Fortinet (FTNT) Change in Taxes (2010 - 2023)
Fortinet (FTNT) posted Change in Taxes of $39.9 million for Q3 2023, up 1097.5% on a QoQ basis from -$4.0 million in Q3 2022, and up 1097.5% year-over-year from $3.3 million in Q3 2022.
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Analysis
Fortinet (FTNT) Change in Taxes (2010 - 2023) Analysis & Trends
Fortinet has reported Change in Taxes for 12 years, with the latest figure at $39.9 million in 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 was $39.9 million for Q3 2023 at Fortinet, up from -$4.0 million in the prior quarter.
- The five-year high for Change in Taxes was $39.9 million in Q3 2023, with the low at -$7.8 million in Q4 2019.
- Average Change in Taxes over 3 years is $2.8 million, with a median of -$3.3 million recorded in 2019.
- The sharpest annual moves came in 2019 and 2023: Change in Taxes sank 490.0% in 2019, then soared 1097.5% in 2023.
- Over 3 years, Change in Taxes stood at -$7.8 million in 2019, then surged by 48.72% to -$4.0 million in 2022, then jumped by 1097.5% to $39.9 million in 2023.
- The last three Change in Taxes figures came in at $39.9 million (Q3 2023), -$4.0 million (Q3 2022), and -$7.8 million (Q4 2019), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | - |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | - |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | - |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | - |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 39.90 Mn |
| Sep 30, 2022 | -4.00 Mn |
| Dec 31, 2019 | -7.80 Mn |
| Sep 30, 2019 | -2.70 Mn |
| Jun 30, 2019 | -7.60 Mn |
| Mar 31, 2019 | -700,000.00 |
| Dec 31, 2018 | 2.00 Mn |
| Sep 30, 2018 | 5.20 Mn |
| Jun 30, 2018 | -5.40 Mn |
| Mar 31, 2018 | -7.80 Mn |
| Dec 31, 2017 | 7.80 Mn |
| Sep 30, 2017 | 6.90 Mn |
| Jun 30, 2017 | 9.80 Mn |
| Mar 31, 2017 | 5.00 Mn |
| Dec 31, 2016 | 6.31 Mn |
| Sep 30, 2016 | 1.33 Mn |
| Jun 30, 2016 | 72,000.00 |
| Mar 31, 2016 | 5.39 Mn |
| Dec 31, 2015 | 6.62 Mn |
| Sep 30, 2015 | 3.72 Mn |
API Access
Fortinet Change in Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-taxes&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-taxes", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-taxes&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();