8X8 (EGHT) Current Taxes (2011 - 2023)
8X8's (EGHT) quarterly Current Taxes came in at $37.8 million in Q4 2023, up 21.56% year-over-year from $31.1 million in Q4 2022, and up 5.37% quarter-over-quarter from $35.9 million in Q3 2023.
Analysis
8X8 (EGHT) Current Taxes (2011 - 2023) Analysis & Trends
8X8 has disclosed Current Taxes across 11 years of filings, most recently posting $37.8 million for Q4 2023.
- In Q4 2023, Current Taxes rose 21.56% year-over-year to $37.8 million; the TTM figure through Dec 2023 stood at $37.8 million (up 21.56% YoY), while the FY2023 annual figure was $29.6 million, down 9.22% from the prior year.
- Current Taxes came in at $37.8 million for Q4 2023 at 8X8, up from $35.9 million in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $37.8 million in Q4 2023 to a low of $9.2 million in Q2 2020.
- Average Current Taxes over 5 years is $20.4 million, with a median of $14.1 million recorded in 2019.
- Year-over-year, Current Taxes declined 26.05% in 2020 and jumped 181.46% in 2022.
- Over 5 years, Current Taxes stood at $11.7 million in 2019, then gained by 22.53% to $14.3 million in 2020, then grew by 0.54% to $14.4 million in 2021, then surged by 116.19% to $31.1 million in 2022, then grew by 21.56% to $37.8 million in 2023.
- Per Business Quant data, the three most recent Current Taxes figures were $37.8 million in Q4 2023, $35.9 million in Q3 2023, and $34.1 million in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | - |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | - |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | - |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | - |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | - |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | - |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 3.03 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | - |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 798,000.00 |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 37.78 Mn |
| Sep 30, 2023 | 35.85 Mn |
| Jun 30, 2023 | 34.10 Mn |
| Mar 31, 2023 | 29.57 Mn |
| Dec 31, 2022 | 31.08 Mn |
| Sep 30, 2022 | 31.58 Mn |
| Jun 30, 2022 | 31.86 Mn |
| Mar 31, 2022 | 32.57 Mn |
| Dec 31, 2021 | 14.38 Mn |
| Sep 30, 2021 | 12.07 Mn |
| Jun 30, 2021 | 11.32 Mn |
| Mar 31, 2021 | 12.13 Mn |
| Dec 31, 2020 | 14.30 Mn |
| Sep 30, 2020 | 11.57 Mn |
| Jun 30, 2020 | 9.22 Mn |
| Mar 31, 2020 | 10.25 Mn |
| Dec 31, 2019 | 11.67 Mn |
| Sep 30, 2019 | 12.18 Mn |
| Jun 30, 2019 | 11.60 Mn |
| Mar 31, 2019 | 13.86 Mn |