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

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

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

First Solar has reported Tax Rate for 18 years, with the latest figure at 2.18% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 129.0% year-over-year to 2.18%; the trailing twelve-month figure through Mar 2026 stood at 3.08% (down 445.0% YoY), and the FY2025 full-year result was 3.33%, down 479.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 2.18%, down from 5.52% in the prior quarter.
  • The five-year high for Tax Rate was 60.03% in Q2 2022, with the low at 19.31% in Q1 2023.
  • Historically, Tax Rate has averaged 8.69% across 5 years, with a median of 7.29% in 2023.
  • Annual changes were most pronounced in 2022 — Tax Rate soared 4023 bps — and 2023, when it sank 5053 bps.
  • First Solar's Tax Rate stood at 14.85% in 2022, then surged by 149 bps to 7.29% in 2023, then soared by 64 bps to 11.93% in 2024, then plunged by 54 bps to 5.52% in 2025, then plunged by 61 bps to 2.18% in 2026.
  • The last three Tax Rate figures came in at 2.18% (Q1 2026), 5.52% (Q4 2025), and 0.96% (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 2.18%
Mar 31, 2026 2.18%
Dec 31, 2025 5.52%
Dec 31, 2025 5.52%
Sep 30, 2025 0.96%
Sep 30, 2025 0.96%
Jun 30, 2025 2.92%
Jun 30, 2025 2.92%
Mar 31, 2025 3.47%
Mar 31, 2025 3.47%
Dec 31, 2024 11.93%
Dec 31, 2024 11.93%
Sep 30, 2024 4.39%
Sep 30, 2024 4.39%
Jun 30, 2024 7.36%
Jun 30, 2024 7.36%
Mar 31, 2024 7.40%
Mar 31, 2024 7.40%
Dec 31, 2023 7.29%
Dec 31, 2023 7.29%