Fortinet (FTNT) Change in Taxes (2010 - 2023)
Fortinet's (FTNT) quarterly Change in Taxes came in at $39.9 million in Q3 2023, up 1097.5% year-on-year from $3.3 million in Q3 2022, and up 1097.5% quarter-over-quarter from -$4.0 million in Q3 2022.
Fortinet (FTNT) Change in Taxes (2010 - 2023) Analysis & Trends
Fortinet's Change in Taxes history runs 12 years deep, the most recent figure standing at $39.9 million for Q3 2023.
- On a quarterly basis, Change in Taxes rose 1097.5% year-over-year to $39.9 million in Q3 2023; TTM through Sep 2023 was $25.4 million, a 214.93% increase from a year earlier, with the FY2019 full-year figure at -$18.8 million, down 213.33% from the prior year.
- Change in Taxes advanced to $39.9 million in Q3 2023 per FTNT's latest filing, from -$4.0 million in the prior quarter.
- Across five years, Change in Taxes topped out at $39.9 million in Q3 2023 and bottomed at -$7.8 million in Q4 2019.
- The 3-year median for Change in Taxes is -$3.4 million (2019), against an average of $2.8 million.
- Across the five-year window, Change in Taxes slumped 490.0% in 2019 and jumped 1097.5% in 2023, its largest moves.
- Year by year, Change in Taxes stood at -$7.8 million in 2019, then jumped by 48.72% to -$4.0 million in 2022, then soared by 1097.5% to $39.9 million in 2023.
- Per Business Quant, the three latest FTNT Change in Taxes figures stand at $39.9 million (Q3 2023), -$4.0 million (Q3 2022), and -$7.8 million (Q4 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 2.30 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | - |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 1.40 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | - |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | - |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | - |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | - |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | - |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 17.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 39.90 Mn |
| Sep 30, 2023 | 39.90 Mn |
| Sep 30, 2022 | -4.00 Mn |
| Sep 30, 2022 | -4.00 Mn |
| Dec 31, 2019 | -7.80 Mn |
| Dec 31, 2019 | -7.80 Mn |
| Sep 30, 2019 | -2.70 Mn |
| Sep 30, 2019 | -2.70 Mn |
| Jun 30, 2019 | -7.60 Mn |
| Jun 30, 2019 | -7.60 Mn |
| Mar 31, 2019 | -700,000.00 |
| Mar 31, 2019 | -700,000.00 |
| Dec 31, 2018 | 2.00 Mn |
| Dec 31, 2018 | 2.00 Mn |
| Sep 30, 2018 | 5.20 Mn |
| Sep 30, 2018 | 5.20 Mn |
| Jun 30, 2018 | -5.40 Mn |
| Jun 30, 2018 | -5.40 Mn |
| Mar 31, 2018 | -7.80 Mn |
| Mar 31, 2018 | -7.80 Mn |