Future FinTech (FTFT) Tax Rate (2010 - 2023)
Future FinTech (FTFT) recorded quarterly Tax Rate of 0.45% in Q3 2023, up 81.12% quarter-over-quarter from 2.39% in Q2 2023, and up 542.0% on a YoY basis from 0.07% in Q3 2022.
Future FinTech (FTFT) Tax Rate (2010 - 2023) Analysis & Trends
Future FinTech's Tax Rate history runs 11 years deep, the most recent figure standing at 0.45% for Q3 2023.
- In Q3 2023, Tax Rate rose 542.0% year-over-year to 0.45%; the TTM figure through Sep 2023 stood at 0.14% (up 459.0% YoY), while the FY2022 annual figure was 3.38%, down 276.0% from the prior year.
- Tax Rate was 0.45% for Q3 2023 at Future FinTech, up from 2.39% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 1.06% in Q4 2022 to a low of 7.49% in Q1 2022.
- Historically, Tax Rate has averaged 2.44% across 3 years, with a median of 1.21% in 2023.
- Biggest YoY gain for Tax Rate was 627 bps in 2023; the steepest drop was 321 bps in 2023.
- A 3-year view of Tax Rate shows it stood at 0.0% in 2019, then surged by 978564 bps to 1.06% in 2022, then sank by 143 bps to 0.45% in 2023.
- The last three Tax Rate figures came in at 0.45% (Q3 2023), 2.39% (Q2 2023), and 1.21% (Q1 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Future FinTech | 2.28 Mn | 2.28 Mn | 73,203.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | -0.45% |
| Sep 30, 2023 | -0.45% |
| Jun 30, 2023 | -2.39% |
| Jun 30, 2023 | -2.39% |
| Mar 31, 2023 | -1.21% |
| Mar 31, 2023 | -1.21% |
| Dec 31, 2022 | 1.06% |
| Dec 31, 2022 | 1.06% |
| Sep 30, 2022 | -5.87% |
| Sep 30, 2022 | -5.87% |
| Jun 30, 2022 | -5.59% |
| Jun 30, 2022 | -5.59% |
| Mar 31, 2022 | -7.49% |
| Mar 31, 2022 | -7.49% |
| Sep 30, 2019 | 0.00% |
| Sep 30, 2019 | 0.00% |
| Jun 30, 2019 | -0.01% |
| Jun 30, 2019 | -0.01% |
| Dec 31, 2017 | -0.01% |
| Dec 31, 2017 | -0.01% |