Plug Power (PLUG) Tax Rate (2013 - 2026)

Plug Power (PLUG) posted quarterly Tax Rate of 0.02% for Q1 2026, down 100.04% quarter-over-quarter from 39.33% in Q4 2025.

Plug Power (PLUG) Tax Rate (2013 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Tax Rate for 11 consecutive years, with 0.02% the latest figure, recorded in Q1 2026.

In Q1 2026, Tax Rate changed N/A year-over-year to 0.02%; the TTM figure through Mar 2026 stood at 20.41% (up 2042.0% YoY), while the FY2025 annual figure was 21.0%, up 2102.0% from the prior year.
Tax Rate fell to 0.02% in Q1 2026 per PLUG's latest filing, from 39.33% in the prior quarter.
Across five years, Tax Rate topped out at 39.33% in Q4 2025 and bottomed at 1.51% in Q4 2023.
Historically, Tax Rate has averaged 2.49% across 5 years, with a median of 0.01% in 2025.
Annual changes were most pronounced in 2022 — Tax Rate sank 745 bps — and 2025, when it jumped 3938 bps.
Plug Power's Tax Rate stood at 0.29% in 2022, then sank by 611 bps to 1.51% in 2023, then jumped by 97 bps to 0.04% in 2024, then surged by 89769 bps to 39.33% in 2025, then sank by 100 bps to 0.02% in 2026.
Business Quant data shows PLUG's Tax Rate at 0.02% in Q1 2026, 39.33% in Q4 2025, and 0.03% in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertiv Holdings	101.35 Bn	98.24 Bn	1.23 Bn	19.71%
2	Bloom Energy	58.17 Bn	55.50 Bn	355.57 Mn	0.75%
3	nVent Electric	24.99 Bn	24.74 Bn	558.00 Mn	23.48%
4	Hubbell	24.90 Bn	24.51 Bn	613.00 Mn	20.25%
5	Advanced Energy Industries	11.37 Bn	9.96 Bn	236.10 Mn	18.17%
6	Acuity Inc. (De)	10.36 Bn	9.95 Bn	606.40 Mn	23.87%
7	Powell Industries	7.22 Bn	6.58 Bn	95.30 Mn	24.54%
8	EnerSys	6.93 Bn	6.40 Bn	313.36 Mn	13.75%
9	Hayward Holdings	3.18 Bn	2.70 Bn	155.05 Mn	23.02%
10	Plug Power	3.05 Bn	2.74 Bn	-1.68 Mn	-0.11%

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