Palantir paid no U.S. federal income tax last year despite recording substantial profits.

This claim is true because multiple 2026 analyses report that Palantir recorded roughly $1.5 billion to $1.6 billion in 2025 U.S. Income or net income while reporting zero U.S. Federal income-tax payments.

At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025 – ITEP
Source: itep.org

At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025 – ITEP
Source: itep.org

At a glance

Key Evidence

Verified August 14, 2026

ITEP reported that Palantir's annual financial report showed approximately $1.5 billion in U.S. Income and exactly zero federal income tax.
TaxCoda separately described $1.63 billion in net income and zero U.S. Federal income tax, while Tax Notes also included Palantir among profitable companies that reportedly paid no federal income tax in 2025.
The sources do not establish that Palantir paid no state, local, foreign, payroll, or other forms of tax.

The reporting

What the Evidence Shows

The statement refers to fiscal year 2025, the most recent completed year relative to the August 14, 2026 analysis date. The available sources consistently report two central facts:

Palantir recorded substantial 2025 income, described variously as approximately $1.5 billion, $1.6 billion, $1.63 billion of net income, or $1.66 billion of pretax income.
Palantir paid, or reported paying, zero U.S. Federal income tax for that year.

The Institute on Taxation and Economic Policy, which analyzed Palantir's annual financial report, is the strongest source in the provided results. Its account is broadly corroborated by Tax Notes, TaxCoda, Truthout, and other publications. The differences in reported income figures appear to reflect different measures, such as U.S. Income, pretax income, or net income, rather than a contradiction of the claim's central point.

The wording should not be interpreted to mean that Palantir paid no taxes of any kind. The claim specifically concerns U.S. Federal income tax. The sources also discuss a low global effective tax rate and tax provisions such as deductions related to executive stock compensation, but those explanations are separate from the basic factual claim.

Primary trail