First Solar (FSLR) Tax Rate (2009 - 2026)
First Solar posted quarterly Tax Rate of 2.18% for Q1 2026, down 129.0% year-on-year from 7.51% in Q1 2025, and down 60.59% on a QoQ basis from 5.52% in Q4 2025.
First Solar (FSLR) has 18 years of Tax Rate data on file, last reported 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.
- Across five years, Tax Rate topped out at 60.03% in Q2 2022 and bottomed at 19.31% in Q1 2023.
- The 5-year median for Tax Rate is 7.29% (2023), against an average of 8.69%.
- The widest annual swing landed in 2022, when Tax Rate soared 4023 bps; it then tumbled 5053 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 14.85% in 2022, then soared by 149 bps to 7.29% in 2023, then jumped by 64 bps to 11.93% in 2024, then tumbled by 54 bps to 5.52% in 2025, then tumbled 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 2.18 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 5.66 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -62.89 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 46.43 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -2.29 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -2.43 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 23.06 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 50.91 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -31.47 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 8.57 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 7.60 |
| Sep 30, 2023 | 7.60 |
| Jun 30, 2023 | 9.49 |
| Jun 30, 2023 | 9.49 |
| Mar 31, 2023 | -19.31 |
| Mar 31, 2023 | -19.31 |
| Dec 31, 2022 | -14.85 |
| Dec 31, 2022 | -14.85 |
| Sep 30, 2022 | 20.29 |
| Sep 30, 2022 | 20.29 |
| Jun 30, 2022 | 60.03 |
| Jun 30, 2022 | 60.03 |
| Mar 31, 2022 | 31.07 |
| Mar 31, 2022 | 31.07 |
| Dec 31, 2021 | 21.41 |
| Dec 31, 2021 | 21.41 |
| Sep 30, 2021 | 1.82 |
| Sep 30, 2021 | 1.82 |
| Jun 30, 2021 | 19.79 |
| Jun 30, 2021 | 19.79 |
| Mar 31, 2021 | 18.15 |
| Mar 31, 2021 | 18.15 |
| Dec 31, 2020 | -128.73 |
| Dec 31, 2020 | -128.73 |
| Sep 30, 2020 | 19.72 |
| Sep 30, 2020 | 19.72 |
| Jun 30, 2020 | 21.81 |
| Jun 30, 2020 | 21.81 |
| Mar 31, 2020 | -5,657.26 |
| Mar 31, 2020 | -5,657.26 |
| Dec 31, 2019 | 34.22 |
| Dec 31, 2019 | 34.22 |
| Sep 30, 2019 | 32.98 |
| Sep 30, 2019 | 32.98 |
| Jun 30, 2019 | -175.10 |
| Jun 30, 2019 | -175.10 |
| Mar 31, 2019 | 2.03 |
| Mar 31, 2019 | 2.03 |
| Dec 31, 2018 | -9.16 |
| Dec 31, 2018 | -9.16 |
| Sep 30, 2018 | 3.78 |
| Sep 30, 2018 | 3.78 |
| Jun 30, 2018 | 6.51 |
| Jun 30, 2018 | 6.51 |
| Mar 31, 2018 | 12.07 |
| Mar 31, 2018 | 12.07 |
| Dec 31, 2017 | -1,227.23 |
| Dec 31, 2017 | -1,227.23 |
| Sep 30, 2017 | 3.62 |
| Sep 30, 2017 | 3.62 |
| Jun 30, 2017 | -401.65 |
| Jun 30, 2017 | -401.65 |
| Mar 31, 2017 | 36.97 |
| Mar 31, 2017 | 36.97 |
| Dec 31, 2016 | -6.74 |
| Dec 31, 2016 | -6.74 |
| Sep 30, 2016 | -87.69 |
| Sep 30, 2016 | -87.69 |
| Jun 30, 2016 | 230.27 |
| Jun 30, 2016 | 230.27 |
| Mar 31, 2016 | 13.10 |
| Mar 31, 2016 | 13.10 |
| Dec 31, 2015 | 6.75 |
| Dec 31, 2015 | 6.75 |
| Sep 30, 2015 | 12.18 |
| Sep 30, 2015 | 12.18 |
| Jun 30, 2015 | -56.88 |
| Jun 30, 2015 | -56.88 |
| Mar 31, 2015 | 8.96 |
| Mar 31, 2015 | 8.96 |
| Dec 31, 2014 | 5.21 |
| Dec 31, 2014 | 5.21 |
| Sep 30, 2014 | -7.97 |
| Sep 30, 2014 | -7.97 |
| Jun 30, 2014 | -49.61 |
| Jun 30, 2014 | -49.61 |
| Mar 31, 2014 | 20.49 |
| Mar 31, 2014 | 20.49 |
| Dec 31, 2013 | 2.98 |
| Dec 31, 2013 | 2.98 |
| Sep 30, 2013 | 6.54 |
| Sep 30, 2013 | 6.54 |
| Jun 30, 2013 | 18.18 |
| Jun 30, 2013 | 18.18 |
| Mar 31, 2013 | 10.65 |
| Mar 31, 2013 | 10.65 |
| Dec 31, 2012 | 9.61 |
| Dec 31, 2012 | 9.61 |
| Sep 30, 2012 | 20.62 |
| Sep 30, 2012 | 20.62 |
| Jun 30, 2012 | 18.00 |
| Jun 30, 2012 | 18.00 |
| Mar 31, 2012 | 1.55 |
| Mar 31, 2012 | 1.55 |
| Dec 31, 2011 | 11.76 |
| Dec 31, 2011 | 11.76 |
| Sep 30, 2011 | 11.78 |
| Sep 30, 2011 | 11.78 |
| Jun 30, 2011 | 15.04 |
| Jun 30, 2011 | 15.04 |
| Mar 31, 2011 | 12.81 |
| Mar 31, 2011 | 12.81 |
| Dec 31, 2010 | 10.05 |
| Dec 31, 2010 | 10.05 |
| Sep 25, 2010 | 16.93 |
| Sep 25, 2010 | 16.93 |
| Jun 26, 2010 | 11.86 |
| Jun 26, 2010 | 11.86 |
| Mar 27, 2010 | 11.78 |
| Mar 27, 2010 | 11.78 |
| Dec 26, 2009 | 5.79 |
| Dec 26, 2009 | 5.79 |
| Sep 26, 2009 | 7.05 |
| Sep 26, 2009 | 7.05 |
| Jun 27, 2009 | 10.29 |
| Jun 27, 2009 | 10.29 |
| Mar 28, 2009 | 3.03 |
| Mar 28, 2009 | 3.03 |