Forum Markets (FRMM) Tax Rate (2017 - 2023)
Forum Markets' (FRMM) quarterly Tax Rate came in at 0.36% in Q4 2023, down 98.08% quarter-over-quarter from 18.6% in Q3 2023.
Forum Markets (FRMM) Tax Rate (2017 - 2023) Analysis & Trends
Forum Markets' Tax Rate history runs 6 years deep, the most recent figure standing at 0.36% for Q4 2023.
- On a quarterly basis, Tax Rate changed N/A year-over-year to 0.36% in Q4 2023; TTM through Dec 2023 was 10.6%, a N/A change from a year earlier, with the FY2025 full-year figure at 21.0%, up 2108.0% from the prior year.
- Tax Rate declined to 0.36% in Q4 2023 per FRMM's latest filing, from 18.6% in the prior quarter.
- Across five years, Tax Rate topped out at 173.73% in Q3 2019 and bottomed at 1.88% in Q2 2020.
- The 4-year median for Tax Rate is 0.29% (2023), against an average of 24.24%.
- Across the five-year window, Tax Rate jumped 15226 bps in 2019 and tumbled 17311 bps in 2020, its largest moves.
- Year by year, Tax Rate stood at 0.88% in 2019, then sank by 92 bps to 0.07% in 2020, then tumbled by 1072 bps to 0.64% in 2021, then soared by 155 bps to 0.36% in 2023.
- Per Business Quant, the three latest FRMM Tax Rate figures stand at 0.36% (Q4 2023), 18.6% (Q3 2023), and 0.64% (Q4 2021).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Forum Markets | 120.77 Mn | 54.87 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 0.36% |
| Dec 31, 2023 | 0.36% |
| Dec 31, 2023 | 0.36% |
| Sep 30, 2023 | 18.60% |
| Sep 30, 2023 | 18.60% |
| Sep 30, 2023 | 18.60% |
| Dec 31, 2021 | -0.64% |
| Dec 31, 2021 | -0.64% |
| Dec 31, 2021 | -0.64% |
| Sep 30, 2021 | -0.03% |
| Sep 30, 2021 | -0.03% |
| Sep 30, 2021 | -0.03% |
| Jun 30, 2021 | 0.02% |
| Jun 30, 2021 | 0.02% |
| Jun 30, 2021 | 0.02% |
| Mar 31, 2021 | 0.03% |
| Mar 31, 2021 | 0.03% |
| Mar 31, 2021 | 0.03% |
| Dec 31, 2020 | 0.07% |
| Dec 31, 2020 | 0.07% |