Future FinTech (FTFT) Tax Rate (2010 - 2023)
Future FinTech's quarterly Tax Rate came in at 0.45% in Q3 2023, up 542.0% year-on-year from 0.07% in Q3 2022, and up 81.12% quarter-over-quarter from 2.39% in Q2 2023.
Future FinTech has reported Tax Rate for 11 years, with the latest figure at 0.45% in Q3 2023.
- For the quarter ending Q3 2023, Tax Rate rose 542.0% year-over-year to 0.45%; the trailing twelve-month figure through Sep 2023 stood at 0.14% (up 459.0% YoY), and the FY2022 full-year result was 3.38%, down 276.0% from the prior year.
- Tax Rate for Q3 2023 stood at 0.45%, up from 2.39% in the prior quarter.
- The five-year high for Tax Rate was 1.06% in Q4 2022, with the low at 7.49% in Q1 2022.
- Average Tax Rate over 3 years is 2.44%, with a median of 1.21% recorded in 2023.
- Peak annual rise in Tax Rate reached 627 bps in 2023, while the deepest fall reached 321 bps in 2023.
- Tracing FTFT's Tax Rate over 3 years: stood at 0.0% in 2019, then soared by 978564 bps to 1.06% in 2022, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 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 | 1.10 |
| Dec 31, 2022 | 1.10 |
| 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 |
| Sep 30, 2017 | 0.03 |
| Sep 30, 2017 | 0.03 |
| Jun 30, 2017 | -7.47 |
| Jun 30, 2017 | -7.47 |
| Mar 31, 2017 | -2.59 |
| Mar 31, 2017 | -2.59 |
| Dec 31, 2016 | 67.81 |
| Dec 31, 2016 | 67.81 |
| Sep 30, 2016 | 128.71 |
| Sep 30, 2016 | 128.71 |
| Jun 30, 2016 | 82.45 |
| Jun 30, 2016 | 82.45 |
| Dec 31, 2015 | -151.26 |
| Dec 31, 2015 | -151.26 |
| Sep 30, 2015 | -75.99 |
| Sep 30, 2015 | -75.99 |
| Jun 30, 2015 | 32.95 |
| Jun 30, 2015 | 32.95 |
| Mar 31, 2015 | 25.05 |
| Mar 31, 2015 | 25.05 |
| Dec 31, 2014 | 41.10 |
| Dec 31, 2014 | 41.10 |
| Sep 30, 2014 | 27.88 |
| Sep 30, 2014 | 27.88 |
| Jun 30, 2014 | 39.55 |
| Jun 30, 2014 | 39.55 |
| Mar 31, 2014 | 26.41 |
| Mar 31, 2014 | 26.41 |
| Dec 31, 2013 | 25.51 |
| Dec 31, 2013 | 25.51 |
| Sep 30, 2013 | 25.76 |
| Sep 30, 2013 | 25.76 |
| Jun 30, 2013 | 29.16 |
| Jun 30, 2013 | 29.16 |
| Mar 31, 2013 | 26.31 |
| Mar 31, 2013 | 26.31 |
| Dec 31, 2012 | 25.28 |
| Dec 31, 2012 | 25.28 |
| Sep 30, 2012 | 26.74 |
| Sep 30, 2012 | 26.74 |
| Jun 30, 2012 | 25.48 |
| Jun 30, 2012 | 25.48 |
| Mar 31, 2012 | 31.07 |
| Mar 31, 2012 | 31.07 |
| Dec 31, 2011 | 25.40 |
| Dec 31, 2011 | 25.40 |
| Sep 30, 2011 | 27.26 |
| Sep 30, 2011 | 27.26 |
| Jun 30, 2011 | 31.92 |
| Jun 30, 2011 | 31.92 |
| Jun 30, 2010 | 27.35 |
| Jun 30, 2010 | 27.35 |