant data shows FSLR's Tax Rate at 2.18% in Q1 2026, 5.52% in Q4 2025, and 0.96% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 2.18%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.66%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 46.76%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -31.47%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -2.29%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -2.43%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 23.06%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -3.52%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 51.59%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -16.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.18%
Mar 31, 2026 2.18%
Mar 31, 2026 2.18%
Dec 31, 2025 5.52%
Dec 31, 2025 5.52%
Dec 31, 2025 5.52%
Sep 30, 2025 0.96%
Sep 30, 2025 0.96%
Sep 30, 2025 0.96%
Jun 30, 2025 2.92%
Jun 30, 2025 2.92%
Jun 30, 2025 2.92%
Mar 31, 2025 3.47%
Mar 31, 2025 3.47%
Mar 31, 2025 3.47%
Dec 31, 2024 11.93%
Dec 31, 2024 11.93%
Dec 31, 2024 11.93%
Sep 30, 2024 4.39%
Sep 30, 2024 4.39%